NASDAQ$DSP

Viant Technology Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Reported financial results within guidance or better, driven by customers shifting budgets to its omnichannel, people-based advertising platform.

Viant Technology Inc. reported a revenue of $54.5 million for Q4 2022, a decrease of 34% year-over-year. The company experienced a net loss of $8.0 million, compared to a net income of $7.5 million in the same quarter of the previous year. Despite macroeconomic pressures, Viant focused on technology investments, particularly in AI and CTV infrastructure.

  • Revenue decreased by 34% to $54.5 million.
  • Net loss was $8.0 million, a significant shift from the $7.5 million net income in Q4 2021.
  • Contribution ex-TAC decreased by 31% to $33.4 million.
  • Adjusted EBITDA was $2.6 million, a decrease from $17.4 million in Q4 2021.

Headline financials

Total Revenue

$54.5M

Previous: $82.7M-34.1%
EPS (adj)

-$0.15

Previous: $0.17-188.2%
Adjusted EBITDA

$2.6M

Previous: $17.4M-85.1%
Contribution ex-TAC

$33.4M

Previous: $48.4M-31.0%
Capital Expenditures

$205K

Previous: $55K+272.7%
Free Cash Flow

$9.58M

Previous: -$1.48M+749.4%
Net Income

-$8M

Previous: $1.56M-614.1%
Operating Income

-$9.21M

Previous: $7.69M-219.8%
Gross Profit

$22.5M

Previous: $38.1M-41.0%
Cash & Equivalents

$207M

Previous: $238M-13.4%
Total Assets

$378M

Previous: $389M-2.9%
Stock-Based Comp

$7.05M

Previous: $6.63M+6.3%

Revenue & EPS history

Viant · Revenue · Quarterly

$54.5M

Q4 2022-34.1%vs Q4 2021
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 first quarter 2023, the Company expects revenue in the range of $39.0 million to $42.0 million, contribution ex-TAC in the range of $25.5 million to $27.5 million, non-GAAP operating expenses of approximately $30.0 million and adjusted EBITDA in the range of $(4.5) million to $(2.5) million

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 Q4 2022

Historical avgQ4 2022

-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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