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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.
Trade Desk
Trade Desk
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.