Viant Q1 2023 Earnings Report
Key Takeaways
Viant Technology reported a decrease in revenue but an increase in gross profit for Q1 2023. The company saw a net loss but improved adjusted EBITDA. They upsized their credit facility to $75 million and are seeing stability in the spending environment.
Revenue decreased by 2% year-over-year to $41.7 million.
Gross profit increased by 12% year-over-year to $18.4 million.
Net loss attributable to Viant Technology Inc. was $2.5 million, or $(0.17) per diluted share.
Adjusted EBITDA was $(0.4) million, an improvement from $(3.9) million in the first quarter of 2022.
Viant
Viant
Forward Guidance
For the second quarter 2023, Viant expects revenue in the range of $52.0 million to $55.0 million, contribution ex-TAC in the range of $32.0 million to $34.0 million, non-GAAP operating expenses in the range of $30.0 million to $31.0 million and adjusted EBITDA in the range of $2.0 million to $3.0 million.