Trade Desk Q3 revenue $493M (+25% YoY), net income $39M; Q4 revenue guided at least $580M

Trade Desk, Inc.

2023-Q3 EPS reported $0.16 revenue$1,340,323,000

Revenue of $493M for Q3 2023, up 25% year-over-year from $395M.
GAAP net income of $39M ($0.08 diluted EPS) vs $16M ($0.03 EPS) in prior year.
Non-GAAP diluted EPS of $0.33, up from $0.26 in Q3 2022.
Q4 2023 guidance: revenue at least $580M and adjusted EBITDA approximately $270M.
Repurchased $90M of Class A common stock in Q3; customer retention over 95% for nine consecutive years.

item 2.02 item 9.01

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 Fourth Quarter 2023 results: revenue at least $580 million. Guidance initiated.

Period: Fourth Quarter 2023
Revenue: at least $580 million
Guidance: initiated
Result: guidance update

Exact text from the filing

Fourth Quarter 2023 outlook summary: Revenue at least $580 million

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Trade Desk, Inc. reported its third quarter ended September 30, 2023 results: revenue $493 million, net income $39, EPS $0.08.

Period: its third quarter ended September 30, 2023
Revenue: $493 million
Net income: $39
EPS: $0.08
Result: reported results

Exact text from the filing

buyers of advertising, today announced financial results for its third quarter ended September 30, 2023. “Q3 was a strong quarter for The Trade Desk as we delivered revenue of $493 million, accelerating growth to 25%. This performance underlines the premium that advertisers are placing on precision, agility and transparency as they seek to maximize returns from

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Source: SEC EDGAR

accession 0001157523-23-001709

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