The Business Services group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Viant Technology (DSP) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Business Services peers, we might be able to answer that question.Viant Technology is a member of the Business Services sector. This group includes 314 individual stocks and currently holds a Zacks Sector Rank of #5. The Zacks Secto ...

Three underdog businesses have surfaced as strong rivals in the ever-changing stock market, with plans to take the lead in each by 2030. These have placed themselves in a smart position to profit from growing industries and new trends. The first one’s asset base and revenue streams have significantly expanded with the recent acquisition of a multifamily platform. This action demonstrates the company’s dedication to diversifying its portfolio for long-term growth, further improving its position in the real e ...

In an era of fast technological innovation and fluctuating market landscapes, spotting the next big investment opportunity is like traversing a maze of unknowns. Despite the complexity, there are lights of invention that promise to survive the storm and thrive in its midst. Here are three disruptive stocks, pioneering businesses that rewrite the rules of conventional sectors. They are paving the road for exceptional growth and market dominance.These stocks represent the unique industries of advertising tech ...

Financial Data and Key Metrics - Revenue for Q4 2023 grew 18% YoY to $64 4 million, while contribution ex-TAC grew 28% YoY to $42 6 million [14][58] - Adjusted EBITDA for Q4 2023 increased nearly 400% YoY, with adjusted EBITDA margin reaching 31% [14][107] - Full-year 2023 revenue totaled $222 9 million, up 13% YoY, with contribution ex-TAC at $143 4 million, up 15% YoY [54] - Non-GAAP operating expenses for 2023 decreased by over 13% YoY to $114 3 million, while adjusted EBITDA increased by $35 2 million YoY to $29 1 million [54][79] - The company achieved the Rule of 40 in Q4 2023, with contribution ex-TAC growth of 28% and adjusted EBITDA margins of 31% [92] Business Line Data and Key Metrics - Connected TV (CTV) represented nearly 40% of total ad spend on the platform in Q4 2023, making it the largest channel [38][104] - Over 40% of CTV spend in Q4 2023 was through the Direct Access program, up from over 25% in Q3 2023 [21] - Video formats, including mobile video and CTV, accounted for nearly 60% of total platform spend in Q4 2023 [61] - Streaming audio also showed strong growth, representing nearly 10% of overall spend in Q4 2023 [104] - The Viant Data platform saw early adoption, with 7 out of the top 10 customers using it in 2023 [49] Market Data and Key Metrics - The company is seeing strong momentum in retail, consumer goods, healthcare, travel, and public services verticals [82] - The mid-market segment continues to drive growth, with customers scaling their advertising budgets on the platform [56][80] - The number of percentage spend customers generating at least $500,000 of contribution ex-TAC increased by over 30% YoY in 2023 [60] - Contribution ex-TAC across the top 100 customers grew by over 20% YoY in 2023 [63] Company Strategy and Industry Competition - The company is focused on integrating AI and machine learning into its platform to improve customer experience and drive efficiency [26][27] - Viant's Household ID technology is a key differentiator, with over 90% of CTV ad spend on the platform utilizing it [18][101] - The company is prioritizing larger mid-market customers with significant long-term value over smaller, lower-spending customers [84][85] - Viant is one of only two buy-side-only demand-side platforms in the market, providing a competitive advantage [37][111] - The company is leveraging its Direct Access program to partner with major CTV content owners, offering better pricing and addressability for customers [41][42] Management Commentary on Operating Environment and Future Outlook - Management highlighted the accelerating momentum across the business, driven by the strategic role in the programmatic ad ecosystem [15] - The company expects continued growth in 2024, with Q1 revenue guidance of $49 million to $52 million, representing 21% YoY growth at the midpoint [89] - Adjusted EBITDA for Q1 2024 is expected to be in the range of $2 million to $3 million, a YoY increase of $2 9 million at the midpoint [90] - Management is optimistic about the opportunities in CTV, especially as cookie deprecation drives marketers to re-platform their budgets [6][7] - The company is focused on sustainability, achieving carbon-neutral status in 2023 and launching the Adtricity program to help customers quantify their carbon footprint [24][44] Other Important Information - The company's AI Bid Optimizer product has seen strong adoption, helping customers achieve 35% average savings on CPMs [47] - Viant's AI product suite won the 2024 Innovation Award from the Business Intelligence Group [23] - The company plans to launch the second generation of AI Bid Optimizer in summer 2024, expected to deliver even higher savings [28] - Viant's Household ID technology has lower instances of fraud, higher accuracy, and superior measurement capabilities compared to cookie-based solutions [40][101] Q&A Session Summary Question: How does Viant's Household ID compare to Google's Privacy Sandbox and Trade Desk's UID 2 0? - Viant's Household ID is not limited to the Chrome ecosystem and ties both e-commerce and in-store transactions, offering broader measurement capabilities [99][100] - Over 90% of CTV ad spend on Viant's platform utilizes Household ID, providing significant scale compared to other solutions [101] Question: What is the impact of Direct Access on CPMs? - Direct Access allows marketers to achieve lower CPMs while publishers see higher CPMs, with CTV CPMs increasing by up to 20% [121][122] Question: How is Viant positioned to sustain 20% revenue growth in 2024? - The company is confident in its ability to grow faster than the market, driven by its strong customer pipeline and focus on mid-market customers [148][166] Question: What are the expectations for the second generation of AI Bid Optimizer? - The second generation aims to deliver even higher cost savings for customers and improve automation features, with a focus on customer happiness [154][174] Question: How far can Direct Access grow in CTV? - Direct Access could potentially reach over 80% of CTV spend, driven by customer preference for direct integrations [176][180] Question: What has been the impact of cookie deprecation so far? - The company has seen a mindset shift among marketers, with increased activity and decision-making as cookie deprecation becomes a reality [144][181]

