Overview

* Viant ( DSP ) 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 ( DSP ) 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/Mis Actual Consensu

s s

Estimate

Q3 Slight $85.58 $85.52

Revenue Beat* mln mln (10

Analysts

)

Q3 Beat $11.21 $1.90

Adjusted mln mln (9

Net Analysts

Income )

Q3 $4.23

Operatin mln

g Income

*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 ( DSP ) 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:

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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.)