Trade Desk Q1 revenue $491M (+28% YoY); guides Q2 rev at least $575M

Trade Desk, Inc.

2024-Q1 EPS reported $0.06 revenue$491,253,000

Revenue $491M (+28% YoY); GAAP net income $32M ($0.06 diluted EPS); non-GAAP EPS $0.26.
Adjusted EBITDA $162M (33% margin) vs $114M (28%) in prior year.
Q2 2024 guidance: revenue at least $575M, adjusted EBITDA ~$223M.
Repurchased $125M of Class A common stock in Q1; $575M remaining under authorization.
Customer retention >95% for tenth consecutive year; CTV partnerships expanded with Disney, NBCU, Roku.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Trade Desk, Inc. reported first quarter ended March 31, 2024 results: revenue $491 million, net income $32 million, EPS $0.06 per diluted share.

Period: first quarter ended March 31, 2024
Revenue: $491 million
Net income: $32 million
EPS: $0.06 per diluted share
Result: reported results

Exact text from the filing

for buyers of advertising, today announced financial results for its first quarter ended March 31, 2024. “Q1 was a strong quarter for The Trade Desk as we delivered revenue of $491 million, accelerating growth to 28% year-over-year. Our outstanding performance to start the year underlines the value advertisers are placing on premium inventory on the open internet

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Source: SEC EDGAR

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