Skip to main content

Go Premium in Our Biggest Sale Ever

UPGRADE NOW
TipRanks
Go Ultimate75% OFF

Viant Technology (DSP) Q3 2026 Earnings Report

620 Followers

DSP Q3 2026 EPS Results

Actual EPS
$0.00
Consensus EPS
$0.05
Beat/Miss
Missed by -$0.05
One Year Ago EPS
$0.06

DSP Q3 2026 Revenue Results

Actual Revenue
$110.43M
Expected Revenue
$66.16M
Beat/Miss
Beat by +$44.26M
YoY Revenue Growth
+29.03%

Earnings Announcement Details

Quarter
Q3 2026
Date
11/09/2026
Time
After Close
Conference Call
Monday, November 9, 2026
DSP Upcoming Earnings

Viant Technology's next earnings date is estimated for March 8, 2027, based on past reporting schedules.

Q3 2026 Earnings Call Audio

DSP Q3 2026 Earnings Call
0:00 / 0:00

Q3 2026 Earnings Slide Deck

Q3 2026 Earnings Call Summary

Q3 2026
Earnings Call Date:Nov 09, 2026|% Change Since:-15.10%|
Earnings Call Sentiment|Positive

The call was strongly positive, characterized by record Q3 results, accelerating contribution ex-TAC growth, robust CTV and proprietary-data adoption, expanding AI capabilities, strong cash generation and favorable Q4 and 2027 outlooks. The main drawbacks were limited near-term financial contribution from Waymark, early-stage TVision adoption, pending enterprise pipeline decisions and broader weakness in open internet traffic. Highlights significantly outweighed lowlights.

Company Guidance

For the fourth quarter of 2026, Viant expects revenue of $130.5 million to $133.5 million, up 20% year-over-year and 20% sequentially; contribution ex-TAC of $80.5 million to $82.5 million, up 26% year-over-year and 21% sequentially; non-GAAP operating expenses of $49.5 million to $50.5 million, up 25% year-over-year and 5% sequentially, or excluding acquisitions, up 14% year-over-year and 3% sequentially; adjusted EBITDA of $31 million to $32 million, up 27% year-over-year and 59% sequentially; and adjusted EBITDA margin as a percentage of contribution ex-TAC of 39%, up approximately 40 basis points year-over-year. At the midpoint of Q4 guidance, full year 2026 revenue is expected to be approximately $435 million, up 26% year-over-year; contribution ex-TAC approximately $259 million, up 24% year-over-year; non-GAAP operating expenses approximately $184 million, up 22% year-over-year, or excluding acquisitions, up 15% year-over-year; adjusted EBITDA approximately $75 million, up 31% year-over-year; and adjusted EBITDA margin as a percentage of contribution ex-TAC 29%, up approximately 150 basis points year-over-year. Viant expects contributions to revenue and contribution ex-TAC from TVision and Waymark to be immaterial in Q4, political advertising to be a minimal contributor, Waymark’s stand-alone top line contribution in 2027 to remain modest, and 20% or more annual growth in contribution ex-TAC and meaningful adjusted EBITDA margin expansion in 2027.

