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Sep 30, 2024
Trade Desk Q3 2024 Earnings Report
The Trade Desk demonstrated strong growth and strategic advancements.
Key Takeaways
The Trade Desk reported a strong Q3 2024, with revenue reaching $628 million, representing a 27% increase year-over-year. The company saw continued customer retention above 95% and advancements in key areas like CTV and retail media. They provided guidance for Q4 2024 with revenue expected to be at least $756 million and adjusted EBITDA of approximately $363 million.
Revenue increased by 27% year-over-year, reaching $628 million.
Customer retention remained above 95% for the tenth consecutive year.
The company repurchased $54 million of its Class A common stock.
Continued collaboration and support for Unified ID 2.0 enhanced identity solutions.
Forward Guidance
The Trade Desk anticipates continued growth in the fourth quarter of 2024.
Positive Outlook
- Revenue is expected to be at least $756 million.
- Adjusted EBITDA is anticipated to be approximately $363 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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