Achieved record second quarter results across all key metrics
Revenue increased 34% year-over-year
Contribution ex-TAC increased 24% year-over-year
Adjusted EBITDA increased 26% year-over-year
CTV advertiser spend(1) increased nearly 50% year-over-year
IRVINE, Calif.--(BUSINESS WIRE)--Viant Technology Inc. (Nasdaq: DSP), a leader in AI-powered programmatic advertising, today reported financial results for its second quarter ended June 30, 2026.
"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. "As indicated by our strong financial performance, we believe Viant is entering into a new phase of accelerated growth, propelled by the continued adoption of our platform by major U.S. advertisers. 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. Leveraging Lattice Brain, our AI-powered decisioning architecture, Viant is built to partner with advertisers and empower clients with proprietary intelligence spanning identity, content, and viewer attention, each of which provides actionable insights that inform purchasing decisions and support optimal campaign outcomes."
Second Quarter 2026 Financial Highlights, year-over-year (in thousands, except percentages and per share data): | |||||||||||
| 2026 |
| 2025 |
| Change (%) | ||||||
| (NM = Not Meaningful) | ||||||||||
GAAP |
|
|
|
|
| ||||||
Revenue | $ | 104,254 |
|
| $ | 77,853 |
|
| 34 | % | |
Gross profit | $ | 45,544 |
|
| $ | 35,883 |
|
| 27 | % | |
Net income (loss) | $ | (1,836 | ) |
| $ | 1,787 |
|
| (203 | )% | |
Net income (loss) as a percentage of gross profit |
| (4 | )% |
|
| 5 | % |
| NM | ||
Net income (loss) attributable to Viant Technology Inc. | $ | (111 | ) |
| $ | 290 |
|
| (138 | )% | |
Earnings (loss) per share of Class A common stock—basic | $ | (0.01 | ) |
| $ | 0.02 |
|
| (150 | )% | |
Earnings (loss) per share of Class A common stock—diluted | $ | (0.03 | ) |
| $ | 0.02 |
|
| (250 | )% | |
Class A and Class B common shares outstanding (as of June 30) |
| 66,455 |
|
|
|
|
| ||||
Cash and cash equivalents (as of June 30) | $ | 193,053 |
|
|
|
|
| ||||
|
|
|
|
|
| ||||||
Non-GAAP(2) |
|
|
|
|
| ||||||
Contribution ex-TAC | $ | 60,204 |
|
| $ | 48,372 |
|
| 24 | % | |
Adjusted EBITDA | $ | 14,208 |
|
| $ | 11,283 |
|
| 26 | % | |
Adjusted EBITDA as a percentage of contribution ex-TAC |
| 24 | % |
|
| 23 | % |
| NM | ||
Non-GAAP net income | $ | 9,869 |
|
| $ | 8,012 |
|
| 23 | % | |
Non-GAAP earnings per share of Class A common stock—basic | $ | 0.15 |
|
| $ | 0.10 |
|
| 50 | % | |
Non-GAAP earnings per share of Class A common stock—diluted | $ | 0.12 |
|
| $ | 0.09 |
|
| 33 | % | |
Recent Business Highlights:
- Began testing TVision's pre-bid attention intelligence in Viant’s technology stack in an effort to provide advertisers with a first-of-its-kind solution, capable of targeting, valuing and measuring CTV ad inventory based on verified attention metrics.
- CTV spend increased nearly 50% representing over 50% of total advertiser spend on the platform and reached a record high in the second quarter.
- Over 80% of CTV spend was transacted through Direct Access, a steep increase from over 50% in Q1 2026.
- Appointed Craig Abrahams, former President and CFO of Playtika, to Viant's Board as an independent director, adding more than 25 years of technology, digital media and strategic M&A experience.
- Viant was recognized for its advances in CTV and AI with the 2026 "CTV Innovation Award," marking Viant's third consecutive MarTech Breakthrough Award.
"We are seeing strong momentum across our business, as evidenced by the meaningful acceleration in revenue and contribution ex-TAC exhibited in the second quarter. 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. "Integration of TVision's eyes-on-screen attention intelligence across Viant's broader technology stack is pacing well ahead of initial expectations and we are encouraged by growing advertiser enthusiasm to deploy our exclusive, first-of-its kind attention targeting solution on a pre-bid basis."
