Why Trade Desk Inc. Shares Are Surging Over 40%



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%.

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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.

-JP Gravitt


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