Trade Desk Inc (NASDAQ:TTD) reported better-than-expected Q4 results and issued strong sales guidance.
The Los Angeles-based Trade Desk reported a total Gross Spend of at least $4.24 billion, revenue of at least $863 million for the fiscal year. Adjusted EBITDA was $259 million or 30% of revenue. First quarter revenue of $169 million. Adjusted EBITDA of $35 million.
CEO Jeff Green "Our vision is to change the way advertising is bought by enabling data-driven decisions. For The Trade Desk, 2019 was another major step toward achieving that vision. Total spend on our platform was a record $3.1 billion. Spend in Q4 topped $1 billion, the first time we had ever crossed that threshold in a single quarter.
"This record spend helped drive 39% revenue growth to $661 million in 2019. We also generated $108.3 million in net income and $213.9 million of adjusted EBITDA. We continue to deliver strong revenue growth while also generating profitability that is significantly higher than nearly all other comparable software and internet companies of our size."
Headquartered in Ventura, California, The Trade Desk, is a technology company that empowers buyers of advertising. Through its self-service, cloud-based platform, ad buyers can create, manage, and optimize digital advertising campaigns across ad formats and devices. Integrations with major data, inventory, and publisher partners ensure maximum reach and decisioning capabilities, and enterprise APIs enable custom development on top of the platform.
Shares climbed $21.73, or 8.7%, to $271.74
