DSP

This article first appeared on GuruFocus. Revenue: $104.3 million, a 34% increase year-over-year and an 18% increase sequentially. Contribution ex-TAC: $60.2 million, up 24% year-over-year and 20% sequentially. Adjusted EBITDA: $14.2 million, up 26% year-over-year and 46% sequentially, with a margin of 24% of contribution ex-TAC. Non-GAAP Net Income: $9.9 million, up 23% from $8 million in the prior year period. Non-GAAP EPS: $0.15 per Class A share, up 50% from $0.10 in the prior year period. Cash Flow from Operations: $28.5 million for the quarter, a 36% increase year-over-year. Free Cash Flow: $22.4 million for the quarter, a 39% increase year-over-year. CTV Spend: Increased nearly 50% year-over-year, accounting for over 50% of total platform spend. Direct Access CTV Spend: Over 80% of CTV ad spend transacted through Direct Access in Q2, up from just over 50% in Q1. Outcomes (Viant AI) Spend: Accounted for 5% of total ad spend year-to-date. Q3 2026 Guidance: Revenue of $107.5 million to $110.5 million; Contribution ex-TAC of $65 million to $67 million; Adjusted EBITDA of $18.5 million to $19.5 million. Warning! GuruFocus has detected 7 Warning Sign with DSP. Is DSP fairly valued? Test your thesis with our free DCF calculator. Release Date: August 10, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Record Q2 2026 results with revenue up 34% YoY and contribution ex-TAC up 24%, exceeding guidance. CTV spend surged nearly 50% YoY, with over 80% of CTV spend now transacted through Direct Access, driving 35% CPM reductions. Viant AI's Outcomes product gained rapid traction, accounting for 5% of total ad spend within six months of launch. TVision integration ahead of schedule, with 80% of pilot campaigns achieving higher conversion rates and an average 1.4x lift. Strong balance sheet with $193.1 million in cash, zero debt, and accelerating free cash flow (up 169% YoY for H1 2026). TVision acquisition created a 150-200 basis point drag on adjusted EBITDA margins in Q2 and Q3 2026. Non-GAAP operating expenses increased 24% YoY, partly due to TVision, impacting near-term profitability. Political ad spend contribution is expected to be minimal (only ~200 basis points), limiting a potential revenue boost. The company faces intense competition from walled gardens like Google and Amazon, which have conflicting incentives and self-attribution advantages. Guidance for Q3 2026 implies a deceleration in revenue growth (27% YoY) compared to Q2's 34%, suggesting potential headwinds. Q: Can you explain the significant difference in growth trajectory between Viant and The Trade Desk, which is guiding to a 12% decline, and what this means for the sector?A: Tim Vanderhook (CEO) attributes the differential to Viant's focus on proprietary data, which is becoming increasingly important. He notes that competitors like Google have search data and Amazon has e-commerce transaction data, while Viant has a fantastic proprietary data set that horizontally applies to marketers in CTV. He suggests The Trade Desk's focus on third-party data is hurting them, as it's undifferentiated and available on every platform. Chris Vanderhook (COO) adds that Viant has a strong history in measurement, with over 70% of customers using the platform for measurement, and that Viant's focus on driving advertiser value and helping grow their business differentiates them in the market. Q: What was the specific unlock that caused the big step change in Direct Access penetration from just over 50% in Q1 to over 80% in Q2?A: Chris Vanderhook (COO) explains that the increase was driven by several factors: existing customers continuing to be educated on the cost savings (averaging 35% lower CPMs), the high quality of the companies in Direct Access (content owners and OEMs), and the go-to-market strategy with new customers that makes Direct Access front and center in the offering, highlighting the 35% savings on CTV investments. Q: Have you started to see the impact of the sizable investments in the enterprise sales force made late last year and entering this year?A: Chris Vanderhook (COO) confirms they are seeing contribution from the enterprise sales force, with a number of brands testing and others in the RFP phase. Tim Vanderhook (CEO) adds that these investments are built into the go-forward plan, and they are slowly and methodically adding to the staff to maintain the philosophy of growing OpEx slower than the top line. Q: Can you tether together the inflection in growth with the improvements in the RFP pipeline, and how will this impact growth and profitability in late 2026 and into 2027?A: Tim Vanderhook (CEO) explains that the business model has significant operating leverage, so every incremental dollar flows through. He notes that some pipeline wins will likely hit in Q4, but most of the pipeline is on an annual cycle, so there will be testing as it comes through, with the major shift expected in 2027. Q: How much of a drag was TVision on last quarter's margins, and how much is baked into the Q3 guide?A: Larry Madden (CFO) states that TVision was about a 150 basis point drag on EBITDA margins in Q2, and in the Q3 guide, it's about a 200 basis point drag. Q: What contribution did political advertising have in the last quarter, and what expectations are baked into the back half of the year? How should we think about the durability of growth into next year ex-political?A: Tim Vanderhook (CEO) explains that Viant has never been a big political player historically, and they don't have a political team focused on that. Political is expected to be about 200 basis points, which is de minimis to the overall number. He emphasizes that the RFP pipeline and the number of wins already posted indicate that growth is very durable and