Key Highlights

  • Revenue increased 29% year over year in the third quarter of 2026.
  • Contribution ex-TAC increased 27%, and adjusted EBITDA increased 24%.
  • Connected TV advertiser spend increased nearly 40% and exceeded 50% of total advertiser spend on the platform.
  • The share repurchase authorization was raised by $50 million to $150 million.

Viant Technology (NASDAQ:DSP) reported third-quarter 2026 Revenue growth of 29% over the prior-year period, with Gross Profit up 30%, contribution ex-TAC up 27% and adjusted EBITDA up 24%. The company's Board of Directors also increased its share repurchase authorization by $50 million, to $150 million. Connected TV advertiser spend on the platform grew nearly 40%, and CTV accounted for more than 50% of total advertiser spend.

Revenue and Gross Profit

Revenue increased 29% year over year in the third quarter. Gross profit increased 30% over the same period. The company also reported contribution ex-TAC, a non-GAAP measure that deducts traffic Acquisition costs from revenue, which increased 27%.

For the second consecutive quarter, over 80% of CTV spend on the platform was transacted through Direct Access, according to the company. That share was above 50% in the first quarter of 2026.

Net Income and Adjusted EBITDA

GAAP Net Income for the quarter was $2.6 million, compared with $5.2 million in the prior-year quarter, a decline of 49%. Non-GAAP net income was $13.4 million, compared with $11.2 million a year earlier, an increase of 20%.

Adjusted EBITDA increased 24% year over year.

Share Repurchases and Guidance

During the quarter the company repurchased shares for $18.6 million under its repurchase program, and it net settled shares related to vested Equity awards for $4.6 million. In a separate transaction the company repurchased shares for $23.2 million at an average price of about $12 per share, according to its report.

For the fourth quarter, the company provided guidance for revenue of $130.5 million to $133 million and contribution ex-TAC growth of 26% at the midpoint. It expects adjusted EBITDA growth of 27% at the midpoint, with an adjusted EBITDA Margin of 39%. The company is integrating TVision and Waymark.

Final Word

Viant Technology reported third-quarter 2026 revenue growth of 29%, contribution ex-TAC growth of 27%, adjusted EBITDA growth of 24%, GAAP net income of $2.6 million and non-GAAP net income of $13.4 million. The company raised its repurchase authorization to $150 million.