Viant Technology (DSP) Q2 2026 Earnings Report

The call emphasizes strong, broad-based operational momentum with record Q2 revenue, accelerating contribution ex-TAC, expanding profitability, robust cash generation and a deepening pipeline driven by CTV, proprietary data (Household ID, IRIS Content ID) and AI (Outcomes/Lattice Brain). Near-term headwinds include margin drag and expense growth tied to the TVision acquisition and the fact that some strategic initiatives (TVision revenue, Outcomes scale) are still early-stage. Overall, positive execution and outlook outweigh the short-term integration and scaling risks.

Viant guided Q3 2026 revenue of $107.5–$110.5M (≈+27% YoY, +5% sequential at the midpoint), contribution ex‑TAC of $65–$67M (+25% YoY, +10% q/q at midpoint), non‑GAAP operating expenses of $46.5–$47.5M (+27% YoY, +2% q/q at midpoint) and adjusted EBITDA of $18.5–$19.5M (+19% YoY, +34% q/q at midpoint), implying an adjusted‑EBITDA margin of ~29% of contribution ex‑TAC at the midpoint; management said the midpoint assumes record Q3 performance, expects the TVision acquisition to be roughly a 200‑bp drag on Q3 margins, believes contribution ex‑TAC will continue to outpace the broader programmatic market (~13%), and reiterated longer‑term goals of consistent 20%+ annual top‑line growth with an opportunity to reach ~40%+ adjusted‑EBITDA margins over the next several years.