sustainable into the future. Q: Where is the accelerating growth being driven from in terms of new customer budgets versus increased spending within existing customers, driven by Viant AI or TVision?A: Tim Vanderhook (CEO) states that TVision is pretty de minimis from a revenue perspective, while Outcomes (Viant AI) accounts for 5% of ad spend and represents incremental budgets from current customers. He confirms that the growth is driven by both new budgets coming onto the platform and expanding existing customer relationships, with all areas providing tailwinds to the business. Q: Can you provide an update on the Molson Coors and Wurl relationships and how spend is ramping compared to expectations?A: Chris Vanderhook (COO) confirms that both Molson Coors and Wurl continue to ramp their spend and continue to do well as expected. Q: With the disruption on the demand side of the ecosystem, how do you position Viant to be the biggest beneficiary?A: Chris Vanderhook (COO) explains that Viant leads with differentiation that matters for the brand, specifically within CTV, including the scale of Household ID, the Content ID (which others lack at the app level), Direct Access savings of 35%, and TVision attention data. The focus is on translating these tools into customer value, helping brands grow their top line, which is in stark contrast to walled gardens. Tim Vanderhook (CEO) adds that the decision-making framework on which DSP to use increasingly comes down to capabilities in connected television, and Viant leads with product and independent measurement capabilities. Q: Are there any specific product capabilities you want to add either organically or inorganically to the holistic offering?A: Tim Vanderhook (CEO) states that Viant focuses on the concept of the intelligence layer, and as Agentic AI comes online, proprietary data will be a key differentiator. They continue to look for opportunistic M&A that can help build the stack with more proprietary data that adds value for customers. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Achieved record Q2 performance with 34% revenue growth, driven by a 50% surge in CTV spend as advertisers prioritize high-attention, measurable channels. Transitioned from a demand-side platform to an advertising intelligence company, leveraging a proprietary 'intelligence layer' spanning identity, content, and attention to optimize media execution. Direct Access solution now accounts for over 80% of CTV spend, up from 50% in Q1, by offering 35% reductions in CPMs through direct publisher integrations. Household ID utilization reached new heights, providing 4x the coverage of competing identity solutions and enabling precise first-party data activation at scale. IRIS Content ID penetration reached nearly 50% of the bidstream, allowing for show-level targeting that significantly outperforms traditional app-level visibility. Viant AI's 'Outcomes' product captured 5% of total ad spend within six months of launch, successfully attracting performance budgets typically reserved for search and social. Management attributes market share gains to a fundamental misalignment of incentives at walled garden DSPs, positioning Viant as a neutral, independent partner for brands. Expect year-over-year contribution ex-TAC growth to accelerate to 25% in Q3, supported by the largest new business pipeline in company history. Projecting IRIS Content ID penetration to reach approximately 70% of biddable inventory by year-end following scheduled launches with Disney+, HBO Max, and Peacock. Anticipate over 90% of on-platform CTV spend will flow through Direct Access in the near future as new streaming services are onboarded. Targeting long-term adjusted EBITDA margins of 40% or higher, supported by a strategy of growing revenue faster than operating expenses. Strategic focus for 2027 remains on capturing the $51 billion linear TV budget migration and diverting search/social performance spend into CTV. Completed the acquisition of TVision on May 1, 2026, which introduced a 150 basis point drag on Q2 EBITDA margins, expected to increase to 200 basis points in Q3. Appointed Craig Abrahams to the Board of Directors to leverage his expertise in scaling technology businesses and executing strategic M&A. Maintained a strong balance sheet with $193.1 million in cash and zero debt, providing flexibility for future opportunistic M&A in the proprietary data space. Political spend is expected to contribute a modest 200 basis points to growth, as the company does not maintain a dedicated political sales team. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Growth was driven by aggressive client education on the 35% average CPM savings and the high quality of participating OEMs and content owners. Direct Access is now the primary lead in go-to-market pitches for large enterprise accounts seeking transparency and efficiency. Management argues that competitors relying on third-party data are disadvantaged compared to Viant's proprietary intelligence layer. Viant's focus on independent measurement and advertiser-only representation contrasts with platforms that have conflicting incentives as both buyer and seller. Recent investments in the enterprise sales force are yielding results, with several major brands currently in the testing or RFP phase. While some impact is expected in Q4 2026, the primary shift in spend from the current pipeline is projected for 2027 due to annual budget cycles. TVision's attention signals act as a 'lens for price discovery,' allowing Viant to identify and bid on undervalued impressions where intrinsic value exceeds market price. Pilot campaigns using high-attention segments delivered an average 1.4x lift in conversion rates, with some verticals seeing up to a 14x lift.

