secwatch.observer — SEC 8-K summary
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Issuer:     Trade Desk, Inc. (TTD)
CIK:        0001671933
Form:       8-K
Filed at:   2025-11-06T23:59:59+00:00
Accession:  0001671933-25-000143
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1671933/000167193325000143/0001671933-25-000143-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1671933/000167193325000143/ttd-20251106.htm
  HTML page:      https://secwatch.observer/filing/0001671933-25-000143

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