$TTD (+2.17%) | The Trade Desk Q3 '24 Earnings Highlights:
๐น Revenue: $628M (Est. $620M) ๐ข; UP +27% YoY
๐น Adjusted EPS: $0.41 (Est. $0.39) ๐ข
๐น Adjusted EBITDA: $257M (Est. $223M) ๐ข; Adjusted EBITDA margin 41%
Q4 '24 Guidance:
๐น Revenue: At least $756M (Est. $752M) ๐ข
๐น Adjusted EBITDA: Approximately $363M (Est. $363M) ๐ก
Key Metrics:
๐ธ Net income: $94M; UP from $39M YoY
๐ธ GAAP diluted EPS: $0.19, UP from $0.08 YoY
๐ธ Non-GAAP net income: $207M, UP from $167M YoY
๐ธ Customer retention: Over 95% for the tenth consecutive year
Business Highlights:
๐ธ Strong support for Unified ID 2.0 (UID2) with partnerships expanding in digital identity, including:
๐ธ Spotify: Piloting integrations with OpenPath and UID2 via Spotify Ad Exchange
๐ธ Roku: Adoption of UID2 for targeted data collaboration
๐ธ Reach: UK news publisher adopting EUID for enhanced ad experiences
๐ธ Motorsport Network and Cint: Integration of UID2 to prioritize privacy and enhance ad relevance
Industry Recognition:
๐ธ 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:
๐น Repurchased $54M in Class A common stock during Q3, with $521M remaining authorized for repurchases
CEO Jeff Green's Commentary:
๐ธ "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."