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EarningsQ2 2026 Earnings Report
DSP Q2 2026 EPS Results
Actual EPS-$0.03
Consensus EPS$0.03
Beat/MissMissed by -$0.06
One Year Ago EPS$0.02
DSP Q2 2026 Revenue Results
Actual Revenue$104.25M
Expected Revenue$59.65M
Beat/MissBeat by +$44.61M
YoY Revenue Growth+33.91%
Earnings Announcement Details
QuarterQ2 2026
Date08/10/2026
TimeAfter Close
Conference CallMonday, August 10, 2026
DSP Upcoming Earnings
Viant Technology's next earnings date is estimated for November 10, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DSP Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
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.Company Guidance
Record Revenue Growth
Q2 revenue of $104.3M, up 34% year-over-year and 18% sequentially, exceeding the high end of quarterly guidance by ~3%.
Strong Contribution ex-TAC and Acceleration
Contribution ex-TAC of $60.2M in Q2, up 24% year-over-year and 20% sequentially; company expects ~25% year-over-year contribution ex-TAC growth at the Q3 midpoint, showing sequential acceleration from Q1 to Q3.
Improving Profitability and Cash Generation
Adjusted EBITDA of $14.2M in Q2, up 26% year-over-year and 46% sequentially; adjusted EBITDA margin was 24% of contribution ex-TAC (expanded ~30 bps YoY). Q2 operating cash flow $28.5M (+36% YoY) and free cash flow $22.4M (+39% YoY).
Earnings Per Share and Non-GAAP Net Income Growth
Non-GAAP net income of $9.9M (+23% YoY) and non-GAAP basic EPS increased 50% to $0.15 in Q2 (from $0.10 prior year).
Strong Balance Sheet and Capital Returns
Cash and equivalents of $193.1M, no debt, $200.6M positive working capital, access to $75M undrawn credit facility; returned $60.6M to shareholders since May 2024 with $39.4M remaining under authorization.
CTV Momentum Driving Mix Shift
Customer CTV spend surged nearly 50% in the quarter and accounted for over 50% of total platform spend; video (inclusive of CTV) represented over 65% of total platform spend.
Direct Access Adoption and Efficiency Gains
Direct Access penetration rose to over 80% of on-platform CTV spend (from just over 50% in Q1), delivering an average 35% reduction in CPMs and expected to surpass 90% as new publishers onboard.
Early Commercial Traction for Viant AI (Outcomes)
Outcomes product (fully autonomous ad product) reached ~5% of total ad spend year-to-date after ~6 months in market, indicating rapid early adoption of the AI-driven performance solution.
Proprietary Data and Measurement Advantages
Household ID embedded in ~80% of programmatic bid requests and 96% of CTV requests, mapped to 95% of U.S. household addresses; IRIS Content ID at nearly 50% bidstream penetration with plans to reach ~70% by year-end; TVision attention data pilots (42 campaigns) delivered >80% of campaigns with higher conversion vs benchmark and average lift of 1.4x (examples: 14x, 3.7x, 3.1x lifts).
Operational Productivity Improvements
Trailing 12-month contribution ex-TAC per employee increased over 7% year-over-year, marking 12 consecutive quarterly increases and signaling improving operating leverage.
Positive Q3 Guidance and Long-Term Targets
Q3 guidance: revenue $107.5M–$110.5M (+27% YoY at midpoint), contribution ex-TAC $65M–$67M (+25% YoY), adjusted EBITDA $18.5M–$19.5M (+19% YoY) and expected adjusted EBITDA margin ~29% of contribution ex-TAC; company reiterates goal of consistent ≥20% annual top-line growth and potential to reach 40%+ adjusted EBITDA margins over several years.
DSP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed