$TTD (-4.67%)

🔹 EPS: $0.59 (Est. $0.56) 🟢

🔹 Revenue: $741M (Est. $758.93M) 🔴; UP +22% YoY

🔹 Adjusted EBITDA: $350M (Est. $365.46M) 🔴; Margin 47% (Flat YoY)

Q1'25 Guidance:

🔹 Revenue: At least $575M (Est. $591.74M) 🔴

🔹 Adjusted EBITDA: Approximately $145M

Segment Highlights:

🔸 Customer Retention: Over 95% for the 11th consecutive year

🔸 Unified ID 2.0 (UID2): Partnerships with iHeartMedia and leading SSPs (FreeWheel, Index Exchange, etc.) enhance addressability and privacy

Strategic & Shareholder Updates:

🔸 Share Repurchase Authorization: Increased to $1B for Class A common stock

🔸 “Ventura” Streaming TV OS: Aims to address inefficiencies in streaming TV supply chains and user experience

🔸 Acquisition of Sincera: Enhances advertising data insights; expected to close in Q1 2025

🔹 Gross Spend on Platform: $12B; Record high

Management Commentary:

🔸 Jeff Green, CEO:

"In 2024, The Trade Desk delivered accelerated growth, achieving $2.4B in revenue and $12B in platform spend. While proud of our accomplishments, we fell short of expectations in Q4. In 2025 and beyond, we are uniquely positioned to lead the shift toward premium, scalable data-driven advertising."

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On Holding $ONON

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Royal Caribbean $RCL (-3.06%)

Rocket Lab $RKLB (-6.21%)

Shake Shack $SHAK (-10.95%)

Square $SQ (-12.06%)

Trade Desk $TTD (-4.67%)

Visa $V (-0.16%)

Walmart $WMT (-2.31%)

$TTD (-4.67%) | The Trade Desk Q3 '24 Earnings Highlights:

🔹 Revenue: $628M (Est. $620M) 🟢; UP +27% YoY

🔹 Adjusted EPS: $0.41 (Est. $0.39) 🟢

🔹 Adjusted EBITDA: $257M (Est. $223M) 🟢; Adjusted EBITDA margin 41%

Q4 '24 Guidance:

🔹 Revenue: At least $756M (Est. $752M) 🟢

🔹 Adjusted EBITDA: Approximately $363M (Est. $363M) 🟡

Key Metrics:

🔸 Net income: $94M; UP from $39M YoY

🔸 GAAP diluted EPS: $0.19, UP from $0.08 YoY

🔸 Non-GAAP net income: $207M, UP from $167M YoY

🔸 Customer retention: Over 95% for the tenth consecutive year

Business Highlights:

🔸 Strong support for Unified ID 2.0 (UID2) with partnerships expanding in digital identity, including:

🔸 Spotify: Piloting integrations with OpenPath and UID2 via Spotify Ad Exchange

🔸 Roku: Adoption of UID2 for targeted data collaboration

🔸 Reach: UK news publisher adopting EUID for enhanced ad experiences

🔸 Motorsport Network and Cint: Integration of UID2 to prioritize privacy and enhance ad relevance

Industry Recognition:

🔸 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:

🔹 Repurchased $54M in Class A common stock during Q3, with $521M remaining authorized for repurchases

CEO Jeff Green's Commentary:

🔸 "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."