Viant Q3 adjusted net income sails above estimates on robust CTV demand

Reuters11-11
Viant Q3 adjusted net income sails above estimates on robust CTV demand 

Overview

  • Viant Q3 revenue slightly beats analyst expectations, growing 7% yr/yr

  • Adjusted net income for Q3 beats estimates, reflecting strong performance

  • Company signed multi-year partnership with Molson Coors for programmatic ad campaigns

Outlook

  • Company expects Q4 2025 revenue between $101.5 mln and $104.5 mln

  • Viant projects Q4 contribution ex-TAC between $62 mln and $64 mln

  • Company anticipates Q4 adjusted EBITDA margin of 37%

Result Drivers

  • CTV AD SPEND - Record CTV ad spend accounted for 46% of total ad spend, driving revenue growth

  • BRAND PARTNERSHIPS - New partnerships, including with Molson Coors, contributed to growth

  • ADDRESSABILITY SOLUTIONS - Adoption of Household ID and IRIS_ID supported revenue growth

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Slight Beat*

$85.58 mln

$85.52 mln (10 Analysts)

Q3 Adjusted Net Income

Beat

$11.21 mln

$1.90 mln (9 Analysts)

Q3 Operating Income

$4.23 mln

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "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 $18.00, about 52.2% above its November 7 closing price of $8.60

  • The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 62 three months ago

Press Release: ID:nBw5QSsnza

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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.)

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