Record-Breaking Revenue and Growth
Viant Technology Inc. reported a 7% year-over-year increase in revenue and a 12% increase in contribution ex TAC, both exceeding the midpoint of their guidance range. Excluding temporary items like political advertising, revenue and contribution ex TAC increased by 19-22% respectively.
Strong Performance in CTV
CTV ad spend reached an all-time high, accounting for 46% of total advertiser spend on Viant's platform. Nearly half of this spend was directed through their direct access publisher program.
Molson Coors Partnership
Viant secured a multiyear partnership with Molson Coors, designating Viant as the advertising platform for their programmatic ad campaigns across the US starting in 2026.
Viant AI Product Suite Advancements
The Viant AI product suite has rolled out three of its four phases, with AI bidding automating 85% of ad spend and contributing x TAC doubling year-over-year. AI planning and AI measurement and analysis have been enhanced, and AI decisioning is set to launch by year-end.
Increased Customer Engagement
A 39% increase in customers generating over $1 million in contribution ex TAC was reported, with top 100 customers showing an 18% growth in contribution ex TAC.
Strong Financial Position
Viant ended the quarter with $161 million in cash and no debt, with a share repurchase program returning $59.6 million to shareholders.