---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-23-000805"
form_type: "8-K"
ticker: "TTD"
cik: "0001671933"
company_name: "Trade Desk, Inc."
filed_at: "2023-05-10T23:59:59+00:00"
generated_at: "2026-06-15T06:34:27.807499+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001157523-23-000805
- form_type: 8-K
- ticker: TTD
- cik: 0001671933
- company_name: Trade Desk, Inc.
- filed_at: 2023-05-10T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1671933/000115752323000805/0001157523-23-000805-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1671933/000115752323000805/a53397135.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-000805
- JSON: https://secwatch.observer/filing/0001157523-23-000805.json
- Plain text: https://secwatch.observer/filing/0001157523-23-000805.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1671933/000115752323000805/0001157523-23-000805-index.htm
- Earnings Releases
  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
  source text: Second Quarter 2023 outlook summary: Revenue at least $452 million Adjusted EBITDA of approximately $160 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1671933/000115752323000805/0001157523-23-000805-index.htm
- Executive change
  Laura Schenkein was appointed as chief financial officer at Trade Desk, Inc..
  - Action: appointed
  - Role: chief financial officer
  source text: Laura Schenkein, age 39, will succeed Mr. Grayson as the Company’s new chief financial officer effective as of June 1, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1671933/000115752323000805/0001157523-23-000805-index.htm
- Executive change
  Blake Grayson departed as chief financial officer at Trade Desk, Inc..
  - Action: stepping down
  - Role: chief financial officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1671933/000115752323000805/0001157523-23-000805-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.