Viant Technology (DSP) came out with quarterly earnings of $0.12 per share, missing the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.09 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -7.69%. A quarter ago, it was expected that this advertising software company would post earnings of $0.08 per share when it actually produced earnings of $0.07, delivering a surprise of -12.5%. Over the last four quarters, the company has not been able to surpass consensus EPS estimates. Viant, which belongs to the Zacks Technology Services industry, posted revenues of $104.25 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 4.36%. This compares to year-ago revenues of $77.85 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Viant shares have added about 10% since the beginning of the year versus the S&P 500's gain of 13.3%. While Viant has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Viant was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.16 on $111.25 million in revenues for the coming quarter and $0.71 on $443.15 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Technology Services is currently in the bottom 35% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Pixelworks (PXLW), has yet to report results for the quarter ended June 2026. The results are expected to be released on August 11. This maker of chips used in high-end digital video devices is expected to post quarterly loss of $0.20 per share in its upcoming report, which represents a year-over-year change of +80%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Pixelworks' revenues are expected to be $0.3 million, down 96.4% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Viant Technology Inc. (DSP) : Free Stock Analysis Report Pixelworks, Inc. (PXLW) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Achieved record second quarter results across all key metrics Revenue increased 34% year-over-year Contribution ex-TAC increased 24% year-over-year Adjusted EBITDA increased 26% year-over-year CTV advertiser spend(1) increased nearly 50% year-over-year IRVINE, Calif., August 10, 2026--(BUSINESS WIRE)--Viant Technology Inc. (Nasdaq: DSP), a leader in AI-powered programmatic advertising, today reported financial results for its second quarter ended June 30, 2026. "Viant delivered record second-quarter results, exceeding the high end of our guidance range across both top and bottom lines," said Tim Vanderhook, Co-Founder and CEO of Viant. "As indicated by our strong financial performance, we believe Viant is entering into a new phase of accelerated growth, propelled by the continued adoption of our platform by major U.S. advertisers. Viant has successfully evolved into an advertising intelligence company, and our differentiated value proposition is resonating with advertisers and agencies more effectively than ever before. Leveraging Lattice Brain, our AI-powered decisioning architecture, Viant is built to partner with advertisers and empower clients with proprietary intelligence spanning identity, content, and viewer attention, each of which provides actionable insights that inform purchasing decisions and support optimal campaign outcomes." Recent Business Highlights: Began testing TVision's pre-bid attention intelligence in Viant’s technology stack in an effort to provide advertisers with a first-of-its-kind solution, capable of targeting, valuing and measuring CTV ad inventory based on verified attention metrics. CTV spend increased nearly 50% representing over 50% of total advertiser spend on the platform and reached a record high in the second quarter. Over 80% of CTV spend was transacted through Direct Access, a steep increase from over 50% in Q1 2026. Appointed Craig Abrahams, former President and CFO of Playtika, to Viant's Board as an independent director, adding more than 25 years of technology, digital media and strategic M&A experience. Viant was recognized for its advances in CTV and AI with the 2026 "CTV Innovation Award," marking Viant's third consecutive MarTech Breakthrough Award. "We are seeing strong momentum across our business, as evidenced by the meaningful acceleration in revenue and contribution ex-TAC exhibited in the second quarter. Revenue increased 34%, exceeding the high-point of our guidance, while Contribution ex-TAC increased 24%, near the high-end of our guidance. We increased adjusted EBITDA by 26%, exceeding the high-point of our guidance," stated Larry Madden, CFO of Viant. "Integration of TVision's eyes-on-screen attention intelligence across Viant's broader technology stack is pacing well ahead of initial expectations and we are encouraged by growing advertiser enthusiasm to deploy our exclusive, first-of-its kind attention targeting solution on a pre-bid basis." For the third quarter 2026, the Company expects: Revenue in the range of $107.5 million to $110.5 million Contribution ex-TAC in the range of $65.0 million to $67.0 million Non-GAAP operating expenses in the range of $46.5 million to $47.5 million Adjusted EBITDA in the range of $18.5 million to $19.5 million Contribution ex-TAC, non-GAAP operating expenses, adjusted EBITDA, adjusted EBITDA as a percentage of contribution ex-TAC, non-GAAP net income, and non-GAAP earnings (loss) per share of Class A common stock—basic and diluted are non-GAAP financial measures. These non-GAAP financial measures should be considered in addition to, but not as a substitute for, the information provided in accordance with U.S. generally accepted accounting principles ("GAAP"). Reconciliations of these non-GAAP financial measures to Viant’s financial results as determined in accordance with GAAP are included at the end of this press release under "Reconciliation of Non-GAAP Financial Measures." For a description of these non-GAAP financial measures, including the reasons management uses each measure, please see "Non-GAAP Financial Measures" in this press release. We are not able to estimate gross profit, total operating expenses or net income (loss) on a forward-looking basis or reconcile the guidance provided for contribution ex-TAC, non-GAAP operating expenses, or adjusted EBITDA to the closest corresponding GAAP