Telaria (NYSE:TLRA) released its Q4 2018 earnings this morning, and its stock is seeing gains over 30% on the NYSE today! This morning the technology company held an earnings call with investors at 8:00 AM Eastern Time—before the bell. After the meeting concluded, the company sent out a full press release detailing its Q4 financial results.
Telaria Revenue Up 26% in 2018
Telaria runs a software platform that is made specifically for publishers to manage premium video advertising. The New York-based technology company announced this morning that it brought in fourth-quarter revenue of $19.7 million, up 31% year-over-year. For the full 2018, Telaria brought in $55.2 million in revenue, up 26% year-over-year.
For its gross profit, the tech company pulled in $16.8 million, up 20%, and for the year, Telaria brought in $48.3 million, up 20% year-over-year.
“We ended the year on a strong note driven by growth in CTV, which increased over three-fold from last year and represented 33% of revenue for the quarter,” said CEO Mark Zagorski.
Telaria has strong partnerships already with Hulu and PlutoTV, but in the last quarter closed with new customers Outside TV and Cheddar. In Q4, the company also renewed its ongoing Hulu partnership. The technology company reported a 232% increase in CTV revenue in Q4.
TLRA Stock Movement
According to Yahoo Finance, TLRA is still climbing. At the time of writing, the tech stock is trading at $4.89 a share, up +$1.27 (+35.08%). Today’s price spike is the largest daily stock rise Telaria has seen in over five years. TLRA has been slowly climbing all year, and year-to-date, the tech stock is up +85%.
Are you excited about the Telaria Q4 earnings results? Will TLRA be able to maintain its current momentum?
Let us know what you think about the company in the comment section below.
Featured Image: Unsplash