The Trade Desk Reports Fourth Quarter and Fiscal Year 2019 Financial Results

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[{"type":"text","content":" LOS ANGELES--(BUSINESS WIRE)--\nGlobal advertising technology leader The Trade Desk (Nasdaq:TTD) today announced financial results for its fourth quarter and fiscal year ended December 31, 2019.\n\n\n“Our vision is to change the way advertising is bought by enabling data-driven decisions. For The Trade Desk, 2019 was another major step toward achieving that vision. Total spend on our platform was a record $3.1 billion. Spend in Q4 topped $1 billion, the first time we had ever crossed that threshold in a single quarter. This record spend helped drive 39% revenue growth to $661 million in 2019. We also generated $108.3 million in net income and $213.9 million of adjusted EBITDA. We continue to deliver strong revenue growth while also generating profitability that is significantly higher than nearly all other comparable software and internet companies of our size,“ said Jeff Green, Founder and CEO of The Trade Desk.\n\n\nFourth Quarter and Full Year 2019 Financial Highlights:\n\n\nThe following table summarizes our consolidated financial results for the quarters and fiscal year ended December 31, 2019 and 2018 ($ in millions, except per share amounts):\n\n\n\n\n \n\n\n\n \n\n\n\nThree Months Ended\n\n\n\n \n\n\n\n \n\n\n\nYear Ended\n\n\n\n \n\n\n\n\n\n \n\n\n\n \n\n\n\nDecember 31,\n\n\n\n \n\n\n\n \n\n\n\nDecember 31,\n\n\n\n \n\n\n\n\n\n \n\n\n\n \n\n\n\n2019\n\n\n\n \n\n\n\n \n\n\n\n2018\n\n\n\n \n\n\n\n \n\n\n\n2019\n\n\n\n \n\n\n\n \n\n\n\n2018\n\n\n\n \n\n\n\n\n\nGAAP Results\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nRevenue\n\n\n\n \n\n\n\n$\n\n\n\n \n\n\n\n215.9\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n \n\n\n\n160.5\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n \n\n\n\n661.1\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n \n\n\n\n477.3\n\n\n\n \n\n\n\n\n\nIncrease in revenue year over year\n\n\n\n \n\n\n\n \n\n\n\n35\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n56\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n39\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n55\n\n\n\n%\n\n\n\n\n\nNet Income\n\n\n\n \n\n\n\n$\n\n\n\n \n\n\n\n50.9\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n \n\n\n\n39.4\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n \n\n\n\n108.3\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n \n\n\n\n88.1\n\n\n\n \n\n\n\n\n\nDiluted EPS\n\n\n\n \n\n\n\n$\n\n\n\n \n\n\n\n1.06\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n...

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