Viant Technology (NASDAQ:DSP) Issues Earnings Results, Beats Estimates By $0.09 EPS

Viant Technology (NASDAQ:DSP) announced its quarterly earnings results on Monday. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.09, FiscalAI reports. The business had revenue of $104.25 million for the quarter, compared to analyst estimates of $59.65 million. Viant Technology had a return on equity of 2.40% and a net margin of 2.51%.

Here are the key takeaways from Viant Technology’s conference call:

• Q2 results exceeded guidance, with revenue up 34% year over year to $104.3 million, contribution ex-TAC up 24% to $60.2 million, and adjusted EBITDA up 26% to $14.2 million.
• CTV spend increased nearly 50% and represented more than half of platform spend, while Direct Access penetration rose to over 80% of CTV spend from just over 50% in Q1; Viant said the solution reduces CPMs by about 35%.
• Viant reported early traction from its TVision acquisition and ViantAI platform. More than 80% of 42 TVision pilot campaigns outperformed benchmarks, while the autonomous Outcomes product accounted for 5% of total ad spend year to date.
• Management cited its largest-ever new-business pipeline, with major enterprise RFP opportunities expected to provide some benefit in Q4 and a larger impact in 2027, while existing customers continue expanding their spending.
• Viant guided to another record quarter in Q3, forecasting revenue of $107.5 million to $110.5 million, contribution ex-TAC of $65 million to $67 million, and adjusted EBITDA of $18.5 million to $19.5 million. The company ended Q2 with $193.1 million in cash, no debt, and continued share repurchase capacity.

Viant Technology Price Performance

NASDAQ DSP traded down $1.28 during trading hours on Tuesday, reaching $12.81. 244,796 shares of the stock traded hands, compared to its average volume of 242,835. The stock has a 50 day simple moving average of $12.05 and a two-hundred day simple moving average of $11.33. Viant Technology has a 1 year low of $8.11 and a 1 year high of $14.80. The company has a market cap of $839.70 million, a price-to-earnings ratio of 35.69 and a beta of 1.08.

Viant Technology News Roundup

Here are the key news stories impacting Viant Technology this week:

• Positive Sentiment: Rosenblatt raised its price target to $24 from $20 and assigned a “Buy” rating. The new target implies approximately 70% upside from the referenced share price, signaling increased confidence in Viant’s growth prospects. Benzinga article
• Positive Sentiment: Viant delivered a strong Q2 performance. Earnings were $0.12 per share, up from $0.09 a year earlier, while revenue reached $104.25 million versus the reported analyst consensus of $59.65 million. Management said results exceeded the high end of its guidance range for both revenue and profitability, citing accelerated growth and AI-powered programmatic advertising demand. Viant Q2 2026 financial results
• Positive Sentiment: The earnings release and conference call highlighted Viant’s record quarterly performance and its expectation for a new phase of growth, factors that can support investor optimism about future revenue and earnings. Q2 2026 earnings call transcript
• Neutral Sentiment: Viant appointed Craig Abrahams to its board of directors. The addition may provide financial and strategic expertise, but no immediate earnings impact was disclosed. Board appointment article
• Negative Sentiment: Third-quarter revenue guidance of $107.5 million to $110.5 million brackets the $110 million consensus estimate but places the midpoint slightly below expectations, limiting some of the positive impact from the quarterly beat. One data provider also characterized Q2 EPS of $0.12 as narrowly below its $0.13 estimate. Zacks earnings estimate article

Insider Activity

In other news, CFO Larry Madden sold 25,376 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $11.10, for a total transaction of $281,673.60. Following the completion of the sale, the chief financial officer directly owned 459,155 shares in the company, valued at approximately $5,096,620.50. This represents a 5.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Christopher Vanderhook sold 9,125 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $11.10, for a total value of $101,287.50. Following the transaction, the chief operating officer owned 208,880 shares of the company’s stock, valued at approximately $2,318,568. This represents a 4.19% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 167,853 shares of company stock valued at $1,947,895. 29.43% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. boosted its position in shares of Viant Technology by 86.9% during the fourth quarter. Russell Investments Group Ltd. now owns 2,641 shares of the company’s stock valued at $32,000 after purchasing an additional 1,228 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Viant Technology by 620.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,883 shares of the company’s stock valued at $35,000 after purchasing an additional 2,483 shares during the last quarter. BNP Paribas Financial Markets boosted its position in shares of Viant Technology by 433.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,942 shares of the company’s stock worth $69,000 after purchasing an additional 6,454 shares in the last quarter. MetLife Investment Management LLC purchased a new stake in shares of Viant Technology in the 4th quarter worth approximately $105,000. Finally, Walleye Capital LLC bought a new position in Viant Technology during the 4th quarter valued at approximately $128,000. Institutional investors own 11.38% of the company’s stock.

Wall Street Analyst Weigh In

DSP has been the topic of several research reports. Rosenblatt Securities upped their price objective on shares of Viant Technology from $20.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday. Weiss Ratings raised Viant Technology from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday. Citigroup reaffirmed a “market outperform” rating on shares of Viant Technology in a report on Tuesday. Wall Street Zen cut Viant Technology from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, DA Davidson lifted their target price on Viant Technology from $16.00 to $16.50 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $18.71.

About Viant Technology

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.