GICS Sector : Technology
Viant Technology Inc.operates as an advertising software company.It provides Adelphic, an enterprise software platform that enables marketers and their advertising agencies to plan, buy, and measure advertising across channels, including desktop, mobile, connected and linear TV, in-game, streaming audio, and digital billboards.
Viant Technology Inc. reported a revenue of $85.6 million for Q3, a 7% increase year-over-year and 10% increase quarter-over-quarter. Contribution ex TAC totaled $53 million, up 12% compared to the prior year period and up 10% sequentially. Adjusted EBITDA for Q3 was $16 million, exceeding guidance by 7% and growing 9% year-over-year and 42% sequentially. The earnings per share (EPS) came in at $0.12, slightly below estimates of $0.13.
Publication Date: Nov -26
Growth was driven by new customer wins, accelerating CTV demand, surging streaming audio demand, and greater adoption of Viant's addressability solutions and Viant AI product suite. CTV remained a core growth driver, accounting for a record high of 46% of total platform spend. The company's Household ID and Iris ID solutions continue to see strong utilization, with Household ID identifying approximately 95% of US households and Iris ID available across roughly 80% of all biddable ad inventory.
Viant made progress across key strategic priorities: CTV, addressability, and Viant AI. The company secured a multiyear partnership with Molson Coors, a flagship win that showcases Viant's autonomous advertising platform. Viant AI's rollout continues, with AI bidding automating 85% of ad spend on the platform and AI planning enabling advertisers to create campaigns in seconds.
The company expects Q4 revenue of $101.5 million to $104.5 million and contribution ex TAC of $62 million to $64 million, with a headwind from political ad spend. Analysts estimate next year's revenue growth at 18.2%. With a P/S Ratio of 0.52 and EV/EBITDA of 1.65, the market seems to have priced in moderate growth expectations. The ROE of 17.01% indicates a relatively healthy return on equity.
Viant takes a different approach, focusing on being a buy-side only platform, providing an objective solution. The company's advanced household ID capabilities and AI bidding set it apart from competitors like Trade Desk, Google, and Yahoo. The CTV growth rate is expected to stay high, driven by the increasing importance of streaming and the company's strong position in the market.
Why Viant Technology Stock Was Soaring Today
Nov -11
Viant Technology Inc. (DSP) Q3 2025 Earnings Call Transcript
Nov -11
Viant Technology (DSP) Q3 Earnings Miss Estimates
Nov -11
Viant Technology Announces Third Quarter 2025 Financial Results
Nov -10
Viant Expands Direct Access in CTV with Magnite SpringServe Integration
Nov -06
Viant Named the Ad Platform Partner for Molson Coors
Nov -05
Viant Announces Date of Third Quarter 2025 Financial Results and Conference Call
Oct -22
Viant and Tubi Expand Partnership to Drive Performance in CTV
Oct -02
Adelphic's 12.03% growth is driven by increasing demand for people-based marketing, expansion into new markets, and strategic partnerships. The company's focus on data-driven advertising and cross-channel campaign management also contributes to its growth. Additionally, Viant Technology's investment in Adelphic's product development and sales infrastructure has enabled the company to capitalize on emerging trends in digital marketing.
A people-based demand-side platform (DSP) that enables advertisers to reach their target audiences across multiple devices and channels
A people-based identifier that allows advertisers to target and measure their campaigns at the household level
A connected TV (CTV) advertising platform that enables advertisers to reach their target audiences on streaming devices and smart TVs
A data management platform (DMP) that enables advertisers to collect, organize, and activate their first-party data
A people-based identity graph that enables advertisers to recognize and target their customers across multiple devices and channels
Viant Technology Inc. operates in a niche market with limited substitutes, but the threat of substitutes is still present due to the evolving nature of the technology industry.
Viant Technology Inc. has a diverse customer base, which reduces the bargaining power of individual customers. Additionally, the company's products and services are highly customized, making it difficult for customers to switch to alternative providers.
Viant Technology Inc. relies on a few key suppliers for critical components, which gives them some bargaining power. However, the company's strong relationships with suppliers and its ability to negotiate favorable terms mitigate this risk.
The technology industry is highly competitive, and new entrants can easily disrupt the market. Viant Technology Inc. must continuously innovate and improve its products and services to stay ahead of potential new entrants.
The technology industry is highly competitive, and Viant Technology Inc. faces intense rivalry from established players and new entrants. The company must focus on differentiating its products and services to maintain its market share.
| Value | |
|---|---|
| Debt Weight | 27.15% |
| Debt Cost | 3.95% |
| Equity Weight | 72.85% |
| Equity Cost | 7.39% |
| WACC | 6.46% |
| Leverage | 37.26% |
Value: 0.9
Growth: 8.7
Quality: 7.6
Yield: 1.0
Momentum: 9.5
Volatility: 5.0
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Value: 6.2
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Growth: 6.3
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