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Jun 30, 2023
Viant Q2 2023 Earnings Report
Reported strong performance with double-digit revenue growth, driven by new AI enhancements and omnichannel solutions.
Key Takeaways
Viant Technology Inc. reported a 12% increase in revenue, reaching $57.2 million, and a gross profit increase of 17% to $23.7 million. The company's net loss decreased significantly to $3.2 million. Adjusted EBITDA improved to $6.8 million, and AI enhancements to the platform drove customer spend.
Revenue increased by 12% year-over-year, reaching $57.2 million.
Gross profit increased by 17% year-over-year, reaching $23.7 million.
Net loss improved from $14.1 million to $3.2 million year-over-year.
Adjusted EBITDA improved to $6.8 million, a significant increase from the previous year's $(3.1) million.
Viant
Viant
Forward Guidance
For the third quarter 2023, Viant expects revenue between $56.0 million and $59.0 million and adjusted EBITDA between $6.5 million and $7.5 million.
Positive Outlook
- Revenue is expected to be in the range of $56.0 million to $59.0 million.
- Contribution ex-TAC is expected to be in the range of $35.0 million to $37.0 million.
- Non-GAAP operating expenses are expected to be in the range of $28.5 million to $29.5 million.
- Adjusted EBITDA is expected to be in the range of $6.5 million to $7.5 million.