Viant Technology Q3 revenue rises 29% on CTV advertiser strength
Overview
AI advertising platform's Q3 revenue rose 29%, beating analyst expectations
Company raised share repurchase authorization by $50 mln to $150 mln
Outlook
Viant expects Q4 revenue between $130.5 mln and $133.5 mln
Company sees Q4 adjusted EBITDA of $31 mln to $32 mln
Viant forecasts full-year 2026 revenue of about $435 mln, up 26% year-over-year
Result Drivers
CTV ADVERTISER SPEND - Connected TV advertiser spend rose nearly 40% and accounted for over half of total advertiser spend on the platform in Q3
AI PLATFORM INTEGRATIONS - Co established direct integrations with AI models including Claude, ChatGPT, and Cursor, enabling advertisers to manage campaigns via natural language prompts
WAYMARK ACQUISITION - Acquisition of Waymark, a generative AI video creative production platform, expanded co's services for CTV advertisers
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $110.43 mln | $109.29 mln (9 Analysts) |
Q3 Adjusted Net Income | Beat | $13.43 mln | |
Q3 Operating Income | $1.87 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "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 $19.00, about 47.9% above its November 6 closing price of $12.85
The stock recently traded at 36 times the next 12-month earnings vs. a P/E of 26 three months ago
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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.)