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Viant Technology Q3 revenue rises 29% on CTV advertiser strength 

By Reuters News


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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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

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