$TTD (-2,1%) | 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."