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Jun 30, 2022
Viant Q2 2022 Earnings Report
Reported financial results for the second quarter ended June 30, 2022.
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.
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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