<SEC-DOCUMENT>0001157523-19-000414.txt : 20190221
<SEC-HEADER>0001157523-19-000414.hdr.sgml : 20190221
<ACCEPTANCE-DATETIME>20190221161031
ACCESSION NUMBER:		0001157523-19-000414
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20190221
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20190221
DATE AS OF CHANGE:		20190221

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Trade Desk, Inc.
		CENTRAL INDEX KEY:			0001671933
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370]
		IRS NUMBER:				271887399
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-37879
		FILM NUMBER:		19621971

	BUSINESS ADDRESS:	
		STREET 1:		42 N. CHESTNUT STREET
		CITY:			VENTURA
		STATE:			CA
		ZIP:			93001
		BUSINESS PHONE:		(805) 585-3434

	MAIL ADDRESS:	
		STREET 1:		42 N. CHESTNUT STREET
		CITY:			VENTURA
		STATE:			CA
		ZIP:			93001
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a51943983.htm
<DESCRIPTION>THE TRADE DESK, INC. 8-K
<TEXT>
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    <p style="text-align: center">
      <br>
      <font style="font-family: Times New Roman; font-size: 18pt"><b>UNITED
      STATES</b></font><b><font style="font-family: Times New Roman; font-size: 18pt"><br style="font-family: Times New Roman; font-size: 18pt"></font><font style="font-family: Times New Roman; font-size: 18pt">SECURITIES
      AND EXCHANGE COMMISSION</font></b><br><font style="font-family: Times New Roman; font-size: 12pt"><b>Washington,
      D.C. 20549</b></font><br><br><font style="font-family: Times New Roman; font-size: 18pt"><b>FORM
      8-K</b></font><br><br><font style="font-family: Times New Roman; font-size: 12pt"><b>CURRENT
      REPORT</b></font><br><br><font style="font-family: Times New Roman; font-size: 12pt"><b>Pursuant
      to Section 13 or 15(d) of</b></font><br><font style="font-family: Times New Roman; font-size: 12pt"><b>the
      Securities Exchange Act of 1934</b></font><br><br><font style="font-family: Times New Roman; font-size: 12pt"><b>Date
      of Report (Date of earliest event reported): February 21, 2019</b></font><font style="font-family: Times New Roman; font-size: 10pt"><br style="font-family: Times New Roman; font-size: 10pt"></font><br><font style="font-family: Times New Roman; font-size: 18pt"><b>THE&#160;TRADE&#160;DESK,
      INC.</b></font><br><font style="font-family: Times New Roman; font-size: 10pt"><b>(Exact
      name of registrant as specified in its charter)</b></font><br><br>
    </p>
<div style="text-align:left">
    <table cellspacing="0" style="font-size: 10pt; width: 100%; font-family: Times New Roman; margin-bottom: 10.0px">
      <tr>
        <td style="padding-left: 0.0px; width: 33%; text-align: center" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Delaware</b>
          </p>
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; width: 34%; white-space: nowrap; text-align: center" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>001-37879</b>
          </p>
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; width: 33%; white-space: nowrap; text-align: center" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>27-1887399</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; width: 33%; text-align: center" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>(State or other jurisdiction</b>
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>of incorporation)</b>
          </p>
        </td>
        <td style="padding-left: 0.0px; width: 34%; text-align: center" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>(Commission</b>
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>File Number)</b>
          </p>
        </td>
        <td style="padding-left: 0.0px; width: 33%; text-align: center" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>(I.R.S. Employer</b>
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Identification No.)</b>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">

    </p>
    <p style="text-align: center">
      <b>42 N. Chestnut Street</b><br><b>Ventura, CA 93001</b><br><b>(Address
      of principal executive offices) (Zip Code)</b><br><br><b>(805) 585-3434</b><br><b>(Registrant&#8217;s
      telephone number, including area code)</b><br><br><b>Not Applicable</b><br><b>(Former
      Name or Former Address, if Changed Since Last Report)</b>
    </p>
    <p style="text-align: left">

    </p>
    <p>
      <font style="font-family: Times New Roman; font-size: 10pt">Check the
      appropriate box below if the Form 8-K filing is intended to
      simultaneously satisfy the filing obligation of the registrant under any
      of the following provisions </font>(see General Instruction A.2. below):
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: Times New Roman; font-size: 10pt">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: Times New Roman; font-size: 10pt">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: Times New Roman; font-size: 10pt">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: Times New Roman; font-size: 10pt">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font>
    </p>
    <p>

    </p>
    <p>
      <font style="font-family: Times New Roman; font-size: 10pt">Indicate by
      check mark whether the registrant is an emerging growth company as
      defined in Rule 405 of the Securities Act of 1933 (17 CFR&#160;&#167;230.405) or
      Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR&#160;&#167;240.12b-2).</font>
    </p>
    <p>

    </p>
    <p style="text-align: right">
      <font style="font-size: 10pt">Emerging growth company</font><font style="font-family: Arial Unicode MS; font-size: 10pt">&#160;&#8414;</font>
    </p>
    <p style="text-align: right">

    </p>
    <p>
      <font style="font-family: Times New Roman; font-size: 10pt">If an
      emerging growth company, indicate by check mark if the registrant has
      elected not to use the extended transition period for complying with any
      new or revised financial accounting standards provided pursuant to
      Section 13(a) of the Exchange Act.</font> <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
    </p>
    <p>

