The Trade Desk beats by $0.30, beats on revs; guides Q1 revs above consensus; guides FY19 revs above consensus
- Reports Q4 (Dec) adj. earnings of $1.09 per share, $0.30 better than the S&P Capital IQ Consensus of $0.79; revenues rose 56.4% year/year to $160.5 mln vs the $147.83 mln S&P Capital IQ Consensus. 2018 gross spend on the platform was over $2.35 billion, a 51% increase from a year ago. According to Magna Global, total real-time-bidding programmatic was estimated to increase 22% in 2018.
- Continued Omni-channel Growth: Omni-channel solutions remain a strategic focus for The Trade Desk as the industry continues shifting toward transparency and programmatic buying. Specific channel spend highlights include: Mobile (in-app, video and web) grew 69% from Q4 2017 to Q4 2018. Connected TV grew over 525% from Q4 2017 to Q4 2018. Connected TV grew over 9X from 2017 to 2018. Audio grew over 230% from 2017 to 2018. Mobile video grew over 130% from 2017 to 2018. Mobile in-app grew over 90% from 2017 to 2018.
- Co issues upside guidance for Q1, sees Q1 revs of $116 mln vs. $114.42 mln S&P Capital IQ Consensus; EBITDA $18.3 mln, below estimates.
- Co issues upside guidance for FY19, sees FY19 revs of at least $637 mln vs. $616.93 mln S&P Capital IQ Consensus; total Gross Spend of at least $3.2 billion; EBITDA $182 mln vs. ~190M ests.