financial measures on a forward-looking basis without unreasonable efforts due to the variability and complexity with respect to the charges excluded from these non-GAAP financial measures; in particular, the impact of future traffic acquisition costs and other platform operations expenses, as well as the measures and effects of our stock-based compensation related to equity grants that are directly impacted by unpredictable fluctuations in our share price and the potential forfeitures of equity grants. We expect the variability of the above charges could have a significant and potentially unpredictable impact on our future GAAP financial results. Supplemental Financial and Other Information: Supplemental financial and other information can be accessed through Viant’s Investor Relations website at investors.viantinc.com. As of June 30, 2026, there were 21,052,546 shares of the Company's Class A common stock outstanding and 45,402,216 shares of the Company's Class B common stock outstanding. For more information, please refer to our Quarterly Report on Form 10-Q expected to be filed with the Securities and Exchange Commission ("SEC") on August 10, 2026. Conference Call and Webcast Details: Viant will host a conference call and webcast to discuss its financial results on Monday, August 10, 2026 at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). A live webcast of the call can be accessed from Viant’s Investor Relations website. An archived version of the webcast will be available from the same website after the call. Viant Technology has used, and intends to continue to use, the "Investor Relations" section of its website at investors.viantinc.com, its LinkedIn account, the LinkedIn account of its Chief Executive Officer, Tim Vanderhook, the LinkedIn account of its Chief Operating Officer, Chris Vanderhook, its X (formerly known as Twitter) account (@viant_tech), and Chris Vanderhook's X account (@cvanderhook) to post information that may be important to investors. Investors and potential investors are encouraged to consult Viant Technology’s website and the foregoing LinkedIn and X accounts regularly for important information. About Viant Viant Technology Inc. (Nasdaq: DSP) is an exclusively buy-side AI-powered advertising platform purpose-built for CTV. Viant uniquely combines proprietary content intelligence, household-level identity resolution, and person-level attention signals to connect advertisers with real customers and drive measurable outcomes across the open internet. Through its award-winning AI solutions, Viant is building the future of autonomous advertising, where AI doesn't just assist the campaign, it delivers real results. Learn more at viantinc.com. Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and may contain words such as "guidance," "believe," "expect," "estimate," "commit," "ensure," "target," "project," "plan," "will," or words or phrases with similar meaning. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved, if at all. Forward-looking statements contained in this press release relate to, among other things, Viant’s projected financial performance and operating results, including our guidance for revenue, contribution ex-TAC, non-GAAP operating expenses, and adjusted EBITDA, as well as statements regarding Viant’s growth prospects and drivers, strategic priorities, the benefits of Viant’s acquisition of TVision, including enhanced capabilities and expected tailwinds for Viant’s financial results, and impacts from the ViantAI product suite and other offerings. Forward-looking statements are based on current expectations, forecasts and assumptions that involve risks and uncertainties, including, but not limited to, the market for programmatic advertising may develop slower or differently than Viant’s expectations, the demands and expectations of customers, the ability to attract and retain customers, the impact of information and data privacy trends and regulations on our business and competitors, risks related to the use of artificial intelligence technologies, and other economic, competitive, governmental and technological factors outside of our control, that may cause our business, strategy or actual results to differ materially from the forward-looking statements. Investors are referred to our filings with the SEC, including our Annual Report on Form 10-K for the fiscal year ended December 31, 2025 and subsequent Quarterly Reports on Form 10-Q, for additional information regarding the risks and uncertainties that may cause actual results to differ materially from those expressed in any forward-looking statement. We do not intend and undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable law. Non-GAAP Financial Measures To provide investors and others with additional information regarding Viant’s results, we have included in this press release the following financial measures that are not calculated in accordance with GAAP: contribution ex-TAC, non-GAAP operating expenses, adjusted EBITDA, adjusted EBITDA as a percentage of contribution ex-TAC, non-GAAP net income (loss) and non-GAAP earnings (loss) per share of Class A common stock—basic and diluted. The Company’s management believes that this information can assist investors in evaluating the Company’s operational trends, financial performance, and cash generating capacity. Management believes these non-GAAP financial measures allow investors to evaluate the Company’s financial performance using some of the same measures as management. Contribution ex-TAC is a non-GAAP financial measure. Gross profit is the most comparable GAAP financial measure, which is calculated as revenue less platform operations expense. In calculating contribution ex-TAC, we add back other platform operations expense to gross profit. Contribution ex-TAC is a key profitability measure used by our management and board of directors to understand and evaluate our operating performance and trends, develop short- and long-term operational plans and make strategic decisions regarding the allocation of capital. "Traffic acquisition costs" or "TAC" represents amounts incurred and payable to suppliers for the cost