NASDAQ$DSP
Viant Technology Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Viant reported strong Q1 2024 results with significant CTV growth and improved profitability.
Viant Technology Inc. announced strong first-quarter results, driven by over 50% year-over-year growth in CTV. The company's Direct Access program saw notable adoption, and there was a significant improvement in adjusted EBITDA as a percentage of contribution ex-TAC. Viant's Board of Directors also authorized a $50 million stock repurchase program.
- Revenue increased by 28% year-over-year to $53.393 million.
- CTV grew over 50% year-over-year, driven by Household ID technology and the Direct Access program.
- Adjusted EBITDA improved by 888% year-over-year to $3.075 million.
- The Board of Directors authorized a $50 million stock repurchase program.
Headline financials
Revenue & EPS history
Viant · Revenue · Quarterly
$53.4M
Revenue by segment
Viant · $13.2M total across 1 segment · Q2 2021
- Connected TV$13.2M+105.3%100.0%
Forward guidance
For the second quarter 2024, Viant expects revenue in the range of $63.5 million to $66.5 million, contribution ex-TAC in the range of $40.0 million to $42.0 million, non-GAAP operating expenses in the range of $32.0 million to $33.0 million, and adjusted EBITDA in the range of $8.0 million to $9.0 million.
Tailwinds
- Revenue in the range of $63.5 million to $66.5 million
- Contribution ex-TAC in the range of $40.0 million to $42.0 million
- Adjusted EBITDA in the range of $8.0 million to $9.0 million
- Non-GAAP operating expenses in the range of $32.0 million to $33.0 million
- Strong industry tailwinds for programmatic advertising.
Headwinds
- Variability and complexity with respect to the charges excluded from non-GAAP financial measures.
- Impact of future traffic acquisition costs and other platform operations expenses.
- Measures and effects of our stock-based compensation related to equity grants.
- Direct impact by unpredictable fluctuations in our share price.
- Potential forfeitures of equity grants.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2024
-0.2%
Avg return
Earnings day
-1.5%
Avg return
5 days after
-0.3%
Avg return
30 days after
40%
10 / 25 earnings
Positive
+26.7%
Q2 2023
Best reaction
-28.5%
Q4 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -12.4% | -12.2% | — | |
| Q4 2025 | +14.3% | +6.0% | -14.3% | |
| Q3 2025 | +19.9% | +18.4% | +34.0% | |
| Q1 2025 | -12.1% | +0.1% | -2.4% | |
| Q4 2024 | -28.5% | -25.7% | -35.9% | |
| Q3 2024 | +20.9% | +19.0% | +54.0% | |
| Q2 2024 | -3.2% | +4.5% | +3.9% | |
| Q1 2024 | -3.8% | -0.6% | +12.4% | |
| Q4 2023 | +7.9% | +11.8% | +22.4% | |
| Q3 2023 | +13.6% | +4.0% | +25.5% | |
| Q2 2023 | +26.7% | +29.2% | +47.3% | |
| Q1 2023 | +7.3% | +8.7% | +3.5% | |
| Q4 2022 | +20.9% | +13.0% | +10.7% | |
| Q3 2022 | -5.6% | -11.8% | -30.0% | |
| Q2 2022 | -5.0% | -5.7% | -16.8% | |
| Q1 2022 | -7.0% | -8.7% | +2.0% | |
| Q4 2019 | -12.4% | -18.0% | -12.2% | |
| Q4 2021 | -12.4% | -18.0% | -12.2% | |
| Q3 2020 | -9.0% | +2.5% | -25.3% | |
| Q3 2021 | -5.6% | +1.2% | -19.8% | |
| Q2 2020 | -18.8% | -19.5% | -24.3% | |
| Q2 2021 | -7.5% | -14.4% | -20.1% | |
| Q1 2020 | +10.9% | +1.8% | +21.3% | |
| Q1 2021 | +0.3% | -8.3% | +7.0% | |
| Q4 2020 | -5.4% | -14.0% | -37.6% | |
| Q3 2019 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro