+22.1% after solid beat, raised 2018 guidance

The company is now guiding for revenue during the year to increase to at least $433 million. This is up from a previous outlook for full-year revenue of $403 million.

Management expects full-year adjusted EBITDA ( earnings before interest, taxes, depreciation, and amortization) to climb to $133 million, up from previous guidance for $117 million.

This would put Trade Desk's adjusted EBITDA margin at 30.5%, above previous guidance for an adjusted EBITDA margin of 29%.

The Trade Desk (NASDAQ:TTD) has jumped 22.1% in after-hours trading following a healthy beat on top and bottom lines in its Q1 earnings where it raised its full-year outlook.

Revenue grew 61% and EBITDA more than tripled, to $18.9M (well above expected $7.8M).

In channel highlights, it noted total mobile (in-app, video and Web) grew 95% Y/Y and increased to 42% of gross spend. Mobile video grew almost 160%, and mobile in-app grew almost 110%.

Customer retention stayed over 95% again.

For Q2, it's still guiding to revenue of $103M (above consensus for $93.1M) and EBITDA of $30M (above expectations for $25.9M).

For the full year, it's raise expectations, guiding to revenue of at least $433M (well above expectations for $403.9M) and EBITDA of about 30.5% of revenue, or $133M (above consensus for $117.9M).

The Trade Desk generated $85.7 million in revenue during the first quarter of 2018, a 61% jump from the same period last year,

Profitability was also up, with net quarterly income reaching $9.1 million, compared to $4.9 million in Q1 2017.

The Trade Desk raised its 2018 revenue forecast to at least $433 million, a $30 million increase from the initial guidance it released in February.

The biggest potential long-term growth driver for The Trade Desk’s business is the convergence of linear television and digital video through connected TV.

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