Viant Technology Inc. has recently released its 10-Q report, providing a detailed look at the company's financial performance and operations. Viant operates as an advertising technology company, offering a range of products and services including ViantAI, Holistic, Omnichannel DSP, Household ID, IRIS_ID, and Viant Data Platform. The company sells its platform through a direct sales team focused on business development in various markets, serving purchasers of programmatic advertising inventory and large, independent, and mid-market advertising agencies, as well as marketers.
In the third quarter of 2025, Viant reported revenue of $85.6 million, representing a 7% increase from the same period in 2024. Gross profit for the quarter was $39.8 million, a 13% increase from the previous year. Contribution ex-TAC, a key financial metric, was $53.0 million, reflecting a 12% increase. The net income for the quarter was $5.2 million, a decrease of 20% from the third quarter of 2024. Non-GAAP net income was $11.2 million, down 9% from the same period last year, while adjusted EBITDA stood at $16.0 million, marking a 9% increase.
For the nine months ended September 30, 2025, Viant reported revenue of $234.1 million, an 18% increase from the same period in 2024. Gross profit for the nine months was $106.3 million, a 19% increase from the previous year. Contribution ex-TAC was $144.1 million, reflecting a 17% increase. The net income for the nine months was $3.6 million, a decrease of 23% from the same period in 2024. Non-GAAP net income was $22.0 million, up 5% from the previous year, while adjusted EBITDA stood at $32.7 million, marking a 20% increase.
The company highlighted several factors affecting its performance, including the need to attract, retain, and grow its customer base. Viant emphasized its efforts to enhance its offerings and platform to increase customer usage and add new customers. It also emphasized its investment in long-term growth, expecting operating expenses to increase as it invests in platform operations, technology, and sales and marketing. The company also acknowledged the impact of macroeconomic and geopolitical conditions on its business and the industry as a whole.
Viant anticipates benefiting from the overall adoption of programmatic advertising by marketers and their agencies and expects its revenue to continue fluctuating based on seasonal factors that affect the advertising industry as a whole. The company noted that historical seasonality may not be predictive of future results due to potential changes in advertising buying patterns and consumer activity.
As a result of these announcements, the company's shares have moved 18.48% on the market, and are now trading at a price of $10.355. If you want to know more, read the company's complete 10-Q report here.
