Viant Technology 2025 Q2 Earnings Strong Performance as Net Income Grows 20.1%

Viant Technology (DSP) reported its fiscal 2025 Q2 earnings on Aug 11th, 2025. The company delivered a strong performance, exceeding expectations with robust revenue growth and improved profitability. The company raised its guidance for Q3 2025, reflecting confidence in sequential and long-term growth.

Revenue
The total revenue of Viant Technology increased by 18.2% to $77.85 million in 2025 Q2, up from $65.87 million in 2024 Q2. This significant year-over-year increase highlights the company’s strong execution and growing market traction.

Earnings/Net Income
Viant Technology maintained stable EPS at $0.02 in 2025 Q2 compared to 2024 Q2. Meanwhile, the company's profitability strengthened with net income of $1.79 million in 2025 Q2, marking 20.1% growth from $1.49 million in 2024 Q2. This represents a notable improvement in the company’s bottom-line performance.

Price Action
The stock price of Viant Technology has dropped 3.85% during the latest trading day, has tumbled 12.92% during the most recent full trading week, and has tumbled 12.02% month-to-date.

Post Earnings Price Action Review
Following the earnings release, the strategy of buying DSP when revenue beats and holding for 30 days delivered a disappointing -0.54% return, significantly underperforming the benchmark return of 40.37%. The approach showed no positive returns or risk-adjusted benefits, with a maximum drawdown of 0.00% and a Sharpe ratio of 0.00%. Market reaction appears to reflect skepticism or lack of conviction in the stock’s near-term prospects, despite the positive earnings performance.

CEO Commentary
Tim Vanderhook, CEO of Viant Technology, highlighted strong Q2 performance, noting record revenue growth of 18% year-over-year and adjusted EBITDA growth of 18% to $11.3 million. He emphasized CTV as the primary growth driver, with 45% of total ad spend on the platform, and underscored the success of the Direct Access premium publisher program in reducing supply-side fees. Strategic priorities included advancing CTV, addressability solutions like Household ID and IRIS_ID, and the phased rollout of ViantAI, with AI Measurement and Analysis launched in Q2 and AI Decisioning expected in late 2025. Vanderhook expressed optimism about expanding into major U.S. advertisers and data-driven businesses through ViantAI’s efficiency and transparency, stating, “We have a right to win across advertisers of all sizes.” The tone was confident and forward-looking, emphasizing innovation and market expansion.

Guidance
For Q3 2025, Viant Technology provided revenue guidance of $83.5 million to $86.5 million, up 6% year-over-year and 9% sequentially at the midpoint, with contribution ex-TAC of $51 million to $53 million, reflecting 10% year-over-year growth. Adjusted EBITDA is projected at $14 million to $15 million, a 1% year-over-year decline but a 29% sequential increase at the midpoint. These targets account for temporary headwinds from a high political ad spend comp and a lost client. The company expects to see growth acceleration in 2026 as it captures new business from major U.S. advertisers.

Additional News
Within three weeks of the earnings release, Viant Technology announced the expansion of its partnership with a major U.S. media publisher, enhancing its CTV ad offerings. Additionally, the company announced the appointment of a new Chief Technology Officer, signaling a strategic push into AI-driven advertising solutions. Lastly, Viant Technology announced a share repurchase program, reflecting management’s confidence in the stock’s long-term value.