Viant Technology Inc. Class A Common Stock 2026 Q2 Earnings Call
Review the key takeaways and the transcript of this earnings call.
- Viant Technology reported second quarter 2026 revenue of $104.3 million, a 34% year-over-year increase and 18% sequentially, exceeding the high end of guidance by 3%.
- Contribution ex TAC grew 24% year over year, with TAC totaling $60.2 million, up 24% year over year and 20% sequentially.
- Adjusted EBITDA increased 26% year over year to $14.2 million, surpassing the high end of guidance, with an adjusted EBITDA margin of 24% of contribution, expanding 30 basis points year over year.
- Non-GAAP operating expenses were $46 million, up 24% year over year, partly due to the acquisition of Te vision.
- Cash and cash equivalents totaled $193.1 million with no debt and an undrawn $75 million credit facility.
- Free cash flow increased 39% year over year to $22.4 million for the quarter.
- CTV spend grew nearly 50% in the quarter, accounting for over 50% of total platform spend.
- Direct access CTV spend rose to over 80% of CTV ad spend on the platform, up from just over 50% in Q1 2026.
- Viant AI's Outcomes product accounted for 5% of total ad spend year to date, showing strong early adoption.
- Viant's proprietary intelligence solutions include Household ID, Iris content ID, and Te vision's attention data, which collectively drive superior ad campaign performance.
- The company completed 42 pilot campaigns using Te vision's attention data, with over 80% achieving higher conversion rates and notable lifts in verticals such as home improvement, online university, and state tourism.
- Viant added Craig Abrams to its Board of Directors, bringing experience in technology and digital media.
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Transcript
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Your full name and firm. If you would like to ask a question during the call, please use the raise hand feature located at the bottom of your Zoom toolbar. Thank you for your attendance today. I would now like to turn the call over to Nicholas Zangler, SVP of Investor Relations for Viant.
Thank you. Good afternoon, and welcome to Viant Technology's second quarter 2026 earnings conference call. On the call today are Tim Vanderhook, Co-founder and Chief Executive Officer, Chris Vanderhook, Co-founder and Chief Operating Officer, and Larry Madden, Chief Financial Officer. I'd like to remind you that we will make forward-looking statements on our call today, including, but not limited to, statements regarding our guidance for Q3 2026 and other future financial results, our strategy, our growth opportunities, performance and benefits of our products, our platform development initiatives, including ViantAI, expected benefits of our acquisition of TVision, our pipeline and potential partnership opportunities, our share repurchase program, potential tailwinds and industry trends that are based on assumptions and subject to future events, risks, and uncertainties that could cause actual results to differ materially from those projected.
These forward-looking statements speak only as of today, and we undertake no obligation to update or revise these statements except as required by law. For more information about factors that may cause actual results to differ materially from forward-looking statements and our entire safe harbor statement, please refer to the news release issued today, as well as the risks and uncertainties described in our quarterly report on Form 10-Q for the quarter ended June 30, 2026, under the heading Risk Factors and in our other filings with the SEC. During today's call, we will also present both GAAP and non-GAAP financial measures.
Additional disclosures regarding these non-GAAP measures, including a reconciliation of non-GAAP financial measures to the most directly comparable GAAP financial measures, are included in the news release issued today and in our earnings presentation, which have been posted on the investor relations page of the company's website and in our filings with the SEC. I would now like to turn the call over to Tim Vanderhook, Chief Executive Officer of Viant.
Tim? Thanks, Nick, and thanks to everyone for joining us today.
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