Viant Technology Shares Soar After Exceeding Earnings Expectations
Investing.com – Viant Technology Inc. (NASDAQ: DSP), a programmatic advertising company powered by artificial intelligence, saw its stock surge 5.8% in after-hours trading on Monday following the release of its third-quarter earnings report that comfortably surpassed analyst predictions.
Strong Q3 Performance
Viant reported an adjusted earnings per share (EPS) of $0.06, beating analysts’ estimates of $0.05. The company posted revenue of $85.58 million, significantly outperforming the consensus forecast of $52.07 million. This represented a 7% increase compared to the same period last year. A key performance metric, contribution ex-TAC (traffic acquisition cost), rose 12% year-over-year to reach $52.99 million.
Tim Vanderhook, Co-founder and CEO of Viant, commented on the impressive results: “Viant delivered record results in the third quarter, with revenue, contribution ex-TAC, and adjusted EBITDA all exceeding the midpoint of our guidance. We believe we are well positioned to accelerate revenue growth, driven by strengthening connected TV demand and broader adoption of our proprietary addressability solutions.”
Impact of Seasonality and Political Spending
The company noted that excluding political spending and the impact of a seasonal advertiser leaving the platform due to a corporate merger, revenue growth would have been 19% with contribution ex-TAC increasing 22%. Advertising on connected TV reached record levels, now accounting for 46% of total advertising spend on Viant’s platform—a clear indicator of the accelerating shift towards digital TV advertising.
Optimistic Outlook for Q4
Looking ahead, Viant projects fourth-quarter revenue between $101.5 million and $104.5 million, with contribution ex-TAC expected to range from $62 million to $64 million. Adjusted EBITDA guidance stands between $22.5 million and $23.5 million.
Larry Madden, Viant’s Chief Financial Officer, expressed confidence in the company’s growth trajectory: “For the fourth quarter, excluding the same headwinds, we anticipate revenue and contribution ex-TAC growth of 20% and 21%, respectively, at the midpoint of our guidance, underscoring the continued momentum in our business.”
New Major Commercial Partnership
In a significant development, Viant announced it was selected as the Advertising Platform for Molson Coors. Starting in 2026, Molson Coors will utilize Viant’s platform to manage its programmatic advertising campaigns across the United States, highlighting Viant’s expanding footprint in the advertising sector.
This latest earnings report and strategic partnership signal strong momentum for Viant Technology as it capitalizes on the growing demand for AI-driven advertising solutions, particularly in the connected TV space.
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