Record First Quarter Results
Viant Technology delivered record first quarter results, outperforming guidance across all key financial metrics. Revenue increased 32% year-over-year, and contribution ex-TAC increased 25% year-over-year.
Strong Growth in CTV and Addressability Solutions
CTV demand was a major driver of top-line growth, with over 45% of total spend on the platform allocated to CTV. Viant's Addressability Solutions, including Household ID and IRIS ID, also saw significant adoption.
Adjusted EBITDA Growth
Adjusted EBITDA increased 76% year-over-year to $5.4 million in Q1, marking the ninth consecutive quarter of greater than 30% year-over-year growth in adjusted EBITDA.
Successful AI Bidding and Planning
AI Bidding now automates 85% of ad spending, up from 80% in Q4 2024, with contribution ex-TAC from AI Bidding up 75% year-over-year. AI Planning has enabled advertisers to create enterprise-level ad campaigns more efficiently.
Significant New Customer Growth
New customer momentum remains strong, with a 37% increase in the number of customers generating over $1 million in contribution ex-TAC.
Strong Financial Position
Viant ended the quarter with $174 million in cash and no debt, along with a $75 million undrawn credit facility.