The Trade Desk Inc. (TTD) Tops Q4 EPS by $1.83, Revs Beat; Issues Guidance

The Trade Desk Inc. (NASDAQ: TTD) reported Q4 EPS of $3.71, $1.83 better than the analyst estimate of $1.88. Revenue for the quarter came in at $319.9 million versus the consensus estimate of $292.36 million.

“While 2020 was a uniquely challenging year, it was also a turning point for our industry and our company. We won more share in our fastest growing channels such as CTV and Audio, which helped drive record ad spend of $4.2 billion on our platform in 2020,” said Co-Founder and CEO of The Trade Desk, Jeff Green. “Perhaps just as important, in 2020 we saw several years of advertising disruption and innovation compressed into a few months. Marketers are being more deliberate and data-driven in everything they do, and as a result, they are gravitating to the advertising opportunities of the open internet. With CTV now offering a data-driven alternative to linear, with brands seeking a scalable and brand-safe alternative to user-generated content, and with new identity tools that provide a common currency for the open internet as well as enable better cross channel measurement, the industry is gravitating to the open internet and standardizing on our platform.”

GUIDANCE:

The Trade Desk Inc. sees Q1 2021 revenue of $214-217 million, versus the consensus of $208.4 million.

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

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