Press release
Viant Technology Announces Fourth Quarter and Full Year 2023 Financial Results
IRVINE, Calif.--(BUSINESS WIRE)-- Viant Technology Inc. (Nasdaq: DSP), a leading people-based advertising technology company, today reported financial
About this update from Viant Technology Inc.
[{"type":"text","content":" IRVINE, Calif.--(BUSINESS WIRE)--\nViant Technology Inc. (Nasdaq: DSP), a leading people-based advertising technology company, today reported financial results for its fourth quarter and full year ended December 31, 2023.\n\n\n“Our strong fourth quarter results capped off a year of accelerating growth and innovation at Viant,” said Tim Vanderhook, Co-Founder and CEO, Viant. “With the impending deprecation of cookies, I believe we are at a tipping point in the market where advertisers are looking for new platforms for their omnichannel programmatic advertising needs, and we are seeing this materialize in customers shifting budgets to Viant. We have over ten years of R&D invested in our Household ID technology which enables advertisers to plan, buy, and measure their spend in cookie-free environments, and our new AI product suite drove even more return on ad spend for our customers. We are uniquely well positioned to benefit from the changes in programmatic advertising and are very excited about our growth prospects in 2024 and beyond.”\n\n\nFourth quarter and full year 2023 Financial Highlights, year-over-year (in thousands, except percentages and per share data):\n\n\n\n\n \n\n\n\n\n\n\n\nThree Months Ended\nDecember 31,\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\nYear Ended\nDecember 31,\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n2023\n\n\n\n\n\n\n \n\n\n\n\n\n\n2022\n\n\n\n\n\n\n \n\n\n\n\n\n\nChange (%)\n\n\n\n\n\n\n \n\n\n\n\n\n\n2023\n\n\n\n\n\n\n \n\n\n\n\n\n\n2022\n\n\n\n\n\n\n \n\n\n\n\n\n\nChange (%)\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n(NM = Not Meaningful)\n\n\n\n\n\n\n\n\nGAAP\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nRevenue\n\n\n\n\n\n\n\n$\n\n\n\n\n\n\n64,406\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n54,509\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n18 %\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n222,934\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n197,168\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n13 %\n\n\n\n\n\n\n\n\nGross profit\n\n\n\n\n\n\n\n$\n\n\n\n\n\n\n31,752\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n22,458\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n41 %\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\...