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The Trade Desk rebounding

The Trade Desk is rebounding somewhat from week’s drop, up +11%, after it solidly beat expectations with its Q4 earnings. Quarterly total platform spend topped $1B 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.

I’m bullish $TTD

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