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Mar 31, 2021
Trade Desk Q1 2021 Earnings Report
The Trade Desk's performance exceeded expectations, driven by the value marketers place on data-driven advertising and the growth of CTV.
Key Takeaways
The Trade Desk reported strong first-quarter results, surpassing expectations with revenue growth driven by CTV. The company continues to invest in its platform and expand partnerships, including a new DSP with Walmart.
Revenue increased by 37% year-over-year, reaching $219.8 million.
Customer retention remained over 95% during the quarter.
The Trade Desk partnered with Walmart to launch a new DSP.
The Trade Desk is building support for Unified ID 2.0 (UID2).
Trade Desk
Trade Desk
Forward Guidance
The company expects revenue between $259 million and $262 million, and Adjusted EBITDA of at least $84 million for the second quarter of 2021, assuming the economy continues to recover and there are no major COVID-19 related setbacks.