Viant Technology Inc. Reports Strong Q3 2024 Earnings Growth

from those expressed or implied in our forward-looking statements, please refer to our filings with the Securities and Exchange Commission. Now, I will turn the call over to Tim Vanderhook, Co-Founder and CEO of Viant Technology.

Tim Vanderhook

Thank you, Nick, and thank you to everyone joining us today. We are pleased to report our financial results for the third quarter of 2024. Viant Technology has continued to make significant progress in advancing our advertising technology platform. Our focus remains on delivering innovative solutions that meet the evolving needs of our clients in the digital advertising space.

During the third quarter, we achieved notable growth in our customer base and expanded our partnerships with key industry players. Our commitment to providing a comprehensive and efficient platform has been well received, and we are excited about the future opportunities this presents.

Larry Madden, our CFO, will now provide a detailed overview of our financial performance for the quarter.

Larry Madden

Thank you, Tim. In Q3 2024, Viant Technology reported a revenue increase of 15% compared to the same period last year, driven by strong demand for our advertising services. Our net income also saw a significant rise, reflecting our strategic investments and operational efficiencies. We continue to focus on optimizing our cost structure while investing in key growth areas.

Looking ahead, we remain optimistic about our prospects for the remainder of the year and into 2025. We anticipate continued growth fueled by our expanding product offerings and strategic partnerships.

We will now open the floor to questions from our conference call participants. Operator, please proceed with the Q&A session.