Overview

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

s s

Estimate

Q2 Miss $77.85 $78 mln

Revenue mln (8

Analysts

)

Q2 Net $1.79

Income mln

Q2 $77.84

Operatin mln

g

Expenses

Q2 $12,000

Operatin

g Income

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 ( DSP ) 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:

(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.)