NASDAQ$TTD

Trade Desk Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

The Trade Desk reported a strong March quarter despite the Covid-19 pandemic, delivering 33% year-over-year revenue growth and strong EBITDA margins.

The Trade Desk reported a revenue of $160.7 million, a net income of $24.1 million, and a diluted EPS of $0.50 for the first quarter ended March 31, 2020. Despite the Covid-19 pandemic, the company delivered 33% year-over-year revenue growth and strong EBITDA margins.

  • Revenue increased by 33% year-over-year.
  • Customer retention remained over 95%.
  • Connected TV spend grew 100% year-over-year.
  • Mobile video spend grew 74% year-over-year.

Headline financials

Total Revenue

$161M

Previous: $121M+32.8%
EPS (adj)

$0.05

Previous: $0.02+150.0%
Capital Expenditures

-$18.3M

Previous: -$6.09M-200.9%
Free Cash Flow

$5.75M

Previous: $4.07M+41.3%
Net Income

$24.1M

Previous: $10.2M+137.0%
Operating Income

$10.8M

Previous: $5.67M+89.9%
Gross Profit

$120M

Previous: $87.3M+37.9%
Cash & Equivalents

$325M

Previous: $144M+126.1%
Total Assets

$1.77B

Previous: $1.08B+63.3%
Stock-Based Comp

$23M

Previous: $15.9M+44.7%

Revenue & EPS history

Trade Desk · Revenue · Quarterly

$161M

Q1 2020+32.8%vs Q1 2019
Beat estimate in 15 of 15 quarters(100%)
ActualEstimate

Forward guidance

As a result of the impact of the Covid-19 pandemic on economic activity and advertiser demand, The Trade Desk is not providing financial guidance for revenue or Adjusted EBITDA for the second quarter of 2020. In addition, the Company is withdrawing its outlook for gross spend, revenue and Adjusted EBITDA for the full year 2020.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+7.6%

Avg return

Earnings day

+7.0%

Avg return

5 days after

+8.9%

Avg return

30 days after

69%

29 / 42 earnings

Positive

+46.8%

Q1 2018

Best reaction

-33.0%

Q4 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-17.0%-12.2%-16.9%
Q4 2025+12.0%-0.6%-15.4%
Q3 2025-3.2%-4.6%-12.7%
Q1 2025+18.7%+32.1%+19.3%
Q4 2024-33.0%-34.5%-55.9%
Q3 2024+0.3%+5.1%+11.5%
Q2 2024+16.9%+15.8%+18.1%
Q1 2024-1.1%-2.4%+5.1%
Q4 2023+19.7%+11.1%+3.2%
Q3 2023-18.8%-14.2%-10.4%
Q2 2023-9.6%-11.8%-1.7%
Q1 2023+0.6%-0.2%+16.3%
Q4 2022+26.3%+20.8%+17.2%
Q3 2022+9.5%+10.1%+10.2%
Q2 2022+35.1%+35.5%+17.1%
Q1 2022-3.7%+15.4%+16.7%
Q4 2021-1.4%-3.1%-14.5%
Q3 2021+41.6%+46.4%+42.8%
Q2 2021+4.2%-3.7%-14.0%
Q1 2021-22.2%-21.8%-11.5%
Q4 2020+7.0%-6.3%-13.2%
Q3 2020+29.6%+11.8%+42.9%
Q2 2020-0.6%-10.1%-11.0%
Q1 2020+1.1%-0.5%+13.5%
Q4 2019+7.6%+4.0%-25.2%
Q3 2019+0.6%+15.1%+27.2%
Q2 2019+5.7%+2.9%-9.4%
Q1 2019-17.4%-16.6%+10.3%
Q4 2018+31.7%+30.3%+35.2%
Q3 2018-7.1%-15.0%+1.3%
Q2 2018+39.9%+45.6%+55.4%
Q1 2018+46.8%+55.7%+72.0%
Q4 2017+20.3%+11.5%+7.1%
Q3 2017-17.3%-23.7%-26.6%
Q2 2017+0.9%-5.5%+4.1%
Q1 2016+29.4%+30.3%+28.2%
Q1 2017+29.4%+30.3%+28.2%
Q2 2016+2.2%+10.5%+24.8%
Q4 2016+2.2%+10.5%+24.8%
Q3 2016+10.9%+10.0%+19.7%
Q4 2015+10.9%+10.0%+19.7%
Q3 2015+10.9%+10.0%+19.7%
Q2 2015
Q1 2015

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