The Trade Desk, Inc. (NASDAQ: TTD) found traction Friday, after the company reported upbeat results for its first quarter. The company also issued strong second-quarter and FY18 sales guidance.
Revenue was $85.7 million, up 61% from a year ago and adjusted EBITDA increased 202% to $18.9 million.
CEO Jeff Green said “International growth was again exceptional. Much of our growth came in channels key to our business such as Mobile, Video, Connected TV, and Audio. Data spend in the month of March spiked to an all-time record. We continue to invest in technology infrastructure, product development, and international expansion. These areas of investment are critical to gaining additional market share. We expect the investments we are making now will help drive our next wave of growth in the coming years.”
Net income registered at $9.1 million, compared to $4.9 million in the prior-year quarter.
The Trade Desk is providing its financial targets for the second quarter of 2018 and revised targets for its fiscal year 2018. In the Second Quarter 2018, revenue is peojected to be $103 million, with adjusted EBITDA of $30 million. For the full year, revenue is pegged at least $433 million; Adjusted EBITDA of $133 million or about 30.5% of revenue
As well, The Trade Desk ranked as one of the best places to work on Glassdoor’s Best Software Companies to Work for in 2018 list.
Shares raced skyward $21.67, or 41.1%, to $74.40
