Viant reports Q3 adjusted EPS 15c, consensus 5c

Reports Q3 revenue $79.92M, consensus $64.97M. “We delivered outstanding third quarter results, with revenue, contribution ex-TAC, and adjusted EBITDA surpassing the high end of our guidance,” said Tim Vanderhook, Co-Founder and CEO, Viant (DSP). “For the second consecutive quarter, advertiser spending on our platform hit a new record, fueled by unprecedented CTV spending. We’re excited to build upon our CTV targeting and measurement capabilities with the acquisition of IRIS.TV, which we announced today. In addition, the recent introduction of ViantAI has captivated advertisers and aligns with their increasing desire to explore innovative, efficient and more cost-effective alternatives in programmatic advertising, further fueling our growth.”