Viant Revenue Jumps 29% to $110.428 Million in Third Quarter
Key Facts
Viant Technology reported results on November 9 for the third quarter ended September 30, with revenue of $110.428 million, up 29% year over year. Revenue rose from $85.582 million in the year-earlier quarter, according to the company’s filing with the U.S. Securities and Exchange Commission. But GAAP net income fell 49% to $2.618 million from $5.153 million a year earlier. Diluted GAAP earnings per share were $0.00. Adjusted diluted earnings per share were $0.13, compared with $0.12 in the third quarter of 2025.
On activity and operating-profitability metrics, the measure that excludes the company’s traffic acquisition costs rose 27% to $67.234 million. Adjusted earnings before interest, taxes, depreciation and amortization increased 24% to $19.830 million. Chief Executive Officer Tim Vanderhook said the company posted record third-quarter results, exceeding the high end of its guidance ranges for both metrics. The company quoted Vanderhook as saying: "Viant delivered record third-quarter results, exceeding the high end of our guidance ranges for contribution ex-TAC and adjusted EBITDA." The results reflect two different trends in the same quarter: growth in revenue and operating metrics, alongside a decline in GAAP net income.
According to Investing.com, adjusted earnings per share of $0.13 topped analysts’ estimate of $0.05 by $0.08. The site said revenue of $110.42 million exceeded the consensus estimate of $66.16 million. That comparison differs from the GAAP net income and earnings-per-share figures, which were $2.618 million and $0.00, respectively. After the results were released, the company’s shares, traded under the ticker DSP, closed at $14.04 on November 9. Data on the article page showed the stock up 9.30% that day.
Connected TV activity was among the performance indicators the company highlighted in its previous filing for the second quarter. Advertiser spending in the segment exceeded the previous record and accounted for more than 50% of total advertiser spending on the platform that quarter. More than 80% of connected TV spending was delivered through the direct access service, compared with more than 50% in the first quarter of 2026. These figures come as the company’s operating metric expanded, rising 27% in the third quarter to $67.234 million. The chief executive also linked the third-quarter performance to exceeding the high end of the company’s guidance for this metric.
For the fourth quarter, Viant expects revenue of between $130.5 million and $133.5 million, contribution ex-TAC of between $80.5 million and $82.5 million, and adjusted EBITDA of between $31 million and $32 million. At the midpoint of its guidance ranges, the company expects contribution ex-TAC to grow 26%, adjusted EBITDA to increase 27%, and its margin to expand to 39%. Based on the midpoint of fourth-quarter guidance, it expects fiscal 2026 revenue of about $435 million, up 26%, and adjusted EBITDA of about $75 million, up 31%. The company also announced a $50 million increase in its share repurchase authorization, bringing the total authorization since the program began to $150 million, with $70.8 million remaining available. The company had scheduled a call to discuss the results for November 9, 2026, at 2:00 p.m. Pacific Time, or 5:00 p.m. Eastern Time.