LOS ANGELES, Feb. 16, 2017 (GLOBE NEWSWIRE) -- The Trade Desk, Inc. (NASDAQ:TTD), a provider of a global technology
platform for buyers of advertising, today announced financial results for its fourth quarter and fiscal year ended December 31,
2016.
To summarize the year, founder and CEO of The Trade Desk, Jeff Green, said, “We surpassed $1 billion in gross spend on our
platform, grew revenue 78% to more than $200 million, generated $75 million of net cash from operating activities and completed a
successful IPO. 2016 was a massive year for The Trade Desk. Our mission has always been to change the way all of
advertising is bought. Today advertisers are wasting billions of dollars overloading consumers with uncoordinated or irrelevant
messaging because media buying is done through multiple uncoordinated specialty targeting shops or with media companies directly.
We are the only purely independent demand side platform buying media at scale, objectively, across all digital channels and
devices. We are still early in our growth trajectory and we expect 2017 to be another record year for the company as we continue to
see great momentum from our customers in the adoption of programmatic advertising on our platform and our global offerings.”
Fourth Quarter and Fiscal Year 2016 Financial
Highlights:
The following table summarizes our consolidated financial results for the quarter and fiscal year ended December 31, 2016 and
2015 ($ in millions, except per share amounts)
|
Three Months Ended |
|
Year Ended |
|
December
31, |
|
December
31, |
|
|
2016 |
|
|
|
2015 |
|
|
|
2016 |
|
|
|
2015 |
|
GAAP Results |
|
|
|
|
|
|
|
Revenue |
$ |
72.4 |
|
|
$ |
42.7 |
|
|
$ |
202.9 |
|
|
$ |
113.8 |
|
Increase in revenue year over year |
|
70 |
% |
|
|
131 |
% |
|
|
78 |
% |
|
|
156 |
% |
Net Income |
$ |
10.3 |
|
|
$ |
5.7 |
|
|
$ |
20.5 |
|
|
$ |
15.9 |
|
Diluted EPS(1) |
$ |
0.24 |
|
|
$ |
0.13 |
|
|
$ |
(1.46 |
) |
|
$ |
0.39 |
|
|
|
|
|
|
|
|
|
Non-GAAP Results |
|
|
|
|
|
|
|
Adjusted EBITDA |
$ |
28.6 |
|
|
$ |
18.7 |
|
|
$ |
65.2 |
|
|
$ |
39.2 |
|
Adjusted EBITDA Margin |
|
39 |
% |
|
|
44 |
% |
|
|
32 |
% |
|
|
34 |
% |
Non-GAAP Net Income(1) |
$ |
14.2 |
|
|
$ |
10.6 |
|
|
$ |
35.3 |
|
|
$ |
22.3 |
|
Non-GAAP Diluted EPS(1) |
$ |
0.33 |
|
|
$ |
0.28 |
|
|
$ |
0.89 |
|
|
$ |
0.61 |
|
|
|
|
|
|
|
|
|
(1) Attributable to common stockholders-diluted. |
|
|
|
|
|
|
|
Fourth Quarter and Fiscal Year 2016 Business Highlights
Include:
-
Continued Omni-channel Growth: 2016 gross spend with non-display campaigns increased to over half of gross
spend for the first time driven by newer channels such as Mobile and Video. Omni-channel solutions remain a strategic focus for
The Trade Desk as the industry continues shifting toward transparency and programmatic buying. Specific channel
highlights include:
- Native spend grew over 700% from Q32016 to Q42016
- Mobile In-App grew over 400% from Q42015 to Q42016
- Mobile video grew nearly 300% from 2015 to 2016
- Connected TV grew over 100% from Q32016 to Q42016
- Strong Customer Traction and Retention: The Trade Desk ended 2016 with 566 active customers and customer
retention remained over 95% during the quarter, as it has for the previous 12 quarters.
-
New Products and Features: Throughout the year, The Trade Desk issued a number of new channels, product
features and enhancements to its platform including
- New Channels in Native and Audio
- New cross-device targeting capabilities
- A major new user interface update
- Workflow improvement releases designed for media buyers to optimize and better leverage the platform including simpler
wizards and templates for easier startup, customizable reports at all levels and reporting improvements to enterprise
APIs.
