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Jun 30, 2021
Trade Desk Q2 2021 Earnings Report
Revenue more than doubled year-over-year, customer retention remained strong, and the new Solimar platform was launched.
Key Takeaways
The Trade Desk reported strong financial results for Q2 2021, with revenue more than doubling year-over-year to $280 million. Customer retention remained above 95%, and the company launched its new Solimar trading platform. The company's growth is attributed to its position as the default DSP for the open internet, particularly in Connected TV.
Revenue more than doubled year-over-year, reaching $280 million.
Customer retention remained strong, staying above 95%.
The new Solimar trading platform was launched, offering advanced features for advertisers.
The Trade Desk is building support for Unified ID 2.0 (UID2), a new industry-wide approach to identity.
Forward Guidance
The Trade Desk expects revenue of at least $282 million and Adjusted EBITDA of approximately $100 million for the third quarter of 2021, assuming continued economic recovery and no major COVID-19 related setbacks.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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