January 20, 2017 6:35 AM ET

Internet Software and Services

Company Overview of The Trade Desk, Inc.

Company Overview

The Trade Desk, Inc. operates a self-service platform that enables ad buyers to purchase and manage data-driven digital advertising campaigns using their own teams in the United States, Europe, Asia, and Australia. Its platform allows clients to manage integrated advertising campaigns in various advertising formats, including display, video and social, and on a multitude of devices, including computers, mobile devices and connected TV. The Trade Desk, Inc. was founded in 2009 and is headquartered in Ventura, California.

42 North Chestnut Street

Ventura, CA 93001

United States

Founded in 2009

339 Employees

Phone:

805-585-3434

Key Executives for The Trade Desk, Inc.

Co-Founder, Chief Executive Officer, President and Director
Age: 39
Total Annual Compensation: $307.5K
Chief Financial Officer
Age: 42
Total Annual Compensation: $265.0K
Chief Operating Officer and Director
Age: 49
Total Annual Compensation: $268.8K
Chief Client Officer
Age: 37
Total Annual Compensation: $268.8K
Compensation as of Fiscal Year 2015.

The Trade Desk, Inc. Key Developments

The Trade Desk, Inc. Presents at Citi 2017 Global Internet, Media & Telecommunications Conference, Jan-04-2017 02:00 PM

The Trade Desk, Inc. Presents at Citi 2017 Global Internet, Media & Telecommunications Conference, Jan-04-2017 02:00 PM. Venue: The Bellagio Hotel, Las Vegas, Nevada, United States.

The Trade Desk, Inc. Presents at 19th Annual Needham Growth Conference, Jan-11-2017 10:00 AM

The Trade Desk, Inc. Presents at 19th Annual Needham Growth Conference, Jan-11-2017 10:00 AM. Venue: Lotte New York Palace, 455 Madison Avenue at 50th Stree, New York, NY 10022, United States.

The Trade Desk, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016; Provides Earnings Guidance for the Fourth Quarter of 2016 and Revenue Guidance for the Year 2016

The Trade Desk, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, the company reported revenues of $54,956,000 against $25,768,000 for the same period in the last year. Income from operations was $15,051,000 against $9,191,000 a year ago. Income before income taxes was $5,320,000 against $7,816,000 a year ago. Net income attributable to common stockholders was $972,000 or $0.06 per diluted share against $1,453,000 or $0.10 per diluted share a year ago. Adjusted EBITDA was $16,579,000 against $9,330,000 a year ago. Non-GAAP net income attributable to common stockholders-diluted was $9,403,000 or $0.24 per diluted share against $5,394,000 or $0.15 per diluted share a year ago. For the nine months, the company reported revenues of $130,516,000 against $71,178,000 for the same period in the last year. Income from operations was $33,481,000 against $19,995,000 a year ago. Income before income taxes was $20,870,000 against $17,183,000 a year ago. Net loss attributable to common stockholders was $37,007,000 or $3.23 per diluted share against net income attributable to common stockholders of $6,922,000 or $0.26 per diluted share a year ago. Net cash provided by operating activities was $20,870,000 against net used in operating activities of $25,525,000 a year ago. Purchase of property and equipment was $3,516,000 against $1,463,000 a year ago. Capitalized software development costs were $1,796,000 against $1,236,000 a year ago. Adjusted EBITDA was $36,652,000 against $20,435,000 a year ago. Non-GAAP net income attributable to common stockholders-diluted was $21,158,000 or $0.57 per diluted share against $11,692,000 or $0.32 per diluted share a year ago. For the fourth quarter of 2016, revenue expected to be $62 million and adjusted EBITDA margin of 30%. The company’s effective tax rate was 59% in third quarter 2016 due to the non deductibility of stock compensation expense and the expense associated with the change in the fair value of the preferred warrants, both of which are noncash. Because income taxes are calculated on a year-to-date basis and adjusted each quarter, its fourth quarter effective tax rate will be similar to third quarter of 2016. The company provided earnings outlook for the year 2016. For the period, the company expects revenue to be $193 million on total gross spend of around $1 billion.

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