Recent TTD transcripts
Associated TTD filings
Chris Toth | Vice President of Investor Relations |
Jeff Green | Founder and CEO |
Blake Grayson | Chief Financial Officer |
Shyam Patil | SIG |
Vasily Karasyov | Cannonball Research |
Tim Nollen | Macquarie |
David Beckel | Berenberg David |
Brian Fitzgerald | Wells Fargo |
Mark Zgutowicz | Rosenblatt Securities |
Tom White | D.A. Davidson |
Good day, ladies and gentlemen, and welcome to the Trade Desk First Quarter 2021 Earnings Conference Call. At this time, all participants have been placed on a listen-only mode and the floor will be opened for your questions and comments following the presentation. It is now my pleasure to turn the floor over to your host, Chris Toth. Sir, the floor is yours.
Thank you, operator. to afternoon good and everyone. Hello Trade Welcome conference quarter earnings first to The call. XXXX Desk
call Founder section. copy On Green; are in found today the our at website Financial press can thetradedesk.com Blake on earnings our and Investor and Officer, Grayson. our A Relations of the release be Chief Jeff CEO,
upon in historical of our the dependent discussion Before we to risks to like which some would certain contain change. remind you statements, our pandemic subject results In information, expectations responses Q&A our uncertainties. begin, I that may forward-looking of except of business and are particular, for the around and and on the are operations our COVID-XX impact
incorrect, or our actual our and refer results materially our these from implied you I factors differ those referenced financial any in press our or So of be risks could projections these materialize the risk to encourage most filings. release to forward-looking by to recent statements. SEC in should assumptions included prove
our addition to present of data. that the believe over press I combined provides measures, supplemental with meaningful Jeff? and CEO, representation Founder We results, to providing now of more turn results, the non-GAAP A a performance. be operational reconciliation reporting non-GAAP GAAP we also call release. Company's GAAP our In measures in will our the financial can Jeff Green. found earnings GAAP non-GAAP financial to
joining thank us for you and all Thanks, Chris, today.
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and you, everyone. Thank good Jeff, afternoon,
strong, year the revenue you world. the a QX XXXX $XXX out have our results, seen has ago. As around was million, XX% a challenges in increase started despite lingering from faced
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EBITDA least in. to benefit lapped outlook strength estimate second rate continues $XXX We the to in in growth total our and at represent relative the to our that I We significantly year-over-year accelerate as we would due $XX growth to QX million during teams are to be between working XXXX. which the of saw million to would a million, growth to XX% second XX% the forecast revenue the on the quarter, EBITDA QX to between $XXX adjusted remind growth our virtual to in year-over-year for we we estimate QX pandemic slower of be related expect Turning revenue basis. environment relative QX. you quarter
as we revenue growth As the improving we rates we to environment, XXXX, in the a half decelerate expect acceleration full digital continue to reasonable expect from XXXX. we year, for advertising as QX significant spend last as against in In lap comp in well in will of sequential that generated rate benefited U.S. we spend of strong growth. That second rebound model increasingly political significantly our in advertising on about by digital to election material QX relative year, growth driven an particular, basis of periods think the period. our and the said, that to revenue a continue we growth we year-over-year total
with our If different continue election top has a closing, of from you while recall, all represented we been spend share QX while could grab expected, navigated our call relationships commitment that operator, the our our grit, better percent have the anything of far sustainable and high growth and the resilience concludes That as the the we year with political with total and XXXX. unwavering In year an to past And customers extremely in way single-digit employees line building spend challenges questions. that, past to of I'm U.S. our values share deliver a profitability, company. with and open of for partners. prepared up let's proud remarks.