For the third quarter 2026, the Company expects:
- Revenue in the range of $107.5 million to $110.5 million
- Contribution ex-TAC in the range of $65.0 million to $67.0 million
- Non-GAAP operating expenses in the range of $46.5 million to $47.5 million
- Adjusted EBITDA in the range of $18.5 million to $19.5 million
Contribution ex-TAC, non-GAAP operating expenses, adjusted EBITDA, adjusted EBITDA as a percentage of contribution ex-TAC, non-GAAP net income, and non-GAAP earnings (loss) per share of Class A common stock—basic and diluted are non-GAAP financial measures. These non-GAAP financial measures should be considered in addition to, but not as a substitute for, the information provided in accordance with U.S. generally accepted accounting principles ("GAAP"). Reconciliations of these non-GAAP financial measures to Viant’s financial results as determined in accordance with GAAP are included at the end of this press release under “Reconciliation of Non-GAAP Financial Measures.” For a description of these non-GAAP financial measures, including the reasons management uses each measure, please see “Non-GAAP Financial Measures” in this press release. We are not able to estimate gross profit, total operating expenses or net income (loss) on a forward-looking basis or reconcile the guidance provided for contribution ex-TAC, non-GAAP operating expenses, or adjusted EBITDA to the closest corresponding GAAP financial measures on a forward-looking basis without unreasonable efforts due to the variability and complexity with respect to the charges excluded from these non-GAAP financial measures; in particular, the impact of future traffic acquisition costs and other platform operations expenses, as well as the measures and effects of our stock-based compensation related to equity grants that are directly impacted by unpredictable fluctuations in our share price and the potential forfeitures of equity grants. We expect the variability of the above charges could have a significant and potentially unpredictable impact on our future GAAP financial results.
(1) |
| We define advertiser spend 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 we charge customers. |
(2) |
| For a discussion on how we define, use and calculate these non-GAAP financial measures and a reconciliation thereof to the most directly comparable GAAP financial measures, see “Non-GAAP Financial Measures” and the supplementary schedules under “Reconciliation of Non-GAAP Financial Measures” in this press release. |
Supplemental Financial and Other Information:
Supplemental financial and other information can be accessed through Viant’s Investor Relations website at investors.viantinc.com.
As of June 30, 2026, there were 21,052,546 shares of the Company's Class A common stock outstanding and 45,402,216 shares of the Company's Class B common stock outstanding. For more information, please refer to our Quarterly Report on Form 10-Q expected to be filed with the Securities and Exchange Commission ("SEC") on August 10, 2026.
Conference Call and Webcast Details:
Viant will host a conference call and webcast to discuss its financial results on Monday, August 10, 2026 at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). A live webcast of the call can be accessed from Viant’s Investor Relations website. An archived version of the webcast will be available from the same website after the call. Viant Technology has used, and intends to continue to use, the “Investor Relations” section of its website at investors.viantinc.com, its LinkedIn account, the LinkedIn account of its Chief Executive Officer, Tim Vanderhook, the LinkedIn account of its Chief Operating Officer, Chris Vanderhook, its X (formerly known as Twitter) account (@viant_tech), and Chris Vanderhook's X account (@cvanderhook) to post information that may be important to investors. Investors and potential investors are encouraged to consult Viant Technology’s website and the foregoing LinkedIn and X accounts regularly for important information.
About Viant
Viant Technology Inc. (Nasdaq: DSP) is an exclusively buy-side AI-powered advertising platform purpose-built for CTV. Viant uniquely combines proprietary content intelligence, household-level identity resolution, and person-level attention signals to connect advertisers with real customers and drive measurable outcomes across the open internet. Through its award-winning AI solutions, Viant is building the future of autonomous advertising, where AI doesn't just assist the campaign, it delivers real results. Learn more at viantinc.com.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995.
Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and may contain words such as “guidance,” “believe,” “expect,” “estimate,” “commit,” “ensure,” “target,” “project,” “plan,” “will,” or words or phrases with similar meaning.
Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved, if at all. Forward-looking statements contained in this press release relate to, among other things, Viant’s projected financial performance and operating results, including our guidance for revenue, contribution ex-TAC, non-GAAP operating expenses, and adjusted EBITDA, as well as statements regarding Viant’s growth prospects and drivers, strategic priorities, the benefits of Viant’s acquisition of TVision, including enhanced capabilities and expected tailwinds for Viant’s financial results, and impacts from the ViantAI product suite and other offerings. Forward-looking statements are based on current expectations, forecasts and assumptions that involve risks and uncertainties, including, but not limited to, the market for programmatic advertising may develop slower or differently than Viant’s expectations, the demands and expectations of customers, the ability to attract and retain customers, the impact of information and data privacy trends and regulations on our business and competitors, risks related to the use of artificial intelligence technologies, and other economic, competitive, governmental and technological factors outside of our control, that may cause our business, strategy or actual results to differ materially from the forward-looking statements. Investors are referred to our filings with the SEC, including our Annual Report on Form 10-K for the fiscal year ended December 31, 2025 and subsequent Quarterly Reports on Form 10-Q, for additional information regarding the risks and uncertainties that may cause actual results to differ materially from those expressed in any forward-looking statement. We do not intend and undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable law.
VIANT TECHNOLOGY INC. | ||||||||||||||||
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS | ||||||||||||||||
(unaudited; in thousands, except per share data) | ||||||||||||||||
|
Three Months Ended |
Six Months Ended | ||||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||
Revenue | $ | 104,254 |
| $ | 77,853 |
| $ | 192,792 |
| $ | 148,495 |
| ||||
Operating expenses(1): |
|
|
|
| ||||||||||||
Platform operations |
| 58,710 |
|
| 41,970 |
|
| 110,875 |
|
| 82,050 |
| ||||
Sales and marketing |
| 20,474 |
|
| 15,484 |
|
| 36,751 |
|
| 29,713 |
| ||||
Technology and development |
| 10,840 |
|
| 7,691 |
|
| 17,978 |
|
| 14,602 |
| ||||
General and administrative |
| 18,082 |
|
| 12,696 |
|
| 34,998 |
|
| 26,977 |
| ||||
Total operating expenses |
| 108,106 |
|
| 77,841 |
|
| 200,602 |
|
| 153,342 |
| ||||
Income (loss) from operations |
| (3,852 | ) |
| 12 |
|
| (7,810 | ) |
| (4,847 | ) | ||||
Other expense (income), net: |
|
|
|
| ||||||||||||
Interest income, net |
| (1,254 | ) |
| (1,484 | ) |
| (2,616 | ) |
| (3,208 | ) | ||||
TRA remeasurement expense |
| — |
|
| — |
|
| — |
|
| 325 |
| ||||
Total other expense (income), net |
| (1,254 | ) |
| (1,484 | ) |
| (2,616 | ) |
| (2,883 | ) | ||||
Income (loss) before income taxes |
| (2,598 | ) |
| 1,496 |
|
| (5,194 | ) |
| (1,964 | ) | ||||
Provision for (benefit from) income taxes |
| (762 | ) |
| (291 | ) |
| (1,168 | ) |
| (444 | ) | ||||
Net income (loss) |
| (1,836 | ) |
| 1,787 |
|
| (4,026 | ) |
| (1,520 | ) | ||||
Less: Net income (loss) attributable to noncontrolling interests |
| (1,725 | ) |
| 1,497 |
|
| (3,460 | ) |
| (620 | ) | ||||
Net income (loss) attributable to Viant Technology Inc. | $ | (111 | ) | $ | 290 |
| $ | (566 | ) | $ | (900 | ) | ||||
Earnings (loss) per share of Class A common stock: |
|
|
|
| ||||||||||||
Basic | $ | (0.01 | ) | $ | 0.02 |
| $ | (0.03 | ) | $ | (0.06 | ) | ||||
Diluted | $ | (0.03 | ) | $ | 0.02 |
