The Trade Desk’s revenue up 42% from a year ago

The Trade Desk’s revenue up 42% from a year ago

The Trade Desk’s revenue was $159.9 million for the last quarter, up 42% from a year ago and adjusted EBITDA was $58 million in Q2, the company announced this week.

“We are executing well. The fundamentals of our business are solid, and we continue to scale our business across markets in key growth areas such as CTV,” said Founder and CEO of The Trade Desk, Jeff Green.

Total Mobile (in-app, video, and web) was 47% of gross spend for the quarter. Mobile Video spend grew 50% from Q2 2018 to Q2 2019. Mobile In-App spend grew 63% from Q2 2018 to Q2 2019. According to The Trade Desk, connected TV spend grew over 2.5x from Q2 2018 to Q2 2019 while audio spend grew over 270% from Q2 2018 to Q2 2019.

Jeff Green added: “The first half of 2019 is off to a great start. The biggest brands in the world continue to shift their advertising spending to programmatic on our platform. As a result, we are raising our 2019 revenue guidance to be at least $653 million. At the same time, we are continuing to make large investments in areas critical to our future. We now expect our adjusted EBITDA to be $201 million for 2019. The secular tailwind of programmatic is strong. Our focus is on gaining share and revenue growth as this will ultimately maximize profitability over the long-term.”

For the year of 2019, The Trade Desk expects a revenue of at least $653 million, revised from $645 million, and an adjusted EBITDA of $201 million or about 30.8% of revenue, revised from $188.5 million.

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