Viant Technology Q2 revenue narrowly misses estimates

Viant Technology

11/08/2025 21:33

Overview

Viant Technology Inc Q2 revenue grows 18% yr/yr, misses analyst expectations, per LSEG data

The AI-powered programmatic advertising firm's adjusted EBITDA for Q2 grows 18% yr/yr

Record CTV ad spend, accounting for 45% of total ad spend

Outlook

Viant expects Q3 revenue between $83.5 mln and $86.5 mln

Company anticipates Q3 contribution ex-TAC of $51.0 mln to $53.0 mln

Viant forecasts Q3 adjusted EBITDA of $14.0 mln to $15.0 mln

Company sees Q3 non-GAAP operating expenses at $37.0 mln to $38.0 mln

Result Drivers

CTV AD SPEND - Record CTV advertiser spend accounted for 45% of total ad spend, driving revenue growth

AI PRODUCT SUITE - Launch of AI Measurement and Analysis phase in ViantAI product suite enhanced reporting capabilities

ADDRESSABILITY SOLUTIONS - Expansion of audience and content addressability solutions increased engagement with major U.S. advertisers

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$77.85 mln
$78 mln (8 Analysts)
Q2 Net Income
$1.79 mln
Q2 Operating Expenses
$77.84 mln
Q2 Operating Income
$12,000


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "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 $22.00, about 43.3% above its August 8 closing price of $12.47

The stock recently traded at 58 times the next 12-month earnings vs. a P/E of 85 three months ago

Press Release: ID:nBw233Y5za

(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.)