Image source: The Motley Fool.
DATE
Monday, Aug. 10, 2026 at 5:00 p.m. ET
CALL PARTICIPANTS
-
SVP of Investor Relations – Nicholas Zangler
-
Co-Founder and Chief Executive Officer – Tim Vanderhook
-
Co-Founder and Chief Operating Officer – Chris Vanderhook
-
Chief Financial Officer – Lawrence Madden
TAKEAWAYS
-
Revenue — $104.3 million, up 34% year over year driven by strong demand for connected television and the adoption of the company's intelligence layer.
-
Contribution ex-TAC — $60.2 million, up 24% year over year reflecting growth across most customer verticals including health care and travel.
-
Adjusted EBITDA — $14.2 million, an increase of 26% year over year exceeding the high end of management's guidance.
-
Adjusted EBITDA Margin — 24% of contribution ex-TAC, expanding 30 basis points compared to the second quarter of 2025.
-
Non-GAAP Basic EPS — $0.15, a 50% increase from $0.10 in the prior year period.
-
CTV Spend Growth — nearly 50% year over year, representing over 50% of total advertiser spend on the platform.
-
Direct Access Utilization — 80% of connected television spend was transacted through this supply path optimization program, up from 50% in the first quarter of 2026.
-
Viant AI Adoption — Outcomes accounted for 5% of total platform ad spend year-to-date since launching six months ago.
-
Cash and Cash Equivalents — $193.1 million at quarter end, supported by zero debt and an undrawn $75 million credit facility.
-
Free Cash Flow — $22.4 million for the quarter, representing a 39% increase year over year.
-
Operating Cash Flow — $28.5 million, a 36% increase from $21 million in the second quarter of 2025.
-
Q3 2026 Revenue Guidance — $107.5 million to $110.5 million, representing 27% growth year over year at the midpoint.
-
Q3 2026 Contribution ex-TAC Guidance — $65 million to $67 million, reflecting 25% year-over-year growth.
-
Q3 2026 Adjusted EBITDA Guidance — $18.5 million to $19.5 million, up 19% year over year at the midpoint.
-
Household ID Coverage — 95% of U.S. household…