Viant Technology Inc., a leader in AI-powered programmatic advertising, reported record second-quarter 2026 financial results, exceeding the high end of its guidance range across both top and bottom lines. Revenue rose 34% year-over-year to $104,254 thousand, while Non-GAAP diluted earnings per share of $0.12 surpassed the prior-year period's $0.09, representing a 33% increase. The quarter was marked by record Connected TV (CTV) advertiser spend, which increased nearly 50% year-over-year and accounted for over 50% of total advertiser spend on the platform.

"Viant delivered record second-quarter results, exceeding the high end of our guidance range across both top and bottom lines," said Tim Vanderhook, Co-Founder and CEO of Viant. "Viant has successfully evolved into an advertising intelligence company, and our differentiated value proposition is resonating with advertisers and agencies more effectively than ever before."

Second Quarter 2026 Financial Highlights

The following table summarizes key GAAP and Non-GAAP metrics for the second quarter, year-over-year (in thousands, except per share data):

On a GAAP basis, the company reported a net loss of $1,836 thousand for the quarter, compared to net income of $1,787 thousand in the prior-year period, a change of (203)%. GAAP basic and diluted loss per share of Class A common stock were $(0.01) and $(0.03), respectively, versus earnings of $0.02 per share (basic and diluted) in the prior-year period.

Six-Month Performance

For the six months ended June 30, 2026, Viant reported revenue of $192,792 thousand, up from $148,495 thousand in the same period of the prior year. Total operating expenses for the six-month period were $200,602 thousand versus $153,342 thousand previously. Net cash provided by operating activities was $31,265 thousand for the six months ended June 30, 2026, compared to $16,482 thousand in the prior-year period.

Balance Sheet Highlights

As of June 30, 2026, Viant held cash and cash equivalents of $193,053 thousand and total assets of $498,437 thousand, compared to total assets of $474,663 thousand as of December 31, 2025. Total liabilities stood at $179,610 thousand, while total equity was $318,827 thousand.

Recent Business Highlights

• CTV Momentum: CTV spend increased nearly 50% year-over-year, representing over 50% of total advertiser spend on the platform and reaching a record high. Over 80% of CTV spend was transacted through Direct Access, a steep increase from over 50% in Q1 2026.
• TVision Integration: Viant began testing TVision's pre-bid attention intelligence in its technology stack, offering advertisers a first-of-its-kind solution capable of targeting, valuing, and measuring CTV ad inventory based on verified attention metrics. Integration is pacing well ahead of initial expectations.
• Board Addition: Craig Abrahams, who previously served as President and CFO of Playtika, was appointed to Viant's Board as an independent director, bringing more than 25 years of technology, digital media, and strategic M&A experience.
• Industry Recognition: Viant received the 2026 "CTV Innovation Award," marking its third consecutive MarTech Breakthrough Award.

"Revenue increased 34%, exceeding the high-point of our guidance, while Contribution ex-TAC increased 24%, near the high-end of our guidance. We increased adjusted EBITDA by 26%, exceeding the high-point of our guidance," stated Larry Madden, CFO of Viant.

Q3 2026 Guidance

For the third quarter of 2026, the company provided the following outlook:

Viant Technology (NASDAQ: DSP) has announced its revenue guidance for the third quarter, projecting sales between $107.500 million and $110.500 million. This range encompasses the consensus analyst estimate of $109.795 million, signaling that management’s outlook is in line with market expectations for the period.

The guidance suggests a stable operational environment for the digital media company, with no significant deviation from projected performance metrics. By setting a range that brackets the consensus figure, Viant Technology indicates confidence in its ability to meet or exceed current market forecasts without signaling unexpected volatility.

Financial Outlook

The provided data focuses exclusively on top-line revenue expectations. No details regarding net profit, EBITDA, or other profitability metrics were included in the disclosure. The absence of margin or earnings guidance limits the ability to assess underlying profitability trends from this announcement alone.

What the Numbers Show

The narrow band between the low end of the guidance ($107.500 million) and the high end ($110.500 million) reflects a controlled risk profile in Viant Technology’s forecasting. With the midpoint of the guidance range sitting at approximately $109.000 million, the company is positioning itself to potentially beat the consensus estimate if it performs toward the upper end of its projected range. However, the lower bound falls slightly short of the $109.795 million estimate, introducing a minor downside risk if execution lags. This alignment with analyst expectations reduces uncertainty for investors but does not provide new directional insight into growth acceleration or deceleration.