NASDAQ$DSP

Viant Technology Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Viant reported strong Q4 2023 results, driven by growth and innovation.

Viant Technology Inc. reported financial results for the fourth quarter and full year ended December 31, 2023. The company's Q4 revenue was $64.406 million, a 18% increase year-over-year. Net income attributable to Viant Technology Inc. was $626 thousand, compared to a loss of $2.193 million in the same quarter last year. Adjusted EBITDA was $13.007 million, a 395% increase year-over-year.

  • Viant's AI product suite won the Business Intelligence Group's 2024 Innovation award.
  • Strong, double-digit CTV growth in Q4 was driven by Household ID technology and Direct Access program.
  • Customers with greater than $1 million in contribution ex-TAC increased over 20% in FY 2023.
  • Viant achieved carbon neutrality for calendar year 2023.

Headline financials

Total Revenue

$64.4M

Previous: $54.5M+18.2%
EPS (adj)

$0.14

Previous: -$0.15+193.3%
Adjusted EBITDA

$13M

Previous: $2.6M+400.3%
Contribution ex-TAC

$42.6M

Previous: $33.4M+27.5%
Capital Expenditures

-$3.82M

Previous: $205K-1961.5%
Net Income

$3.31M

Previous: -$8M+141.3%
Operating Income

$882K

Previous: -$9.21M+109.6%
Gross Profit

$31.8M

Previous: $22.5M+41.1%
R&D Expense

$6.14M

No prior period
Stock-Based Comp

$7.56M

Previous: $7.05M+7.2%

Revenue & EPS history

Viant · Revenue · Quarterly

$64.4M

Q4 2023+18.2%vs Q4 2022
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 first quarter 2024, the Company expects revenue in the range of $49.0 million to $52.0 million, contribution ex-TAC in the range of $33.0 million to $35.0 million, non-GAAP operating expenses in the range of $31.0 million to $32.0 million and Adjusted EBITDA in the range of $2.0 million to $3.0 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 2023

Historical avgQ4 2023

-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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