Viant Q2 2024 Earnings Report
Key Takeaways
Viant Technology reported a 15% increase in revenue year-over-year, driven by growth in CTV and streaming audio. The company launched ViantAI, integrating AI-enabled tools to enhance programmatic advertising. They also saw a 146% increase in net income.
Total advertiser spend on the platform reached a record high.
CTV spend grew more than 40% year-over-year.
Streaming Audio nearly doubled year-over-year, accounting for almost 10% of total advertiser spend on the platform.
Approximately $14 million of cash flow from operations was generated during the quarter.
Viant
Viant
Forward Guidance
For the third quarter 2024, the Company expects revenue in the range of $67.5 million to $70.5 million, Contribution ex-TAC in the range of $44.0 million to $46.0 million, Non-GAAP operating expenses in the range of $33.0 million to $34.0 million and Adjusted EBITDA in the range of $11.0 million to $12.0 million.