Viant Q3 2024 Earnings Report
Key Takeaways
Viant Technology Inc. reported strong third-quarter results, with revenue, contribution ex-TAC, and adjusted EBITDA exceeding expectations. Advertiser spending hit a new record, driven by CTV spending and the introduction of ViantAI.
Total advertiser spend on the platform reached a record high, with unprecedented CTV spend.
CTV spend grew nearly 50% year-over-year, boosted by the Direct Access program and Household ID technology.
ViantAI, the first fully autonomous advertising software platform, was launched, leveraging generative AI.
The acquisition of IRIS.TV was completed, enhancing CTV targeting and measurement capabilities.
Viant
Viant
Forward Guidance
For the fourth quarter 2024, Viant expects revenue in the range of $82 million to $85 million, contribution ex-TAC in the range of $51 million to $53 million, non-GAAP operating expenses in the range of $35 million to $36 million and Adjusted EBITDA in the range of $16 million to $17 million.
Positive Outlook
- Revenue in the range of $82 million to $85 million
- Contribution ex-TAC in the range of $51 million to $53 million
- Non-GAAP operating expenses in the range of $35 million to $36 million
- Adjusted EBITDA in the range of $16 million to $17 million