of advertising media, third-party data and other add-on features related to our fixed cost per mille pricing option and certain arrangements related to our percentage of spend pricing option. In particular, we believe that contribution ex-TAC can provide a measure of period-to-period comparisons for all pricing options within our business. Accordingly, we believe that this measure provides information to investors and the market in understanding and evaluating our operating results in the same manner as our management and board of directors. Non-GAAP operating expenses is a non-GAAP financial measure. Total operating expenses is the most comparable GAAP financial measure. Non-GAAP operating expenses is defined by us as total operating expenses plus other expense, net, less TAC, stock-based compensation, depreciation, amortization, and certain other items that are not related to our core operations, such as acquisition and restructuring costs. Non-GAAP operating expenses is a key component in calculating adjusted EBITDA, which is one of the measures we use to provide our business outlook to the investment community. Additionally, non-GAAP operating expenses is used by our management and board of directors to understand and evaluate our operating performance and trends, to prepare and approve our annual budget and to develop short- and long-term operational plans. We believe that the elimination of TAC, stock-based compensation, depreciation, amortization and certain other items not related to our core operations provides another measure for period-to-period comparisons of our business, provides additional insight into our core controllable costs, and is a useful metric for investors because it allows them to evaluate our operational performance in the same manner as our management and board of directors. Adjusted EBITDA is a non-GAAP financial measure defined by us as net income (loss) before interest expense (income), net, income tax benefit (expense), depreciation, amortization, stock-based compensation and certain other items that are not related to our core operations, such as acquisition and restructuring costs as well as Tax Receivable Agreement (the "TRA") remeasurement expense. Net income (loss) is the most comparable GAAP financial measure. Adjusted EBITDA as a percentage of contribution ex-TAC is a non-GAAP financial measure we calculate by dividing adjusted EBITDA by contribution ex-TAC for the period or periods presented. Net income (loss) as a percentage of gross profit is the most comparable GAAP financial measure. Adjusted EBITDA and adjusted EBITDA as a percentage of contribution ex-TAC are used by our management and board of directors to understand and evaluate our core operating performance and trends, to prepare and approve our annual budget and to develop short- and long-term operational plans. In particular, we believe that the exclusion of the amounts eliminated in calculating adjusted EBITDA can provide a measure for period-to-period comparisons of our business. Adjusted EBITDA as a percentage of contribution ex-TAC, a non-GAAP financial measure, is used by our management and board of directors to evaluate adjusted EBITDA relative to our profitability after costs that are directly variable to revenues, which comprise TAC. Accordingly, we believe that adjusted EBITDA and adjusted EBITDA as a percentage of contribution ex-TAC provide information to investors and the market in understanding and evaluating our operating results in the same manner as our management and board of directors. Non-GAAP net income (loss) is a non-GAAP financial measure defined by us as net income (loss) adjusted to eliminate the impact of stock-based compensation and certain other items that are not related to our core operations, such as acquisition and restructuring costs as well as TRA remeasurement expense and the income tax effect of these adjustments. Net income (loss) is the most comparable GAAP financial measure. Non-GAAP net income (loss) is a key measure used by our management and board of directors to evaluate operating performance, generate future operating plans and make strategic decisions regarding the allocation of capital. In particular, we believe that the elimination of stock-based compensation and certain other items that are not related to our core operations provides measures for period-to-period comparisons of our business and additional insight into our core controllable costs. Accordingly, we believe that non-GAAP net income (loss) provides information to investors and the market generally in understanding and evaluating our results of operations in the same manner as our management and board of directors. Non-GAAP earnings (loss) per share of Class A common stock—basic and diluted is a non-GAAP financial measure defined by us as earnings (loss) per share of Class A common stock—basic and diluted, adjusted to eliminate the impact of stock-based compensation and certain other items that are not related to our core operations, such as acquisition and restructuring costs as well as TRA remeasurement expense and the income tax effect of these adjustments. Earnings (loss) per share of Class A common stock—basic and diluted is the most comparable GAAP financial measure. Non-GAAP earnings (loss) per share of Class A common stock—basic and diluted is used by our management and board of directors to evaluate operating performance, generate future operating plans and make strategic decisions regarding the allocation of capital. In particular, we believe that the elimination of stock-based compensation and certain other items that are not related to our core operations provides measures for period-to-period comparisons of our business and provides additional insight into our core controllable costs. Accordingly, we believe that non-GAAP earnings (loss) per share of Class A common stock—basic and diluted provides information to investors and the market generally that aids in the understanding and evaluation of our results of operations in the same manner as our management and board of directors. Basic non-GAAP earnings (loss) per share of Class A common stock is calculated