5Dยท

$TTD (+2.17%) | The Trade Desk Q3 '24 Earnings Highlights:


๐Ÿ”น Revenue: $628M (Est. $620M) ๐ŸŸข; UP +27% YoY

๐Ÿ”น Adjusted EPS: $0.41 (Est. $0.39) ๐ŸŸข

๐Ÿ”น Adjusted EBITDA: $257M (Est. $223M) ๐ŸŸข; Adjusted EBITDA margin 41%


Q4 '24 Guidance:

๐Ÿ”น Revenue: At least $756M (Est. $752M) ๐ŸŸข

๐Ÿ”น Adjusted EBITDA: Approximately $363M (Est. $363M) ๐ŸŸก


Key Metrics:

๐Ÿ”ธ Net income: $94M; UP from $39M YoY

๐Ÿ”ธ GAAP diluted EPS: $0.19, UP from $0.08 YoY

๐Ÿ”ธ Non-GAAP net income: $207M, UP from $167M YoY

๐Ÿ”ธ Customer retention: Over 95% for the tenth consecutive year


Business Highlights:

๐Ÿ”ธ Strong support for Unified ID 2.0 (UID2) with partnerships expanding in digital identity, including:

๐Ÿ”ธ Spotify: Piloting integrations with OpenPath and UID2 via Spotify Ad Exchange

๐Ÿ”ธ Roku: Adoption of UID2 for targeted data collaboration

๐Ÿ”ธ Reach: UK news publisher adopting EUID for enhanced ad experiences

๐Ÿ”ธ Motorsport Network and Cint: Integration of UID2 to prioritize privacy and enhance ad relevance


Industry Recognition:

๐Ÿ”ธ Awards and honors include "Most Honored Company" by Institutional Investor Awards, U.S. News & World Report's "Best Company to Work For," and multiple industry accolades across leadership, innovation, and team performance


Share Repurchase Program:

๐Ÿ”น Repurchased $54M in Class A common stock during Q3, with $521M remaining authorized for repurchases


CEO Jeff Green's Commentary:

๐Ÿ”ธ "Our strong Q3 performance underscores the value of transparency and precision that The Trade Desk offers to advertisers, especially in high-growth segments like CTV and retail media. Our clients are benefiting from Kokai, our AI-enabled platform upgrade, as we continue to capture opportunities in a trillion-dollar advertising market."

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