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Jun 30, 2021
Viant Q2 2021 Earnings Report
Viant Technology reported a strong second quarter with significant revenue growth and continued momentum in Connected TV.
Key Takeaways
Viant Technology Inc. announced financial results for the second quarter ended June 30, 2021, with revenue increasing by 66% year-over-year. The company's Connected TV business more than doubled year-over-year. Viant is raising guidance for the full year across all key metrics.
Revenue increased by 66% year-over-year to $50.4 million.
Gross Profit increased by 58% year-over-year to $18.7 million.
Contribution ex-TAC increased by 61% year-over-year to $32.2 million.
Adjusted EBITDA increased by 203% year-over-year to $8.3 million.
Revenue by Segment
Forward Guidance
For the third quarter of 2021, the Company expects: Revenue in the range of $48 million to $50 million, which represents year-over-year growth of approximately 19% to 24%. Contribution ex-TAC in the range of $32.5 million to $33.5 million, which represents year-over-year growth of approximately 16% to 20%. Adjusted EBITDA in the range of $4 million to $5 million, or Adjusted EBITDA as a percentage of Contribution ex-TAC of 12% to 15%.
Positive Outlook
- Revenue growth of approximately 19% to 24%.
- Contribution ex-TAC growth of approximately 16% to 20%.
- Adjusted EBITDA of 12% to 15% of Contribution ex-TAC.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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