Viant Technology, Inc. (DSP)

NASDAQInformation TechnologySoftware - ApplicationSnapshot 2026-10-23

$13.81+1.54%

Close 2026-10-23 · 1-day change

Investment OutlookAs of Oct 24, 2026

What could strengthen or challenge Viant Technology, Inc.’s outlook?

The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.

Higher potential upsideImproving expectations

Next-FY EPS estimate change · 30 days

Comparable estimates unavailable

+10% or more+5%0%−5%−10% or less

A matching fiscal period and sufficient coverage are required.

Higher risk of downsideWeakening expectations

One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.

How this is measured

The calculation requires same-period, same-provider snapshots, positive EPS, at least five analysts and a baseline within three days of the requested lookback.

Measure / period	Management expectations	Analyst expectations
FY 2026 · Q3
Revenue	$107.5M–$110.5M	—
Operating expenses	$46.5M–$47.5Mnon-GAAP	—
FY 2026 · Q4
Revenue	—	80.93M
EPS	—	0.173
FY 2026 · Annual
Revenue	—	257.59M
EPS	—	0.179
FY 2027 · Annual
Revenue	—	309.67M
EPS	—	0.314

What the Thesis Depends On

Three published thesis conditions, with dated milestones shown separately.

Key Factor	Why It Matters	Current Status	Break Condition	Latest Evidence
Successful integration of TVision Insights acquisition	The recent acquisition of TVision Insights may help growth.	Intact	Acquisition fails to integrate or harms growth	Qualitative condition This condition has no defined numerical measure. Context reviewed through Oct 23, 2026Last status assessment Oct 24, 2026Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.
Adjusted EBITDA near $13.5 million in Q2 2026	Profit should improve with adjusted EBITDA near $13.5 million.	Intact	Adjusted EBITDA falls below $13.0 million in Q2 2026	Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Source date unavailableLast status assessment Oct 24, 2026Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.
Revenue near $100 million in Q2 2026	Profit should improve with adjusted EBITDA near $13.5 million.	Intact	Revenue falls below $98.5 million in Q2 2026	Revenue: $104.254M FY2026-Q2; GAAP. Published target: ~$100 million. The target does not explicitly identify fiscal versus calendar quarters. Source published Aug 10, 2026104,254,000 USD · source valueSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: company_financial_results. Reference: fb17b1b5-5072-476f-b8b0-e3aa398e5c85. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.

Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.

Incoming Evidence

Compare these dated observations with the operating requirements above

Expectations trend

Same fiscal period

FY2027 · fiscal year ending 2027-12-31 · fmp

FY2027 EPSUnavailable

Unavailable → Unavailable · observed estimates

FY2027 revenue$0.31B

$0.31B → $0.31B · observed estimates

Exact estimates & source dates

One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.

