Viant Technology (NASDAQ:DSP) Posts Earnings Results

Viant Technology (NASDAQ:DSP) released its earnings results on Monday. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.05 by $0.08, FiscalAI reports. The business had revenue of $110.43 million for the quarter, compared to the consensus estimate of $66.16 million. Viant Technology had a return on equity of 2.00% and a net margin of 1.88%.

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

• Viant reported record third-quarter results, with revenue up 29% to $110.4 million, contribution ex-TAC up 27%, and adjusted EBITDA up 24%; management said growth was primarily organic and accelerated for a third consecutive quarter.
• CTV remained a major growth driver: advertiser spend rose nearly 40% year over year and exceeded half of platform spend, while IRIS-enabled ad spend grew 41%. Management also highlighted rising use of its performance product Outcomes, including adoption by all of its top 10 advertisers.
• Management forecast Q4 contribution ex-TAC growth of 26% and adjusted EBITDA growth of 27%; for 2027, it expects 20% or more annual contribution ex-TAC growth and meaningful margin expansion, supported by existing customers and potential enterprise wins.
• Viant closed its $20 million acquisition of Waymark, whose generative-AI tools produce CTV ads. The company sees potential to pair creative generation with its targeting and measurement capabilities, but expects Waymark’s Q4 contribution to be immaterial and its standalone 2027 revenue contribution to remain modest.
• Viant ended the quarter with $183.2 million in cash and no debt, and nine-month free cash flow rose 238% year over year to $20.8 million. The board also authorized an additional $50 million for share repurchases, leaving $70.8 million available under the program.

Viant Technology Stock Performance

Shares of NASDAQ:DSP traded down $0.06 during trading on Wednesday, reaching $12.28. The stock had a trading volume of 249,197 shares, compared to its average volume of 299,934. The business has a fifty day moving average price of $12.84 and a 200-day moving average price of $11.80. The stock has a market cap of $815.92 million, a PE ratio of 49.43 and a beta of 1.16. Viant Technology has a 1-year low of $8.72 and a 1-year high of $14.80.

Insider Buying and Selling at Viant Technology

In related news, CFO Larry Madden sold 20,711 shares of the stock in a transaction that occurred on Tuesday, October 13th. The stock was sold at an average price of $13.14, for a total value of $272,142.54. Following the completion of the sale, the chief financial officer owned 322,000 shares of the company’s stock, valued at approximately $4,231,080. This trade represents a 6.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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. In the last 90 days, insiders sold 52,355 shares of company stock worth $662,193. Insiders own 29.43% of the company’s stock.

Viant Technology News Summary

Investors following DSP have been watching these news items:

• Positive Sentiment: Viant forecast more than 20% annual growth in 2027 contribution ex-TAC and highlighted expansion of its buy-side AI tools and Waymark generative CTV creative, pointing to potential future growth. Article
• Neutral Sentiment: Short-interest data reported zero shares sold short as of November 10, despite describing a large increase. The figures appear inconsistent and do not indicate meaningful short positioning.
• Negative Sentiment: Q3 adjusted earnings were $0.13 per share, below Zacks’ $0.18 consensus estimate, although another report cited a lower consensus and characterized earnings as a beat. Revenue was reported at $110.4 million, but published comparison estimates also differed substantially. The conflicting benchmarks make the quarter’s surprise harder to assess. Zacks earnings report

Analysts Set New Price Targets

DSP has been the subject of a number of recent research reports. UBS Group cut their price objective on Viant Technology from $19.00 to $18.00 and set a “buy” rating for the company in a research note on Tuesday. Wall Street Zen downgraded shares of Viant Technology from a “buy” rating to a “hold” rating in a report on Saturday, October 17th. Citizens Jmp boosted their price objective on shares of Viant Technology from $16.00 to $17.00 and gave the company a “market outperform” rating in a research report on Tuesday, August 11th. DA Davidson assumed coverage on Viant Technology in a report on Tuesday. They set a “buy” rating for the company. Finally, Rosenblatt Securities lifted their price target on shares of Viant Technology from $20.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $18.17.

Viant Technology Company Profile

Viant Technology is an advertising technology company that provides a demand-side platform for planning, buying and measuring digital advertising. Its software helps advertisers and agencies run programmatic campaigns across channels including connected TV, mobile, audio and digital out-of-home. The company’s platform includes tools for campaign management, audience targeting and measurement. Viant also offers identity and data capabilities designed to help advertisers reach audiences across devices and assess campaign performance.