Viant Technology : Q4 2024 Earnings Presentation
DSP
EARNINGS PRESENTATION
Q4 & FY 2024
March 3, 2025
HIGHLIGHTS Q4 2024
REVENUE
+40% YoY
CONTRIBUTION EX-TAC
+28% YoY
ADJUSTED EBITDA
+31% YoY
31% Margin(1)
CASH FLOW FROM
OPERATIONS
$16 million
Note:
Amounts shown are rounded for ease of presentation. Please refer to the Company's Annual Report on Form 10-K for the year ended December 31, 2024, for the
Company's actual financial results. Contribution ex-TAC, non-GAAP operating expenses, adjusted EBITDA and adjusted EBITDA as a percentage of contribution ex-TAC are
non-GAAP financial measures. Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures are available in the
appendix. Advertiser spend is defined as the total amount billed to our customers for activity on our platform inclusive of the costs of advertising media, third-party data,
other add-on features and our platform fee that we charge customers.
3
(1)
As a percentage of contribution ex-TAC.
HIGHLIGHTS FY 2024
REVENUE
+30% YoY
CONTRIBUTION EX-TAC
+24% YoY
ADJUSTED EBITDA
+53% YoY
25% Margin(1)
CASH FLOW FROM
OPERATIONS
$52 million
Note:
Amounts shown are rounded for ease of presentation. Please refer to the Company's Annual Report on Form 10-K for the year ended December 31, 2024, for the
Company's actual financial results. Contribution ex-TAC, non-GAAP operating expenses, free cash flow, adjusted EBITDA and adjusted EBITDA as a percentage of
contribution ex-TAC are non-GAAP financial measures. Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures
are available in the appendix. Advertiser spend is defined as the total amount billed to our customers for activity on our platform inclusive of the costs of advertising
media, third-party data, other add-on features and our platform fee that we charge customers.
4
(1)
As a percentage of contribution ex-TAC.
VIANT ACQUIRED LOCKR
Overview
+
Lockr - Transforming Data Collaboration for Identity and Addressability
Highly Compelling Strategic Rationale for Viant
5
STRONG PERFORMANCE
Q4 2024 VS. GUIDANCE
Q4 Guidance
Q4 Actual
Q4 Better / (Worse)
Midpoint(1)
Revenue
$83.5
$90.1
$6.6
Contribution ex-TAC
$52.0
$54.4
$2.4
Non-GAAP Operating Expenses
$35.5
$37.3
$(1.8)
Adjusted EBITDA
$16.5
$17.1
$0.6
Adjusted EBITDA Margin(2)
32%
31%
(1%)
Note: Contribution ex-TAC, non-GAAP operating expenses, adjusted EBITDA, and adjusted EBITDA as a percentage of contribution ex-TAC are non-GAAP financial measures. Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures are available in the appendix.
unreasonable efforts is available in the appendix.
6
(2)
As a percentage of contribution ex-TAC.
REVENUE
FOURTH QUARTER
FULL YEAR
+40% YoY
+30% YoY
$64.4
$90.1
$289.2 $222.9
Q4-23
Q4-24
2023
2024
7
CONTRIBUTION EX-TAC
FOURTH QUARTER
FULL YEAR
+28% YoY
+24% YoY
$54.4 $42.6
$177.4 $143.4
Q4-23
Q4-24
2023
2024
Note: Contribution ex-TAC is a non-GAAP financial measure. A reconciliation of this non-GAAP financial measure to the most directly comparable GAAP financial measure is
8
available in the appendix.
NON-GAAP OPERATING EXPENSES
FOURTH QUARTER
FULL YEAR
+26% YoY
+16% YoY
$29.6
$37.3
$114.3
$132.9
Q4-23
Q4-24
2023
2024
company for long-term market share gains
Note: Non-GAAP operating expenses is a non-GAAP financial measure. A reconciliation of this non-GAAP financial measure to the most directly comparable GAAP financial
9
measure is available in the appendix.
ADJUSTED EBITDA
FOURTH QUARTER
FULL YEAR
+31% YoY
+53% YoY
$17.1
$44.4
$13.0
$29.1
Q4-23
Q4-24
2023
2024
ex-TAC expanded by approximately 500 basis points over the prior year to 25%
Note: Adjusted EBITDA and Contribution ex-TAC are non-GAAP financial measures. Reconciliations of these non-GAAP financial measures to the most directly comparable
10
GAAP financial measures are available in the appendix.
NON-GAAP OPERATING EXPENSES AND ADJUSTED EBITDA
Contribution ex-TAC
Non-GAAP operating expenses
Adjusted EBITDA
Adjusted EBITDA as a percentage of contribution ex-TAC
Q1-23
Q2-23
Q3-23
Q4-23
Q1-24
Q2-24
Q3-24
Q4-24
$28.0
$33.7
$39.1
$42.6
$34.1
$41.6
$47.4
$54.4
$28.4
$26.9
$29.4
$29.6
$31.0
$32.0
$32.7
$37.3
$(0.4)
$6.8
$9.7
$13.0
$3.1
$9.6
$14.7
$17.1
(1%)
20%
25%
31%
9%
23%
31%
31%
Note: Contribution ex-TAC, non-GAAP operating expenses, adjusted EBITDA, and adjusted EBITDA as a percentage of contribution ex-TAC are non-GAAP financial measures.
11
Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures are available in the appendix.
Disclaimer
Viant Technology Inc. published this content on March 04, 2025, and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on March 04, 2025 at 04:14:06.189.