Viant Technology (DSP) came out with quarterly earnings of $0.14 per share, beating the Zacks Consensus Estimate of $0.11 per share. This compares to loss of $0.15 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 27.27%. A quarter ago, it was expected that this advertising software company would post earnings of $0.07 per share when it actually produced earnings of $0.08, delivering a surprise of 14.29%.Over the last four quart ...

Exhibit 99.1 Viant Technology Announces Fourth Quarter and Full Year 2023 Financial Results IRVINE, Calif., Mar. 4, 2024 – Viant Technology Inc. (Nasdaq: DSP), a leading people-based advertising technology company, today reported financial results for its fourth quarter and full year ended December 31, 2023. "Our strong fourth quarter results capped off a year of accelerating growth and innovation at Viant," said Tim Vanderhook, Co- Founder and CEO, Viant. "With the impending deprecation of cookies, I belie ...

FISCAL YEAR 2023 ANNUAL FINANCIAL REPORT UNITED STATES ________________________________________________ SECURITIES AND EXCHANGE COMMISSION Commission File Number: 001-40015 __________________________________________________________________________ Viant Technology Inc. (Exact name of registrant as specified in its charter) _____________________________________________________________________________ (State or other jurisdiction of incorporation or organization) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d ...

IRVINE, Calif.--(BUSINESS WIRE)--Viant Technology Inc. (NASDAQ: DSP), the leading people-based advertising technology company, today released its first Sustainability Report for the calendar year 2023. The Viant Sustainability Report recaps Viant’s efforts to decarbonize digital advertising last year, fostering better measurement, improved efficiency and facilitating investment in renewable energy. Viant also achieved a significant milestone by attaining carbon neutrality for the calendar year 2023. Vian ...

COSTA MESA, Calif., Feb. 13, 2024 (GLOBE NEWSWIRE) -- El Pollo Loco Holdings, Inc. ("El Pollo Loco" or the "Company") (NASDAQ:LOCO) announced today that its Board of Directors has appointed Elizabeth ("Liz") Williams as the Company's new Chief Executive Officer and as a member of its Board of Directors, effective March 11, 2024. Ms. Williams will succeed Maria Hollandsworth, who has served as the Company's interim Chief Executive Officer since November 3, 2023. Ms. Hollandsworth has been appointed as Presid ...

