The Trade Desk resistance levels | Targets to watch $ttd
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Earnings highlights The Trade Desk (NASDAQ:TTD) is rebounding somewhat from today's drop, up 4.8% in immediate postmarket action, after it solidly beat expectations with its Q4 earnings. Quarterly total platform spend topped 11B for the first time, capping a record spend for 2019 of 3.1B. Revenues grew 34.5% for the quarter, to 215.9M (and helped drive full-year 39% growth to 661M). Net income jumped to 50.9M from 39.4M on a GAAP basis. Non-GAAP net income rose to 71.6M from 51.1M. EBITDA rose to 83.5M from 67.1M. Omnichannel solutions were a strategic focus, the company says. In channel spend highlights (full 2019 compared to 2018): Connected TV grew about 137%; Audio grew more than 185%; Mobile video grew more than 50%; Mobile in-app grew more than 67%. For Q1, it's targeting revenue of 169M (above consensus for 160M) and EBITDA of 35M. For the full year, it's targeting total gross spend of at least 4.24B; revenue of 863M (above an expected 860.8M); and EBITDA of 259M.
Company profile The Trade Desk, Inc. is a technology company, which engages in the provision of technology platform for advertising buyers. Its products include audio advertising, mobile advertising, native advertising, data management platform, cross-device targeting, and inventory and marketplaces. The company was founded by Jeffrey Terry Green and David Pickles in November 2009 and is headquartered in Ventura, CA.