Viant Technology 2025 Q1 Earnings Misses Targets, Net Loss Widens 2.9%

Viant Technology (DSP) reported its fiscal 2025 Q1 earnings on May 06th, 2025. Viant Technology's Q1 2025 financial results missed analyst expectations, with revenue reaching $70.64 million against a consensus estimate of $67.39 million, and earnings falling short at a loss of $0.07 per share. The company has adjusted its guidance, projecting revenue between $77 million and $80 million for Q2 2025, which reflects a year-over-year growth of 19% at the midpoint. Viant continues to focus on CTV advertising and AI solutions despite macroeconomic challenges.

Revenue
The total revenue of Viant Technology increased by 32.3% to $70.64 million in 2025 Q1, up from $53.39 million in 2024 Q1.

Earnings/Net Income
Viant Technology's losses deepened to $0.07 per share in 2025 Q1 from a loss of $0.06 per share in 2024 Q1 (16.7% wider loss). Meanwhile, the company's net loss widened to $-3.31 million in 2025 Q1, representing a 2.9% increase from the $-3.21 million loss recorded in 2024 Q1. The EPS results indicate continued financial challenges.

Price Action
The stock price of Viant Technology has climbed 3.47% during the latest trading day, has edged up 2.05% during the most recent full trading week, and has surged 17.77% month-to-date.

Post-Earnings Price Action Review
The strategy of buying DSP shares after a revenue drop quarter-over-quarter and holding for 30 days resulted in poor performance over the past five years. With a negative return of -17.37%, this approach significantly underperformed compared to the benchmark return of 36.38%, yielding an excess return of -53.75%. Moreover, the compound annual growth rate (CAGR) stood at -4.46%, indicating considerable losses. The strategy also faced a high maximum drawdown of -42.22% and had a Sharpe ratio of -0.19, highlighting substantial risk and negative returns. Investors are advised to consider these figures when evaluating investment strategies involving Viant Technology.

CEO Commentary
Tim Vanderhook, Co-Founder and Chief Executive Officer, stated that Viant Technology delivered record first quarter results, with revenue increasing 32% year-over-year and adjusted EBITDA up 76% to $5.4 million. He highlighted strong growth driven by CTV demand, the adoption of Addressability Solutions, and the AI product suite. Vanderhook emphasized the company's strategic focus on CTV, addressability, and ViantAI, reinforcing their position as a premier DSP for CTV advertising. He expressed confidence in navigating macroeconomic challenges, citing a resilient advertising environment and a diverse customer base that minimizes exposure to tariff-affected verticals, indicating an optimistic outlook for continued growth.

Guidance
For Q2 2025, Viant Technology expects revenue between $77 million and $80 million, reflecting a year-over-year growth of 19% at the midpoint. Contribution ex-TAC is projected to be between $47.5 million and $49.5 million, indicating a 17% year-over-year increase. Adjusted EBITDA is anticipated to be between $10.5 million and $11.5 million, representing a 15% growth year-over-year. The company noted that recent macroeconomic challenges have led to a deferral of approximately 3% to 4% of expected Q2 revenue and contribution ex-TAC to the second half of 2025, which they view as temporary.

Additional News
Viant Technology has announced the acquisition of Lockr, a first-party data collaboration platform, marking a strategic move to enhance addressability in open internet advertising. This acquisition aims to accelerate the adoption of Viant's Household ID and IRIS_ID technologies. Lockr's CEO, Keith Petri, will continue to lead, bringing 15 years of AdTech expertise. Additionally, Viant increased its share repurchase program by $50 million, reflecting a commitment to shareholder value. The company also announced a strategic partnership with the Association of National Advertisers, joining a network of over 1,600 companies to advance marketing excellence.