Viant Technology Inc. (Nasdaq: DSP), a prominent player in the realm of AI-powered programmatic advertising, announced its financial results for the third quarter ended September 30, 2025, showcasing remarkable growth across several key metrics.

1. Strong Growth in Financials

Tim Vanderhook, Co-Founder and CEO of Viant, expressed enthusiasm about the company's performance, stating, "Viant delivered record third quarter results, with revenue, contribution ex-TAC, and adjusted EBITDA all exceeding the midpoint of our guidance." The company's financial highlights are as follows:

Key Financial Metrics (Year-over-Year)

Financial Metric	2025 (in thousands)	2024 (in thousands)	Change (%)
Revenue	$85,582	$79,922	7%
Gross Profit	$39,839	$35,324	13%
Net Income	$5,153	$6,458	(20%)
Net Income Attributable to Viant	$996	$1,507	(34%)
Earnings per Share (Basic & Diluted)	$0.06	$0.09	(33%)
Contribution ex-TAC	$52,990	$47,352	12%
Adjusted EBITDA	$16,029	$14,675	9%

Despite a solid revenue growth of 7%, Viant’s net income experienced a decline of 20% year-over-year, primarily attributed to increased operating costs and investments in new technologies and partnerships.

2. Strategic Partnerships and Innovations

Viant's strategic initiatives appear to be paying dividends, as highlighted by several recent business developments:

Partnership with Molson Coors: Viant has been named the advertising platform for Molson Coors, set to launch programmatic ad campaigns across the open internet in the U.S. starting in 2026.

Recognition for Innovation: The company was awarded the "Best AI-Powered Advertising Solution" at the 8th annual MarTech Breakthrough Awards, underscoring its leadership in the marketing technology sector.

Record CTV and Audio Ad Spend: Viant recorded unprecedented connected TV (CTV) and streaming audio ad spend during the quarter, signifying a growing demand in these rapidly expanding markets.

Larry Madden, CFO of Viant, highlighted the positive trajectory of the business, stating, "Contribution ex-TAC grew 12%, reaching the high-end of our guidance range." He also noted that when excluding political spending and the effects of a seasonal advertiser transition, revenue increased by 19%.

3. Outlook for Q4 2025

Looking ahead, Viant provided optimistic guidance for the fourth quarter of 2025, aiming for:

Revenue: Between $101.5 million and $104.5 million

Contribution ex-TAC: Between $62.0 million and $64.0 million

Adjusted EBITDA: Between $22.5 million and $23.5 million

This guidance reflects the company’s confidence in its ability to maintain momentum, and the anticipated growth aligns with its strategic focus on expanding its client base and enhancing its technology offerings.

4. Conclusion

Viant Technology Inc. has demonstrated resilience and growth potential in the competitive landscape of programmatic advertising. With a solid financial foundation, strategic partnerships, and a commitment to innovation, the company is well-positioned for continued success in the forthcoming quarters. Investors and stakeholders will be keenly watching how these developments translate into future performance as Viant navigates the evolving advertising landscape.

Original press release