| $ | (0.06 | ) | $ | (0.06 | ) | ||||
Weighted-average shares of Class A common stock outstanding: |
|
|
|
| ||||||||||||
Basic |
| 19,695 |
|
| 15,996 |
|
| 18,767 |
|
| 16,216 |
| ||||
Diluted |
| 65,193 |
|
| 19,903 |
|
| 64,328 |
|
| 16,216 | |||||
(1) |
| Stock-based compensation and depreciation and amortization included in operating expenses are as follows (in thousands): |
|
Three Months Ended |
|
Six Months Ended | |||||||||
| 2026 |
| 2025 |
| 2026 |
| 2025 | |||||
Stock-based compensation: |
|
|
|
|
|
|
| |||||
Platform operations | $ | 955 |
| $ | 998 |
| $ | 1,643 |
| $ | 1,890 | |
Sales and marketing |
| 3,304 |
|
| 1,819 |
|
| 5,707 |
|
| 3,319 | |
Technology and development |
| 2,467 |
|
| 1,037 |
|
| 3,443 |
|
| 1,795 | |
General and administrative |
| 3,224 |
|
| 2,489 |
|
| 5,734 |
|
| 4,978 | |
Total stock-based compensation | $ | 9,950 |
| $ | 6,343 |
| $ | 16,527 |
| $ | 11,982 | |
|
Three Months Ended |
|
Six Months Ended | |||||||||
| 2026 |
| 2025 |
| 2026 |
| 2025 | |||||
Depreciation and amortization: |
|
|
|
|
|
|
| |||||
Platform operations | $ | 4,761 |
| $ | 3,674 |
| $ | 9,578 |
| $ | 7,246 | |
Sales and marketing |
| 130 |
|
| 79 |
|
| 226 |
|
| 153 | |
Technology and development |
| 510 |
|
| 717 |
|
| 984 |
|
| 1,307 | |
General and administrative |
| 163 |
|
| 89 |
|
| 249 |
|
| 177 | |
Total depreciation and amortization | $ | 5,564 |
| $ | 4,559 |
| $ | 11,037 |
| $ | 8,883 | |
VIANT TECHNOLOGY INC. | ||||||||
CONDENSED CONSOLIDATED BALANCE SHEETS | ||||||||
(unaudited; in thousands, except share and per share data) | ||||||||
|
As of |
|
As of | |||||
| 2026 |
| 2025 | |||||
Assets |
|
|
| |||||
Current assets: |
|
|
| |||||
Cash and cash equivalents | $ | 193,053 |
|
| $ | 191,151 |
| |
Accounts receivable, net of allowances |
| 145,142 |
|
|
| 177,139 |
| |
Prepaid expenses and other current assets |
| 12,235 |
|
|
| 7,902 |
| |
Total current assets |
| 350,430 |
|
|
| 376,192 |
| |
Property, equipment, and software, net |
| 37,603 |
|
|
| 35,069 |
| |
Operating lease assets, net |
| 20,277 |
|
|
| 19,689 |
| |
Intangible assets, net |
| 14,500 |
|
|
| 2,899 |
| |
Goodwill |
| 32,602 |
|
|
| 19,190 |
| |
Deferred tax assets |
| 34,138 |
|
|
| 17,524 |
| |
Other assets |
| 8,887 |
|
|
| 4,100 |
| |
Total assets | $ | 498,437 |
|
| $ | 474,663 |
| |
Liabilities and stockholders’ equity |
|
|
| |||||
Liabilities |
|
|
| |||||
Current liabilities: |
|
|
| |||||
Accounts payable | $ | 66,619 |
|
| $ | 83,520 |
| |
Accrued liabilities |
| 57,224 |
|
|
| 50,828 |
| |
Accrued compensation |
| 9,708 |
|
|
| 12,988 |
| |
Deferred revenue |
| 2,240 |
|
|
| 583 |
| |
Current portion of operating lease liabilities |
| 5,236 |
|
|
| 5,080 |
| |
Other current liabilities |
| 8,826 |
|
|
| 4,036 |
| |
Total current liabilities |
| 149,853 |
|
|
| 157,035 |
| |
Long-term debt |
| — |
|
|
| — |
| |
Long-term portion of operating lease liabilities |
| 16,902 |
|
|
| 16,668 |
| |
Long-term portion of TRA liability |
| 12,855 |
|
|
| 12,159 |
| |
Total liabilities |
| 179,610 |
|
|
| 185,862 |
| |
Commitments and contingencies |
|
|
| |||||
Stockholders’ equity |
|
|
| |||||
Preferred stock, $0.001 par value |
|
|
| |||||
Authorized shares — 10,000,000 |
|
|
| |||||
Issued and outstanding — none |
| — |
|
|
| — |
| |
Class A common stock, $0.001 par value |
|
|
| |||||
Authorized shares — 450,000,000 |
|
|
| |||||
Issued — 21,052,546 and 18,271,293 |
| 21 |
|
|
| 18 |
| |
Outstanding — 21,052,546 and 17,593,198 |
|
|
| |||||
Class B common stock, $0.001 par value |
|
|
| |||||
Authorized shares — 150,000,000 |
|
|
| |||||
Issued and outstanding — 45,402,216 and 45,717,216 |
| 45 |
|
|
| 46 |
| |
Additional paid-in capital |
| 217,876 |
|
|
| 182,744 |
