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Sep 30, 2022
Trade Desk Q3 2022 Earnings Report
Revenue increased and outperformed market, driven by growth in Connected TV and retail data.
Key Takeaways
The Trade Desk reported a strong third quarter with revenue growth of 31% year-over-year, significantly outpacing the market. The company's performance was driven by the increasing value of decisioned media buying on its platform, particularly in the rapidly growing market for Connected TV advertising and the use of retail data to tie campaign activity to actual retail sales.
Revenue increased by 31% year-over-year, reaching $395 million.
Customer retention remained above 95% for the past eight years.
The Trade Desk continues to build support for Unified ID 2.0 (UID2).
The company's focus on CTV and retail data is driving growth and innovation.
Trade Desk
Trade Desk
Forward Guidance
The Trade Desk expects revenue of at least $490 million and Adjusted EBITDA of approximately $229 million for the fourth quarter of 2022.
Positive Outlook
- Revenue at least $490 million
- Adjusted EBITDA of approximately $229 million
- Strong growth in Connected TV advertising
- Retail data helping clients unleash retail data
- Pioneering new approaches to identity