Viant Q2 2021 Earnings Report
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.
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Viant 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.