by dividing the non-GAAP net income (loss) attributable to Class A common stockholders by the number of weighted-average shares of Class A common stock outstanding. Shares of our Class B common stock do not share in our earnings or losses and are therefore not participating securities. As such, separate presentation of basic and diluted non-GAAP earnings (loss) of Class B common stock under the two-class method has not been presented. Diluted non-GAAP earnings (loss) per share of Class A common stock adjusts the basic non-GAAP earnings (loss) per share for the potential dilutive impact of shares of Class A common stock such as equity awards using the treasury-stock method and Class B common stock using the if-converted method. Diluted non-GAAP earnings (loss) per share of Class A common stock considers the impact of potentially dilutive securities except to the extent their inclusion would be anti-dilutive. Shares of our Class B common stock, restricted stock units ("RSUs"), performance stock units ("PSUs"), and nonqualified stock options ("NQSOs") are considered potentially dilutive shares of Class A common stock. These non-GAAP financial measures should be considered in addition to, not as a substitute for or in isolation from, the Company’s financial information calculated in accordance with GAAP and should not be considered measures of the Company’s liquidity. Further, these non-GAAP financial measures as defined by the Company may not be comparable to similar non-GAAP financial measures presented by other companies, including peer companies, and therefore comparability may be limited. The presentation of such measures, which may include adjustments to exclude unusual or non-recurring items, should not be construed as an inference that the Company’s future results, cash flows or leverage will be unaffected by other unusual or non-recurring items. Management encourages investors and others to review Viant’s financial information in its entirety and not rely on a single financial measure. Reconciliation of Non-GAAP Financial Measures The following tables show the reconciliations of the Company’s non-GAAP financial measures contained in this press release to the most directly comparable GAAP financial measures. The following table presents the calculation of gross profit and the reconciliation of gross profit to contribution ex-TAC for the periods presented (unaudited; in thousands): The following table presents a reconciliation of total operating expenses to non-GAAP operating expenses for the periods presented (unaudited; in thousands): The following table presents a reconciliation of net income (loss) to adjusted EBITDA for the periods presented (unaudited; in thousands): The following table presents the calculation of net income (loss) as a percentage of gross profit and the calculation of adjusted EBITDA as a percentage of contribution ex-TAC for the periods presented (unaudited; in thousands, except percentages): The following table presents a reconciliation of net income (loss) to non-GAAP net income for the periods presented (unaudited; in thousands): The following table presents a reconciliation of earnings (loss) per share of Class A common stock—basic and diluted to non-GAAP earnings (loss) per share of Class A common stock—basic and diluted for the periods presented (unaudited; in thousands, except per share data): View source version on businesswire.com: https://www.businesswire.com/news/home/20260809963031/en/ Contacts Media Contact: Marielle [email protected] Investor Contact: Nick [email protected]

Interested in Viant Technology Inc.? Here are five stocks we like better. Record Q2 performance: Revenue rose 34% year over year to $104.3 million, while adjusted EBITDA increased 26% to $14.2 million, exceeding guidance. Operating cash flow and free cash flow also grew 36% and 39%, respectively. CTV and proprietary technology drove growth: CTV spending increased nearly 50% and represented more than half of platform spend, while Direct Access handled over 80% of CTV spending. Viant is also accelerating the rollout of TVision attention data, Household ID and IRIS Content ID. Positive outlook with continued investment: Viant expects Q3 revenue of $107.5 million-$110.5 million and adjusted EBITDA of $18.5 million-$19.5 million. Early adoption of its AI-powered Outcomes product reached 5% of year-to-date ad spend, although the TVision acquisition is expected to pressure EBITDA margins in the near term. Viant Technology (NASDAQ:DSP) reported record second-quarter results, with revenue and adjusted EBITDA exceeding the company’s guidance as demand for connected television, proprietary data capabilities and AI-driven advertising tools increased. Revenue rose 34% year over year to $104.3 million, while contribution ex-TAC, a non-GAAP measure of revenue less traffic acquisition costs, increased 24% to $60.2 million. Adjusted EBITDA climbed 26% to $14.2 million, above the high end of Viant’s outlook. → MarketBeat Week in Review – 08/03 - 08/07 “We delivered strong second quarter performance, achieving new company second quarter records across all key metrics,” Co-founder and CEO Tim Vanderhook said. He said growth was broad-based across most customer verticals and was supported by CTV demand, greater use of Viant’s intelligence products and adoption of ViantAI. Customer CTV spending increased nearly 50% in the quarter and accounted for more than half of total platform spend. Video, including CTV, represented more than 65% of platform spend, while emerging digital channels including CTV, streaming audio and digital out-of-home collectively made up more than 60% of advertiser spending, up from 54% for all of 2025. → Quantum Earnings Week: Winners and Losers Are Finally Emerging CFO Larry Madden said healthcare, public services and travel led performance across customer verticals. Viant’s five largest verticals, representing about 60% of platform spending, grew nearly 30% year over year. The company also cited accelerating adoption of its Direct Access offering, which enables advertisers to transact directly with premium publishers. More than 80% of CTV spending on Viant’s