- Global Footprint Expansion: In the fourth quarter of 2016, The Trade Desk broadened its coverage with the
opening of its 17th office in Jakarta, Indonesia. Additional geographic expansion is planned in the first quarter of
2017.
- Best Places to Work: The Trade Desk ranked #20 on Glassdoor’s 2017 Best Places to Work list in the Top Small
and Medium business category, was named for the third year in a row on Outside Magazine’s list of Best Places to Work in America
coming in at #13 and was named by Crain’s New York Business 2016 as one of the best places to work in New York City.
Full Year 2017 and First Quarter
Outlook:
Mr. Green added: “The industry is continuing to see ad dollars shift to programmatic and our customers are expecting to spend
significantly more with us than they did in 2016. For 2017, we expect gross spend on our platform to be at least $1.45
billion and revenue to be over $270 million. In the year ahead, we are opening new offices globally and are making aggressive
investments in high growth areas such as mobile, video and globally to grab share and deepen our engagement and strategic
importance with our customers. This will cause our expenses to grow at a faster rate in 2017 and as a result we expect
our adjusted EBITDA to be about $72 million. In 2017, growing and winning market share are more important than extracting
profits. Focusing on growth at least through the rest of this year will ultimately maximize profitability over the
long-term.“
The Trade Desk is providing its financial targets for the fiscal year 2017 and first quarter of 2017. The Company’s financial
targets are as follows:
Full Year 2017
- Total Gross Spend of $1.45 billion
- Revenue of $270 million
- Adjusted EBITDA of $72 million
First Quarter 2017:
- Revenue of $43 million
- Adjusted EBITDA of breakeven plus or minus $2 million
Reconciliation of adjusted EBITDA guidance to the closest corresponding U.S. GAAP measure is not available without unreasonable
efforts on a forward-looking basis due to the variability and complexity with respect to the charges excluded from these non-GAAP
measures; in particular, the measures and effects of our stock-based compensation expense that are directly impacted by
unpredictable fluctuations in our share price. We expect the variability of the above charges could have a significant, and
potentially unpredictable, impact on our future U.S. GAAP financial results.
Use of Non-GAAP Financial Information
Included within this press release are non-GAAP financial measures that supplement the Company's Condensed Consolidated
Statements of Operations prepared under generally accepted accounting principles (GAAP). These non-GAAP financial measures adjust
the Company's actual results prepared under GAAP by excluding charges for stock-based compensation, changes in fair value of
preferred stock warrant liabilities and a liquidation fee related to a prior debt facility that became due upon the IPO. A 40% tax
rate on the liquidation fee has been used in the computation of non-GAAP EPS, and as the other excluded charges are non-taxable, a
tax effect for those charges was not included. Also included in these non-GAAP financial measures are adjustments to diluted
earnings per share amounts, as applicable, to reflect the conversion upon the IPO of all then-outstanding shares of convertible
preferred stock voting together as a single class on an as-converted to common share basis of each outstanding convertible
preferred share into one third of one share of common stock using the as-if-converted method, as of January 1, 2015, or the
date of issuance, if later. Reconciliations of GAAP to non-GAAP amounts for the periods presented herein are provided in schedules
accompanying this release and should be considered together with the Condensed Consolidated Statements of Operations. These
non-GAAP measures are not meant as a substitute for GAAP, but are included solely for informational and comparative purposes. The
Company's management believes that this information can assist investors in evaluating the Company's operational trends, financial
performance, and cash generating capacity. Management believes these non-GAAP measures allow investors to evaluate the Company’s
financial performance using some of the same measures as management. However, the non-GAAP financial measures should not be
regarded as a replacement for or superior to corresponding, similarly captioned, GAAP measures.
Annual Report on Form 10-K
The company expects to file its annual report on Form 10-K for the fiscal year 2016 with the Securities and Exchange Commission
on Thursday February 16, 2017. This report will be available for viewing and download at http://investors.thetradedesk.com/.
Fourth Quarter and Fiscal Year 2016 Results Webcast and Conference Call Details
- When: February 16, 2017 at 2:00 P.M. Pacific Time (5:00 P.M. Eastern Time).
-
Webcast: A live webcast of the call can be accessed from the Investor Relations section of The Trade Desk’s
website at http://investors.thetradedesk.com/. Following the call, a replay will be available on the company’s website.
