Key Highlights

  • Viant Technology (NASDAQ:DSP) changed hands at USD 11.26 on November 10, 2026, off 19.80% from a calculated previous close of USD 14.04, on Volume of 338.19 thousand shares and relative volume of 0.97.
  • Third quarter 2026 Revenue grew 29% to USD 110.4 million and adjusted EBITDA grew 24% to USD 19.8 million, yet Net Income dropped 49% to USD 2.6 million and diluted EPS was USD 0.00.
  • Fourth quarter guidance calls for revenue of USD 130.5 million to USD 133.5 million and adjusted EBITDA of USD 31.0 million to USD 32.0 million, alongside cash of USD 183.2 million.
  • Market value was USD 748.78 million, trailing diluted EPS was USD 0.14 and the price to Earnings ratio was 81.42, with 1.8 million shares bought back for USD 23.2 million since the third quarter began.

Why Viant Technology Fell on November 10 (-19.80%)

Canadian investors scanning US-listed technology names saw Viant Technology (NASDAQ:DSP) report third quarter 2026 results in a filing dated November 9, 2026, after which the shares dropped 19.80% to USD 11.26 in the next regular session. The previous close was about USD 14.04 (calculated), a decline of USD 2.78. Revenue grew 29% to USD 110.4 million from USD 85.6 million, Gross Profit grew 30% to USD 51.6 million and contribution ex-TAC grew 27% to USD 67.2 million. Adjusted EBITDA of USD 19.8 million equalled 29% of contribution ex-TAC, compared with 30% a year before. Net income dropped 49% to USD 2.6 million, and net income attributable to Viant dropped 93% to USD 0.1 million. Non-GAAP diluted EPS was USD 0.13, up 8%. Relative volume was 0.97.

The Rationale: Results, Margins and the Guide

Published coverage did not confirm the cause, yet the results Supply some candidates. Fourth quarter adjusted EBITDA guidance of USD 31.0 million to USD 32.0 million rests on revenue of USD 130.5 million to USD 133.5 million and contribution ex-TAC of USD 80.5 million to USD 82.5 million. The Margin eased by one point and GAAP profit dropped sharply despite quicker sales, which can rattle holders of a stock priced at 81.42 times earnings. Connected TV advertiser spend climbed nearly 40% and topped 50% of total spend, with more than 80% of that spend transacted through Direct Access. In general terms, shares often decline when growth fails to reach earnings. These are general mechanisms and not confirmed causes.

Valuation, Liquidity and Risks for Viant Technology

The stock carries a value of USD 748.78 million on about 66.5 million total shares, of which 21.2 million are Class A and 45.3 million are Class B. Cash of USD 183.2 million works out to roughly USD 2.75 a share (calculated). Buybacks of 1.8 million shares since the third quarter began averaged USD 12.82, above the new price, and the authorization was lifted by USD 50 million to USD 150 million, leaving USD 70.8 million. Trading of 338.19 thousand shares is modest, so big orders can move the price. Risks include Advertising budget cycles, connected TV reliance, margin pressure and a rich multiple on small GAAP earnings. Nothing here implies the move will continue.

Where Things Stand

Viant Technology (NASDAQ:DSP) dropped 19.80% to USD 11.26 on November 10, 2026 after third quarter results showed 29% revenue growth but a 49% fall in net income and a lower adjusted EBITDA margin. Published coverage did not confirm the cause. With a price to earnings ratio of 81.42, USD 70.8 million of buyback capacity and cash of USD 183.2 million, the shares now trade under the USD 12.82 average repurchase price.