NASDAQ$DSP

Viant Technology Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported financial results for the second quarter ended June 30, 2022.

Viant Technology reported its Q2 2022 financial results, with revenue increasing by 2% to $51.2 million and advertiser spend growing by 32% year-over-year. However, the company experienced a net loss of $14.1 million, and adjusted EBITDA was $(3.1) million.

  • Revenue increased by 2% to $51.2 million.
  • Gross profit increased by 8% to $20.3 million.
  • Advertiser spend across the Adelphic platform grew 32% year-over-year.
  • Active customers grew to 336, representing a 17% year-over-year increase.

Headline financials

Total Revenue

$51.2M

Previous: $50.4M+1.6%
EPS (adj)

-$0.08

Previous: $0.06-233.3%
Adjusted EBITDA

-$3.1M

Previous: $8.3M-137.3%
Contribution ex-TAC

$31.7M

Previous: $32.2M-1.6%
Capital Expenditures

-$397K

Previous: -$266K-49.2%
Free Cash Flow

-$3.8M

Previous: -$3.92M+3.1%
Net Income

-$3.4M

Previous: -$3.66M+6.9%
Operating Income

-$13.8M

Previous: -$24M+42.5%
Gross Profit

$20.3M

Previous: $18.7M+8.3%
Cash & Equivalents

$207M

Previous: $252M-17.8%
Total Assets

$360M

Previous: $356M+1.0%
Stock-Based Comp

$7.77M

Previous: $29.7M-73.8%

Revenue & EPS history

Viant · Revenue · Quarterly

$51.2M

Q2 2022+1.6%vs Q2 2021
Beat estimate in 13 of 15 quarters(87%)
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 2022, Viant expects revenue in the range of $47.5 million to $50.0 million, advertiser spend growth of 20% to 25% year-over-year, and adjusted EBITDA in the range of $(2.0) million to $(1.0) million. The company is withdrawing its previously announced guidance for annual revenue and adjusted EBITDA for fiscal year 2022 due to current macroeconomic conditions and uncertainty in the market.

Tailwinds

  • Revenue in the range of $47.5 million to $50.0 million
  • Advertiser spend growth of 20% to 25% on a year-over-year basis
  • Adjusted EBITDA in the range of $(2.0) million to $(1.0) million

Headwinds

  • Withdrawing previously announced guidance for annual revenue
  • Withdrawing previously announced guidance for adjusted EBITDA for fiscal year 2022
  • Due to current macroeconomic conditions
  • Due to uncertainty in the market

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 2022

Historical avgQ2 2022

-0.2%

Avg return

Earnings day

-1.5%

Avg return

5 days after

-0.4%

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%-3.8%
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 2021-12.4%-18.0%-12.2%
Q4 2019-12.4%-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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