Now that is growth
Trade Desk Inc. (TTD) is surging over 40% as of 11:50am EST following the release of its Q1 2018 earnings results. Here’s a breakdown of some of the key statistics from the report:
|Metric||Q1 2018||Q1 2017||Change|
|Revenue||$85.7 million||$53.4 million||60.5%|
|Adjusted EBITDA||$18.9 million||$6.3 million||200%|
|Non-GAAP net income||$15.3 million||$7.8 million||96.2%|
|Non-GAAP diluted EPS||$0.34||$0.18||88.9%|
Analysts polled by FactSet had projected revenue of $73.2 million and adjusted EPS of $0.10, so Trade Desk absolutely destroyed expectations, and it noted that its strong performance was helped by the addition of new customers as well as a customer retention rate of over 95%.
The company went on to provide better-than-expected guidance, calling for revenue of $103 million in the second quarter, well ahead of expectations of $95 million, and revenue of at least $433 million in the full year of 2018, which is up from its previous guidance of $403 million and is well ahead of expectations of $404 million.