Financial Data and Key Metrics - Revenue for Q3 2023 was $59.6 million, a 22% increase YoY [83] - Contribution ex TAC for Q3 was $39.1 million, also a 22% increase YoY and 16% higher than Q2 [83] - Non-GAAP net income for Q3 was $7.6 million, compared to a non-GAAP net loss of $4.4 million in the prior year period [61] - Adjusted EBITDA for Q3 was $9.7 million, a significant increase from the prior year period [86] - Revenue per employee increased by 32% in Q3, indicating improved organizational efficiency [60] - Q4 2023 revenue is expected to be in the range of $64 million to $67 million, representing a 20% YoY increase at the midpoint [62] Business Line Data and Key Metrics - Connected TV (CTV) represented more than 1/3 of total ad spend on the platform in Q3, retaining its status as the fastest-growing channel [59] - Over 25% of CTV spend in Q3 was through Direct Access publishers, a figure that continues to grow [81] - Video, including mobile video and CTV, accounted for well over half of the spend on the platform during the quarter [43] - Streaming audio experienced strong double-digit growth in Q3 [85] - Advertiser spend per active customer increased 11% on a trailing 12-month basis [85] Market Data and Key Metrics - The company is benefiting from the ongoing migration of approximately $60 billion of linear television advertising moving into connected TV [28] - The company's Household ID technology is available on over 85% of all ad requests, enabling addressable advertising and attribution in a cookieless environment [36] - The company's Direct Access program is focused on CTV, providing a more cost-efficient direct path to premium inventory [70][81] Company Strategy and Industry Competition - The company is leveraging AI to develop the most advanced DSP in the market, focusing on simplifying and automating the platform to expand its addressable market [37][38] - The company's AI Bid Optimizer solution has seen strong adoption, with over half of customers utilizing it and achieving an average savings of 35% on CPMs [50][51] - The company is focusing on mid-market advertisers, offering best-in-class products supported by industry-leading AI to win larger shares of budgets [28][79] - The company is well-positioned to benefit from Google's deletion of cookies in 2024, with its Household ID technology offering a scalable and proven solution [76] Management Commentary on Operating Environment and Future Outlook - The company sees a number of favorable drivers for the business, including the ongoing shift from linear TV to CTV and the application of AI [28][35] - The company expects to continue its momentum in Q4, benefiting from the stabilization in the U.S. advertising environment [46] - The company believes that the deletion of cookies by Google will accelerate the growth of ad spend flowing through its platform [76] - The company is confident in the sustainability of its progress, driven by the substantial role of AI in enhancing productivity [60] Other Important Information - The company ended Q3 with $203 million in cash and cash equivalents, $227 million of positive working capital, and no debt [87] - The company has access to a $75 million undrawn credit facility, providing a solid financial foundation [87] - The company's Rule of 40 metric was 47% in Q3 and is expected to increase to 52% in Q4 based on the midpoint of guidance [63] Q&A Session Summary Question: Impact of customer count decline and traction with mid-market agencies [3] - The company is focusing on mid-market customers, with solutions around CTV, Direct Access, and measurement driving new customer acquisition and growth [92] Question: Impact of cookie deletion and positioning of the sales force [14] - The company's Household ID technology is well-positioned to handle the signal loss due to cookie deletion, with no disruption expected [11] - The company is discussing the topic with brands and agencies, focusing on measurement solutions to drive customer adoption [14] Question: Monthly progression of the quarter and impact of Middle East conflict on CTV trends [17] - The quarter saw steady growth, with the last month being the biggest, and no significant impact from the Middle East conflict [126] Question: CTV growth potential with Direct Access adoption [127] - Direct Access is expected to continue growing, with over 25% of CTV spend already through the program, driven by financial and operational efficiencies [128] Question: Impact of AI tools on the P&L [107] - AI tools like Bid Optimizer are both revenue drivers and differentiators, helping to win incremental business and increase contribution ex TAC [107] Question: Tailoring go-to-market strategy for novice users [96] - The company is focusing on simplifying the platform and making it more accessible, particularly for mid-market and SMB customers [113] Question: Behavior of Household ID technology with potential IP signal loss [99] - The company's Household ID technology is not tied to IP addresses but to physical household data points, making it resilient to IP signal loss [11]