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Sep 30, 2020
Trade Desk Q3 2020 Earnings Report
The Trade Desk achieved record quarterly revenue driven by the shift to streaming TV and alternatives to user-generated content.
Key Takeaways
The Trade Desk reported record quarterly revenue of $216 million and adjusted EBITDA of $77 million for Q3 2020, driven by advertiser demand for data-driven solutions and the shift to streaming TV.
Delivered record quarterly revenue of $216 million and adjusted EBITDA of $77 million.
Customer retention remained over 95% during the quarter, consistent with the previous 5 years.
Connected TV grew over 100% from Q3 2019 to Q3 2020
Mobile Video and Audio spend grew about 70% from Q3 2019 to Q3 2020
Forward Guidance
The company estimates Q4 revenue to range between $287 million and $291 million, and adjusted EBITDA to be at least $115 million, assuming continued economic recovery and no major COVID-19 setbacks.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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