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Mar 31, 2024
Trade Desk Q1 2024 Earnings Report
The Trade Desk experienced revenue growth and strategic advancements in CTV and identity solutions.
Key Takeaways
The Trade Desk reported a strong Q1 2024 with revenue of $491 million, a 28% year-over-year increase. The company is focused on CTV growth, UID2 adoption, and AI advancements.
Revenue reached $491 million, up 28% year-over-year.
Customer retention remained above 95% for the tenth consecutive year.
Adjusted EBITDA was $162 million with a 33% margin.
The company repurchased $125 million of Class A common stock.
Trade Desk
Trade Desk
Forward Guidance
The Trade Desk anticipates revenue of at least $575 million and Adjusted EBITDA of approximately $223 million for the second quarter of 2024.
Positive Outlook
- Revenue at least $575 million
- Adjusted EBITDA of approximately $223 million
- Continued strong growth of CTV
- Growing ubiquity of UID2
- Significant AI advances in our Kokai platform