Q2 2024 Viant Technology Inc Earnings Call Transcript
Key Points
- Record advertiser spend on the platform, surpassing the seasonally strong Q4 of 2023.
- Revenue in Q2 grew 15% year-over-year, with contribution ex-TAC increasing by 23%.
- Adjusted EBITDA rose by 41% year-over-year to $9.6 million.
- Strong momentum in CTV and streaming audio channels, with CTV spend growing over 40% year-over-year.
- Introduction of ViantAI, a rebranded suite of AI products aimed at revolutionizing digital ad campaigns.
- Continued reliance on a small number of large customers, which could pose a risk if any major client reduces spend.
- Ongoing industry challenges with centralized power exerted by a few large players, such as Google.
- Potential uncertainty and market shifts due to Google's announcement to reverse course on cookie deprecation.
- High competition in the ad-tech space, particularly from established players like Trade Desk and Google.
- Challenges in raising awareness and adoption of their political advertising products, which may limit growth in that segment.
Hello everyone and welcome to Viant Technology's second-quarter 2024 earnings conference call. My name is Annabeth and I will be your operator today. Before I hand the call over to the Viant Leadership team, I'd like to go over just a few housekeeping notes for the program. As a reminder, this call is being recorded.
After the speakers' remarks, there will be a question-and-answer session. (Operator Instructions) Thank you for your attendance today, and I will now turn the call over to Nicole Kunzman from The Blueshirt Group.
Thank you, Annabeth. Good afternoon and welcome to Viant Technology's second-quarter 2024 earnings conference call. On the call today are Tim Vanderhook, Co-Founder and Chief Executive Officer; Chris Vanderhook, Co-Founder and Chief Operating Officer and Larry Madden, Chief Financial Officer. I'd like to remind you that we will make forward-looking statements on our call today, including, but not limited to our guidance for Q3 2024, our platform development initiatives and industry
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