- Dial-in: To access the call via telephone in North America, please dial 866-682-6100. For
international callers, please dial 1-862-255-5401. Participants should reference the conference call ID “The Trade Desk
Call” after dialing in.
- Audio replay: An audio replay of the call will be available beginning about two hours after the
call. To listen to the replay in North America, please dial 1-877-481-4010 (replay code: 10239). International
callers, please dial 1-919-882-2331 (access code: 10239). The audio replay will be available via telephone until March 2,
2017.
About The Trade Desk
The Trade Desk™ (Nasdaq:TTD) is a technology company that empowers buyers of advertising. Through its self-service, cloud-based
platform, ad buyers can create, manage, and optimize more expressive data-driven digital advertising campaigns across ad formats,
including display, video, audio, native and, social, on a multitude of devices, such as computers, mobile devices, and connected
TV. Integrations with major data, inventory, and publisher partners ensure maximum reach and decisioning capabilities, and
enterprise APIs enable custom development on top of the platform. Headquartered in Ventura, CA, The Trade Desk has offices across
the United States, Europe, and Asia.
Forward-Looking Statements:
This document contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.
These statements relate to expectations concerning matters that (a) are not historical facts, (b) predict or forecast
future events or results, or (c) embody assumptions that may prove to have been inaccurate. These forward-looking
statements involve risks, uncertainties and assumptions. When words such as “believe,” “expect,” “anticipate,” “will”, “outlook” or
similar expressions are used, the Company is making forward-looking statements. Although the Company believes that the
expectations reflected in such forward-looking statements are reasonable, it cannot give readers any assurance that such
expectations will prove correct. The actual results may differ materially from those anticipated in the forward-looking
statements as a result of numerous factors, many of which are beyond the control of the Company. These are disclosed in the
Company’s reports filed from time to time with the Securities and Exchange Commission, including its most recent S-1 report and
10-K, available at www.sec.gov. Readers are urged not to place undue reliance on these forward-looking statements, which speak only
as of the date of this press release. The Company does not intend to update any forward-looking statement contained in this press
release to reflect events or circumstances arising after the date hereof.
|
|
|
|
|
|
|
|
|
THE TRADE DESK, INC. |
|
|
|
|
|
|
|
|
|
CONSOLIDATED STATEMENTS OF
OPERATIONS |
(Amounts in thousands, except per share
amounts) |
(Unaudited) |
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
Year Ended |
|
|
December
31, |
|
December
31, |
|
|
|
2016 |
|
|
2015 |
|
|
2016 |
|
|
|
2015 |
Revenue |
|
$ |
72,410 |
|
$ |
42,658 |
|
$ |
202,926 |
|
|
$ |
113,836 |
Operating expenses: |
|
|
|
|
|
|
|
|
Platform operations |
|
|
13,259 |
|
|
7,357 |
|
|
39,876 |
|
|
|
22,967 |
