Welcome to our dedicated page for Viant Technology news (Ticker: DSP), a resource for investors and traders seeking the latest updates and insights on Viant Technology stock.
Viant Technology Inc. develops an exclusively buy-side, AI-powered demand-side platform for programmatic advertising across the open internet, with emphasis on connected TV, streaming audio, mobile, desktop and digital out-of-home campaigns. News about DSP commonly covers financial results, advertiser spend trends, CTV adoption, investor conference participation, and platform releases such as ViantAI and Outcomes.
Company updates also include customer and agency partnerships, material agreements, and data or measurement capabilities tied to identity resolution, content signals and campaign performance. Viant’s completed acquisition of TVision Insights added attention measurement signals for television, including eyes-on-screen attention, co-viewership and in-room presence, to its advertising intelligence and measurement activities.
Viant Technology Inc. (Nasdaq: DSP) reported its third quarter 2022 financial results, highlighting a 19% growth in advertiser spend but facing challenges with a 4% decline in GAAP revenue to $48.8 million and a 3% decrease in gross profit to $21.3 million. The net loss widened to $12.4 million, or $(0.22) per diluted share. Despite short-term macroeconomic challenges, Viant remains optimistic about its omnichannel capabilities and strategic position. For Q4 2022, the company anticipates revenue between $52.0 million and $57.0 million, acknowledging a potential 20% to 11% decrease in advertiser spend year-over-year.
Viant Technology Inc. (NASDAQ: DSP) has been recognized as a Leader in the G2 Grid® Report for Demand Side Platform (DSP) for Fall 2022. Their advertising software, Adelphic, received high ratings from users, with 91% rating it 4 or 5 stars. Additionally, Viant was acknowledged as a Leader in the Enterprise Grid® Report for Cross-Channel Advertising. The recognition reflects strong user satisfaction and effective support, which enhances Viant's position in the advertising software market.
Viant Technology Inc (NASDAQ: DSP) will release its third quarter 2022 financial results on November 9, 2022, after the U.S. markets close. A conference call and webcast will follow at 2:00 p.m. Pacific Time to discuss financial performance highlights. Investors can access the webcast via the company’s investor relations website. Viant is recognized as a leader in the advertising software space, providing a platform for omnichannel campaigns, including programmatic advertising through its self-service Demand Side Platform, Adelphic.
Viant Technology Inc. (NASDAQ: DSP) has partnered with Snowflake to enhance data clean rooms, enabling secure data matching and interoperability for their Household ID. This collaboration aims to provide marketers and publishers with efficient data sharing solutions while ensuring compliance with privacy regulations. Through Snowflake’s capabilities, Viant’s customers can connect with a broad range of clients and data under a shared ID, facilitating more effective brand engagements across the open web. Both companies are committed to building a secure advertising ecosystem.
Viant Technology Inc. (NASDAQ: DSP) has appointed Ritesh Patel as Chief Legal Officer and Arish Gajjar as SVP, Deputy General Counsel. Ritesh Patel brings nearly 20 years of legal expertise from companies like Apeel Sciences and The Trade Desk, while Gajjar has over 12 years of experience, previously with The Trade Desk and Time Warner Cable. CEO Tim Vanderhook emphasized that these strategic hires will enhance Viant's growth in the omnichannel advertising sector, aligning with their immediate and long-term business objectives.
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Viant Technology Inc. (NASDAQ: DSP) has appointed Ritesh Patel as Chief Legal Officer and Arish Gajjar as SVP, Deputy General Counsel. This strategic move aims to bolster the company’s legal and operational framework amid its growth in the omnichannel advertising sector. Patel brings nearly two decades of legal experience from various leading tech companies, while Gajjar has over 12 years in technology, media, and telecommunications. These hires are expected to support Viant's immediate and long-term business goals.
Viant Technology Inc. (NASDAQ: DSP) has announced results from a Total Economic Impact™ (TEI) Study, revealing a 143% return on investment (ROI) over three years by using its Adelphic DSP. The study, conducted by Forrester Consulting, assessed four clients and demonstrated over 20% return on ad spend (ROAS) and a potential reach increase of 238% by Year 3. Additionally, the use of Adelphic resulted in $1.5M incremental profit. The findings indicate that brands gain significant value through optimized digital marketing effectiveness.
Viant Technology Inc. (NASDAQ: DSP) announced that its management team will present at the Canaccord 42nd Annual Growth Conference on August 11, 2022, at 3:00 pm ET. The presentation will be available via live webcast on Viant's investor relations website, with a replay accessible after the event.
Viant is known for its cloud-based advertising software that supports omnichannel ad campaigns. The company was recognized as a leader in the DSP category and certified as a Great Place to Work.
Viant Technology Inc. (Nasdaq: DSP) reported its Q2 2022 results with GAAP revenue at $51.2 million, up 2% year-over-year, and gross profit at $20.3 million, an increase of 8%. Despite a net loss of $14.1 million, down from $18.1 million last year, advertiser spend on Viant's Adelphic platform surged 32%. The company expects Q3 revenue between $47.5 million and $50.0 million and a 20% to 25% growth in advertiser spend. Notably, annual revenue guidance has been withdrawn due to macroeconomic uncertainty.