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Dec 31, 2019
Trade Desk Q4 2019 Earnings Report
The Trade Desk's Q4 2019 financial results were announced, marking a record spend quarter and significant revenue growth.
Key Takeaways
The Trade Desk reported a record Q4 with spend topping $1 billion, contributing to a 39% revenue increase for the year. The company generated $108.3 million in net income and $213.9 million in adjusted EBITDA for the full year 2019.
Q4 spend topped $1 billion, a first for the company.
Full year 2019 revenue grew by 39% to $661 million.
Customer retention remained above 95% for the past 24 quarters.
The company officially launched a programmatic ad buying platform in China in March 2019.
Forward Guidance
The Trade Desk anticipates continued momentum into 2020, expecting gross spend on the platform to accelerate year over year to at least $4.24 billion and revenue to be at least $863 million. Adjusted EBITDA is expected to be $259 million, or 30% of revenue.
Positive Outlook
- Gross spend on the platform to accelerate year over year to at least $4.24 billion.
- Revenue to be at least $863 million.
- Adjusted EBITDA to be $259 million, or 30% of revenue.
- Focus on grabbing market share.
- Deepening engagement and strategic importance with customers.
Challenges Ahead
- Variability and complexity with respect to the charges excluded from these non-GAAP measures.
- Measures and effects of stock-based compensation expense that are directly impacted by unpredictable fluctuations in share price.
- Variability of the above charges could have a significant and potentially unpredictable impact on future U.S. GAAP financial results.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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