Trade Desk Q3 2021 Earnings Report
Key Takeaways
The Trade Desk reported a strong third quarter with revenue of $301.1 million and adjusted EBITDA of $122.7 million. The company's revenue growth significantly outpaced worldwide programmatic advertising growth, driven by increased adoption of its platform by leading brands and agencies.
Revenue increased by 39% year-over-year, reaching $301.1 million.
Adjusted EBITDA was $122.7 million, with an adjusted EBITDA margin of 41%.
Customer retention remained above 95% during the quarter.
The company launched its new trading platform, Solimar, enhancing data-driven precision for advertisers.
Trade Desk
Trade Desk
Forward Guidance
The company estimates revenue of at least $388 million and adjusted EBITDA of approximately $175 million for the fourth quarter of 2021, assuming continued economic recovery and no major COVID-19 related setbacks.