Earnings highlights
The Trade Desk (NASDAQ:TTD) is rebounding somewhat from today's drop, up 4.8% in immediate postmarket action, after it solidly beat expectations with its Q4 earnings.
Quarterly total platform spend topped $1B for the first time, capping a record spend for 2019 of $3.1B.
Revenues grew 34.5% for the quarter, to $215.9M (and helped drive full-year 39% growth to $661M).
Net income jumped to $50.9M from $39.4M on a GAAP basis. Non-GAAP net income rose to $71.6M from $51.1M.
EBITDA rose to $83.5M from $67.1M.
Omnichannel solutions were a strategic focus, the company says. In channel spend highlights (full 2019 compared to 2018): Connected TV grew about 137%; Audio grew more than 185%; Mobile video grew more than 50%; Mobile in-app grew more than 67%.
For Q1, it's targeting revenue of $169M (above consensus for $160M) and EBITDA of $35M. For the full year, it's targeting total gross spend of at least $4.24B; revenue of $863M (above an expected $860.8M); and EBITDA of $259M.
Company profile
The Trade Desk, Inc. is a technology company, which engages in the provision of technology platform for advertising buyers. Its products include audio advertising, mobile advertising, native advertising, data management platform, cross-device targeting, and inventory and marketplaces. The company was founded by Jeffrey Terry Green and David Pickles in November 2009 and is headquartered in Ventura, CA.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.