Viant Technology Announces First Quarter 2024 Financial Results; Board of Directors Authorizes $50 Million Stock Repurchase Program
Over half of CTV spend in the quarter was through Direct Access, up from over 40% in Q4 2023.
- Over half of CTV spend in the quarter was through Direct Access, up from over 40% in Q4 2023.
- “We are very pleased with our strong first quarter results, marking our third consecutive quarter of greater than 20% year-over-year growth in contribution ex-TAC.
- The Company currently expects to fund the repurchase program from existing cash and cash equivalents, short-term investments and/or future cash flows.
- As of March 31, 2024, there were 16.4 million shares of the Company's Class A common stock outstanding and 47.0 million shares of the Company's Class B common stock outstanding.