Viant Technology (DSP) investor relations material

Executive summary

• Achieved record Q1 2026 results with revenue up 25% year-over-year to $88.5 million, surpassing guidance, and broad-based growth across verticals, led by CTV and proprietary data utilization.

• Adjusted EBITDA rose 81% year-over-year to $9.8 million, reflecting operational efficiency and productivity gains, with margin expanding to 19%.

• Net loss improved 34% year-over-year to $2.2 million; non-GAAP net income nearly doubled to $5.6 million.

• Closed the acquisition of TVision/TVision Insights in May 2026, enhancing proprietary attention data and CTV measurement capabilities.

• Launched autonomous advertising campaigns and Outcomes, an AI-powered ad solution, showing strong performance and growth potential.

Financial highlights

• Q1 2026 revenue: $88.5 million, up 25% year-over-year and above guidance.

• Contribution ex-TAC: $50.3 million, up 18% year-over-year.

• Adjusted EBITDA: $9.8 million, up 81% year-over-year; margin expanded to 19%.

• Non-GAAP net income: $5.6 million, nearly doubling from $2.8 million last year.

• Free cash flow: $41.5 million, up 59% year-over-year; cash and equivalents at $185.7 million, no debt.

Outlook and guidance

• Q2 2026 revenue guidance: $98.5–$101.5 million, up 28% year-over-year at midpoint.

• Contribution ex-TAC guidance: $58.5–$60.5 million, up 23% year-over-year at midpoint.

• Adjusted EBITDA guidance: $13–$14 million, up 20% year-over-year at midpoint; margin expected at 23%.

• Management expects accelerated top-line growth, margin expansion, and ongoing investment in AI-driven products and CTV.

• Existing cash, cash flow from operations, and undrawn credit facility expected to meet liquidity needs for at least the next 12 months.