Viant reports record Q2 ad spend; revenue $65.9M, net income $1.5M vs loss year ago

Viant Technology Inc.

2024-Q2 EPS reported -$0.05 revenue$119,259,000

GAAP revenue $65.9M (+15% YoY); net income $1.5M vs ($3.2M) loss in Q2 2023.
Contribution ex-TAC $41.6M (+23%); adjusted EBITDA $9.6M (+41%).
CTV spend >40% YoY; streaming audio nearly doubled, >10% of total spend.
Q3 guidance: revenue $67.5-70.5M, adj. EBITDA $11-12M.
Launched ViantAI; repurchased $8M in shares; $42M remaining under buyback.

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