Trade Desk Q4 2023 Earnings Report

The Trade Desk outperformed digital advertising in Q4 2023, driven by growth in CTV and retail media, as well as the adoption of new tools.

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%.