The Trade Desk Reports Q4 Earnings Beating Estimates

LA AdTech Partner Company, The Trade Desk (TTD) reported Q4 earnings after close of market today. The Trade Desk posted revenue of $72.4 million for the fourth quarter of 2016 alone. Full year revenue for 2016 was reported as $202.9 million.

Highlights from today’s earnings call:

  • Over $1 billion in gross spend in 2016.
  • Mobile, video, and global expansion are largest growth factors.
  • Addressable and connected TV will lead to programmatic buying.
  • 2016 gross spend with non-display campaigns increased to more than half of gross spend.
  • Mobile in-app and mobile video revenue grew about 400% and 300% respectively year-over-year, while native spending jumped 700% over the previous quarter..

The Trade Desk said it expects revenue in the range of $43 million for the current quarter ending April and estimated a full year revenue of $270 million. 2017 Total Gross Spend is estimated at $1.45 billion.

Additional coverage:

  • The Trade Desk Passes $1 Billion In Platform Spend As Non-Display Products Gain Steam – Adexchanger
  • The Trade Desk sees quarterly revenues top $72m, bets big on connected TV and Asia – The Drum

The Trade Desk’s reported earnings today beat Factset consensus revenue estimates of $62.1M. TTD‘s stock price closed at $33.36 also beating the $33.13 consensus price estimates from equity analysts coverage the stock.

The Trade Desk Earnings Best Estimates

About KW Low

******* A founder of LA AdTech, KW Low is a technology strategist specializing in advertising technology business development, strategic partnership and market growth. If you have any feedback or comment about this post or LA AdTech in general, please join the LA AdTech Facebook Group Community *******