coming Shyam your and gentlemen, from is [Operator Patil open is live. ladies And question Shyam, Certainly, for Instructions] now first line SIG. question. from floor the is the
continued a seasonality you we I shopper guys one of of comps it moving year, are the you Nice look talked seems have with Blake. had live. But there at like going lot the as job execution. you on Solimar, have parts about, and kind When marketing question. also just
could have rest account was growth more the all bit business when TTV. into take the little you're for these momentum things about the with how about a year? of talk just You continued I wondering, and you if the thinking you
CTV I also bullish fair Thanks, the I'm it's kind say CTV once that I of excited in business. -- spend Shyam. doubled compared about last than is to to on I year. think QX, The And for never more I've our And business been never or so in Yes, there words. been Yes. more have our again, and much QX appreciate that year. this especially, more more bullish about
or trend how from Blake just in course, CTV the again, impressive of will talk CTV trends second. once accelerate. the continues just So actually to just a linear the to highlighting move in television away just are, traditional
Because it's people have has CTV that cord also has there the on everybody looking cable home when relating the there macro And that at television become thing it what focus in you meant than been, and the trend app? accelerated, harder ever been. on more than that ever quarantine more Or Is AVOD consumer on are for In is question let experience for fact, to cutting other to it me, this add is I'll political. also and looking and to discovery made some at at Internet so companies looking question they're content more and on more harder it's stay stream for been. color is than extract most, value that put app? That's TV. entire television are things the actually means to fuel tougher their linear it's him pressure to a essentially, and in and SVOD and COVID that looking which apps is that TV that companies. ever But also on cut. And
them a platform What that relevant And effective. other CTV. is apps to looking than accelerating part is So more need of be does be highly order that middle, the they, like to means fact, sell different means in across and that channels. they and need in ads in to sits ours any all it that AVOD these
can talk second. there. UID off excited of more that the if some Blake, I been is future business in reach the which what So But value help a one frequency, quality about. all some part the, of imagine CTV, in manage the that overall momentum would we'll chance you stays these about means them our and business strong. of for about shop never owners get has and left being I've highlights. source I'm demand we that for bright a advertisers help our of largest more content I'll I'm not talk our to sure add? most
In we XX% that's year Shyam, fundamentals Sure. quarterly mind, when when benefited against Thanks, revenue, spend. thing the last growth comparisons, the like rate business the strong, like what Jeff that to that of the opinion. mentioned only political basis for rate that's in with XXXX. once said, my of you you accelerated from I would the more thanks, I you The QX from QX would and the growth a And year-over-year, prepared really QX to you on reiterate just are then comparing keep question. in but like a remarks, U.S. XX% said, all really quite not of in sequential I take mid-XXs in QX, think political, political. exclude exclude Jeff.
into guidance you the that that once in as at also political super had that reflected growth reflects to year-over-year an XX% optimistic that's QX. look acceleration of a stack acceleration see kind of And basis on side. from that we a that then we exclude can XX% the QX, bit So noise we two-year versus
So that makes trend also optimistic. is super something us that
us number optimism a CTV the not gives areas talked in into other and XXXX seeing excited, this that that things in of for that all all we've basis beyond gets and the comfortable reasonable about acceleration year a year the times but well. momentum, like momentum about, business where as really things XXXX, with and we've me the on got So XXXX, from are full but really of in just
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your is from is question line next the live. Nollen coming And Tim from Tim, Macquarie.
there a Jeff, your comments now, can and give bit which you're largely more futures and back programmatic if a the is, upfront with a really give question to-date the if on I its how part getting with Just of just markets, market. I understand, is programmatic guarantees CTV, upfront in just right us us particularly would more you much. and any of color your market, doing really has on And is been the us does can advertisers? to The networks what you're things on upfront come very Thanks role Trade work do and scatter -- maybe How into the help itself? that? buying programmatic market? delivery the work you work upfront Desk's like way color role, how in underway
Absolutely.