| |
Accumulated deficit |
| (104,493 | ) |
|
| (91,751 | ) | |
Treasury stock, at cost; 0 and 678,095 shares held |
| — |
|
|
| (8,920 | ) | |
Total stockholders’ equity attributable to Viant Technology Inc. |
| 113,449 |
|
|
| 82,137 |
| |
Noncontrolling interests |
| 205,378 |
|
|
| 206,664 |
| |
Total equity |
| 318,827 |
|
|
| 288,801 |
| |
Total liabilities and stockholders’ equity | $ | 498,437 |
|
| $ | 474,663 |
| |
VIANT TECHNOLOGY INC. | ||||||||
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS | ||||||||
(unaudited; in thousands) | ||||||||
|
Six Months Ended | |||||||
| 2026 |
| 2025 | |||||
Cash flows from operating activities: |
|
|
| |||||
Net loss | $ | (4,026 | ) |
| $ | (1,520 | ) | |
Adjustments to reconcile net loss to net cash provided by operating activities: |
|
|
| |||||
Depreciation and amortization |
| 11,037 |
|
|
| 8,883 |
| |
Stock-based compensation |
| 16,527 |
|
|
| 11,982 |
| |
Provision for doubtful accounts |
| 972 |
|
|
| 419 |
| |
Loss on disposal of assets |
| 157 |
|
|
| — |
| |
Noncash lease expense |
| 2,506 |
|
|
| 2,101 |
| |
Deferred taxes |
| (1,435 | ) |
|
| — |
| |
Changes in operating assets and liabilities: |
|
|
| |||||
Accounts receivable |
| 31,950 |
|
|
| 11,194 |
| |
Prepaid expenses and other assets |
| (6,431 | ) |
|
| 3,008 |
| |
Accounts payable |
| (19,923 | ) |
|
| (4,413 | ) | |
Accrued liabilities |
| 5,422 |
|
|
| (8,887 | ) | |
Accrued compensation |
| (3,588 | ) |
|
| (2,152 | ) | |
Deferred revenue |
| (38 | ) |
|
| 5 |
| |
Operating lease liabilities |
| (2,711 | ) |
|
| (2,243 | ) | |
Other liabilities |
| 846 |
|
|
| (1,895 | ) | |
Net cash provided by operating activities |
| 31,265 |
|
|
| 16,482 |
| |
Cash flows from investing activities: |
|
|
| |||||
Purchases of property and equipment |
| (1,029 | ) |
|
| (599 | ) | |
Capitalized software development costs |
| (8,847 | ) |
|
| (7,923 | ) | |
Cash paid for acquisitions, net of cash acquired |
| (15,438 | ) |
|
| (544 | ) | |
Cash paid for investments |
| — |
|
|
| (3,500 | ) | |
Net cash used in investing activities |
| (25,314 | ) |
|
| (12,566 | ) | |
Cash flows from financing activities: |
|
|
| |||||
Repurchase of stock related to tax withholdings on vested equity awards |
| (3,121 | ) |
|
| (3,232 | ) | |
Repurchase of stock related to the stock repurchase program |
| (987 | ) |
|
| (28,117 | ) | |
Payment of member tax distributions |
| (665 | ) |
|
| (6,620 | ) | |
Proceeds from the exercise of stock options |
| 1,003 |
|
|
| 1,821 |
| |
Payment on tax receivable agreement liability |
| (279 | ) |
|
| — |
| |
Net cash used in financing activities |
| (4,049 | ) |
|
| (36,148 | ) | |
Net increase (decrease) in cash and cash equivalents |
| 1,902 |
|
|
| (32,232 | ) | |
Cash and cash equivalents at beginning of period |
| 191,151 |
|
|
| 205,048 |
| |
Cash and cash equivalents at end of period | $ | 193,053 |
|
| $ | 172,816 |
| |
Non-GAAP Financial Measures
To provide investors and others with additional information regarding Viant’s results, we have included in this press release the following financial measures that are not calculated in accordance with GAAP: contribution ex-TAC, non-GAAP operating expenses, adjusted EBITDA, adjusted EBITDA as a percentage of contribution ex-TAC, non-GAAP net income (loss) and non-GAAP earnings (loss) per share of Class A common stock—basic and diluted. The Company’s management believes that this information can assist investors in evaluating the Company’s operational trends, financial performance, and cash generating capacity. Management believes these non-GAAP financial measures allow investors to evaluate the Company’s financial performance using some of the same measures as management.
