Aug. 12 at 11:43 AM
$DSP For those out there who don’t understand the business (red):
(part 1))
* Revenue +34% YoY to
$104.3M — and +18% sequentially. This is probably the headline number. Growth actually accelerated from +25% in Q1 to +34% in Q2, a 900-basis-point acceleration.
* CTV advertiser spend +nearly 50% YoY. This is especially important because CTV now represents more than 50% of total advertiser spend on Viant’s platform. In other words, its biggest strategic market is also growing dramatically faster than the overall company.
* Contribution ex-TAC +24% YoY to
$60.2M — and +20% sequentially. Even better, this growth rate accelerated from 18% in Q1 → 24% in Q2. That’s evidence that the revenue acceleration isn’t merely an accounting/TAC phenomenon.
* Adjusted EBITDA +26% YoY and +46% sequentially to
$14.2M. This is a major piece of the investment story: Viant isn’t buying its 34% growth by destroying profitability. EBITDA is growing right alongside the business.
