Viant Technology Inc. (NASDAQ:DSP) Q3 2023 Earnings Call Transcript

Viant Technology Inc. (NASDAQ:DSP) Q3 2023 Earnings Call Transcript November 6, 2023

Operator: Hello, again, everyone, and welcome to Viant Technology's Third Quarter 2023 Earnings Webinar. My name is Kelsey, and I will be your operator today. Well, before I begin the webinar or turn it over to the Viant leadership team, I'd like to go over just a few housekeeping notes for the program. As a reminder, today's webinar is being recorded. Attendees are in a view and listen-only mode. Following the speakers' remarks, there will be a question-and-answer session. If you'd like to ask a question please click on the Raise Hand tab located at the bottom of your screen and please ensure your Zoom name reflects your full name and firm. We thank you for your attendance today. And I will now turn the webinar over to KC Carey with Viant Technology.

KC Carey : Good afternoon and welcome to Viant Technology's third quarter 2023 earnings conference call. On the call today are Tim Vanderhook, Co-Founder and Chief Executive Officer; Chris Vanderhook, Co-Founder and Chief Operating Officer; and Larry Madden, Chief Financial Officer. I I'd like to remind you that we will make forward-looking statements on our call today, including but not limited to our guidance for Q4 2023 and our platform development initiatives that are based on assumptions and subject to future events, risks, and uncertainties that could cause actual results to differ materially from those projected. These forward-looking statements speak only as of today, and we undertake no obligation to update or revise these statements except as required by law.

A view of the software interface with a customer accessing their household insights.

For more information about factors that may cause actual results to differ materially from forward-looking statements and our entire safe harbor statement. Please refer to the news release issued today as well as the risks and uncertainties described in our quarterly report on Form 10-Q for the quarter ended September 30, 2023 under the heading risk factors and other filings with the SEC. During today's call, we will also present both GAAP and non-GAAP financial measures. Additional disclosures regarding these non-GAAP measures, including a reconciliation of non-GAAP financial measures to the most directly comparable GAAP financial measures are included in the news release issued today, which has been posted on the investor relations page of the company's website and in our SEC filings.

I would now like to turn the call over to Tim Vanderhook, Chief Executive Officer of Viant. Tim?

Tim Vanderhook : Thanks, Casey, and thanks, everyone, for joining us today. We wrapped up a very strong third quarter with accelerating growth across our business and results that exceeded our guided range on all key metrics. We continue to win larger shares of budgets from our clients, by offering best-in-class products supported by industry-leading AI. We have focused execution and a commitment to enabling mid-market advertisers to get the highest return on their ad spend. As we look to the fourth quarter and beyond, we continue to see a number of favorable drivers of the business. Most notably, the ongoing migration and accelerating transition of approximately $60 billion of linear television advertising moving into connected TV.

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