
Viant Technology Inc. (NASDAQ: $DSP) has announced its acquisition of Lockr, a first-party data collaboration platform designed for content owners. The company reported fourth-quarter earnings that exceeded expectations, with revenue reaching $90.05 million, surpassing the analyst estimate of $83.96 million. However, its non-GAAP earnings per share of $0.15 fell short of the forecasted $0.12, leading to a 30% drop in shares following the earnings release. Citizens Capital Markets has reiterated a market outperform rating on Viant Technology, maintaining a price target of $24. CEO Tim Vanderhook provided insights into the company's growth outlook amid these developments.
Ad tech company Viant delivered a “blowout” 4Q earnings report, but shares of $DSP are down 30% after the release. 📺 @viant_tech CEO Tim Vanderhook provides some insights on the quarter and details the growth outlook for the business with @NPetallides:
$DSP Citizens Capital Markets Reiterates Market Outperform on Viant Technology, Maintains $24 Price Target
$DSP (-17.1% pre) Viant Technology Non-GAAP EPS of $0.15 misses by $0.06, revenue of $90.05M beats by $6.08M; Viant Technology aquires Lockr https://t.co/VVMHluXJ1f