    </p>
    <div style="text-indent: 0pt; width: 100%; margin-right: 0pt; margin-bottom: 10pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
<div style="text-align:left">
    <table cellspacing="0" style="font-size: 10pt; width: 100%; font-family: Times New Roman; margin-bottom: 10.0px">
      <tr>
        <td style="padding-left: 0.0px; width: 15%; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Item 2.02</b>
          </p>
        </td>
        <td style="padding-left: 0.0px; width: 85%; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Results of Operations and Financial Condition</b>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-indent: 60.0px">
      On February 21, 2019, The Trade Desk, Inc. (the &#8220;Registrant&#8221;) issued a
      press release announcing its financial results for the quarter and year
      ended December 31, 2018. A copy of the press release is being furnished
      as Exhibit&#160;99.1 to this Current Report on Form&#160;8-K.
    </p>
    <p style="text-indent: 60.0px">
      The information in this Current Report on Form&#160;8-K and Exhibit&#160;99.1
      attached hereto is intended to be furnished and shall not be deemed
      &#8220;filed&#8221; for purposes of Section&#160;18 of the Securities Exchange Act of
      1934, as amended (the &#8220;Exchange Act&#8221;), or otherwise subject to the
      liabilities of that section, nor shall it be deemed incorporated by
      reference in any filing under the Securities Act of 1933, as amended, or
      the Exchange Act, except as expressly set forth by specific reference in
      such filing.
    </p>
    <p style="text-indent: 60.0px">

    </p>
<div style="text-align:left">
    <table cellspacing="0" style="font-size: 10pt; width: 100%; font-family: Times New Roman; margin-bottom: 10.0px">
      <tr>
        <td style="padding-left: 0.0px; width: 15%; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Item 9.01</b>
          </p>
        </td>
        <td style="padding-left: 0.0px; width: 85%; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Financial Statements and Exhibits</b>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>
      (d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;The following exhibit is being filed herewith:
    </p>
    <p>

    </p>
    <div style="text-align:center">
    <table cellspacing="0" style="font-size: 10pt; width: 97%; font-family: Times New Roman; margin-left:auto;margin-right:auto; margin-bottom: 10.0px">
      <tr>
        <td style="padding-left: 0.0px; border-bottom-style: solid; width: 13%; text-align: center; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          <b>Exhibit No.</b>
        </td>
        <td style="padding-left: 0.0px; width: 2%; text-align: center; padding-bottom: 2.0px" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; width: 85%; text-align: center; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          <b>Description</b>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; padding-right: 0.0px; width: 13%; white-space: nowrap; text-align: center" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <a href="a51943983_ex991.htm">99.1</a>
          </p>
        </td>
        <td style="padding-left: 0.0px; width: 2%; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; width: 85%; text-align: left" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <a href="a51943983_ex991.htm">Press release of the Registrant
            dated February 21, 2019</a>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <div style="text-indent: 0pt; width: 100%; margin-right: 0pt; margin-bottom: 10pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 10pt"><b>SIGNATURES</b></font>
    </p>
    <p style="text-align: center">

    </p>
    <p style="text-indent: 30.0px; font-size: 10pt">
      <font style="font-family: Times New Roman; font-size: 10pt">Pursuant to
      the requirements of the Securities Exchange Act of 1934, the Registrant
      has duly caused this report to be signed on its behalf by the
      undersigned hereunto duly authorized.</font>
    </p>
    <p>

    </p>
<div style="text-align:left">
    <table cellspacing="0" style="font-size: 10pt; width: 100%; font-family: Times New Roman; margin-bottom: 10.0px">
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top" colspan="2">
          <p style="margin-top: 0px; margin-bottom: 0px">
            THE&#160;TRADE&#160;DESK, INC.
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top" colspan="2">
          (Registrant)
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top" colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; width: 5%; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Date:
          </p>
        </td>
        <td style="padding-left: 0.0px; width: 45%; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            February 21, 2019
          </p>
        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; width: 5%; text-align: left; padding-bottom: 2.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-left: 0.0px; width: 45%; text-align: left; padding-bottom: 2.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-left: 0.0px; width: 5%; text-align: left; padding-bottom: 2.0px" valign="top">
          By:
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; width: 45%; text-align: left; border-bottom-color: black; border-bottom-width: 1.0pt" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            /s/ Paul E. Ross
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="width: 5%">

        </td>
        <td style="padding-left: 0.0px; width: 45%; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Paul E. Ross
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="width: 5%">

        </td>
        <td style="padding-left: 0.0px; width: 45%; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Chief Financial Officer
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="width: 5%">

