secwatch.observer — SEC 8-K summary
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Issuer:     Trade Desk, Inc. (TTD)
CIK:        0001671933
Form:       8-K
Filed at:   2023-05-10T23:59:59+00:00
Accession:  0001157523-23-000805
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1671933/000115752323000805/0001157523-23-000805-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1671933/000115752323000805/a53397135.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-000805

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer