The Trade Desk (NASDAQ: TTD) reported adjusted earnings of $1.49 per share on revenue of $215.9 million for the fourth quarter of 2019, which surpassed the market’s views. Analysts had estimated the company to post earnings of $1.17 per share on revenue of $213.4 million. Shares of TTD, which ended down 6.33% today, gained about 6% during the after-hours.

Revenue was higher than analysts’ consensus forecast for $213 million, and adjusted earnings per share crushed an average estimate of $1.17.

Also notable was the tech company‘s impressive adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA). Adjusted EBITDA for the period was $83.5 million, or 39% of revenue. Management had guided for adjusted EBITDA of $78.5 million.

“We continue to deliver strong revenue growth while also generating profitability that is significantly higher than nearly all other comparable software and internet companies of our size,” CEO Jeff Green said in the company’s fourth-quarter update.

Growth drivers

Ad spend on connected TV continued to serve as a significant catalyst for The Trade Desk, as more viewers shift to streaming TV and as advertisers shift more ad spend to streaming platforms.

Connected-TV ad spend on The Trade Desk’s platform increased about 100% year over year in Q4 and 137% year over year for the full year.

Audio, mobile video, and mobile in-app also remain important catalysts for The Trade Desk, with full-year ad spend in these channels growing 185%, 50%, and 67%, respectively.

Seeking Alpha
The Trade Desk EPS beats by $0.33, beats on revenue
The Trade Desk (NASDAQ:TTD): Q4 Non-GAAP EPS of $1.49 beats by $0.33; GAAP EPS of $1.06 beats by $0.28. Revenue of $215.9M … READ MORE
Investor’s Business Daily
Trade Desk Earnings Top Views As Firm Plans Higher Investments
based Trade Desk (TTD) said adjusted earnings were $1.49 a share, up 37% from a year ago, with revenue rising 35% to $215.9 million. READ MORE
Trade Desk (TTD) tops Q4 2019 earnings and revenue targets; guides above view
The Trade Desk (NASDAQ: TTD) will be reporting its fourth quarter and full-year 2019 results after the market closes today. The market views … READ MORE
Wait for It but The Trade Desk Could Have Completed Its …
The Trade Desk Inc. (TTD) has declined sharply ahead of its scheduled announcement of fourth-quarter results after the market close Thursday. READ MORE