  • Record Third-Quarter ResultsViant achieved new company Q3 records across all key metrics. Revenue was $110.4 million, up 29% year-over-year and 6% sequentially, exceeding the midpoint of guidance. Contribution ex-TAC was $67.2 million, up 27% year-over-year and 12% sequentially, exceeding the high end of guidance. Adjusted EBITDA was $19.8 million, up 24% year-over-year and 40% sequentially, also exceeding the high end of guidance.
  • Broad-Based Customer and Enterprise GrowthGrowth was broad-based across most customer verticals, led by health care and public services. Viant said growth was primarily organic, with minimal contribution from political advertising and TVision. The top five verticals represented more than 65% of platform spend and collectively grew approximately 30% year-over-year. Year-over-year contribution ex-TAC growth accelerated for the third consecutive quarter and was approximately 10 percentage points higher in Q3 2026 than in Q1 2026, primarily reflecting ramping ad spend from recent enterprise wins.
  • Strong CTV and Video AdoptionCTV advertiser spend increased by nearly 40% year-over-year, reached another quarterly record and represented more than 50% of total platform spend. Video, including CTV, accounted for nearly 70% of total platform spend, also a record. CTV, streaming audio and digital out-of-home collectively represented more than 60% of customer-directed spend in the quarter, compared with 54% for full-year 2025.
  • Household ID Utilization Reached a Third-Quarter HighHousehold ID utilization increased again in the quarter, driven by advertiser demand for targetable and measurable campaign strategies, particularly in CTV. Contribution ex-TAC generated from Household ID utilization reached its highest level ever for a third-quarter period.
  • IRIS Content ID GrowthIRIS Content ID's scene-level contextual targeting capabilities expanded as more major CTV publishers became IRIS-enabled. Surging advertiser utilization drove a 41% year-over-year increase in IRIS-enabled ad spend during the quarter.
  • TVision Attention Intelligence ExpansionTVision provides in-room presence, co-viewership, second-by-second eyes-on-screen attention and associated viewer demographics across linear TV, CTV and selected walled-garden platforms. Viant expects growing advertiser utilization of IRIS Content ID and TVision attention data to be a significant top-line growth driver through 2027 and beyond.
  • Outcomes Adoption and Incremental Performance BudgetsViant's autonomous Outcomes product now powers performance budgets for more than 10% of its advertiser base. Every one of Viant's top 10 advertisers uses Outcomes, allocating an average of 26% of their on-platform ad spend to the product. Management said this spend is nearly all incremental performance budget being tested against search and social channels.
  • Frontier Model and Headless Platform IntegrationsViant has enabled more than 41 DSP skills through Model Context Protocol integrations, allowing models such as ChatGPT, Claude and, soon, Grok to create and optimize campaigns, make changes and access reporting through conversational prompts. Integrations are available through Claude, ChatGPT and Cursor, with more planned. Management said the integrations are intended to make Viant accessible without requiring advertisers to learn its traditional interface.
  • TVision Mobile Meter LaunchViant formally launched the TVision mobile meter, which connects linear TV and CTV ad exposure with activity on mobile devices in the same panelist household, including searches, website visits, social interactions and e-commerce purchases. The functionality has rolled out across much of TVision's existing TV panel footprint.
  • Planned TVision Panel ExpansionOver the next year, Viant aims to triple TVision's reach to approximately 15,000 households and 50,000 individuals across the vast majority of U.S. DMAs, with the goal of providing statistically significant attention and mobile activity data at the individual-market level.
  • Waymark Acquisition Adds Generative CTV CreativeViant closed its acquisition of Waymark, a generative AI video creative production platform built for CTV. Waymark can produce professional-grade TV-ready video ads in minutes, including custom scripts, visuals and voiceovers. Viant plans to combine Waymark's creative engine with Household ID, IRIS Content ID and TVision data to create audience-tailored, contextually relevant and attention-optimized creative variations.
  • Waymark Expands CTV AccessibilityManagement said Waymark can reduce traditional creative-production barriers and support CTV advertisers of all sizes, including smaller and midsized businesses. Waymark has media-partner relationships including Spectrum Reach, Nexstar, Sinclair, Comcast, NBCUniversal, Fox, Scripps, Gray, Hearst, TEGNA and Cox Media Group.
  • Direct Supply-Path DifferentiationViant's direct-access supply path connects brands directly to premium publishers, eliminating resellers and enabling advertisers to see savings relative to other platforms. Management said direct access has been a major validation point for customers during testing and onboarding.
  • Strong Profitability and ProductivityAdjusted EBITDA margin as a percentage of contribution ex-TAC was 29% in Q3, approximately 40 basis points above the high end of guidance. Trailing 12-month contribution ex-TAC per employee increased 8% year-over-year, marking 13 consecutive quarterly increases.
  • Robust Cash Flow and Balance SheetViant ended the quarter with $183.2 million in cash and cash equivalents, $198.3 million in positive working capital, no debt and access to a $75 million undrawn credit facility. Nine-month operating cash flow was $35.7 million, up 83% year-over-year, while free cash flow was $20.8 million, up 238% year-over-year.
  • Expanded Share Repurchase AuthorizationViant deployed $5.5 million on share repurchases during the quarter and an additional $13.1 million from quarter-end through November 6. Cumulative program purchases reached $79.2 million. The board approved a $50 million increase in authorization, bringing total authorization since inception to $150 million, with $70.8 million remaining available.
  • Positive Fourth-Quarter GuidanceQ4 guidance calls for revenue of $130.5 million to $133.5 million, up 20% year-over-year and 20% sequentially at the midpoint. Contribution ex-TAC is expected at $80.5 million to $82.5 million, up 26% year-over-year and 21% sequentially. Adjusted EBITDA is expected at $31 million to $32 million, up 27% year-over-year and 59% sequentially, with an adjusted EBITDA margin of approximately 39%, up approximately 40 basis points year-over-year.
  • Strong Full-Year 2026 OutlookAt the midpoint of Q4 guidance, Viant expects full-year 2026 revenue of approximately $435 million, up 26% year-over-year; contribution ex-TAC of approximately $259 million, up 24%; non-GAAP operating expenses of approximately $184 million, up 22%; and adjusted EBITDA of approximately $75 million, up 31%. Adjusted EBITDA margin as a percentage of contribution ex-TAC is expected to be 29%, up approximately 150 basis points year-over-year.
  • 2027 Growth Pipeline and OutlookViant expects growth from existing advertisers, enterprise clients won during 2026 and a pipeline of prospective enterprise customers, including several currently testing the platform. Management said feedback on 2027 RFPs has been incredibly strong, with many head-to-head tests performing extremely well. The company expects 20% or more annual growth in contribution ex-TAC and meaningful adjusted EBITDA margin expansion in 2027.
  • Resilience to Identity and Platform ChangesManagement said Household ID was designed not to track users across sites and apps and is primarily based on publisher-authenticated integrations, particularly in CTV. Viant said TVision's opt-in panel and Mobile Meter can continue feeding cross-device and cross-publisher insights to its optimization models despite changes by Apple.

DSP Earnings History

DSP earnings history
Report DateFiscal QuarterForecast / EPSLast Year's EPSEPS YoY ChangePress Release
Mar 08, 20272026 (Q4)0.22-0.31――
Nov 09, 20262026 (Q3)0.050.000.06-100.00% (-0.06)
Aug 10, 20262026 (Q2)0.03-0.030.02-250.00% (-0.05)
May 11, 20262026 (Q1)-0.01-0.03-0.0757.14% (+0.04)
Mar 11, 20262025 (Q4)0.170.310.1210.00% (+0.21)
Nov 10, 20252025 (Q3)0.050.060.09-33.33% (-0.03)
Aug 11, 20252025 (Q2)0.010.020―
May 06, 20252025 (Q1)-0.07-0.07-0.06-16.67% (-0.01)
Mar 03, 20252024 (Q4)0.140.100.04150.00% (+0.06)
Nov 12, 20242024 (Q3)0.040.09-0.03400.00% (+0.12)

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