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the next Berenberg from is live. from David. your And David question coming is Beckel David, line
X.X? two think X.X. But It the magic mentioning I made there's to a to sounds people authenticated bit I'm Jeff on among if wondering a expand many users, need to some up that's could it that about, right if to then just to how like on be been be right, look you just investors that and second, not way signed even they're the have multiples up larger number to exactly e-mail anticipate with reported. some was UID efficacy was me that And saying but through point look presumably reconciliation to them of way be needing there platforms about the not previously at X.X. because with UID get ash identifiers Apple of sort a on you on pick cookies. a dispersions at the that cast on Do the UID you're of like Google, platforms, you of on sort comment, have privacy question. obviously, I progress effectiveness, at XX% interpreting did things like significant that replicate acceptance authenticated par of I I'm those the you of users, little to on some first board confusion necessarily? That's sounds that the of
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Fitzgerald from is Brian live. is next you. Wells Brian, Fargo. the question from And line your coming Thank
be Google for enable FLoC and if then got been since FLoC. And It's quite bit, on the discrimination workable muddied housing EU. things broader frankly. clear even concerns and Jeff, would from update waters mortgages. will under whether an recently we adds FLoC have some then, like a And there's about not
then on if had clients it. doing, And impacts are quick what the and I of of you what wake is were saw be, And high-level seeing gains you is share in ID clients the previously that forward? think terms pace to potential of any So Google DSP a what the is dynamics to that want versus about thoughts addendum know saying how you versus double-click in share would deprecation that Google, you going accelerating
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Mark Thank And live. your from you. is is Securities. line the coming from Mark, Zgutowicz next Rosenblatt question
you forward coming to sort footsteps, can how in, and the how Jeff, see most kind I'm of here curious we X.X? sort ID And that affect I'm the room rollout of is the does if elephant levels set expectations. rates in below well just curious, Android fast the today in rates, following of think, really consent of just UID Apple's of I
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change two just like our call. Unified do talking our as We that If consent to expect no million for which most through the big and XX advertisers. this continues about, to will on But from that footprint result for the before, based one have Google. which on hash is is But asset we to and companies the what different slightly, are which minutes It IDFA in get fact, not dependent choose Apple we've through Gmail that's reasons IDFA of spend because to I change. such signed change that before the a impressions, was incidentally. per Incidentally, happen, second, get ones IDs in the extremely then e-mail consent a part my in the a address I we any address. set seen just was have don't. every material to saying valuable seen are one advertising And that ID as of relates for ads apps Apple, Google's was business Gmail we tech that continue on changes, providing material addresses, an you're based It In e-mail effective ID. of our often you of and the targeted look it at their ability changes. of e-mail it's which we approach
somehow the So very when that consent is those to the opt-in and similar, approach and an is managing something or e-mail e-mail-based companies idea same in question which are approach leveraging based exact on address. privacy
there's and strong more a we're way have gives we're time that question. it think for evidence we it I Paul, to one doing that do right, And convinced right.
Tom Okay. White question be D.A. live. The is line your final will coming Davidson. from from Tom,
moving the the to that its think the the the UID there Maybe correspond is benefit seem as efficacy you Can of kind And of follow-up to then enable initial transition? could rollout, referenced ability next the a act maybe a on than available to, better -- the in cookies. dig platform? a tailwind and you wave targeting? nice extent what's just should to to over way on any attribution UID to how or spend relative which cross-channel you spike then kind spend or months Solimar to Jeff, we into maybe business and of Solimar. say, impact X.X to to can which just about in for one X.X's And on measurement quantify weeks
was you I'm we the been asked measurement. it Internet in to And with the why really television fantastic. Nielsen. speaks very it changing Yes, better first one measurement cross-channel And has moves decades. of course, the they, of has gold for about TV that partners And the as of world standard as recognize to TV. that the glad went moves public Nielsen that is -- to means change. measurement connected and that
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company. community summer, launched changer So, all that put this together will do the I when for that be and we our and that think it a game for advertising
hand final Thank Trade back Desk over for you. would call now The the like I to to remarks.
I the are numbers change of few good call. the time minutes appreciated ran everyone, a questions, the we the on but hope joining. The over hour, of I for know Thanks, top again, greater. much call the everyone of and really
of with the quarter. So we've that everyone the forward remainder received we the appreciate over and look feedback to speaking
good a afternoon, everyone. have So
everyone. Thanks
today's This Thank does conference. you, ladies and gentlemen. conclude
disconnect time, Thank participation. this for lines may your a You have your you and day. wonderful at
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