Telaria (TLRA) Tops Q4 EPS by 6c, Revenue Beat; Offers Q1 & FY19 Revenue Guidance Above Consensus

Telaria (NYSE: TLRA) reported Q4 EPS of $0.03, $0.06 better than the analyst estimate of ($0.03). Revenue for the quarter came in at $19.7 million versus the consensus estimate of $15.74 million.

• Revenue of $19.7 million, up 31% year-over-year
• Gross profit of $16.8 million, up 20% year-over-year
• Gross margin of 86%
• Adjusted EBITDA(1) of $4.0 million
• Adjusted EBITDA(1) margin of 20%

“We ended the year on a strong note driven by growth in CTV, which increased over three-fold from last year and represented 33% of revenue for the quarter,” said Mark Zagorski, Telaria CEO. “Our industry leading Video Management Platform and focus on creating innovative solutions for CTV publishers continued to pay dividends as we added new customers like Cheddar and Outside TV and expanded our relationships with key partners like Hulu and PlutoTV. Globally, we made great strides growing our business in APAC, signing partnerships with leading TV broadcasters across the region. During the quarter we also launched numerous platform technology initiatives that optimized the CTV experience for both advertisers and consumers. These successes demonstrate the leadership position we have built in programmatic CTV and have created great momentum heading into 2019 as we capitalize on the continued convergence of digital and linear TV ad dollars.”

GUIDANCE:

Telaria sees Q1 2019 revenue of $11.5-12.5 million, versus the consensus of $10.35 million.

Telaria sees FY2019 revenue of $63-67 million, versus the consensus of $60.9 million.

For earnings history and earnings-related data on Telaria (TLRA) click here.

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