The earnings call reflects a strong performance with significant revenue growth and strategic advancements in CTV and international markets. While there are challenges in consumer confidence and political advertising, the company's strong partnerships and financial position suggest a positive outlook.

Company Guidance

During the Trade Desk's Q3 2024 earnings call, the company provided optimistic guidance, highlighting a 27% year-over-year revenue growth, primarily driven by strong performance in connected TV (CTV), which is both the company's largest and fastest-growing channel. The Trade Desk's strategic initiatives, including partnerships and technological advancements in its Kokai platform, have positioned it well for continued growth into 2025, with projections for Q4 2024 revenue to reach at least $756 million, representing a 25% year-over-year increase. The company also emphasized its robust financial health, with Q3 adjusted EBITDA at $257 million, or 41% of revenue, and free cash flow of $222 million. Key growth areas identified include retail media, international markets, and innovations in measurement and supply chain optimization, such as OpenPath, reflecting the company's commitment to gaining market share and outperforming industry peers.

Strong Revenue Growth

The Trade Desk posted a 27% revenue growth in Q3 2024 compared to the previous year, marking strong acceleration both sequentially and year-over-year.

CTV as a Growth Driver

CTV continues to be the fastest-growing channel, with significant partnerships with Disney, NBCU, Walmart, Roku, and others. It is both the largest and fastest-growing channel for the company.

Strong Financial Performance

The company achieved $628 million in revenue and $257 million in adjusted EBITDA, representing 41% of revenue, along with free cash flow of $222 million.

International Growth

International ad spend grew at a faster rate than North America for seven quarters in a row, with significant growth in EMEA and Asia Pacific regions.

Strategic Partnerships

Partnerships with major players like Netflix, Disney, Roku, and Spotify are in the early stages, and significant growth is expected as these partnerships develop.

Retail Media Expansion

Retail media has rapidly become one of the fastest-growing areas of the business, expected to accelerate through 2025.

---

Trade Desk (TTD) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TTD Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 09, 2018	2018 (Q2)	- / 0.06	0.052	15.38% (<+0.01)	―	―
Nov 08, 2018	2018 (Q3)	- / 0.07	0.035	85.71% (+0.03)	―	―
Feb 21, 2019	2018 (Q4)	- / 0.11	0.054	101.85% (+0.06)	―	―
May 09, 2019	2019 (Q1)	- / 0.05	0.034	44.12% (+0.01)	―	―
Aug 08, 2019	2019 (Q2)	- / 0.10	0.06	58.33% (+0.04)	―	―
Nov 07, 2019	2019 (Q3)	- / 0.07	0.065	15.38% (<+0.01)	―	―
Feb 27, 2020	2019 (Q4)	- / 0.15	0.109	36.70% (+0.04)	―	―
May 07, 2020	2020 (Q1)	- / 0.09	0.049	83.67% (+0.04)	―	―
Aug 06, 2020	2020 (Q2)	- / 0.09	0.095	-3.16% (>-0.01)	―	―
Nov 05, 2020	2020 (Q3)	- / 0.13	0.075	69.33% (+0.05)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

---

TTD Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 07, 2024	$132.53	$125.13	-5.58%
Aug 08, 2024	$88.27	$99.30	+12.50%
May 08, 2024	$86.02	$88.67	+3.08%
Feb 15, 2024	$75.71	$88.93	+17.46%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

---