Why Did Viant Technology Stock Plunge 15.67% Despite Strong Q2 Earnings?

On August 12, 2025, Viant Technology's stock experienced a significant drop of 15.67% in pre-market trading.

Viant Technology's second-quarter earnings for 2025 revealed a revenue of $77.9 million, which was 62.66% above estimates, and an earnings per share (EPS) of $0.09, surpassing expectations by 800%. Despite these positive financial results, the company's stock dipped by 3.77%.

The company's financial report for Q2 2025 highlighted a revenue of $77.9 million, with a contribution ex-TAC totaling $48.4 million, marking a 16% year-over-year increase and a 13% sequential growth. The company's adjusted earnings per share were 9 cents, and the advertising software company posted revenue of $77.9 million for the period.

Viant Technology's Q2 2025 revenue rose by 18% to $77.9 million, driven by the increasing demand for connected TV (CTV) and the adoption of ViantAI. CTV accounted for 45% of ad spend, reflecting the company's strategic focus on this growing market segment. The company's adjusted EBITDA improved to $11.3 million, with cash reserves standing at $172.8 million. Viant Technology continued its stock repurchase program under an expanded initiative.