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Viant Q1 2025 Earnings Report
Viant Technology reported its first quarter 2025 financial results, showcasing significant growth in revenue, gross profit, contribution ex-TAC, and adjusted EBITDA, with CTV exceeding 45% of total advertiser spend.
Key Takeaways
Viant Technology delivered record first quarter results, with revenue increasing by 32% and gross profit by 30% year-over-year. Contribution ex-TAC grew by 25% and adjusted EBITDA surged by 76%. The company also increased its share repurchase authorization by $50 million.
Revenue increased by 32% year-over-year to $70.642 million.
Adjusted EBITDA grew by 76% year-over-year to $5.402 million.
Connected TV (CTV) spend eclipsed 45% of total advertiser spend on the platform, reaching a new all-time high.
The company approved an increase of $50 million to its share repurchase program, demonstrating commitment to shareholder returns.
Viant
Viant
Viant Revenue by Segment
Revenue by Segment
Connected TV Revenue
CapyFin.com Forward Guidance
For the second quarter of 2025, Viant Technology expects revenue to be in the range of $77.0 million to $80.0 million, contribution ex-TAC between $47.5 million and $49.5 million, and adjusted EBITDA between $10.5 million and $11.5 million.
Positive Outlook
- Expected revenue growth to $77.0 million to $80.0 million.
- Anticipated contribution ex-TAC in the range of $47.5 million to $49.5 million.
- Projected adjusted EBITDA of $10.5 million to $11.5 million.
- Continued momentum in business trajectory.
- Strategic alignment to proliferating digital channels including CTV, streaming audio and digital-out-of-home.
Challenges Ahead
- Inability to estimate gross profit, total operating expenses or net income (loss) on a forward-looking basis due to variability and complexity.
- Unpredictable impact of future traffic acquisition costs and other platform operations expenses.
- Unpredictable fluctuations in share price affecting stock-based compensation.
- Potential forfeitures of equity grants impacting stock-based compensation.
- Variability of charges could have a significant and potentially unpredictable impact on future GAAP financial results.