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Stock impact report

Viant Technology Inc (DSP) Q3 2024 Earnings Call Highlights: Record Growth and Strategic ... [Yahoo! Finance]

Viant Technology Inc. - common stock (DSP) 
Company Research Source: Yahoo! Finance
Viant Technology Inc ( NASDAQ:DSP ) achieved a new quarterly record for platform spend, with revenue and contribution ex-TAC growing 34% and 21% year-over-year, respectively. The company delivered record Q3 adjusted EBITDA of $14.7 million, marking the seventh consecutive quarter of adjusted EBITDA growth over 40%. Viant Technology Inc ( NASDAQ:DSP ) announced the acquisition of Iris TV, enhancing their CTV targeting and measurement capabilities. The rollout of Vianai AI is generating significant interest, with over 500 early access sign-ups and positive feedback from customers. CTV spend on the platform grew nearly 50% year-over-year, representing a significant portion of the company's growth strategy. The company's fixed price business model results in a high percentage of revenue being accounted as a contra account, raising concerns about margin sustainability. Despite strong growth, the company faces challenges in maintaining its growth rate as the broader digital adv Show less Read more
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