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Viant(DSP) - 2024 Q2 - Quarterly Report
2024-08-12 20:47
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_______to_______ Commission File Number: 001-40015 ________________________________________________________________________________________________________________________ ...
Viant(DSP) - 2024 Q2 - Quarterly Results
2024-08-12 20:32
Exhibit 99.1 Viant Technology Announces Second Quarter 2024 Financial Results IRVINE, Calif., Aug. 12, 2024 – Viant Technology Inc. (Nasdaq: DSP), a leading advertising technology company, today reported financial results for its second quarter ended June 30, 2024. "We are very pleased with our second quarter results, marked by record advertiser spend on our platform," said Tim Vanderhook, CoFounder and CEO, Viant. "We are seeing a market shift where advertisers are increasingly looking for alternatives to ...
Is the Options Market Predicting a Spike in Viant (DSP) Stock?
ZACKS· 2024-06-14 12:11
Investors in Viant Technology Inc. (DSP) need to pay close attention to the stock based on moves in the options market lately. That is because the Jul 19, 2024 $2.50 Put had some of the highest implied volatility of all equity options today. Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event ...
Viant Technology: AI To Drive Profitability And The Stock
Seeking Alpha· 2024-06-10 13:14
LukaTDB/E+ via Getty Images Viant Technology's Business Background Viant Technology's solutions have been experiencing strong demand from key markets. The largest impact for Viant was the CTV (connected TV) market. Viant increased revenue by 28% in Q1 2024 over Q1 2023. Viant stated that this was driven by a 50% year-over-year increase in the CTV market. Viant is growing market Viant's Attractive Valuation Viant Technology (DSP) Weekly Stock Chart with RSI (TradingView) My opinion is that Viant will continu ...
Are Business Services Stocks Lagging Viant Technology (DSP) This Year?
ZACKS· 2024-06-06 14:46
The Business Services group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Viant Technology (DSP) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out. Viant Technology is a member of the Business Services sector. This group includes 316 individual stocks and currently holds a Za ...
Surging Earnings Estimates Signal Upside for Viant (DSP) Stock
zacks.com· 2024-05-17 17:21
Viant Technology (DSP) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. While the stock has been gaining lately, the trend might continue since its earnings outlook is still improving. The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this advertising software company, should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earn ...
Wall Street Analysts See a 25.79% Upside in Viant (DSP): Can the Stock Really Move This High?
Zacks Investment Research· 2024-05-14 14:56
Viant Technology (DSP) closed the last trading session at $8.88, gaining 0.6% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $11.17 indicates a 25.8% upside potential. The mean estimate comprises six short-term price targets with a standard deviation of $2.40. While the lowest estimate of $7 indicates a 21.2% decline from the current price level, the most optimistic analyst expect ...
Viant(DSP) - 2024 Q1 - Earnings Call Transcript
2024-05-01 02:10
Financial Data and Key Metrics - Revenue for Q1 2024 was $53.4 million, a 28% increase year-over-year, exceeding the high-end of guidance [11] - Contribution ex-TAC for Q1 was $34.1 million, up 22% year-over-year, above the midpoint of guidance [11] - Adjusted EBITDA for Q1 was $3.1 million, above the high-end of guidance and a $3.5 million increase from the prior year [12] - Adjusted EBITDA margin as a percentage of contribution ex-TAC was 9%, a 10 percentage point improvement year-over-year [12] - The company ended Q1 with $206 million in cash and cash equivalents, $227 million in positive working capital, and no debt [62] Business Line Performance - CTV grew over 50% year-over-year and represented over 40% of total ad spend on the platform [32] - Streaming audio achieved record spend levels, nearly doubling year-over-year, and accounted for 10% of total ad spend [6][32] - Video, including CTV, represented 60% of total ad spend on the platform in Q1 [61] - Over 50% of CTV spend in Q1 was through the Direct Access program, up from over 40% in Q4 [59] Market Performance - CTV and streaming audio together represented more than half of total ad spend on the platform in Q1 [71] - The company is capturing market share in CTV due to its Direct Access program, which connects customers directly with premium CTV inventory from Disney and Paramount [5][30] - Streaming audio is gaining momentum due to its scale, premium content, and targeting capabilities [6][86] Strategic Direction and Industry Competition - The company's vision for autonomous advertising includes simplifying programmatic ad buying, leveraging AI-driven automation, and providing comprehensive campaign reporting [8] - The Household ID technology is a key differentiator, enabling superior campaign performance across all channels [7][69] - The company is investing in AI-based features and products, including AI Bid Optimizer 2.0 and Chat with Data, to drive efficiency and higher return on ad spend [9][74][98] - The company expects to continue outpacing overall market growth, with contribution ex-TAC growing faster than non-GAAP operating expenses [79] Management Commentary on Operating Environment and Future Outlook - The company expects Q2 2024 revenue to be in the range of $63.5 million to $66.5 million, representing a 14% year-over-year increase [34] - Contribution ex-TAC for Q2 is expected to be in the range of $40 million to $42 million, representing 22% year-over-year growth [34] - The company expects adjusted EBITDA for Q2 to be in the range of $8 million to $9 million, a 25% year-over-year increase [63] - The company remains optimistic about its prospects, with a large pipeline of highly scalable advertisers and strong customer adoption of its newer products [78][79] Other Important Information - The company has authorized a share repurchase program of up to $50 million of its common shares [102] - The company has a strong partnership with Roku, leveraging the Roku ID match to the Viant Household ID [105] - The company has made progress in the political advertising category, with high hopes for revenue growth in this vertical [51] Q&A Session Summary Question: Linearity of demand in Q1 and visibility into the back half of 2024 - Demand in Q1 built throughout the quarter, with each month being better than the prior month [16] - The company expects to continue outpacing the market, with U.S. programmatic growth expectations in the 15% to 16% range [82] Question: Drivers behind the growth in streaming audio - Streaming audio benefits from high ad recall rates, dedicated listeners, and increasing supply from major audio platforms [40][108] Question: Expansion of the Direct Access program beyond Disney and Paramount - The company is focused on adding more premium CTV partners and expects this trend to continue throughout the year [46] Question: Impact of Google's delay in cookie deprecation - The company remains focused on making programmatic ad buying easy and efficient, with less than 10% of ad spend utilizing cookies across its platform [84] Question: Growth in the political advertising category - The company has made significant progress in political advertising and expects digital to be a significant beneficiary this year [51] Question: Success in moving upstream with mid-market customers - The company is seeing increased spend from mid-market customers due to strong results and word-of-mouth referrals [113]
Viant(DSP) - 2024 Q1 - Earnings Call Presentation
2024-05-01 00:19
1 SAFE HARBOR ▪ Adjusted EBITDA outperformance was driven by strong top-line growth and controlled growth in expenses, creating meaningful operating leverage which resulted in a 10 percentage point EBITDA margin(1) improvement YoY VIANT. April 30, 2024 2 +$3.8 million Note: Amounts shown are rounded for ease of presentation. Please refer to the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2024, for the Company's actual financial results. Contribution ex-TAC, non-GAAP operating exp ...
Viant(DSP) - 2024 Q1 - Quarterly Report
2024-04-30 20:45
OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_______to_______ Commission File Number: 001-40015 ______________________________________________________________________________________________________________________________________________________ Viant Technology Inc. (Exact name of registrant as specified in its charter) _____________________________________________________________________________________________________________ ...