NASDAQ$DSP

Viant Technology Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Viant Technology reported a strong second quarter with significant revenue growth and continued momentum in Connected TV.

Viant Technology Inc. announced financial results for the second quarter ended June 30, 2021, with revenue increasing by 66% year-over-year. The company's Connected TV business more than doubled year-over-year. Viant is raising guidance for the full year across all key metrics.

  • Revenue increased by 66% year-over-year to $50.4 million.
  • Gross Profit increased by 58% year-over-year to $18.7 million.
  • Contribution ex-TAC increased by 61% year-over-year to $32.2 million.
  • Adjusted EBITDA increased by 203% year-over-year to $8.3 million.

Headline financials

Total Revenue

$50.4M

Previous: $30.4M+65.7%
EPS (adj)

$0.06

Previous: -$0.03+300.0%
Adjusted EBITDA

$8.3M

Previous: $2.8M+196.4%
Contribution ex-TAC

$32.2M

Previous: $20M+60.6%
Capital Expenditures

-$266K

Previous: $129K-306.2%
Free Cash Flow

-$3.92M

Previous: $7.91M-149.6%
Net Income

-$3.66M

Previous: -$30K-12083.3%
Operating Income

-$24M

Previous: $219K-11042.0%
Gross Profit

$18.7M

Previous: $11.8M+58.0%
Cash & Equivalents

$252M

No prior period
Total Assets

$356M

No prior period
Stock-Based Comp

$29.7M

No prior period

Revenue & EPS history

Viant · Revenue · Quarterly

$50.4M

Q2 2021+65.7%vs Q2 2020
Beat estimate in 11 of 11 quarters(100%)
ActualEstimate

Revenue by segment

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

  • Connected TV
    $13.2M+105.3%

Forward guidance

For the third quarter of 2021, the Company expects: Revenue in the range of $48 million to $50 million, which represents year-over-year growth of approximately 19% to 24%. Contribution ex-TAC in the range of $32.5 million to $33.5 million, which represents year-over-year growth of approximately 16% to 20%. Adjusted EBITDA in the range of $4 million to $5 million, or Adjusted EBITDA as a percentage of Contribution ex-TAC of 12% to 15%.

Tailwinds

  • Revenue growth of approximately 19% to 24%.
  • Contribution ex-TAC growth of approximately 16% to 20%.
  • Adjusted EBITDA of 12% to 15% of Contribution ex-TAC.

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 Q2 2021

Historical avgQ2 2021

-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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