Sales and marketing |
|
|
14,774 |
|
|
8,264 |
|
|
46,056 |
|
|
|
26,794 |
Technology and development |
|
|
9,619 |
|
|
4,312 |
|
|
27,313 |
|
|
|
12,819 |
General and administrative |
|
|
10,721 |
|
|
4,740 |
|
|
32,163 |
|
|
|
13,276 |
Total operating expenses |
|
|
48,373 |
|
|
24,673 |
|
|
145,408 |
|
|
|
75,856 |
Income from operations |
|
|
24,037 |
|
|
17,985 |
|
|
57,518 |
|
|
|
37,980 |
Total other expense, net |
|
|
1,073 |
|
|
5,313 |
|
|
13,684 |
|
|
|
8,125 |
Income before income taxes |
|
|
22,964 |
|
|
12,672 |
|
|
43,834 |
|
|
|
29,855 |
Provision for income taxes |
|
|
12,684 |
|
|
7,022 |
|
|
23,352 |
|
|
|
13,926 |
Net income |
|
$ |
10,280 |
|
$ |
5,650 |
|
$ |
20,482 |
|
|
$ |
15,929 |
Net income (loss) attributable to common stockholders |
|
$ |
10,280 |
|
$ |
1,828 |
|
$ |
(26,727 |
) |
|
$ |
8,764 |
Earnings (loss) per share: |
|
|
|
|
|
|
|
|
Basic |
|
$ |
0.27 |
|
$ |
0.17 |
|
$ |
(1.46 |
) |
|
$ |
0.85 |
Diluted |
|
$ |
0.24 |
|
$ |
0.13 |
|
$ |
(1.46 |
) |
|
$ |
0.39 |
Weighted average shares outstanding: |
|
|
|
|
|
|
|
|
Basic |
|
|
38,588 |
|
|
10,579 |
|
|
18,280 |
|
|
|
10,290 |
Diluted |
|
|
43,023 |
|
|
14,564 |
|
|
18,280 |
|
|
|
16,779 |
|
|
|
|
|
|
|
|
|
STOCK-BASED COMPENSATION
EXPENSE |
(Amounts in thousands) |
(Unaudited) |
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
Year Ended |
|
|
December
31, |
|
December
31, |
|
|
|
2016 |
|
|
2015 |
|
|
2016 |
|
|
2015 |
Platform operations |
|
$ |
642 |
|
$ |
20 |
|
$ |
756 |
|
$ |
71 |
Sales and marketing |
|
|
1,389 |
|
|
39 |
|
|
1,707 |
|
|
127 |
Technology and development |
|
|
1,183 |
|
|
32 |
|
|
1,513 |
|
|
85 |
General and administrative |
|
|
794 |
|
|
32 |
|
|
1,080 |
|
|
91 |
Total |
|
$ |
4,008 |
|
$ |
123 |
|
$ |
5,056 |
|
$ |
374 |
|
|
|
|
|
|
|
|
|
THE TRADE DESK, INC. |
|
CONSOLIDATED BALANCE SHEETS |
(Amounts in thousands) |
(Unaudited) |
|
|
|
|
|
|
|
As of |
|
As of |
|
|
December 31, |
|
December 31, |
|
|
|
2016 |
|
|
2015 |
ASSETS |
|
|
|
|
Current assets: |
|
|
|
|
Cash |
|
$ |
133,400 |
|
|
$ |
4,047 |
Accounts receivable, net |
|
|
377,240 |
|
|
|
191,943 |
Prepaid expenses and other current assets |
|
|
5,763 |
|
|
|
3,812 |
Total current assets |
|
|
516,403 |
|
|
|
199,802 |
Property and equipment, net |
|
|
14,779 |
|
|
|
6,625 |
Deferred taxes, net |
|
|
1,778 |
|
|
|
1,171 |
Other assets, non-current |
|
|
4,636 |
|
|
|
2,633 |
Total assets |
|
$ |
537,596 |
|
|
$ |
210,231 |
|
|
|
|
|
LIABILITIES, CONVERTIBLE PREFERRED STOCK |
|
|
|
|
AND STOCKHOLDERS' EQUITY |
|
|
|
|
Current liabilities: |
|
|
|
|
Accounts payable |
|
$ |
321,163 |
|
|
$ |
108,461 |
Accrued expenses and other current liabilities |
|
|
22,973 |
|
|
|
10,439 |
Total current liabilities |
|
|
344,136 |
|
|
|
118,900 |
Debt, net |
|
|
25,847 |
|
|
|
44,888 |
Convertible preferred stock warrant liabilities |
|
|
- |
|
|
|
6,927 |
Other liabilities, non-current |
|
|
3,233 |
|
|
|
1,170 |
Total liabilities |
|
|
373,216 |
|
|
|
171,885 |
|
|
|
|
|
Convertible preferred stock |
|
|
- |
|
|
|
24,204 |
Stockholders' equity: |
|
|
|
|
Preferred stock |
|
|
- |
|
|
|
- |
Common stock |
|
|
- |
|
|
|
- |
Additional paid‑in capital |
|
|
179,198 |
