Viant Q3 adjusted net income sails above estimates on robust CTV demand

Viant Technology

10/11/2025 21:36

Overview

Viant Q3 revenue slightly beats analyst expectations, growing 7% yr/yr

Adjusted net income for Q3 beats estimates, reflecting strong performance

Company signed multi-year partnership with Molson Coors for programmatic ad campaigns

Outlook

Company expects Q4 2025 revenue between $101.5 mln and $104.5 mln

Viant projects Q4 contribution ex-TAC between $62 mln and $64 mln

Company anticipates Q4 adjusted EBITDA margin of 37%

Result Drivers

CTV AD SPEND - Record CTV ad spend accounted for 46% of total ad spend, driving revenue growth

BRAND PARTNERSHIPS - New partnerships, including with Molson Coors, contributed to growth

ADDRESSABILITY SOLUTIONS - Adoption of Household ID and IRIS_ID supported revenue growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Slight Beat*
$85.58 mln
$85.52 mln (10 Analysts)
Q3 Adjusted Net Income
Beat
$11.21 mln
$1.90 mln (9 Analysts)
Q3 Operating Income
$4.23 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the software peer group is "buy"

Wall Street's median 12-month price target for Viant Technology Inc is $18.00, about 52.2% above its November 7 closing price of $8.60

The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 62 three months ago

Press Release: ID:nBw5QSsnza

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)