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Sep 30, 2023
Viant Q3 2023 Earnings Report
Viant Technology reported a strong third quarter, outperforming guided metrics with increased revenue and profitability.
Key Takeaways
Viant Technology reported a strong Q3 2023 with revenue of $59.585 million, a net loss of $0.672 million, and adjusted EBITDA of $9.668 million. The company saw growth in CTV and advertiser spend per active customer, and provided Q4 2023 revenue guidance of $64.0 million to $67.0 million.
Revenue increased by 22% year-over-year to $59.585 million.
Gross profit increased by 34% year-over-year to $28.620 million.
Net loss improved by 95% year-over-year to $(0.672) million.
Adjusted EBITDA increased significantly to $9.668 million.
Viant
Viant
Forward Guidance
For the fourth quarter 2023, Viant expects revenue in the range of $64.0 million to $67.0 million and Adjusted EBITDA in the range of $10.5 million to $11.5 million.
Positive Outlook
- Revenue in the range of $64.0 million to $67.0 million
- Contribution ex-TAC in the range of $41.0 million to $43.0 million
- Non-GAAP operating expenses in the range of $30.5 million to $31.5 million
- Adjusted EBITDA in the range of $10.5 million to $11.5 million
- Adjusted EBITDA as a percentage of contribution ex-TAC in the range of 26% to 27%