platform was transacted through Direct Access during the quarter, up from slightly more than 50% in the first quarter. → Take-Two’s Q1 Results Leave GTA 6 Bulls Stuck in the Fog of War Vanderhook said the offering can reduce CPMs by 35%, while improving transparency and targeting capabilities. In July, Viant expanded Direct Access to streaming services powered by Publica. The company expects more than 90% of CTV platform spending to flow through Direct Access in the near future as publishers are added. Responding to an analyst question, Madden attributed the increase in Direct Access usage to ongoing customer education around cost savings, the quality of participating content owners and OEMs, and the company’s go-to-market approach with new customers. Viant said its integration of TVision, acquired May 1, is proceeding ahead of schedule. TVision provides attention data, including in-room presence, co-viewership and eyes-on-screen engagement, across linear TV, connected TV, YouTube and Prime Video. Viant is working to use TVision’s attention insights as a pre-bid signal, allowing advertisers to assess the estimated attentive value of impressions in real time. The company said 42 pilot campaigns targeted TVision high-attention inventory segments, with more than 80% producing higher conversion rates than benchmarks and an average conversion lift of 1.4 times. The company reported specific pilot results including a 14-times lift for a home-improvement brand, a 3.7-times lift for an online university and a 3.1-times lift for a state tourism office. Viant said it is accelerating the commercial rollout of the technology while technical integration continues through the year. Viant also highlighted Household ID, its patented identity solution, and IRIS Content ID, which enables show-level and scene-level contextual targeting. Household ID is embedded in 80% of programmatic bid requests and 96% of CTV requests, according to the company. IRIS Content ID is now present in nearly 50% of the bid stream, and Viant plans integrations with Disney+, HBO Max, Peacock, Roku, DirecTV, Sling TV, Spectrum and Philo during the third and fourth quarters. Those launches are expected to increase penetration to about 70% of biddable inventory by year-end. Viant said its Outcomes product, a fully autonomous advertising product launched earlier this year, accounted for 5% of total ad spend year to date. Outcomes is designed to automate campaign planning, execution and optimization based on an advertiser’s budget, campaign dates and goals. Management described the product as an effort to capture performance-oriented advertising budgets that are often directed to search and social platforms. Chris Vanderhook, Viant’s co-founder and chief operating officer, said the company’s immediate priority is to increase adoption among existing clients before pursuing performance advertisers outside its current customer base. The company said it sees a substantial opportunity from the ongoing movement of advertising budgets from linear TV to connected TV. Chris Vanderhook said industrywide CTV spending stands at approximately $37 billion, compared with $51 billion remaining in linear TV spending. Viant also said it is engaging with larger enterprise advertisers through its sales force and request-for-proposal pipeline. Management said the company’s largest pipeline of prospective business is supported by both new customer opportunities and expanding budgets from existing customers. Tim Vanderhook said some pipeline activity could contribute in the fourth quarter, but that the larger impact is expected in 2027 because much of the business follows annual cycles. Non-GAAP operating expenses increased 24% year over year to $46 million, partly reflecting the TVision acquisition. Madden said TVision created an approximately 150-basis-point drag on adjusted EBITDA margin in the second quarter and is expected to create about a 200-basis-point drag in the third-quarter outlook. Despite those expenses, Viant reported non-GAAP net income of $9.9 million, up from $8 million a year earlier. Non-GAAP basic earnings per Class A share rose to $0.15 from $0.10. Cash flow from operating activities rose 36% to $28.5 million, while free cash flow increased 39% to $22.4 million. Viant ended the quarter with $193.1 million in cash and cash equivalents, no debt and access to a $75 million undrawn credit facility. The company repurchased $1 million of shares year to date under its existing authorization and has returned $60.6 million to shareholders since beginning its repurchase program in May 2024. As of Aug. 7, $39.4 million remained available under the authorization. Third-quarter revenue guidance: $107.5 million to $110.5 million. Third-quarter contribution ex-TAC guidance: $65 million to $67 million. Third-quarter adjusted EBITDA guidance: $18.5 million to $19.5 million. Expected adjusted EBITDA margin as a percentage of contribution ex-TAC: 29%. At the midpoint of its outlook, Viant expects third-quarter revenue to rise 27% year over year, contribution ex-TAC to grow 25%, and adjusted EBITDA to increase 19%. Management said it expects contribution ex-TAC growth to continue accelerating sequentially through year-end, aided by recently onboarded customers, existing-client expansion, CTV demand, TVision and political advertising. Viant also appointed Craig Abrahams to its board of directors. Abrahams previously co-founded Caesars Interactive Entertainment and led Playtika as president and CFO. Viant Technology Inc (Nasdaq: DSP) is a software-as-a-service (SaaS) advertising technology company that delivers data-driven solutions to marketers and agencies. Its core offering, Adelphic, is a programmatic demand-side platform (DSP) that empowers clients to plan, execute and optimize digital ad campaigns across desktop, mobile, connected TV and other emerging channels. Complementing its DSP, Viant offers PeopleCloud, a people-based data management platform (DMP) that aggregates and normalizes first- and third-party audience data. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Viant Technology Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.

