The Trade Desk, Inc. (NASDAQ: TTD) reported Q1 EPS of $0.49, $0.25 better than the analyst estimate of $0.24. Revenue for the quarter came in at $121 million versus the consensus estimate of $116.98 million.

“Thanks to our innovative platform and our commitment to objectivity and transparency in digital advertising, we delivered outstanding performance in the first quarter, again surpassing our expectations. We continued to add new advertisers and agencies to our platform and existing customers increased their spend. In Q1, we continued to develop closer relationships with the biggest brands in the world. Over half of the companies in the S&P 500 have run campaigns on our platform. We are executing well. For the quarter, revenue was $121 million, up 41% from a year ago and adjusted EBITDA increased to a Q1 record of $24.7 million,” said Founder and CEO of The Trade Desk, Jeff Green. “Spend growth came in channels key to our business such as Mobile, Video, Connected TV, and Audio. Data spend again grew about 2x our business. We continued to invest in technology infrastructure, product development, and international expansion. These areas of investment are critical to gaining additional market share.”

GUIDANCE:

The Trade Desk, Inc. sees Q2 2019 revenue of $154 million, versus the consensus of $153.7 million.

The Trade Desk, Inc. sees FY2019 revenue of $645 million, versus prior guidance of $637 million and the consensus of $644.79 million.

For earnings history and earnings-related data on The Trade Desk, Inc. (TTD) click here.