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Trade Desk's revenue and revenue for the fourth quarter, released late Thursday, largely beat analysts' estimates. Trade Desk shares surged after business hours, with revenue forecasts for 2019 also exceeding expectations.
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The company's forecast for adjusted EBITDA for 2019 – earnings before interest, taxes, depreciation and amortization – were not up to the prospects for higher investments.
The digital advertising service provider reported adjusted earnings of $ 1.09 per share, a doubling from the previous year, with revenues up 56% to $ 160.5 million. One year earlier, Trade Office (TTD) the profit was 54 cents per share for a turnover of $ 102.6 million.
Analysts expected a profit of 80 cents on Trade Desk on sales of $ 147.6 million for the period ended December 31.
Trade Desk announced EBITDA of $ 67.1 million, exceeding estimates to $ 53.5 million.
Trade Desk's revenue outlook in the lead
For the March quarter, Trade Desk had revenues of $ 166 million and EBITDA of $ 18.3 million. Analysts expected a turnover of $ 115.4 million and an EBITDA of $ 23.4 million.
For 2019, Trade Desk said it expects a turnover of $ 637 million and an EBITDA of $ 182 million. Analysts had projected revenues of $ 619 million and EBITDA of $ 190 million.
Trade Desk is ranked 6th in the list of growth values according to IBD 50.
The company's automated purchasing tools, a type of programmatic advertising, allow customers to buy online and mobile advertisements. The use of programmatic advertising is increasing in Internet advertising purchases.
The Trade Desk action jumped 9.6% to 165.03 today, after normal trading hours.
The Trade Desk is organizing an analyst day on March 6 in New York, where it will discuss business trends.
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