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Viant Technology Inc. - DSP STOCK NEWS

Welcome to our dedicated page for Viant Technology news (Ticker: DSP), a resource for investors and traders seeking the latest updates and insights on Viant Technology stock.

Viant Technology Inc. (Class A Common Stock, symbol: DSP) is a premier advertising technology company, specializing in enabling marketers to plan, execute, and measure their digital media investments through a cutting-edge, cloud-based platform. Founded in 1999, Viant has built its business on a foundation of people-based data, eschewing traditional cookie-based tracking. This approach provides marketers with access to over 1.2 billion registered users, making it one of the largest databases of registered users in the world.

Core Business: Viant's primary offering is the Viant Advertising Cloud™, which enhances the accuracy, reach, and accountability of cross-device advertising. The platform supports programmatic purchasing across various channels including desktop, mobile, connected TV, linear TV, streaming audio, and digital billboards. The company also owns and operates Adelphic, a leading self-service platform for cross-channel programmatic advertising, and the once-popular social network MySpace.

Recent Achievements and Partnerships: In 2016, Viant became a subsidiary of Time Inc., before being acquired by Meredith Corporation in 2018. This acquisition allowed Viant to be part of a broader cross-channel ecosystem, enhancing its reach to nearly 200 million unduplicated American consumers.

Current Projects and Financial Condition: Viant continues to innovate in the digital advertising space, focusing on enhancing its platform’s capabilities and expanding its client base. The company's financial health remains robust, supported by its strategic partnerships and a growing market for digital advertising solutions.

Significance in the Market: With a unique approach to people-based marketing and a robust technological platform, Viant plays a significant role in the advertising industry. Its ability to offer precise targeting and measurement across various digital channels makes it a valuable partner for marketers aiming to optimize their media investments.

Rhea-AI Summary
Viant Technology reports strong Q2 performance with double-digit revenue growth. New AI enhancements drive increased customer spend. Q2 revenue of $57.2M, up 12% YoY. Net loss of $3.2M, compared to net loss of $14.1M in Q2 2022. Cash and cash equivalents of $203.9M with no debt. Advertiser spend per active customer increased 7% YoY. Q3 revenue expected to be in the range of $56.0M to $59.0M.
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FAQ

What is the current stock price of Viant Technology (DSP)?

The current stock price of Viant Technology (DSP) is $18.72 as of November 22, 2024.

What is the market cap of Viant Technology (DSP)?

The market cap of Viant Technology (DSP) is approximately 294.2M.

What does Viant Technology Inc. do?

Viant Technology Inc. provides a cloud-based platform for digital media investments, enabling programmatic ad purchases across multiple channels.

What is the Viant Advertising Cloud™?

The Viant Advertising Cloud™ is a platform that offers marketers access to over 1.2 billion registered users for cross-device advertising.

When was Viant Technology Inc. founded?

Viant Technology Inc. was founded in 1999.

Which companies are owned by Viant?

Viant owns and operates Adelphic, a self-service platform for programmatic advertising, and MySpace, a social network.

Who acquired Viant Technology Inc. in 2018?

Meredith Corporation acquired Viant Technology Inc. in 2018.

What are the primary channels supported by Viant's platform?

Viant's platform supports advertising on desktop, mobile, connected TV, linear TV, streaming audio, and digital billboards.

How does Viant's approach differ from traditional cookie-based tracking?

Viant uses people-based data instead of cookies, offering more accurate targeting and measurement.

What is Adelphic?

Adelphic is a self-service platform for cross-channel programmatic advertising, owned by Viant.

Why is Viant's database of registered users significant?

With over 1.2 billion registered users, Viant offers one of the largest databases for accurate and extensive cross-device advertising.

What was the impact of Viant's acquisition by Meredith Corporation?

The acquisition by Meredith Corporation enhanced Viant's reach, creating a cross-channel ecosystem targeting nearly 200 million American consumers.

Viant Technology Inc.

Nasdaq:DSP

DSP Rankings

DSP Stock Data

294.16M
14.84M
8.36%
53.84%
3.03%
Software - Application
Services-computer Programming, Data Processing, Etc.
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United States of America
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