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 fourth quarter and fiscal year results for 2020. The company achieved a quarterly revenue of $56.5 million, up 9% year-over-year, and a full year revenue of $165.3 million, a modest 0.2% increase. Notably, net income for Q4 reached $12.9 million, soaring 138% from the previous year. Platform spend rose 36% in Q4, with connected TV up 71%. For 2021, Viant anticipates revenue between $194 million to $200 million, indicating a growth forecast of 17% to 21%.
Viant Technology has appointed former CFO of First American Financial, Max Valdes, and former President of Taco Bell International, Liz Williams, to its board of directors. This strategic addition aims to leverage their leadership expertise to enhance Viant's growth post-IPO. Valdes will chair the Audit Committee, while Williams will lead the Compensation Committee. Their extensive backgrounds are expected to provide valuable insights and best practices in corporate governance, supporting Viant's objectives in the expanding programmatic advertising market.
Viant Technology Inc. (NASDAQ:DSP) will release its fourth quarter and full year 2020 financial results on March 22, 2021, after U.S. markets close. A conference call and webcast will be held at 2:00 p.m. Pacific Time to discuss its financial performance. Viant operates a self-service Demand Side Platform, Adelphic, facilitating programmatic advertising across multiple channels. The company has linked 115 million U.S. households to over 1 billion connected devices, enhancing its advertising capabilities.
Viant Technology Inc. (NASDAQ:DSP) announced the completion of its initial public offering (IPO) on February 12, 2021. The company sold 10,000,000 shares of Class A common stock at a public price of $25.00 per share. Additionally, existing stockholders exercised their option to sell an extra 1,500,000 shares. Notably, the company did not receive any proceeds from the shares sold by stockholders. Viant's shares commenced trading on the Nasdaq Global Select Market on February 10, 2021.
Viant Technology Inc. (NASDAQ:DSP) has priced its upsized initial public offering (IPO) of 10 million shares of Class A common stock at $25.00 per share. Existing stockholders have granted underwriters a 30-day option to purchase up to 1.5 million additional shares. Trading is expected to begin on February 10, 2021, with the offering closing on February 12, 2021, pending customary conditions. The IPO aims to raise capital for existing shareholders, as the company will not receive proceeds from these sales.