Viant Q4 2023 Earnings Report
Key Takeaways
Viant Technology Inc. reported financial results for the fourth quarter and full year ended December 31, 2023. The company's Q4 revenue was $64.406 million, a 18% increase year-over-year. Net income attributable to Viant Technology Inc. was $626 thousand, compared to a loss of $2.193 million in the same quarter last year. Adjusted EBITDA was $13.007 million, a 395% increase year-over-year.
Viant's AI product suite won the Business Intelligence Group's 2024 Innovation award.
Strong, double-digit CTV growth in Q4 was driven by Household ID technology and Direct Access program.
Customers with greater than $1 million in contribution ex-TAC increased over 20% in FY 2023.
Viant achieved carbon neutrality for calendar year 2023.
Viant
Viant
Forward Guidance
For the first quarter 2024, the Company expects revenue in the range of $49.0 million to $52.0 million, contribution ex-TAC in the range of $33.0 million to $35.0 million, non-GAAP operating expenses in the range of $31.0 million to $32.0 million and Adjusted EBITDA in the range of $2.0 million to $3.0 million.