Gen Digital (GEN) came out with quarterly earnings of $0.71 per share, beating the Zacks Consensus Estimate of $0.69 per share. This compares to earnings of $0.64 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +2.90%. A quarter ago, it was expected that this security software maker would post earnings of $0.65 per share when it actually produced earnings of $0.67, delivering a surprise of +3.08%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Gen Digital, which belongs to the Zacks Technology Services industry, posted revenues of $1.34 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 2.54%. This compares to year-ago revenues of $1.26 billion. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Gen Digital shares have added about 2.8% since the beginning of the year versus the S&P 500's gain of 12.8%. While Gen Digital has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Gen Digital was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.71 on $1.32 billion in revenues for the coming quarter and $2.90 on $5.32 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Technology Services is currently in the bottom 38% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Viant Technology (DSP), another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on August 10. This advertising software company is expected to post quarterly earnings of $0.13 per share in its upcoming report, which represents a year-over-year change of +44.4%. The consensus EPS estimate for the quarter has been revised 40% lower over the last 30 days to the current level. Viant Technology's revenues are expected to be $99.9 million, up 28.3% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Gen Digital Inc. (GEN) : Free Stock Analysis Report Viant Technology Inc. (DSP) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Dave Inc. (DAVE) came out with quarterly earnings of $4.12 per share, beating the Zacks Consensus Estimate of $3.69 per share. This compares to earnings of $3.14 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +11.65%. A quarter ago, it was expected that this company would post earnings of $2.86 per share when it actually produced earnings of $3.64, delivering a surprise of +27.27%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. DAVE INC, which belongs to the Zacks Technology Services industry, posted revenues of $170.8 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 0.62%. This compares to year-ago revenues of $131.7 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. DAVE INC shares have added about 93.9% since the beginning of the year versus the S&P 500's gain of 13%. While DAVE INC has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for DAVE INC was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $4.39 on $186.2 million in revenues for the coming quarter and $16.80 on $714.1 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Technology Services is currently in the bottom 39% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Viant Technology (DSP), has yet to report results for the quarter ended June 2026. The results are expected to be released on August 10. This advertising software company is expected to post quarterly earnings of $0.13 per share in its upcoming report, which represents a year-over-year change of +44.4%. The consensus EPS estimate for the quarter has been revised 40% lower over the last 30 days to the current level. Viant Technology's revenues are expected to be $99.9 million, up 28.3% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Dave Inc. (DAVE) : Free Stock Analysis Report Viant Technology Inc. (DSP) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Climb Global Solutions (CLMB) came out with quarterly earnings of $0.3 per share, beating the Zacks Consensus Estimate of $0.29 per share. This compares to earnings of $0.35 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +3.45%. A quarter ago, it was expected that this computer software reseller would post earnings of $0.23 per share when it actually produced earnings of $0.19, delivering a surprise of -17.39%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Climb Global, which belongs to the Zacks Technology Services industry, posted revenues of $174.21 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 1.3%. This compares to year-ago revenues of $159.28 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Climb Global shares have added about 9.7% since the beginning of the year versus the S&P 500's gain of 8.5%. While Climb Global has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Climb Global was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.37 on $179.37 million in revenues for the coming quarter and $1.32 on $734.46 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Technology Services is currently in the bottom 39% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, Viant Technology (DSP), is yet to report results for the quarter ended June 2026. The results are expected to be released on August 10. This advertising software company is expected to post quarterly earnings of $0.13 per share in its upcoming report, which represents a year-over-year change of +44.4%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Viant Technology's revenues are expected to be $99.9 million, up 28.3% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Climb Global Solutions, Inc. (CLMB) : Free Stock Analysis Report Viant Technology Inc. (DSP) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research