        </td>
        <td style="padding-left: 0.0px; width: 45%; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Principal Financial and Accounting Officer)
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
  </body>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a51943983_ex991.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<html>
  <head>
    <title></title>
<!--Copyright 2019 Business Wire, a Berkshire Hathaway company.-->
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  <body style="font-family: Times New Roman; font-size: 8pt">
    <p style="text-align: right">
      <b>Exhibit 99.1</b>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 12pt"><b>The Trade
      Desk Reports Fourth Quarter and Fiscal Year 2018 Financial Results</b></font>
    </p>
    <p>
      LOS ANGELES--(BUSINESS WIRE)--February 21, 2019--Global advertising
      technology leader The Trade Desk (Nasdaq: TTD) today announced financial
      results for its fourth quarter and fiscal year ended December 31, 2018.
    </p>
    <p>
      &#8220;2018 was a huge year for The Trade Desk. Revenue growth accelerated to
      55% in 2018 from 52% in 2017. In 2018, we surpassed $2.35 billion in
      gross spend on our platform resulting in $477 million in revenue. Our
      fourth quarter revenue growth also accelerated, growing 56% to a record
      $160.5 million,&#8221; said Founder and CEO Jeff Green. &#8220;2018 was a
      foundational year. We launched the biggest product, called the Next
      Wave, in our history; Connected TV became a must-have on the media plan;
      we partnered with some of the largest internet companies in China; data
      usage on our platform accelerated; and our Unified ID initiative gained
      steam across the industry. Our vision is to change the way advertising
      is bought by enabling programmatic, data-driven decisions and 2018
      marked another year of great strides toward that goal.&#8221;
    </p>
    <p>
      <u><b>Fourth Quarter and Full Year 2018 Financial Highlights:</b></u>
    </p>
    <p>
      The following table summarizes our consolidated financial results for
      the quarters and fiscal years ended December 31, 2018 and 2017 ($ in
      millions, except per share amounts):
    </p>
<div style="text-align:left">
    <table cellspacing="0" style="font-size: 8pt; width: 100%; font-family: Times New Roman; margin-bottom: 10.0px">
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom" colspan="6">
          <b>Three Months Ended</b>
        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom" colspan="6">
          <b>Year Ended</b>
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="top">

        </td>
        <td style="padding-left: 0.0px; text-align: center; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom" colspan="6">
          <b>December 31,</b>
        </td>
        <td style="padding-left: 0.0px; text-align: center; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: center; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom" colspan="6">
          <b>December 31,</b>
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="top">

        </td>
        <td style="padding-left: 0.0px; text-align: center; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: center; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          <b>2018</b>
        </td>
        <td style="padding-left: 0.0px; text-align: center; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: center; padding-bottom: 2.0px" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: center; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          <b>2017</b>
        </td>
        <td style="padding-left: 0.0px; text-align: center; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: center; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: center; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          <b>2018</b>
        </td>
        <td style="padding-left: 0.0px; text-align: center; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: center; padding-bottom: 2.0px" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: center; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          <b>2017</b>
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <b>GAAP Results</b>
        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Revenue
        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          160.5
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          102.6
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          477.3
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          308.2
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Increase in revenue year over year
        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          56
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: left" valign="bottom">
          %
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          42
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: left" valign="bottom">
          %
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          55
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: left" valign="bottom">
          %
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          52
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: left" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Net Income
        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          39.4
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          16.8
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          88.1
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          50.8
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Diluted EPS
        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          0.84
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          0.38
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          1.92
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          1.15
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <b>Non-GAAP Results</b>
        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Adjusted EBITDA
        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          67.1
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          39.5
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          159.4
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          95.4
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Adjusted EBITDA Margin
        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          42
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: left" valign="bottom">
          %
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          38
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: left" valign="bottom">
          %
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          33
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: left" valign="bottom">
          %
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          31
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: left" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Non-GAAP Net Income
        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          51.1
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          24.2
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          123.8
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          70.4
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Non-GAAP Diluted EPS
        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          1.09
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          0.54
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          2.70
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          1.60
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="text-indent: 0pt; width: 100%; margin-right: 0pt; margin-bottom: 10pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <u><b>Fourth Quarter and 2018 Business Highlights Include:</b></u>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        <b>Continued Share Gain:</b> 2018 gross spend on the platform was over
        $2.35 billion, a 51% increase from a year ago. According to Magna
        Global, total real-time-bidding programmatic was estimated to increase
        22% in 2018.
      </li>
      <li style="margin-bottom: 10.0px">
        <b>Continued Omni-channel Growth:</b> Omni-channel solutions remain a
        strategic focus for The Trade Desk as the industry continues shifting
        toward transparency and programmatic buying. Specific channel spend
        highlights include:

        <ul>
          <li style="margin-bottom: 10.0px">
            Mobile (in-app, video and web) grew 69% from Q4 2017 to Q4 2018.
          </li>
          <li style="margin-bottom: 10.0px">
            Connected TV grew over 525% from Q4 2017 to Q4 2018.
          </li>
          <li style="margin-bottom: 10.0px">
            Connected TV grew over 9X from 2017 to 2018.
          </li>
          <li style="margin-bottom: 10.0px">
            Audio grew over 230% from 2017 to 2018.
          </li>
          <li style="margin-bottom: 10.0px">
            Mobile video grew over 130% from 2017 to 2018.
          </li>
          <li style="margin-bottom: 10.0px">
            Mobile in-app grew over 90% from 2017 to 2018.
          </li>
        </ul>
      </li>
    </ul>
    <ul>
      <li style="margin-bottom: 10.0px">
        <b>Strong Customer Retention:</b> Customer retention remained over 95%
        during the quarter, as it has for the previous 20 quarters.
      </li>
      <li style="margin-bottom: 10.0px">
        <b>New Products and Features: </b>On June 26, 2018,<b> </b>The Trade
        Desk launched a range of new products that helps advertisers use
        data-driven insights to plan, forecast, and buy digital media more
        effectively than ever before. Collectively referred to as the Next
        Wave, this release included three transformative products:

        <ul>
          <li style="margin-bottom: 10.0px">
            <b>Koa&#8482;</b>&#160;is powerful AI that improves advertisers&#8217;
            decisioning and accelerates campaign performance. Koa&#8217;s robust and
            transparent forecasting engine is built on The Trade Desk&#8217;s
            valuable data set &#8211; including about nine million queries every
            second &#8211; to help buyers extend audience reach and spend more
            efficiently.
          </li>
          <li style="margin-bottom: 10.0px">
            <b>The Trade Desk Planner</b>&#160;is a data-driven media planning tool
            that delivers audience insights and informs ad strategies across
            channels and devices.
          </li>
          <li style="margin-bottom: 10.0px">
            <b>Megagon&#8482;</b>&#160;is an intuitive new user interface that
            proactively surfaces tailored insights and offers Koa
            recommendations to help advertisers make real-time optimization
            decisions. Megagon<b>&#8482;</b> helps buyers save time and
            advertising budget without sacrificing transparency and control.
          </li>
        </ul>
        <p>
          Additionally, throughout 2018, The Trade Desk released many other
          new product features and enhancements to its platform including:
        </p>
        <ul>
          <li style="margin-bottom: 10.0px">
            A new suite of offline measurement tools to measure the
            effectiveness of digital campaigns. Partners include: Factual,
            AdSquare, Oracle, and Placed.
          </li>
          <li style="margin-bottom: 10.0px">
            Better access to Nielsen On-Target-Percentage (OTP) data in the
            Campaign and Ad Group Dashboards in the UI.
          </li>
          <li style="margin-bottom: 10.0px">
            Updates to Audience Predictor which enhance lookalike modeling
            tools to find and target undiscovered audiences based upon
            first-party data. Recent improvements include improved sampling
            rates, faster audience creations, inclusion of CPM segments,
            percent-of-media segments, and the ability to exclude audiences.
          </li>
        </ul>
      </li>
      <li style="margin-bottom: 10.0px">
        <b>Global Footprint Expansion: </b>In 2018,<b> </b>The Trade Desk
        broadened its coverage with the opening of its Toronto office.
      </li>
      <li style="margin-bottom: 10.0px">
        <b>Best Places to Work:</b> The Trade Desk was ranked #2 among the 100
        Best Medium Workplaces 2018 by Fortune and was ranked as one of the
        best software companies to work for in 2018 according to Glassdoor.
      </li>
    </ul>
    <div style="text-indent: 0pt; width: 100%; margin-right: 0pt; margin-bottom: 10pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <u><b>Full Year 2019 and First Quarter Outlook:</b></u>
    </p>
    <p>
      Mr. Green added, &#8220;We exited 2018 strong and are seeing that momentum
      continue into 2019. Marketers continue to adopt channels such as Mobile,
      Connected TV, and Audio as they move advertising spend to our platform.
      In 2019, we expect gross spend on our platform to be at least $3.2
      billion and revenue to be at least $637 million. In the coming year, we
      will continue to make aggressive investments in high growth areas such
      as Connected TV, data, and global expansion, including in China. Our
      focus is on grabbing programmatic market share and deepening our
      engagement and strategic importance with our customers. We expect our
      adjusted EBITDA to be $182 million, or about 29% of revenue. We believe
      investing in our core growth opportunities will maximize profitability
      over the long-term.&#8221;
    </p>
    <p>
      The Trade Desk is providing its financial targets for the fiscal year
      2019 and first quarter of 2019. The Company&#8217;s financial targets are as
      follows:
    </p>
    <p>
      Full Year 2019:
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        Total Gross Spend of at least $3.2 billion
      </li>
      <li style="margin-bottom: 10.0px">
        Revenue of at least $637 million
      </li>
      <li style="margin-bottom: 10.0px">
        Adjusted EBITDA of $182 million or about 29% of revenue
      </li>
    </ul>
    <p>
      First Quarter 2019
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        Revenue of $116 million
      </li>
      <li style="margin-bottom: 10.0px">
        Adjusted EBITDA of $18.3 million
      </li>
    </ul>
    <p>
      We have not provided outlook for GAAP Net income or reconciliation of
      adjusted EBITDA guidance to net income, the closest corresponding U.S.
      GAAP measure, because net income outlook is not available without
      unreasonable efforts on a forward-looking basis due to the variability
      and complexity with respect to the charges excluded from these non-GAAP
      measures; in particular, the measures and effects of our stock-based
      compensation expense that are directly impacted by unpredictable
      fluctuations in our share price. We expect the variability of the above
      charges could have a significant and potentially unpredictable, impact
      on our future U.S. GAAP financial results.
    </p>
    <p>
      <b>Use of Non-GAAP Financial Information</b>
    </p>
    <p>
      Included within this press release are the non-GAAP financial measures
      of Adjusted EBITDA, Non-GAAP net income and Non-GAAP diluted EPS that
      supplement the Consolidated Statements of Operations of The Trade Desk,
      Inc. (the Company) prepared under generally accepted accounting
      principles (GAAP). Adjusted EBITDA is earnings before depreciation and
      amortization, stock-based compensation, interest expense, interest
      income, secondary offering costs and provision for income taxes.
      Non-GAAP net income excludes charges and the related income tax effects
      for stock-based compensation and secondary offering costs. Tax rates on
      the tax-deductible portions of the stock-based compensation expense
      approximating 30% and 40% have been used in the computation of non-GAAP
      net income and non-GAAP diluted EPS for the 2018 and 2017 periods,
      respectively. Reconciliations of GAAP to non-GAAP amounts for the
      periods presented herein are provided in schedules accompanying this
      release and should be considered together with the Consolidated
      Statements of Operations. These non-GAAP measures are not meant as a
      substitute for GAAP, but are included solely for informational and
      comparative purposes. The Company's management believes that this
      information can assist investors in evaluating the Company's operational
      trends, financial performance, and cash generating capacity. Management
      believes these non-GAAP measures allow investors to evaluate the
      Company&#8217;s financial performance using some of the same measures as
      management. However, the non-GAAP financial measures should not be
      regarded as a replacement for or superior to corresponding, similarly
      captioned, GAAP measures and may be different from non-GAAP financial
      measures used by other companies.
    </p>
    <div style="text-indent: 0pt; width: 100%; margin-right: 0pt; margin-bottom: 10pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <b>Fourth Quarter and Fiscal Year 2018 Results Webcast and Conference
      Call Details</b>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        <b>When:</b> February 21, 2019 at 2:00 P.M. Pacific Time (5:00 P.M.
        Eastern Time).
      </li>
      <li style="margin-bottom: 10.0px">
        <b>Webcast:</b> A live webcast of the call can be accessed from the
        Investor Relations section of The Trade Desk&#8217;s website at <u>http://investors.thetradedesk.com/</u>.
        Following the call, a replay will be available on the company&#8217;s
        website.
      </li>
      <li style="margin-bottom: 10.0px">
        <b>Dial-in:</b> To access the call via telephone in North America,
        please dial 877-407-0782. For callers outside the United States,
        please dial 1-201-689-8567. Participants should reference the
        conference call ID &#8220;The Trade Desk Call&#8221; after dialing in.
      </li>
      <li style="margin-bottom: 10.0px">
        <b>Audio replay:</b> An audio replay of the call will be available
        beginning about two hours after the call. To listen to the replay in
        the United States, please dial 877-481-4010 (replay code: 43124).
        Outside the United States, please dial 1-919-882-2331 (replay code:
        43124). The audio replay will be available via telephone until
        February 28, 2019.
      </li>
    </ul>
    <p>
      The Trade Desk, Inc. uses its Investor Relations website (<u>http://investors.thetradedesk.com/investor-overview</u>),
      its Twitter feed (@TheTradeDesk), LinkedIn page (<u>https://www.linkedin.com/company/the-trade-desk/</u>),
      and Facebook page (<u>https://www.facebook.com/TheTradeDesk/</u>), and
      Jeff Green&#8217;s Twitter feed (@jefftgreen) and LinkedIn profile (<u>https://www.linkedin.com/in/jefftgreen/</u>)
      as a means of disclosing information about the company and for complying
      with its disclosure obligations under Regulation FD. The information
      that is posted through these channels may be deemed material.
      Accordingly, investors should monitor these channels in addition to The
      Trade Desk&#8217;s press releases, SEC filings, public conference calls and
      webcasts.
    </p>
    <p>
      <b>About The Trade Desk</b>
    </p>
    <p>
      The Trade Desk<sup>&#8482;</sup>&#160;is a technology company that empowers
      buyers of advertising. Through its self-service, cloud-based platform,
      ad buyers can create, manage, and optimize digital advertising campaigns
      across ad formats and devices. Integrations with major data, inventory,
      and publisher partners ensure maximum reach and decisioning
      capabilities, and enterprise APIs enable custom development on top of
      the platform. Headquartered in Ventura, CA, The Trade Desk has offices
      across North America, Europe, and Asia Pacific. To learn more,
      visit&#160;thetradedesk.com&#160;or follow us on&#160;Facebook,&#160;Twitter,&#160;LinkedIn and
      YouTube.
    </p>
    <div style="text-indent: 0pt; width: 100%; margin-right: 0pt; margin-bottom: 10pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <b>Forward-Looking Statements</b>
    </p>
    <p>
      This document contains &#8220;forward-looking statements&#8221; within the meaning
      of the Private Securities Litigation Reform Act of 1995. These
      statements relate to expectations concerning matters that (a)&#160;are not
      historical facts, (b)&#160;predict or forecast future events or results, or
      (c)&#160;embody assumptions that may prove to have been inaccurate, including
      statements relating to the industry and market trends, and the Company&#8217;s
      financial targets such as revenue and Adjusted EBITDA. When words such
      as &#8220;believe,&#8221; &#8220;expect,&#8221; &#8220;anticipate,&#8221; &#8220;will&#8221;, &#8220;outlook&#8221; or similar
      expressions are used, the Company is making forward-looking
      statements.&#160;Although the Company believes that the expectations
      reflected in such forward-looking statements are reasonable, it cannot
      give readers any assurance that such expectations will prove
      correct.&#160;These forward-looking statements involve risks, uncertainties
      and assumptions, including those related to the Company&#8217;s limited
      operating history, which makes it difficult to evaluate the Company&#8217;s
      business and prospects, the market for programmatic advertising
      developing slower or differently than the Company&#8217;s expectations, the
      demands and expectations of clients and the ability to attract and
      retain clients. The actual results may differ materially from those
      anticipated in the forward-looking statements as a result of numerous
      factors, many of which are beyond the control of the Company. These are
      disclosed in the Company&#8217;s reports filed from time to time with the
      Securities and Exchange Commission, including its most recent Form 10-K
      and any subsequent filings on Forms 10-Q or 8-K, available at <u>www.sec.gov</u>.
      Readers are urged not to place undue reliance on these forward-looking
      statements, which speak only as of the date of this press release. The
      Company does not intend to update any forward-looking statement
      contained in this press release to reflect events or circumstances
      arising after the date hereof.
    </p>
    <div style="text-indent: 0pt; width: 100%; margin-right: 0pt; margin-bottom: 10pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="font-size: 8pt; width: 100%; font-family: Times New Roman; margin-bottom: 10.0px">
      <tr>
        <td colspan="16">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom" colspan="16">
          <b>THE TRADE DESK, INC.</b>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom" colspan="16">
          <b>CONSOLIDATED STATEMENTS OF OPERATIONS</b>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom" colspan="16">
          <b>(Amounts in thousands, except per share amounts)</b>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom" colspan="16">
