Viant Technology (NASDAQ:DSP) Announces Earnings Results

Viant Technology (NASDAQ:DSP) issued its earnings results on Monday. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.09, FiscalAI reports. The business had revenue of $104.25 million for the quarter, compared to analysts’ expectations of $59.65 million. Viant Technology had a return on equity of 4.38% and a net margin of 2.24%.

Here are the key takeaways from Viant Technology’s conference call:

• Q2 results exceeded guidance, with revenue up 34% year over year to $104.3 million, contribution ex-TAC up 24% to $60.2 million, and adjusted EBITDA up 26% to $14.2 million.
• CTV spend increased nearly 50% and represented more than half of platform spend, while Direct Access penetration rose to over 80% of CTV spend from just over 50% in Q1; Viant said the solution reduces CPMs by about 35%.
• Viant reported early traction from its TVision acquisition and ViantAI platform. More than 80% of 42 TVision pilot campaigns outperformed benchmarks, while the autonomous Outcomes product accounted for 5% of total ad spend year to date.
• Management cited its largest-ever new-business pipeline, with major enterprise RFP opportunities expected to provide some benefit in Q4 and a larger impact in 2027, while existing customers continue expanding their spending.
• Viant guided to another record quarter in Q3, forecasting revenue of $107.5 million to $110.5 million, contribution ex-TAC of $65 million to $67 million, and adjusted EBITDA of $18.5 million to $19.5 million. The company ended Q2 with $193.1 million in cash, no debt, and continued share repurchase capacity.

Viant Technology Price Performance

DSP traded down $0.33 during trading hours on Wednesday, reaching $12.86. The company’s stock had a trading volume of 179,023 shares, compared to its average volume of 246,232. The stock has a market cap of $842.77 million, a PE ratio of 41.48 and a beta of 1.08. Viant Technology has a fifty-two week low of $8.11 and a fifty-two week high of $14.80. The business’s 50-day moving average is $12.04 and its 200-day moving average is $11.33.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on DSP shares. Citizens Jmp increased their price target on Viant Technology from $16.00 to $17.00 and gave the company a “market outperform” rating in a report on Tuesday. Rosenblatt Securities raised their target price on Viant Technology from $20.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday. Weiss Ratings upgraded Viant Technology from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday. UBS Group boosted their price target on shares of Viant Technology from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, DA Davidson raised their price objective on shares of Viant Technology from $16.50 to $17.50 and gave the stock a “buy” rating in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Viant Technology has an average rating of “Buy” and a consensus target price of $18.33.

More Viant Technology News

Here are the key news stories impacting Viant Technology this week:

• Positive Sentiment: Analysts raised targets and ratings. Rosenblatt increased its target from $20 to $24 and maintained a “buy” rating; UBS raised its target from $17 to $19 and initiated a “buy” rating; DA Davidson lifted its target from $16.50 to $17.50 with a “buy” rating; and Citizens JMP raised its target from $16 to $17 with a “market outperform” rating. These targets imply substantial potential upside from recent trading levels. Analyst price-target updates
• Positive Sentiment: Second-quarter results exceeded the company’s guidance and the primary analyst consensus. Viant reported adjusted earnings of $0.12 per share, versus a consensus estimate of $0.03, and revenue of $104.25 million, well above the $59.65 million consensus estimate. Management described the quarter as a record period and pointed to accelerating growth driven by its AI-powered programmatic advertising platform. Viant second-quarter financial results
• Neutral Sentiment: Third-quarter revenue guidance was broadly in line with expectations. Viant forecast revenue of $107.5 million to $110.5 million, compared with a $110 million consensus estimate. The outlook supports continued growth but does not represent a major upside surprise.
• Neutral Sentiment: Craig Abrahams joined Viant’s board of directors. The appointment adds an experienced director but is not expected to materially change the company’s near-term earnings outlook. Viant appoints Craig Abrahams to its board
• Negative Sentiment: Earnings comparisons were mixed. Although results exceeded the broader consensus cited in the company release, Zacks characterized the $0.12 per-share result as a slight miss versus its $0.13 estimate. The discrepancy may be contributing to cautious trading alongside valuation concerns, including a forward-looking earnings multiple above 40.

Insiders Place Their Bets

In other news, COO Christopher Vanderhook sold 2,500 shares of the stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $10.96, for a total transaction of $27,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Capital V. Llc sold 7,500 shares of the firm’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $10.96, for a total value of $82,200.00. Following the sale, the insider directly owned 37,500 shares of the company’s stock, valued at $411,000. The trade was a 16.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 167,853 shares of company stock valued at $1,947,895 over the last quarter. 29.43% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Royal Bank of Canada grew its position in shares of Viant Technology by 246.4% during the first quarter. Royal Bank of Canada now owns 29,213 shares of the company’s stock worth $363,000 after acquiring an additional 20,779 shares during the last quarter. AQR Capital Management LLC raised its position in Viant Technology by 303.6% in the 1st quarter. AQR Capital Management LLC now owns 47,295 shares of the company’s stock valued at $587,000 after purchasing an additional 35,578 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Viant Technology by 77.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 136,249 shares of the company’s stock worth $1,691,000 after purchasing an additional 59,323 shares during the period. Envestnet Asset Management Inc. acquired a new position in Viant Technology in the second quarter valued at $166,000. Finally, Geode Capital Management LLC increased its stake in Viant Technology by 6.4% in the second quarter. Geode Capital Management LLC now owns 380,598 shares of the company’s stock valued at $5,036,000 after purchasing an additional 22,857 shares during the period. Hedge funds and other institutional investors own 11.38% of the company’s stock.

Viant Technology Company Profile

Viant Technology Inc (Nasdaq: DSP) is a software-as-a-service (SaaS) advertising technology company that delivers data-driven solutions to marketers and agencies. Its core offering, Adelphic, is a programmatic demand-side platform (DSP) that empowers clients to plan, execute and optimize digital ad campaigns across desktop, mobile, connected TV and other emerging channels.

Complementing its DSP, Viant offers PeopleCloud, a people-based data management platform (DMP) that aggregates and normalizes first- and third-party audience data.