Viant Technology reported its fourth-quarter financial results, with adjusted earnings per share (EPS) of $0.15, missing estimates by $0.06. However, the company posted revenues of $90.05 million, surpassing the consensus estimate of $83.96 million. Despite the revenue beat, Viant's shares dropped 30% following the earnings release, including a 17% pre-market decline. Citizens Capital Markets maintained a $24 price target on the stock. The company also announced the acquisition of Lockr, signaling a strategic move in the ad tech space. Viant's performance contrasts with The Trade Desk, which reported $741 million in Q4 revenue but experienced its first-ever earnings miss. The Trade Desk's stock has fallen 52% since December 2024, and the company is now facing class action lawsuits. The Trade Desk has outlined a 15-point plan to regain momentum, focusing on authenticated audiences and a more efficient supply chain. However, competitive pressures from Amazon and slower-than-expected adoption of its Kokai platform remain significant hurdles. The company is also navigating the potential impact of Google's ongoing antitrust trial.