          <b>(Unaudited)</b>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom" colspan="6">
          <b>Three Months Ended</b>
        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom" colspan="6">
          <b>Year Ended</b>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom" colspan="6">
          <b>December 31,</b>
        </td>
        <td style="padding-left: 0.0px; text-align: center; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: center; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom" colspan="6">
          <b>December 31,</b>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: center; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          <b>2018</b>
        </td>
        <td style="padding-left: 0.0px; text-align: center; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: center; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: center; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          <b>2017</b>
        </td>
        <td style="padding-left: 0.0px; text-align: center; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: center; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: center; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          <b>2018</b>
        </td>
        <td style="padding-left: 0.0px; text-align: center; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: center; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: center; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          <b>2017</b>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Revenue
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          160,468
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          102,648
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          477,294
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          308,217
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Operating expenses:
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          Platform operations
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          35,256
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          21,133
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          114,098
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          66,230
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          Sales and marketing
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          27,064
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          18,537
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          87,071
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          61,379
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          Technology and development
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          24,086
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          17,029
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          83,892
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          52,806
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left; padding-bottom: 2.0px" valign="top">
          General and administrative
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          25,094
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          16,631
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          84,910
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          58,446
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="top">
          Total operating expenses
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          111,500
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          73,330
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          369,971
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          238,861
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Income from operations
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          48,968
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          29,318
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          107,323
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          69,356
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="top">
          Total other expense (income), net
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          (336
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: left; padding-bottom: 2.0px" valign="bottom">
          )
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          1,282
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          1,586
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          5,731
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Income before income taxes
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          49,304
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          28,036
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          105,737
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          63,625
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="top">
          Provision for income taxes
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          9,869
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          11,225
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          17,597
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          12,827
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="top">
          Net income
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          39,435
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          16,811
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          88,140
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          50,798
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Earnings per share:
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left; padding-bottom: 4.0px" valign="top">
          Basic
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          0.91
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          0.41
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          2.08
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          1.26
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left; padding-bottom: 4.0px" valign="top">
          Diluted
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          0.84
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          0.38
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          1.92
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          1.15
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Weighted average shares outstanding:
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left; padding-bottom: 4.0px" valign="top">
          Basic
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; text-align: left; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          43,223
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; text-align: left; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          41,108
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; text-align: left; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          42,442
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; text-align: left; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          40,262
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left; padding-bottom: 4.0px" valign="top">
          Diluted
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; text-align: left; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          46,777
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; text-align: left; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          44,464
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; text-align: left; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          45,793
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; text-align: left; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          44,056
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="top" colspan="16">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>STOCK-BASED COMPENSATION EXPENSE</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="top" colspan="16">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>(Amounts in thousands)</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="top" colspan="16">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>(Unaudited)</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="top" colspan="5">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Three Months Ended</b>
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="top" colspan="5">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Year Ended</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-color: black; border-bottom-width: 1.0pt" valign="top" colspan="5">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>December 31,</b>
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-color: black; border-bottom-width: 1.0pt" valign="top" colspan="5">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>December 31,</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: center; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>2018</b>
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: center; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>2017</b>
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: center; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>2018</b>
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: center; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>2017</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Platform operations
          </p>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: left" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            $
          </p>
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            1,326
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: left" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            $
          </p>
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            1,131
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: left" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            $
          </p>
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            4,463
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: left" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            $
          </p>
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            2,674
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Sales and marketing
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            3,549
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            2,984
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            11,306
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            6,261
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Technology and development
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            4,950
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            2,680
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            13,855
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            6,661
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            General and administrative
          </p>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            4,427
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            2,116
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            12,586
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            5,721
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Total
          </p>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: left; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            $
          </p>
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            14,252
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: left; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            $
          </p>
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            8,911
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: left; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            $
          </p>
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            42,210
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: left; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            $
          </p>
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            21,317
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="text-indent: 0pt; width: 100%; margin-right: 0pt; margin-bottom: 10pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="font-size: 8pt; width: 100%; font-family: Times New Roman; margin-bottom: 10.0px">
      <tr>
        <td colspan="8">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom" colspan="8">
          <b>THE TRADE DESK, INC.</b>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom" colspan="8">
          <b>CONSOLIDATED BALANCE SHEETS</b>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom" colspan="8">
          <b>(Amounts in thousands)</b>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom" colspan="8">
          <b>(Unaudited)</b>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom" colspan="2">
          <b>As of</b>
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom" colspan="2">
          <b>As of</b>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          <b>December 31,</b>