|
|
|
1,039 |
Retained earnings (accumulated deficit) |
|
|
(14,818 |
) |
|
|
13,103 |
Total stockholders' equity |
|
|
164,380 |
|
|
|
14,142 |
Total liabilities, convertible preferred stock and stockholders' equity |
|
$ |
537,596 |
|
|
$ |
210,231 |
|
|
|
|
|
THE TRADE DESK, INC. |
|
|
|
|
|
CONSOLIDATED STATEMENTS OF CASH
FLOWS |
(Amounts in thousands) |
(Unaudited) |
|
|
|
|
|
|
|
Year Ended |
|
|
December
31, |
|
|
|
2016 |
|
|
|
2015 |
|
OPERATING ACTIVITIES: |
|
|
|
|
Net income |
|
$ |
20,482 |
|
|
$ |
15,929 |
|
Adjustments to reconcile net income to net cash provided by (used
in) |
|
|
|
|
operating activities: |
|
|
|
|
Depreciation and amortization |
|
|
3,798 |
|
|
|
1,828 |
|
Stock‑based compensation |
|
|
5,056 |
|
|
|
374 |
|
Change in fair value of preferred stock warrant liabilities |
|
|
9,458 |
|
|
|
5,961 |
|
Deferred income taxes |
|
|
(607 |
) |
|
|
338 |
|
Other |
|
|
3,050 |
|
|
|
718 |
|
Changes in operating assets and liabilities: |
|
|
|
|
Accounts receivable |
|
|
(187,736 |
) |
|
|
(114,170 |
) |
Prepaid expenses and other assets |
|
|
(2,675 |
) |
|
|
(3,040 |
) |
Accounts payable |
|
|
209,483 |
|
|
|
50,021 |
|
Accrued expenses and other liabilities |
|
|
14,722 |
|
|
|
5,481 |
|
Net cash provided by (used in) operating activities |
|
|
75,031 |
|
|
|
(36,560 |
) |
INVESTING ACTIVITIES: |
|
|
|
|
Purchase of property and equipment |
|
|
(6,884 |
) |
|
|
(5,128 |
) |
Capitalized software development costs |
|
|
(2,337 |
) |
|
|
(1,799 |
) |
Redemption of short-term investment |
|
|
- |
|
|
|
551 |
|
Net cash used in investing activities |
|
|
(9,221 |
) |
|
|
(6,376 |
) |
FINANCING ACTIVITIES: |
|
|
|
|
Proceeds from line of credit |
|
|
75,847 |
|
|
|
30,000 |
|
Repayment on line of credit |
|
|
(65,000 |
) |
|
|
(15,000 |
) |
Proceeds from term debt |
|
|
- |
|
|
|
15,000 |
|
Repayment of term debt |
|
|
(30,000 |
) |
|
|
- |
|
Payment of debt financing costs |
|
|
(976 |
) |
|
|
(190 |
) |
Payment of financing obligations |
|
|
(550 |
) |
|
|
(109 |
) |
Proceeds from issuance of Series C convertible preferred
stock |
|
|
60,000 |
|
|
|
- |
|
Repurchase of preferred stock and common stock |
|
|
(54,000 |
) |
|
|
- |
|
Proceeds from exercise of stock options |
|
|
488 |
|
|
|
166 |
|
Proceeds from employee stock purchase plan |
|
|
4,224 |
|
|
|
- |
|
Payment of stock repurchase costs |
|
|
(155 |
) |
|
|
(39 |
) |
Payment of Series C convertible preferred stock offering
costs |
|
|
(129 |
) |
|
|
- |
|
Proceeds from the issuance of Class A common stock in
initial public offering, |
|
|
|
net of underwriting commissions |
|
|
78,120 |
|
|
|
- |
|
Payment of offering costs—initial public offering |
|
|
(4,326 |
) |
|
|
(160 |
) |
Net cash provided by financing activities |
|
|
63,543 |
|
|
|
29,668 |
|
Increase (decrease) in cash |
|
|
129,353 |
|
|
|
(13,268 |
) |
Cash—Beginning of the year |
|
|
4,047 |
|
|
|
17,315 |
|
Cash—End of the year |
|
$ |
133,400 |
|
|
$ |
4,047 |
|
|
|
|
|
|
Non-GAAP Financial Metrics
(Amounts in thousands, except per share amounts)
The following tables show the Company’s GAAP financial metrics reconciled to non-GAAP financial metrics included in this
release.
