---
schema_version: "secwatch.filing_event.v1"
accession: "0001671933-25-000143"
form_type: "8-K"
ticker: "TTD"
cik: "0001671933"
company_name: "Trade Desk, Inc."
filed_at: "2025-11-06T23:59:59+00:00"
generated_at: "2026-05-16T23:47:01.417065+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Trade Desk Q3 revenue $739M (+18% YoY); guides Q4 revenue ≥$840M; adds $500M buyback

## Summary
- GAAP EPS $0.23 vs $0.19; Non-GAAP EPS $0.45 vs $0.41.
- Adjusted EBITDA $317M (43% margin); operating cash flow $225M in Q3.
- Q4 guidance: revenue at least $840M; Adjusted EBITDA ~$375M.
- Board approved additional $500M share repurchase; $310M repurchased in Q3.
- Anders Mortensen appointed CRO; customer retention >95% for 11th consecutive year.

## SEC filing metadata
- accession: 0001671933-25-000143
- form_type: 8-K
- ticker: TTD
- cik: 0001671933
- company_name: Trade Desk, Inc.
- filed_at: 2025-11-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1671933/000167193325000143/0001671933-25-000143-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1671933/000167193325000143/ttd-20251106.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001671933-25-000143
- JSON: https://secwatch.observer/filing/0001671933-25-000143.json
- Plain text: https://secwatch.observer/filing/0001671933-25-000143.txt

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