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Sep 30, 2021
Viant Q3 2021 Earnings Report
Viant's third quarter results exceeded expectations, driven by the power of its people-based advertising platform.
Key Takeaways
Viant Technology Inc. announced financial results for its third quarter ended September 30, 2021. Revenue was $50.9 million, an increase of 26% year-over-year. Non-GAAP Net Income was $3.1 million, or $0.04 per diluted share. The company is raising its guidance for the year.
Revenue increased by 26% year-over-year, reaching $50.9 million.
Gross Profit increased by 9% year-over-year, totaling $21.9 million.
Total Active Customers grew to 305, a sequential increase of 17 from the previous quarter.
Platform Spend from Connected TV grew 43% year-over-year.
Viant
Viant
Forward Guidance
For the fourth quarter of 2021, the Company expects: Revenue in the range of $71 million to $74 million, Contribution ex-TAC in the range of $47.5 million to $50 million, Adjusted EBITDA in the range of $13.5 million to $14.5 million.
Positive Outlook
- Revenue is expected to be in the range of $71 million to $74 million, representing year-over-year growth of approximately 26% to 31%.
- Contribution ex-TAC is expected to be in the range of $47.5 million to $50 million, representing year-over-year growth of approximately 21% to 28%.
- Adjusted EBITDA is expected to be in the range of $13.5 million to $14.5 million.
- Adjusted EBITDA as a percentage of Contribution ex-TAC is expected to be 28% to 29%.
- Full year 2021 revenue is expected to be in the range of $212.4 million to $215.4 million, representing year-over-year growth of approximately 29% to 30%.