Viant Technology Inc. Reports Record Financial Results for Q4 and Full Year 2025
Viant Technology Inc. (Nasdaq: DSP), a prominent player in AI-powered programmatic advertising, announced its financial results for the fourth quarter and full year ending December 31, 2025. The company has reported impressive growth across various metrics, underscoring its robust market position and strategic initiatives.
1. Record-Breaking Performance
Tim Vanderhook, Co-Founder and CEO of Viant, expressed pride in the company's performance, stating, “Viant delivered record fourth quarter and full year results, with revenue, contribution ex-TAC and adjusted EBITDA surpassing the high end of our guidance for the quarter.” The company sees significant potential for accelerated growth due to the recent launch of "Outcomes," an innovative AI Decisioning advertising solution designed for the open internet.
Fourth Quarter and Full Year Financial Highlights
The financial results for the fourth quarter and full year reveal substantial year-over-year increases across key performance indicators:
| Metric | Q4 2025 | Q4 2024 | Change (%) | FY 2025 | FY 2024 | Change (%) |
|---|---|---|---|---|---|---|
| Revenue | $110,124 | $90,054 | 22% | $344,201 | $289,235 | 19% |
| Gross Profit | $51,301 | $42,490 | 21% | $157,585 | $132,071 | 19% |
| Net Income | $20,463 | $7,720 | 165% | $24,096 | $12,452 | 94% |
| Adjusted EBITDA | $24,711 | $17,091 | 45% | $57,424 | $44,441 | 29% |
The company’s revenue for Q4 2025 reached $110.1 million, up 22% from the previous year, while full-year revenue increased by 19% to $344.2 million. Gross profit also saw significant growth, reflecting effective operational strategies and cost management.
2. Exceptional Net Income Growth
Net income for Q4 surged to $20.5 million, a 165% increase compared to the same quarter in 2024. For the full year, net income grew by 94% to $24.1 million, showcasing the company's ability to convert revenue into profit effectively. Earnings per share for Class A common stock also experienced notable growth, with basic EPS reaching $0.49 for Q4 and $0.51 for the full year.
Non-GAAP Financial Metrics
Viant also reported strong non-GAAP financial metrics, which are crucial for understanding the company's operational efficiency:
- Contribution ex-TAC: Increased by 19% year-over-year to $64.6 million in Q4 and by 18% to $208.7 million for the full year.
- Adjusted EBITDA: Rose by 45% year-over-year to $24.7 million in Q4, demonstrating a healthy profit margin.
Larry Madden, CFO of Viant, noted, “We concluded a record-setting year with exceptional fourth quarter performance and strong momentum as we enter 2026.” The CFO emphasized that the growth in contribution ex-TAC accelerated despite challenges from elevated political advertising in the prior year.
3. Strategic Business Developments
Viant's recent strategic moves have set the stage for future growth:
- The company has been designated as the advertising platform for WHOOP, a leader in wearable technology, beginning a multi-year partnership to power programmatic ad campaigns.
- Connected TV (CTV) advertising reached a record high, accounting for 46% of total advertiser spend on Viant’s platform, reflecting a shift in advertising dynamics.
- The launch of "Outcomes," an autonomous advertising solution, is expected to expand Viant's total addressable market and enhance campaign performance for a diverse range of advertisers.
4. Guidance for 2026
Looking ahead, Viant provided guidance for the first quarter of 2026:
- Expected revenue between $83.0 million and $86.0 million.
- Contribution ex-TAC projected between $49.0 million and $51.0 million.
- Anticipated adjusted EBITDA in the range of $8.5 million to $9.5 million.
Viant's strong financial performance, strategic partnerships, and innovative product offerings position it favorably to capitalize on growth opportunities in the evolving advertising landscape. With a clear focus on enhancing operational efficiency and driving revenue growth, the company is poised for another record-breaking year in 2026.
