Trade Desk Q1 rev $383M (+21% YoY); CFO Grayson leaves, Schenkein promoted; Q2 rev guide $452M+

Trade Desk, Inc.

2023-Q1 EPS reported $0.02 revenue$382,803,000

Q1 rev $383M (+21% YoY); GAAP net income $9M vs $(15M) loss; diluted EPS $0.02 vs $(0.03).
Non-GAAP: Adj EBITDA $109M (28% margin); Non-GAAP diluted EPS $0.23.
Q2 guidance: rev at least $452M, Adj EBITDA ~$160M.
CFO Blake Grayson stepping down May 31; Laura Schenkein promoted, effective June 1 (base $575k, target bonus $575k, equity $4M).
Repurchased $293M of stock in Q1; $407M remaining authorization.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Laura Schenkein

chief financial officer

TTD · Trade Desk, Inc.

Effective: 2023-06-01
Filed: May 10, 2023, 7:59 PM ET

Laura Schenkein, age 39, will succeed Mr. Grayson as the Company’s new chief financial officer effective as of June 1, 2023.

Departed

Blake Grayson

chief financial officer

TTD · Trade Desk, Inc.

Effective: 2023-05-31
Successor: Laura Schenkein
Filed: May 10, 2023, 7:59 PM ET

On May 5, 2023, Blake Grayson, the Company’s chief financial officer, informed the Company that he will be stepping down from his current position effective as of May 31, 2023.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Trade Desk, Inc. reported first quarter ended March 31, 2023 results: revenue $383 million, net income $9 million, EPS $0.02 per diluted share.

Period: first quarter ended March 31, 2023
Revenue: $383 million
Net income: $9 million
EPS: $0.02 per diluted share
Result: reported results

Exact text from the filing

ended March 31, 2023. “We delivered outstanding performance in the first quarter, once again outpacing the digital advertising market, growing revenue 21% year-over-year to $383 million. Our strong start to the year is testament to the increasing value that marketers place on objective, transparent, data-driven media buying on the open internet,” said Jeff

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Trade Desk, Inc. reported second quarter 2023 results: revenue at least $452 million. Guidance initiated.

Period: second quarter 2023
Revenue: at least $452 million
Guidance: initiated
Result: guidance update

Exact text from the filing

Second Quarter 2023 outlook summary: Revenue at least $452 million Adjusted EBITDA of approximately $160 million

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Executive change SEC 8-K Item 5.02 confidence 1.0

Laura Schenkein was appointed as chief financial officer at Trade Desk, Inc..

Action: appointed
Role: chief financial officer

Exact text from the filing

Laura Schenkein, age 39, will succeed Mr. Grayson as the Company’s new chief financial officer effective as of June 1, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Blake Grayson departed as chief financial officer at Trade Desk, Inc..

Action: stepping down
Role: chief financial officer

Exact text from the filing

On May 5, 2023, Blake Grayson, the Company’s chief financial officer, informed the Company that he will be stepping down from his current position effective as of May 31, 2023.

View on SEC.gov

20 earnings releases filed in the last 30 days. Browse all earnings releases →

Trade Desk, Inc. filing history →

Source: SEC EDGAR

accession 0001157523-23-000805

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