Contribution ex-TAC is a non-GAAP financial measure. Gross profit is the most comparable GAAP financial measure, which is calculated as revenue less platform operations expense. In calculating contribution ex-TAC, we add back other platform operations expense to gross profit. Contribution ex-TAC is a key profitability measure used by our management and board of directors to understand and evaluate our operating performance and trends, develop short- and long-term operational plans and make strategic decisions regarding the allocation of capital. “Traffic acquisition costs” or “TAC” represents amounts incurred and payable to suppliers for the cost of advertising media, third-party data and other add-on features related to our fixed cost per mille pricing option and certain arrangements related to our percentage of spend pricing option. In particular, we believe that contribution ex-TAC can provide a measure of period-to-period comparisons for all pricing options within our business. Accordingly, we believe that this measure provides information to investors and the market in understanding and evaluating our operating results in the same manner as our management and board of directors.
Non-GAAP operating expenses is a non-GAAP financial measure. Total operating expenses is the most comparable GAAP financial measure. Non-GAAP operating expenses is defined by us as total operating expenses plus other expense, net, less TAC, stock-based compensation, depreciation, amortization, and certain other items that are not related to our core operations, such as acquisition and restructuring costs. Non-GAAP operating expenses is a key component in calculating adjusted EBITDA, which is one of the measures we use to provide our business outlook to the investment community. Additionally, non-GAAP operating expenses is used by our management and board of directors to understand and evaluate our operating performance and trends, to prepare and approve our annual budget and to develop short- and long-term operational plans. We believe that the elimination of TAC, stock-based compensation, depreciation, amortization and certain other items not related to our core operations provides another measure for period-to-period comparisons of our business, provides additional insight into our core controllable costs, and is a useful metric for investors because it allows them to evaluate our operational performance in the same manner as our management and board of directors.
Adjusted EBITDA is a non-GAAP financial measure defined by us as net income (loss) before interest expense (income), net, income tax benefit (expense), depreciation, amortization, stock-based compensation and certain other items that are not related to our core operations, such as acquisition and restructuring costs as well as Tax Receivable Agreement (the "TRA") remeasurement expense. Net income (loss) is the most comparable GAAP financial measure. Adjusted EBITDA as a percentage of contribution ex-TAC is a non-GAAP financial measure we calculate by dividing adjusted EBITDA by contribution ex-TAC for the period or periods presented. Net income (loss) as a percentage of gross profit is the most comparable GAAP financial measure.
Adjusted EBITDA and adjusted EBITDA as a percentage of contribution ex-TAC are used by our management and board of directors to understand and evaluate our core operating performance and trends, to prepare and approve our annual budget and to develop short- and long-term operational plans. In particular, we believe that the exclusion of the amounts eliminated in calculating adjusted EBITDA can provide a measure for period-to-period comparisons of our business. Adjusted EBITDA as a percentage of contribution ex-TAC, a non-GAAP financial measure, is used by our management and board of directors to evaluate adjusted EBITDA relative to our profitability after costs that are directly variable to revenues, which comprise TAC. Accordingly, we believe that adjusted EBITDA and adjusted EBITDA as a percentage of contribution ex-TAC provide information to investors and the market in understanding and evaluating our operating results in the same manner as our management and board of directors.
Non-GAAP net income (loss) is a non-GAAP financial measure defined by us as net income (loss) adjusted to eliminate the impact of stock-based compensation and certain other items that are not related to our core operations, such as acquisition and restructuring costs as well as TRA remeasurement expense and the income tax effect of these adjustments. Net income (loss) is the most comparable GAAP financial measure.
Contacts
Media Contact:
Marielle Lyon
press@viantinc.com
Investor Contact:
Nick Zangler
nzangler@viantinc.com
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