FY2027 estimate observations · fmp
Snapshot	EPS	Revenue	EPS / revenue analysts
2026-07-24	Unavailable	$309,716,000	4 / 7
2026-07-25	Unavailable	$309,716,000	4 / 7
2026-07-26	Unavailable	$309,716,000	4 / 7
2026-07-27	Unavailable	$309,716,000	4 / 7
2026-07-28	$0.80	$524,833,130	5 / 10
2026-07-29	$0.80	$524,833,130	5 / 10
2026-07-30	$0.80	$524,833,130	5 / 10
2026-07-31	$0.80	$524,833,130	5 / 10
2026-08-01	Unavailable	$309,716,000	4 / 7
2026-08-02	$0.80	$524,833,130	5 / 10
2026-08-03	Unavailable	$309,716,000	4 / 7
2026-08-04	$0.80	$524,833,130	5 / 10
2026-08-05	Unavailable	$309,716,000	4 / 7
2026-08-06	Unavailable	$309,716,000	4 / 7
2026-08-07	Unavailable	$309,716,000	4 / 7
2026-08-08	$0.80	$524,833,130	5 / 10
2026-08-09	$0.80	$524,833,130	5 / 10
2026-08-10	Unavailable	$309,716,000	4 / 7
2026-08-11	$0.80	$524,833,130	5 / 10
2026-08-12	Unavailable	$532,062,520	4 / 10
2026-08-13	Unavailable	$309,716,000	4 / 7
2026-08-14	Unavailable	$309,716,000	4 / 7
2026-08-15	Unavailable	$309,716,000	4 / 7
2026-08-16	Unavailable	$309,716,000	4 / 7
2026-08-17	Unavailable	$309,716,000	4 / 7
2026-08-18	Unavailable	$309,716,000	4 / 7
2026-08-19	Unavailable	$309,716,000	4 / 7
2026-08-20	Unavailable	$310,347,556	4 / 7
2026-08-21	Unavailable	$309,386,437	4 / 7
2026-08-22	Unavailable	$309,386,437	4 / 7
2026-08-23	Unavailable	$309,386,437	4 / 7
2026-08-24	Unavailable	$309,386,437	4 / 7
2026-08-25	Unavailable	$309,386,437	4 / 7
2026-08-26	Unavailable	$309,386,437	4 / 7
2026-08-27	Unavailable	$309,386,437	4 / 7
2026-08-28	Unavailable	$309,386,437	4 / 7
2026-08-29	Unavailable	$309,386,437	4 / 7
2026-08-30	Unavailable	$309,386,437	4 / 7
2026-08-31	Unavailable	$309,386,437	4 / 7
2026-09-01	Unavailable	$309,386,437	4 / 7
2026-09-02	Unavailable	$309,386,437	4 / 7
2026-09-03	Unavailable	$309,386,437	4 / 7
2026-09-04	Unavailable	$309,386,437	4 / 7
2026-09-05	Unavailable	$309,386,437	4 / 7
2026-09-06	Unavailable	$309,386,437	4 / 7
2026-09-07	Unavailable	$309,386,437	4 / 7
2026-09-08	Unavailable	$309,386,437	4 / 7
2026-09-09	Unavailable	$309,386,437	4 / 7
2026-09-10	Unavailable	$309,386,437	4 / 7
2026-09-11	Unavailable	$309,386,437	4 / 7
2026-09-12	Unavailable	$309,386,437	4 / 7
2026-09-13	Unavailable	$309,386,437	4 / 7
2026-09-14	Unavailable	$309,386,437	4 / 7
2026-09-15	Unavailable	$309,386,437	4 / 7
2026-09-16	Unavailable	$309,386,437	4 / 7
2026-09-17	Unavailable	$309,386,437	4 / 7
2026-09-18	Unavailable	$309,386,437	4 / 7
2026-09-19	Unavailable	$309,386,437	4 / 7
2026-09-20	Unavailable	$309,665,722	4 / 7
2026-09-21	Unavailable	$309,665,722	4 / 7
2026-09-22	Unavailable	$309,665,722	4 / 7
2026-09-23	Unavailable	$309,665,722	4 / 7
2026-09-24	Unavailable	$309,665,722	4 / 7
2026-09-25	Unavailable	$309,665,722	4 / 7
2026-09-26	Unavailable	$309,665,722	4 / 7
2026-09-27	Unavailable	$309,665,722	4 / 7
2026-09-28	Unavailable	$309,665,722	4 / 7
2026-09-29	Unavailable	$309,665,722	4 / 7
2026-09-30	Unavailable	$309,665,722	4 / 7
2026-10-01	Unavailable	$309,665,722	4 / 7
2026-10-02	Unavailable	$309,665,722	4 / 7
2026-10-03	Unavailable	$309,665,722	4 / 7
2026-10-04	Unavailable	$309,665,722	4 / 7
2026-10-05	Unavailable	$309,665,722	4 / 7
2026-10-06	Unavailable	$309,665,722	4 / 7
2026-10-07	Unavailable	$309,665,722	4 / 7
2026-10-08	Unavailable	$309,665,722	4 / 7
2026-10-09	Unavailable	$309,665,722	4 / 7
2026-10-10	Unavailable	$309,665,722	4 / 7
2026-10-11	Unavailable	$309,665,722	4 / 7
2026-10-12	Unavailable	$309,665,722	4 / 7
2026-10-13	Unavailable	$309,665,722	4 / 7
2026-10-14	Unavailable	$309,665,722	4 / 7
2026-10-15	Unavailable	$309,665,722	4 / 7
2026-10-16	Unavailable	$309,665,722	4 / 7
2026-10-17	Unavailable	$309,665,722	4 / 7
2026-10-18	Unavailable	$309,665,722	4 / 7
2026-10-19	Unavailable	$309,665,722	4 / 7
2026-10-20	Unavailable	$309,665,722	4 / 7
2026-10-21	Unavailable	$309,665,722	4 / 7
2026-10-22	Unavailable	$309,665,722	4 / 7
2026-10-23	Unavailable	$309,665,722	4 / 7
2026-10-24	Unavailable	$309,665,722	4 / 7

Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.

Compare required revenue and earnings

Analyst view

Monthly observations

Buy / Strong BuyHoldSell / Strong Sell

Exact monthly counts

Monthly rating snapshots · fmp. Missing snapshots are not zero.
Date	Buy*	Hold	Sell*
2026-05-01	11	0	0
2026-06-01	11	0	0
2026-07-01	11	0	0
2026-08-01	11	0	0
2026-09-01	11	0	0
2026-10-01	11	0	0

*Buy includes Strong Buy; Sell includes Strong Sell. Monthly counts describe the analyst mix, not the firms behind each recent action.

Latest: 11 Buy / Strong Buy · 0 Hold · 0 Sell / Strong Sell

0 upgrades0 downgrades0 maintains

Recent actions · Sep 25–Oct 24 · 0 recorded

Price-target changes

30 days

Individual price-target observations are unavailable.

0 raises · 0 cuts · 0 unchanged · 0 without a comparable prior

How this is measured

Sep 25, 2026–Oct 24, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.

Outlook in Brief

The evidence, the remaining questions, and what comes next

What's improving

No recovery evidence is reported in the available driver assessments.

Still unresolved / key risks

Successful integration of TVision Insights acquisitionQualitative condition
Adjusted EBITDA near $13.5 million in Q2 2026Direct metric needs a verified mapping
Revenue near $100 million in Q2 2026Revenue: $104.254M

Next proof point

Nov 9, 2026

Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.

Review earnings

Bottom line

3 of 3 published conditions remain under pressure or need verification. The next results need to address those conditions.

The dated weekly assessment and its assumptions are available in Read detailed Outlook.

Historical risk context

Observed price history; separate from operating scenarios

Price sensitivity

2.4%Typical daily move · historical

Downside history

-31.0%Maximum drawdown · trailing year

Read detailed Outlook Company context, assumptions & risks

Viant Technology, Inc. outlook in detail

The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.

Updated Oct 24, 2026

What kind of bet this is

DSP is a speculative growth business rather than an established compounder, since it remains loss-making despite recent growth. Its one-to-three-month thesis state is watch: management priorities are on track, but recent financial performance remains below its industry cohort.

What's priced into Viant Technology, Inc.

Valuation is expensive versus peers, with a 1.1 premium, while the expectations gap is near neutral at -0.01 and priced-in conditions are tagged as justified. The valuation measure fell recently, but the evidence does not show that expectations have become undemanding.

What the fundamentals likely do

Near term, execution has been strong: second-quarter revenue grew 34% year over year, adjusted EBITDA grew 26%, and connected TV spending and Direct Access transactions expanded. TVision integration is ahead of expectations, though losses and elevated risk remain; a guidance cut on the next call is a meaningful downside risk.

What Viant Technology, Inc. hinges on

Over the next one to three years, the thesis hinges on continued revenue and adjusted EBITDA growth, stronger connected TV monetization, and the benefits of TVision’s attention data. Near-term conditions could improve if the Fed cuts rates or sector leaders keep delivering strong results, while weaker guidance or missed execution would challenge the thesis.