Viant Technology Inc · Q4 2020 earnings

Briefing

Viant reported a 9% increase in revenue and a 138% increase in net income year-over-year.

Viant Technology Inc. announced its Q4 and full year 2020 financial results, reporting a 9% increase in revenue and a 138% increase in net income for the fourth quarter. The company highlighted strong momentum in connected TV and recovery signs in pandemic-impacted verticals.

• Revenue for the quarter was $56.5 million, a 9% increase year-over-year.
• Gross profit for the quarter was $30.5 million, a 31% increase year-over-year.
• Net income was $12.9 million, a 138% increase year-over-year.
• Adjusted EBITDA was $15.6 million, a 66% increase year-over-year.

Headline financials

Revenue & EPS history

For the first quarter of 2021, Viant expects revenue in the range of $38.0 million to $38.5 million, representing year-over-year growth of approximately 0% to 1%. Revenue ex-TAC is expected to be in the range of $26.0 million to $26.5 million, representing year-over-year growth of approximately 11% to 14%. Adjusted EBITDA is expected to be in the range of $2.5 million to $3.5 million, or a margin as a percentage of revenue ex-TAC of 10% to 13%. For the full year 2021, the Company currently expects: Revenue in the range of $194 million to $200 million, which represents year-over-year growth of approximately 17% to 21%. Revenue ex-TAC in the range of $131 million to $136 million, which represents year-over-year growth of approximately 19% to 23%. Adjusted EBITDA in the range of $22 million to $25 million, or a margin as a percentage of revenue ex-TAC of 17% to 18%.