The Trade Desk, Inc. (TTD) Tops Q4 EPS by 29c, Revenues Beat; Offers Q1 & FY19 Revenue Guidance Above Consensus
The Trade Desk, Inc. (NASDAQ: TTD) reported Q4 EPS of $1.09, $0.29 better than the analyst estimate of $0.80. Revenue for the quarter came in at $160.5 million versus the consensus estimate of $147.65 million.
“2018 was a huge year for The Trade Desk. Revenue growth accelerated to 55% in 2018 from 52% in 2017. In 2018, we surpassed $2.35 billion in gross spend on our platform resulting in $477 million in revenue. Our fourth quarter revenue growth also accelerated, growing 56% to a record $160.5 million,” said Founder and CEO Jeff Green. “2018 was a foundational year. We launched the biggest product, called the Next Wave, in our history; Connected TV became a must-have on the media plan; we partnered with some of the largest internet companies in China; data usage on our platform accelerated; and our Unified ID initiative gained steam across the industry. Our vision is to change the way advertising is bought by enabling programmatic, data-driven decisions and 2018 marked another year of great strides toward that goal.”
Outlook
Mr. Green added, “We exited 2018 strong and are seeing that momentum continue into 2019. Marketers continue to adopt channels such as Mobile, Connected TV, and Audio as they move advertising spend to our platform. In 2019, we expect gross spend on our platform to be at least $3.2 billion and revenue to be at least $637 million. In the coming year, we will continue to make aggressive investments in high growth areas such as Connected TV, data, and global expansion, including in China. Our focus is on grabbing programmatic market share and deepening our engagement and strategic importance with our customers. We expect our adjusted EBITDA to be $182 million, or about 29% of revenue. We believe investing in our core growth opportunities will maximize profitability over the long-term.”
GUIDANCE:
The Trade Desk, Inc. sees Q1 2019 revenue of $116 million, versus the consensus of $115.36 million.
The Trade Desk, Inc. sees FY2019 revenue of $637 million, versus the consensus of $616.73 million.
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