Viant reports Q2 adjusted EPS 8c, consensus 1c

Reports Q2 revenue $65.87M, consensus $65.09M. “We are very pleased with our second quarter results, marked by record advertiser spend on our platform,” said Tim Vanderhook, Co-Founder and CEO, Viant. “We are seeing a market shift where advertisers are increasingly looking for alternatives to the largest legacy players in the industry, and we believe our position as a self-service, buy side platform along with our vision for autonomous advertising are key reasons why advertisers are increasing spend with Viant. Today we are excited to announce the launch of ViantAI, which integrates our suite of AI enabled tools to make planning, buying, measurement and optimization of programmatic advertising easier and more effective for customers. We believe we are uniquely positioned to continue benefiting from these market dynamics shifting in our favor as we deliver innovative solutions to our customers with ViantAI.”