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Jun 30, 2023
Trade Desk Q2 2023 Earnings Report
The Trade Desk demonstrated strong execution and share gains, achieving revenue growth and advancing in key areas like CTV and retail.
Key Takeaways
The Trade Desk reported a strong second quarter with revenue of $464 million, representing a 23% increase year-over-year. The company continues to focus on innovation and gaining market share in key growth areas such as CTV.
Revenue reached $464 million, a 23% increase year-over-year.
Customer retention remained above 95% for the past nine years.
The company is building support for Unified ID 2.0 (UID2).
The Trade Desk repurchased $44 million of Class A common stock.
Forward Guidance
The Trade Desk anticipates continued growth, projecting revenue of at least $485 million and Adjusted EBITDA of approximately $185 million for the third quarter of 2023.
Positive Outlook
- Revenue at least $485 million
- Adjusted EBITDA of approximately $185 million
- Continued growth
- Focus on innovation
- Gaining market share
Historical Earnings Impact
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Avg. Return Before/After Earnings
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