          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>2018</b>
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          <b>December 31,</b>

          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>2017</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="top">
          <b>ASSETS</b>
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Current assets:
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          Cash and cash equivalents
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          207,232
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          155,950
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          Accounts receivable, net
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          834,764
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          599,565
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left; padding-bottom: 2.0px" valign="top">
          Prepaid expenses and other current assets
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          14,527
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          10,298
        </td>
      </tr>
      <tr>
        <td style="padding-left: 25.0px; text-align: left" valign="top">
          Total current assets
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          1,056,523
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          765,813
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Property and equipment, net
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          33,046
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          17,405
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Deferred income taxes
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          8,460
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          3,359
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="top">
          Other assets, non-current
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          19,843
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          10,587
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="top">
          Total assets
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          1,117,872
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          797,164
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="top">
          <b>LIABILITIES AND STOCKHOLDERS&#8217; EQUITY</b>
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Current liabilities:
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          Accounts payable
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          669,147
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          490,377
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left; padding-bottom: 2.0px" valign="top">
          Accrued expenses and other current liabilities
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          44,844
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          28,155
        </td>
      </tr>
      <tr>
        <td style="padding-left: 25.0px; text-align: left" valign="top">
          Total current liabilities
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          713,991
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          518,532
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Debt, net
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          &#8212;
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          27,000
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="top">
          Other liabilities, non-current
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          9,314
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          6,049
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="top">
          Total liabilities
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          723,305
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          551,581
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Stockholders' equity:
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Preferred stock
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          &#8212;
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          &#8212;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Common stock
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          &#8212;
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          &#8212;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Additional paid-in capital
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          270,447
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          209,603
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="top">
          Retained earnings
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          124,120
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          35,980
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="top">
          Total stockholders' equity
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          394,567
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          245,583
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="top">
          Total liabilities and stockholders' equity
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          1,117,872
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          797,164
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="text-indent: 0pt; width: 100%; margin-right: 0pt; margin-bottom: 10pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="font-size: 8pt; width: 100%; font-family: Times New Roman; margin-bottom: 10.0px">
      <tr>
        <td colspan="8">

