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Thursday, February 22, 2018

-=The Trade Desk (TTD) reported earnings on Thur 22 Feb 2018 (a/h)

The Trade Desk beats by $0.10, reports revs in-line; guides Q1 revs above consensus; guides FY18 revs above consensus 
  • Reports Q4 (Dec) earnings of $0.54 per share, $0.10 better thanthe Capital IQ Consensus of $0.44; revenues rose 41.7% year/year to $102.6 mln vs the $101.71 mln Capital IQ Consensus.
  • Co issues upside guidance for Q1, sees Q1 revs of $73.00 mln vs. $64.39 mln Capital IQ Consensus Estimate.
    • Adjusted EBITDA of $7.5 million.
  • Co issues upside guidance for FY18, sees FY18 revs of at least $403 mln vs. $394.47 mln Capital IQ Consensus Estimate.
    • Adjusted EBITDA of $117 million or about 29% of revenue.
  • "The fourth quarter was outstanding for the Trade Desk and a capstone to a terrific 2017. For the year, we surpassed $1.55 billion in gross spend on our platform, grew revenue 52% to more than $308 million and generated over $95 million of adjusted EBITDA," said Founder and CEO of The Trade Desk, Jeff Green. "Our mission has always been to change the way advertising is bought on our software platform and 2017 marked a year of great strides toward that goal. Exiting the year, we had more of the largest brands in the world spending on our platform than ever before as they recognize we are the only purely independent platform buying media at scale, objectively, across digital channels and devices. We also invested more into technology and product development than we ever have before to help drive our next stage of growth in the coming years. We expect 2018 to be another record year for the company as we continue to see great momentum in the adoption of programmatic advertising on our platform worldwide."

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