Viant Technology (NASDAQ:DSP) Q3 2025 Earnings: EPS Beats Estimates, Revenue Slightly Misses

VIANT TECHNOLOGY INC-A (NASDAQ:DSP) reported financial results for the third quarter of 2025, delivering a performance that presented a mixed picture for investors. The company's key profitability metrics exceeded internal expectations, though its top-line revenue narrowly missed analyst consensus forecasts, leading to a nuanced market reaction in after-hours trading.

Quarterly Performance vs. Estimates

The advertising technology firm reported revenue of $85.6 million for the quarter ended September 30, 2025, falling slightly short of analyst estimates of $86.4 million. This represents a 7% year-over-year increase from the $79.9 million reported in the same quarter last year.

Where the company demonstrated significant strength was in its profitability measures. Viant reported non-GAAP earnings per share of $0.12, substantially outperforming the analyst consensus estimate of $0.07 per share. This earnings beat of approximately 62% highlights the company's ability to maintain strong profit margins despite the revenue shortfall.

Key financial highlights from the quarter include:

• Contribution ex-TAC grew 12% year-over-year to $53.0 million
• Adjusted EBITDA increased 9% to $16.0 million
• Gross profit expanded 13% to $39.8 million
• Cash and cash equivalents stood at $161.3 million as of September 30

Market Reaction and Price Action

Following the earnings release, the stock experienced modest movement in after-hours trading, with prices settling approximately 8.35% above the previous close. This positive reaction suggests investors are focusing more on the substantial earnings beat and strong profitability metrics rather than the slight revenue miss. The market appears to be rewarding the company's disciplined expense management and improved bottom-line performance.

Business Highlights and Strategic Initiatives

The quarter featured several significant business developments that underscore Viant's strategic positioning in the competitive advertising technology landscape. The company was designated as the advertising platform for Molson Coors Beverage Company, with programmatic campaigns scheduled to launch across the U.S. beginning in 2026.

Other notable achievements included:

• Record Connected TV ad spend, accounting for 46% of total platform ad spend
• Expansion of IRIS_ID contextual identifier through integration with Tubi
• Recognition as "Best AI-Powered Advertising Solution" at the MarTech Breakthrough Awards
• Continued share repurchases totaling $59.6 million through November 7, 2025

Forward Guidance and Analyst Expectations

Looking ahead to the fourth quarter of 2025, Viant provided optimistic guidance that suggests accelerating growth momentum. The company expects revenue in the range of $101.5 million to $104.5 million and contribution ex-TAC between $62.0 million and $64.0 million.

Notably, the company's revenue guidance midpoint of $103 million compares favorably to analyst estimates of $100.2 million for Q4 2025. Management specifically highlighted that excluding certain headwinds from political spend and a seasonal advertiser transition, they expect revenue and contribution ex-TAC growth of 20% and 21% respectively at the midpoint of guidance.

CFO Larry Madden emphasized the company's positive trajectory, stating, "We believe we are poised to meaningfully accelerate both top and bottom-line growth, attributable to a number of newly acquired brand and agency clients seeking to utilize our unique CTV product offering, industry-leading addressability solutions and ViantAI product suite."

For a comprehensive view of Viant's earnings history and future estimates, review the detailed earnings and estimates page.

Disclaimer: This article is for informational purposes only and does not constitute investment advice, financial analysis, or recommendation to buy or sell any security. Investors should conduct their own research and consult with financial advisors before making investment decisions.