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom" colspan="8">
          <b>THE TRADE DESK, INC.</b>
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom" colspan="8">
          <b>CONSOLIDATED STATEMENTS OF CASH FLOWS</b>
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom" colspan="8">
          <b>(Amounts in thousands)</b>
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom" colspan="8">
          <b>(Unaudited)</b>
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom" colspan="6">
          <b>Year Ended December 31,</b>
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: center; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          <b>2018</b>
        </td>
        <td style="padding-left: 0.0px; text-align: center; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: center; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: center; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          <b>2017</b>
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          OPERATING ACTIVITIES:
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          Net income
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          88,140
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          50,798
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Adjustments to reconcile net income to net cash provided by
            operating activities:
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 25.0px; text-align: left" valign="top">
          Depreciation and amortization
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          11,822
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          7,209
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 25.0px; text-align: left" valign="top">
          Stock-based compensation
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          42,210
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          21,317
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 25.0px; text-align: left" valign="top">
          Deferred income taxes
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          (5,101
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: left" valign="bottom">
          )
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          (1,581
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: left" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 25.0px; text-align: left" valign="top">
          Bad debt expense
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          2,115
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          4,289
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 25.0px; text-align: left" valign="top">
          Other
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          2,905
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          (1,303
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: left" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          Changes in operating assets and liabilities:
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 25.0px; text-align: left" valign="top">
          Accounts receivable
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          (239,901
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: left" valign="bottom">
          )
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          (224,636
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: left" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 25.0px; text-align: left" valign="top">
          Prepaid expenses and other assets
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          (10,551
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: left" valign="bottom">
          )
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          (5,033
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: left" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 25.0px; text-align: left" valign="top">
          Accounts payable
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          177,675
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          171,793
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 25.0px; text-align: left; padding-bottom: 2.0px" valign="top">
          Accrued expenses and other liabilities
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          17,289
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          8,371
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 30.0px; text-align: left; padding-bottom: 2.0px" valign="top">
          Net cash provided by operating activities
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          86,603
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          31,224
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          INVESTING ACTIVITIES:
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          Purchases of property and equipment
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          (19,795
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: left" valign="bottom">
          )
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          (10,110
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: left" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          Capitalized software development costs
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          (5,396
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: left" valign="bottom">
          )
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          (2,954
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: left" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left; padding-bottom: 2.0px" valign="top">
          Business acquisition
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="top">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          &#8212;
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="top">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          (3,000
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: left; padding-bottom: 2.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 30.0px; text-align: left; padding-bottom: 2.0px" valign="top">
          Net cash used in investing activities
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          (25,191
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: left; padding-bottom: 2.0px" valign="bottom">
          )
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          (16,064
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: left; padding-bottom: 2.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          FINANCING ACTIVITIES:
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          Repayment on line of credit
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          (27,000
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: left" valign="bottom">
          )
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          &#8212;
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          Payment of debt financing costs
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          (279
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: left" valign="bottom">
          )
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          (154
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: left" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          Payment of financing obligations
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          &#8212;
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          (1,001
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: left" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          Proceeds from exercise of stock options
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          10,021
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          2,565
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          Proceeds from employee stock purchase plan
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          13,805
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          6,997
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left; padding-bottom: 2.0px" valign="top">
          Taxes paid related to net settlement of restricted

