Viant Q2 2022 Earnings Report
Key Takeaways
Viant Technology reported its Q2 2022 financial results, with revenue increasing by 2% to $51.2 million and advertiser spend growing by 32% year-over-year. However, the company experienced a net loss of $14.1 million, and adjusted EBITDA was $(3.1) million.
Revenue increased by 2% to $51.2 million.
Gross profit increased by 8% to $20.3 million.
Advertiser spend across the Adelphic platform grew 32% year-over-year.
Active customers grew to 336, representing a 17% year-over-year increase.
Viant
Viant
Forward Guidance
For the third quarter 2022, Viant expects revenue in the range of $47.5 million to $50.0 million, advertiser spend growth of 20% to 25% year-over-year, and adjusted EBITDA in the range of $(2.0) million to $(1.0) million. The company is withdrawing its previously announced guidance for annual revenue and adjusted EBITDA for fiscal year 2022 due to current macroeconomic conditions and uncertainty in the market.
Positive Outlook
- Revenue in the range of $47.5 million to $50.0 million
- Advertiser spend growth of 20% to 25% on a year-over-year basis
- Adjusted EBITDA in the range of $(2.0) million to $(1.0) million
Challenges Ahead
- Withdrawing previously announced guidance for annual revenue
- Withdrawing previously announced guidance for adjusted EBITDA for fiscal year 2022
- Due to current macroeconomic conditions
- Due to uncertainty in the market