Trade Desk Q4 2023 Earnings Report
Key Takeaways
The Trade Desk reported strong Q4 2023 financial results, with revenue reaching $606 million, a 23% increase year-over-year. The company's success was attributed to the growing value advertisers place on the open internet and the adoption of channels like CTV and retail media. The Trade Desk continues to innovate with platforms like Kokai and support industry-wide identity solutions like UID2.
Revenue reached $606 million, representing a 23% increase year-over-year.
Net income was reported at $97 million, compared to $71 million in the same quarter of the previous year.
Non-GAAP diluted earnings per share (EPS) reached $0.41, up from $0.38 in Q4 2022.
The company highlighted continued share gains and strong customer retention, remaining over 95%.
Trade Desk
Trade Desk
Forward Guidance
For the first quarter of 2024, The Trade Desk anticipates revenue of at least $478 million and adjusted EBITDA of approximately $130 million.