NASDAQ$DSP

Viant Technology Inc · Q1 2025 earnings

Q1 2025 earnings · · After market close · Investor relations

Briefing

Viant Technology reported its first quarter 2025 financial results, showcasing significant growth in revenue, gross profit, contribution ex-TAC, and adjusted EBITDA, with CTV exceeding 45% of total advertiser spend.

Viant Technology delivered record first quarter results, with revenue increasing by 32% and gross profit by 30% year-over-year. Contribution ex-TAC grew by 25% and adjusted EBITDA surged by 76%. The company also increased its share repurchase authorization by $50 million.

  • Revenue increased by 32% year-over-year to $70.642 million.
  • Adjusted EBITDA grew by 76% year-over-year to $5.402 million.
  • Connected TV (CTV) spend eclipsed 45% of total advertiser spend on the platform, reaching a new all-time high.
  • The company approved an increase of $50 million to its share repurchase program, demonstrating commitment to shareholder returns.

Headline financials

Total Revenue

$70.6M

Previous: $53.4M+32.3%
EPS (adj)

$0.04

Previous: -$0.06+166.7%
Adjusted EBITDA

$5.4M

Previous: $3.08M+75.7%
Contribution ex-TAC

$42.7M

Previous: $34.1M+25.2%
Adj. EBITDA as % of ex-TAC

13.0%

Previous: 9.0%+44.4%
Net income as % of gross profit

-11.0%

Previous: -14.0%+21.4%
Capital Expenditures

-$124K

Previous: -$530K+76.6%
Net Income

-$3.31M

Previous: -$947K-249.2%
Operating Income

-$4.86M

Previous: -$5.69M+14.6%
Gross Profit

$30.6M

Previous: $23.5M+30.0%

Revenue & EPS history

Viant · Revenue · Quarterly

$70.6M

Q1 2025+32.3%vs Q1 2024
Beat estimate in 12 of 14 quarters(86%)
ActualEstimate

Revenue by segment

Viant · $13.2M total across 1 segment · Q2 2021

  • Connected TV
    $13.2M+105.3%

Forward guidance

For the second quarter of 2025, Viant Technology expects revenue to be in the range of $77.0 million to $80.0 million, contribution ex-TAC between $47.5 million and $49.5 million, and adjusted EBITDA between $10.5 million and $11.5 million.

Tailwinds

  • Expected revenue growth to $77.0 million to $80.0 million.
  • Anticipated contribution ex-TAC in the range of $47.5 million to $49.5 million.
  • Projected adjusted EBITDA of $10.5 million to $11.5 million.
  • Continued momentum in business trajectory.
  • Strategic alignment to proliferating digital channels including CTV, streaming audio and digital-out-of-home.

Headwinds

  • Inability to estimate gross profit, total operating expenses or net income (loss) on a forward-looking basis due to variability and complexity.
  • Unpredictable impact of future traffic acquisition costs and other platform operations expenses.
  • Unpredictable fluctuations in share price affecting stock-based compensation.
  • Potential forfeitures of equity grants impacting stock-based compensation.
  • Variability of charges could have a significant and potentially unpredictable impact on future GAAP financial results.

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 2025

Historical avgQ1 2025

-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

Earnings price reactions
QuarterReport dateReaction (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

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