=The Trade Desk (TTD) reported earnings on Thur 11 May 2017 (a/h)

The Trade Desk beats by $0.18, beats on revs; guides Q2 revs above consensus; raises FY17 above consensus:

• Reports Q1 (Mar) earnings of $0.18 per share, excluding non-recurring items, $0.18 better than the Capital IQ Consensus of ($0.00); revenues rose 75.7% year/year to $53.4 mln vs the $43.3 mln Capital IQ Consensus; EBITDA $6.3 mln vs. ($2)-2 mln guidance.
  • Mobile (In-App, Video and Web) increased to over a third of gross spend for the quarter highlighting the growing importance of this channel to advertisers.
  • Native spend was very strong in Q1 surpassing all Native spend in 2016. Native was launched in Q2 2016.
  • Mobile In-App grew nearly 150% from Q1 2016 to Q1 2017.
  • Mobile Video grew over 200% from Q1 2016 to Q1 2017. - Connected TV grew nearly 200% from Q1 2016 to Q1 2017. 
• Co issues upside guidance for Q2, sees Q2 revs of $67 mln vs. $60.67 mln Capital IQ Consensus Estimate; EBITDA $14.5 mln.
• Co issues upside guidance for FY17, raises FY17 revs to at least $291 mln from $270 mln vs. $270.64 mln Capital IQ Consensus; raises EBITDA to $78 mln from $72 mln
• "During the quarter, we had incredibly strong customer wins, international growth was exceptional, mobile, which includes In-App, video and web, continued to lead our channel growth and we opened new offices in Paris and Madrid."