Viant Q1 revenue up 28% to $53.4M; adj EBITDA turns positive at $3.1M; authorizes $50M buyback

Viant Technology Inc.

2024-Q1 EPS reported -$0.06 revenue$53,393,000

Q1 GAAP revenue $53.4M (+28% YoY); net loss narrowed to $3.2M from $9.4M.
Contribution ex-TAC $34.1M (+22%); adjusted EBITDA $3.1M vs -$0.4M a year ago.
Non-GAAP EPS $0.02 vs -$0.03; CTV spend grew >50% YoY; over half of CTV via Direct Access.
Q2 2024 guidance: revenue $63.5-$66.5M, contribution ex-TAC $40-$42M, adj EBITDA $8-$9M.
Board authorized $50M stock repurchase program; no time limit, funded from cash/operations.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Viant Technology Inc. reported first quarter ended March 31, 2024 results: revenue $53,393, net income $(3,214), EPS $(0.06).

Period: first quarter ended March 31, 2024
Revenue: $53,393
Net income: $(3,214)
EPS: $(0.06)
Result: reported results

Exact text from the filing

Viant.” First quarter 2024 Financial Highlights, year-over-year ( in thousands, except percentages and per share data): 2024 2023 Change (%) (NM = Not Meaningful) GAAP Revenue $ 53,393 $ 41,720 28 % Gross profit $ 23,513 $ 18,383 28 % Net loss $ (3,214) $ (9,376) 66 % Net loss as a percentage of gross profit (14) % (51) % NM Net loss attributable to Viant

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Source: SEC EDGAR

accession 0001828791-24-000022

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