|
|
Three Months Ended |
|
Year Ended |
|
|
December
31, |
|
December
31, |
|
|
|
2016 |
|
|
2015 |
|
|
2016 |
|
|
2015 |
|
|
|
|
|
|
|
|
|
Net income |
|
$ |
10,280 |
|
$ |
5,650 |
|
$ |
20,482 |
|
$ |
15,929 |
Add back: |
|
|
|
|
|
|
|
|
Depreciation and amortization expense |
|
|
1,186 |
|
|
705 |
|
|
3,798 |
|
|
1,828 |
Interest expense |
|
|
411 |
|
|
425 |
|
|
3,075 |
|
|
1,141 |
Provision for income taxes |
|
|
12,684 |
|
|
7,022 |
|
|
23,352 |
|
|
13,926 |
Stock-based compensation expense |
|
|
4,008 |
|
|
123 |
|
|
5,056 |
|
|
374 |
Change in fair value of preferred stock warrant liabilities |
|
|
- |
|
|
4,799 |
|
|
9,458 |
|
|
5,961 |
Adjusted EBITDA |
|
$ |
28,569 |
|
$ |
18,724 |
|
$ |
65,221 |
|
$ |
39,159 |
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
Year Ended |
|
|
December
31, |
|
December
31, |
|
|
|
2016 |
|
|
|
2015 |
|
|
2016 |
|
|
|
2015 |
|
|
|
|
|
|
|
|
|
|
GAAP net income (loss) attributable to common stockholders |
|
$ |
10,280 |
|
|
$ |
1,828 |
|
$ |
(26,727 |
) |
|
$ |
8,764 |
|
Add back (deduct): |
|
|
|
|
|
|
|
|
Income attributable to dilutive convertible preferred stock |
|
|
- |
|
|
|
- |
|
|
- |
|
|
|
1,624 |
|
Preferred stock modification |
|
|
- |
|
|
|
- |
|
|
- |
|
|
|
(3,793 |
) |
GAAP net income (loss) attributable to common stockholders-diluted |
|
|
10,280 |
|
|
|
1,828 |
|
|
(26,727 |
) |
|
|
6,595 |
|
Add back (deduct): |
|
|
|
|
|
|
|
|
Stock-based compensation expense |
|
|
4,008 |
|
|
|
123 |
|
|
5,056 |
|
|
|
374 |
|
Change in fair value of preferred stock warrant liabilities |
|
|
- |
|
|
|
4,799 |
|
|
9,458 |
|
|
|
5,961 |
|
Liquidation fee related to prior debt facility |
|
|
- |
|
|
|
- |
|
|
750 |
|
|
|
- |
|
Premium on repurchase of convertible preferred stock |
|
|
- |
|
|
|
- |
|
|
47,209 |
|
|
|
- |
|
Income attributable to convertible preferred stock |
|
|
- |
|
|
|
3,822 |
|
|
- |
|
|
|
10,958 |
|
Income attributable to dilutive convertible preferred stock |
|
|
- |
|
|
|
- |
|
|
- |
|
|
|
(1,624 |
) |
Adjustment for income taxes |
|
|
(118 |
) |
|
|
- |
|
|
(444 |
) |
|
|
- |
|
Non-GAAP net income attributable to common stockholders-diluted |
|
$ |
14,170 |
|
|
$ |
10,572 |
|
$ |
35,302 |
|
|
$ |
22,264 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
GAAP weighted average shares outstanding-diluted |
|
|
43,023 |
|
|
|
14,564 |
|
|
18,280 |
|
|
|
16,779 |
|
Add back: |
|
|
|
|
|
|
|
|
Convertible preferred stock |
|
|
- |
|
|
|
22,110 |
|
|
16,268 |
|
|
|
19,320 |
|
Dilutive stock options to purchase common stock |
|
|
- |
|
|
|
- |
|
|
4,518 |
|
|
|
- |
|
Dilutive ESPP shares |
|
|
- |
|
|
|
- |
|
|
36 |
|
|
|
- |
|
Dilutive stock warrants |
|
|
- |
|
|
|
640 |
|
|
363 |
|
|
|
547 |
|
Non-GAAP weighted average shares outstanding-diluted |
|
|
43,023 |
|
|
|
37,314 |
|
|
39,465 |
|
|
|
36,646 |
|
|
|
|
|
|
|
|
|
|
GAAP diluted EPS attributable to common stockholders |
|
$ |
0.24 |
|
|
$ |
0.13 |
|
$ |
(1.46 |
) |
|
$ |
0.39 |
|
Non-GAAP diluted EPS attributable to common stockholders |
|
$ |
0.33 |
|
|
$ |
0.28 |
|
$ |
0.89 |
|
|
$ |
0.61 |
|
|
|
|
|
|
|
|
|
|
Contact Information: Investors Chris Toth ir@thetradedesk.com 310-334-9183 Media Alexis Roberts Blast PR for The Trade Desk alexisr@blastpr.com 805-886-8511