=The Trade Desk (TTD) reported earnings on Thur 9 Aug 2018 (a/h)

The Trade Desk beats by $0.16, beats on revs; guides Q3 above consensus; raises FY18 above consensus 

• Reports Q2 (Jun) earnings of $0.60 per share, excluding non-recurring items, $0.16 better thanthe Capital IQ Consensus of $0.44; revenues rose 54.3% year/year to $112.3 mln vs the $103.87 mln Capital IQ Consensus. EBITDA +46% to $37M vs. $30M guidance 
  • Specific channel spend highlights include: Mobile (in-app, video and web) grew 89% from Q2 2017 to Q2 2018. Mobile increased to 45% of gross spend for the quarter, its highest percentage ever, highlighting the growing importance of this channel to advertisers. Connected TV more than doubled from Q1 2018 to Q2 2018. Audio grew 191% from Q2 2017 to Q2 2018. Mobile video grew 156% from Q2 2017 to Q2 2018. Mobile in-app grew 104% from Q2 2017 to Q2 2018.
• Co issues upside guidance for Q3, sees Q3 revs of $116 mln vs. $108.98 mln Capital IQ Consensus Estimate; EBITDA $33M.
• Co issues upside guidance for FY18, raises FY18 revs to at least $456 mln vs. $433.89 mln Capital IQ Consensus from at least $433M; EBITDA to $140M from $133M.