The following is a summary of the Viant Technology Inc. (DSP) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Viant Technology exceeded Q3 expectations with significant growth in platform spend, revenue, and adjusted EBITDA.

• Revenue grew 34% year-over-year, with contribution ex-TAC growing by 21%.

• Adjusted EBITDA reached a record $14.7 million for Q3.

• Q3 saw record spend on CTV, up nearly 50% year-over-year.

• Non-GAAP net income improved by 61% year-over-year.

Business Progress:

• Viant announced the acquisition of IRIS.TV, aiming to enhance CTV advertising effectiveness and standardization.

• ViantAI, a fully autonomous advertising software driven by generative AI, was rolled out in Q3.

• Company sees strong adoption and growth in CTV and streaming audio, with CTV spend constituting about 50% of total platform spend.

Opportunities:

• With the integration of IRIS.TV, Viant aims to lead in programmatic advertising enhancements, leveraging AI and focused CTV advancements.

• The company sees an opportunity to add more robust analysis, deeper integrations, and advanced capabilities as a competitive edge in the digital advertising space.

Risks:

• Incremental spend and operational disruptions could arise from integration and scaling of newly acquired IRIS.TV and the rolling out of advanced AI capabilities in ViantAI.

• Overdependence on programmatic CTV and AI could pose risks if market adoption does not meet expectations or if technological advancements do not proceed as planned.

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