          <p style="margin-top: 0px; margin-bottom: 0px">
            stock awards
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          (6,677
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: left; padding-bottom: 2.0px" valign="bottom">
          )
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          (1,017
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: left; padding-bottom: 2.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 30.0px; text-align: left; padding-bottom: 2.0px" valign="top">
          Net cash provided by (used in) financing activities
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          (10,130
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: left; padding-bottom: 2.0px" valign="bottom">
          )
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          7,390
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Increase in cash and cash equivalents
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          51,282
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          22,550
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">
          Cash and cash equivalents&#8212;Beginning of period
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          155,950
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          133,400
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">
          Cash and cash equivalents&#8212;End of period
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          207,232
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          155,950
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="text-indent: 0pt; width: 100%; margin-right: 0pt; margin-bottom: 10pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <b>Non-GAAP Financial Metrics</b>
    </p>
    <p>
      (Amounts in thousands, except per share amounts)
    </p>
    <p>
      The following tables show the Company&#8217;s GAAP financial metrics
      reconciled to non-GAAP financial metrics included in this release.
    </p>
<div style="text-align:left">
    <table cellspacing="0" style="font-size: 8pt; width: 100%; font-family: Times New Roman; margin-bottom: 10.0px">
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom" colspan="6">
          <b>Three Months Ended</b>
        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom" colspan="6">
          <b>Year Ended</b>
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom" colspan="6">
          <b>December 31,</b>
        </td>
        <td style="padding-left: 0.0px; text-align: center; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: center; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom" colspan="6">
          <b>December 31,</b>
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: center; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          <b>2018</b>
        </td>
        <td style="padding-left: 0.0px; text-align: center; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: center; padding-bottom: 2.0px" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: center; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          <b>2017</b>
        </td>
        <td style="padding-left: 0.0px; text-align: center; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: center; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: center; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          <b>2018</b>
        </td>
        <td style="padding-left: 0.0px; text-align: center; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: center; padding-bottom: 2.0px" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: center; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          <b>2017</b>
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom" colspan="14">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Net income
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          39,435
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          16,811
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          88,140
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          50,798
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Add back:
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          Depreciation and amortization expense
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          3,715
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          2,052
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          11,822
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          7,209
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          Stock-based compensation expense
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          14,252
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          8,911
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          42,210
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          21,317
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          Interest expense
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          601
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          501
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          1,550
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          1,791
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          Interest income
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          (821
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: left" valign="bottom">
          )
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          (47
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: left" valign="bottom">
          )
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          (1,883
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: left" valign="bottom">
          )
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          (93
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: left" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          Secondary offering costs
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          &#8212;
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          &#8212;
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          &#8212;
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          1,523
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left; padding-bottom: 2.0px" valign="top">
          Provision for income taxes
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          9,869
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          11,225
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          17,597
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          12,827
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="top">
          Adjusted EBITDA
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          67,051
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          39,453
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          159,436
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          95,372
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="font-size: 8pt; width: 100%; font-family: Times New Roman; margin-bottom: 10.0px">
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom" colspan="6">
          <b>Three Months Ended</b>
        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom" colspan="6">
          <b>Year Ended</b>
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: center; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom" colspan="6">
          <b>December 31,</b>
        </td>
        <td style="padding-left: 0.0px; text-align: center; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: center; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom" colspan="6">
          <b>December 31,</b>
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: center; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: center; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          <b>2018</b>
        </td>
        <td style="padding-left: 0.0px; text-align: center; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: center; padding-bottom: 2.0px" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: center; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          <b>2017</b>
        </td>
        <td style="padding-left: 0.0px; text-align: center; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: center; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: center; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          <b>2018</b>
        </td>
        <td style="padding-left: 0.0px; text-align: center; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: center; padding-bottom: 2.0px" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: center; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          <b>2017</b>
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          GAAP net income
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          39,435
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          16,811
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          88,140
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          50,798
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Add back (deduct):
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          Stock-based compensation expense
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          14,252
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          8,911
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          42,210
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          21,317
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          Secondary offering costs
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          &#8212;
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          &#8212;
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          &#8212;
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          1,523
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left; padding-bottom: 2.0px" valign="top">
          Adjustment for income taxes
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          (2,585
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: left; padding-bottom: 2.0px" valign="bottom">
          )
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          (1,502
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: left; padding-bottom: 2.0px" valign="bottom">
          )
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          (6,503
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: left; padding-bottom: 2.0px" valign="bottom">
          )
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          (3,274
        </td>
        <td style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: left; padding-bottom: 2.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="top">
          Non-GAAP net income
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          51,102
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          24,220
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          123,847
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          70,364
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="top">
          GAAP diluted EPS
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          0.84
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          0.38
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          1.92
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          1.15
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="top">
          Non-GAAP diluted EPS
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          1.09
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          0.54
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          2.70
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          1.60
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">
          Weighted average shares outstanding&#8212;diluted
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; text-align: left; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          46,777
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; text-align: left; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          44,464
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; text-align: left; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          45,793
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; text-align: left; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          44,056
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <p>
      CONTACT:<br>Investors<br>Chris Toth<br>Vice President Investor
      Relations, The Trade Desk<br><u>ir@thetradedesk.com</u><br>310-334-9183
    </p>
    <p>
      Media<br>Austin Rotter<br>Associate VP, 5WPR<br><u>arotter@5wpr.com</u><br>646-862-6866
    </p>
  </body>
</html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
