Trade Desk ( (TTD) ) has released its Q3 earnings. Here is a breakdown of the information Trade Desk presented to its investors.
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The Trade Desk, Inc. is a technology company specializing in providing a global platform for advertising buyers, enabling them to optimize digital ad campaigns across various formats and devices.
In the third quarter of 2024, The Trade Desk reported a revenue of $628 million, marking a significant growth of 27% year-over-year. The company continues to see strong performance, driven by high customer retention rates and strategic partnerships with major media companies.
Key financial highlights include a net income of $94 million, reflecting a net income margin of 15%, and a non-GAAP net income of $207 million. Adjusted EBITDA reached $257 million, demonstrating a margin of 41%. The company also announced continued support and collaboration for Unified ID 2.0, enhancing user privacy while maintaining advertising relevance. The Trade Desk’s partnerships with major players like Spotify and Roku highlight its influence in the digital advertising ecosystem.
Looking forward, The Trade Desk projects a promising outlook for the fourth quarter of 2024, with expected revenue of at least $756 million and an adjusted EBITDA of approximately $363 million. The company’s strategic focus on innovation and partnerships positions it well for continued growth in the advertising sector.
