Trade Desk Q1 2022 Earnings Report
Key Takeaways
The Trade Desk reported a revenue of $315 million for Q1 2022, representing a 43% increase compared to the previous year. The company's growth was driven by the increasing value marketers place on data-driven advertising on the open internet. Despite the revenue growth, the company reported a net loss of $15 million, or $(0.03) per share. Non-GAAP diluted earnings per share was $0.21.
Revenue reached $315 million, a 43% increase year-over-year.
Customer retention remained above 95% for the eighth consecutive year.
The Trade Desk continued to support Unified ID 2.0 through collaborations and partnerships.
The company launched OpenPath to provide advertisers with a direct path to publisher inventory.
Trade Desk
Trade Desk
Forward Guidance
The Trade Desk anticipates revenue of at least $364 million and Adjusted EBITDA of approximately $121 million for the second quarter of 2022.
Positive Outlook
- Revenue at least $364 million
- Adjusted EBITDA of approximately $121 million