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VIANT . Viant Technology Announces Second Quarter 2021 Financial Results August 12 , 2021 IRVINE , Calif . , Aug. 12 , 2021 ( GLOBE NEWSWIRE ) -- Viant Technology Inc. ( NASDAQ : DSP ) , a leading people - based advertising software company , today announced financial results for its second quarter ended June 30 , 2021 . " We had a very strong second quarter , highlighted by revenue growth of 66 % and continued momentum with Connected TV , which more than doubled year - over - year , " said Tim Vanderhook , co - founder and CEO of Viant . " Our people - based approach to digital advertising and patented Household Identification technology remain key differentiators that attract customers to our platform as they look to drive tangible ROI from their marketing investments . We are encouraged by the momentum we are seeing across our business and are raising guidance for the full year across all key metrics . " Second Quarter 2021. Financial Highlights : • Revenue : Revenue was $ 50.4 million , an increase of 66 % year - over - year . • Gross Profit : Gross Profit was $ 18.7 million , an increase of 58 % year - over - year . • Contribution ex - TAC : Contribution ex - TAC was $ 32.2 million , an increase of 61 % year - over - year . ( 1 ) • Net Loss : Net Loss was $ 18.1 million , or ( $ 0.32 ) per diluted share of Class A common stock in the second quarter , compared to Net Loss of $ 0.03 million for the same period in 2020 . • Non - GAAP Net Income : Non - GAAP Net Income was $ 5.2 million , or $ 0.06 per diluted share of Class A common stock in the second quarter of 2021. ( 1 ) • Adjusted EBITDA : Adjusted EBITDA was $ 8.3 million , an increase of 203 % versus $ 2.8 million for the same period in 2020. ( 1 ) • Adjusted EBITDA margin : Adjusted EBITDA margin as a percentage of Contribution ex - TAC was 26 % . ( 1 ) Net Income ( Loss ) as a percentage of Gross Profit , the most comparable GAAP measure , is not meaningful due to the Net Loss for the period . Business Highlights : • Contribution ex - TAC from Connected TV grew 105 % year - over - year in the second quarter and represented 41 % of total Contribution ex - TAC . Gross Profit , the most comparable GAAP measure , is not calculable by channel because Other Platform Operations expenses cannot be allocated by channel . • Total Platform Spend increased 58 % year - over - year in the second quarter . ( 2 ) • Total Active Customers grew to 288 by the end of the second quarter , a sequential increase of 22 from 266 at the end of the first quarter of 2021. Average Contribution ex - TAC per Active Customer increased to $ 438 thousand in the second quarter . ( 3 ) " We once again exceeded our guidance across all metrics and demonstrated accelerating growth across our business , " said Larry Madden , CFO of Viant . " In addition to doubling our Connected TV business , we had solid growth of 40 % in all other channels during the quarter . We saw recovery in some of our core advertiser verticals that were hit the hardest by the pandemic , and at the same time are continuing to invest in our people and technology to drive growth in the quarters ahead . " For the third quarter of 2021 , the Company expects : • Revenue in the range of $ 48 million to $ 50 million , which represents year - over - year growth of approximately 19 % to 24 % . • Contribution ex - TAC in the range of $ 32.5 million to $ 33.5 million , which represents year - over - year growth of approximately 16 % to 20 % . • Adjusted EBITDA in the range of $ 4 million to $ 5 million , or Adjusted EBITDA as a percentage of Contribution ex - TAC of 12 % to 15 % . For the full year 2021 , the Company is raising quidance and now expects : • Revenue in the range of $ 205 million to $ 210 million , which represents year - over - year growth of approximately 24 % to 27 % . • Contribution ex - TAC in the range of $ 137 million to $ 142 million , which represents year - over - year growth of approximately 24 % to 28 % . • Adjusted EBITDA in the range of $ 29 million to $ 32 million , or Adjusted EBITDA as a percentage of Contribution ex - TAC of 21 % to 23 % . Contribution ex - TAC , Adjusted EBITDA , Non - GAAP Net Income ( loss ) and Non - GAAP Earnings ( Loss ) per Share 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