Quick answer: latest quarter results, by ticker or company name

Reported Q: Q1 2024 Rev YoY: +28.3% EPS YoY: +241.1% Move: +4.57%

The Trade Desk Inc

TTD

$28.28 4.57%

Exchange NASDAQ Sector Technology Industry Software Application

Q1 2024

Published: May 10, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for TTD

Reported

Report Date

May 10, 2024

Quarter Q1 2024

Revenue

491.25M

YoY: +28.3%

EPS

0.06

YoY: +241.1%

Market Move

+4.57%

Previous quarter: Q4 2023

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Earnings Highlights

Revenue of $491.25M up 28.3% year-over-year
EPS of $0.06 increased by 241.1% from previous year
Gross margin of 78.9%
Net income of 31.66M
""Over the past few months, industry giants like Disney, NBCU, Walmart, Amazon and now Roku and LG Electronics have all made deeper pivots into CTV, many of them in partnership with us, bringing more opportunity for advertisers."" - Jeff Green

TTD

The Trade Desk Inc

Period Q1 2024

Currency USD

Report Type Quarterly Earnings

Generated Feb 10, 2026

Executive Summary

The Trade Desk Inc (TTD) reported strong financial performance for Q1 2024, with a revenue increase of 28% year-over-year to $491 million, driven primarily by accelerated growth in Connected TV (CTV) advertising and the strategic implementation of its Kokai platform. The company’s ability to outperform the broader digital advertising market reflects its competitive positioning and increasing demand for its innovative data-driven solutions. CEO Jeff Green emphasized that 90% of the Ad Age Top 200 advertisers utilized their platform within the past year, indicating robust market acceptance and customer loyalty. Moreover, the company’s adjusted EBITDA reached $162 million, translating to a 33% margin, demonstrating efficient cost management amid expansions in sales and marketing operations to support future growth.

Key Performance Indicators

Revenue

Increasing

491.25M

QoQ: -18.91% | YoY: 28.33%

Gross Profit

Increasing

387.62M

78.90% margin

QoQ: -23.26% | YoY: 30.10%

Operating Income

Increasing

28.66M

QoQ: -80.16% | YoY: 222.95%

Net Income

Increasing

31.66M

QoQ: -67.47% | YoY: 239.48%

EPS

Increasing

0.06

QoQ: -67.60% | YoY: 241.05%

Revenue Trend

Margin Analysis

Financial Highlights

Key performance indicators highlight a gross profit of $387 million, yielding a gross margin of 78.9% and evidence of solid operational execution. The operating income surged significantly, increasing by 222.9% year-over-year to $28.7 million, with a prevailing operating margin of 5.8%. Notably, net income rose to $31.7 million, a remarkable 239.5% improvement from the prior year, equating to an EPS of $0.0648. TTD concluded the quarter with a strong balance sheet, evidenced by $918 million in cash and cash equivalents, with no outstanding debt, contributing to a current ratio of 1.794 which signifies good short-term liquidity. Free cash flow was also robust at $176 million, reflecting the company's capacity to generate cash from operations and fund future initiatives.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	491.25M	28.33%	-18.91%
Gross Profit	387.62M	30.10%	-23.26%
Operating Income	28.66M	222.95%	-80.16%
Net Income	31.66M	239.48%	-67.47%
EPS	0.06	241.05%	-67.60%

Key Financial Ratios

Gross Profit Margin

Excellent

78.90%

Gross profit margin is exceptional, indicating strong pricing power and operational efficiency

Operating Profit Margin

Fair

5.83%

Operating margin is moderate, room for improvement in cost management

Net Profit Margin

Fair

6.44%

Net profit margin is moderate, room for improvement in cost management

Return on Assets

Weak

0.68%

Return on assets suggests inefficient capital allocation

Return on Equity

Weak

1.46%

Return on equity suggests inefficient capital allocation

Current Ratio

Healthy

1.79

Current ratio shows adequate liquidity to meet short-term obligations

Debt to Equity

Conservative

0.11

Debt-to-equity shows conservative leverage and low financial risk

P/E Ratio

High Growth

336.82x

Very high P/E indicates aggressive growth expectations, higher risk

Price to Book

High Premium

19.69x

Very high premium suggests asset-light business model or lofty expectations

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q4 2024	741.01	0.36	+22.3%	View
Q3 2024	628.02	0.19	+27.3%	View
Q2 2024	584.55	0.17	+25.9%	View
Q1 2024	491.25	0.06	+28.3%	View
Q4 2023	605.80	0.19	+23.5%	View

TTD

The Trade Desk Inc

Q4 2024 Report

The Trade Desk Inc (TTD) Q4 2024 Results: Reevaluation and Future Opportunities in the Ad Tech Landscape...

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The Trade Desk Inc

Q3 2024 Report

The Trade Desk Inc (TTD) Q3 2024 Financial Results: Strong Growth and Positioning for Future Opportunities...

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The Trade Desk Inc

Q2 2024 Report

The Trade Desk Inc (TTD) Q2 2024 Financial Results: Strong Growth and Market Positioning Amidst Economic Uncertainties...

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TTD

The Trade Desk Inc

Q4 2023 Report

The Trade Desk Inc (TTD) Q4 2023 Financial Results: Strong Year-End Performance and Promising Outlook...

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The Trade Desk Inc (TTD) Q1 2024 Earnings Report

Company Status Snapshot

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Financial Highlights

Income Statement

Key Financial Ratios

Management Insights Available for Members

Peer Comparison Available for Members

Investment Outlook & SWOT Available for Members

Historical Earnings Comparison

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