Reported Q: Q3 2024 Rev YoY: +27.3% EPS YoY: +136.3% Move: 0.00%
The Trade Desk Inc
TTD
$27.04 0.00%
Exchange NASDAQ Sector Technology Industry Software Application
Q3 2024
Published: Nov 7, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for TTD

Reported

Report Date

Nov 7, 2024

Quarter Q3 2024

Revenue

628.02M

YoY: +27.3%

EPS

0.19

YoY: +136.3%

Market Move

0.00%

Previous quarter: Q2 2024

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Earnings Highlights

  • Revenue of $628.02M up 27.3% year-over-year
  • EPS of $0.19 increased by 136.3% from previous year
  • Gross margin of 80.5%
  • Net income of 94.16M
  • ""Our revenue grew 27% compared with Q3 last year, marking strong revenue growth acceleration on both a sequential and a year-over-year basis."" - Jeff Green, CEO
TTD
The Trade Desk Inc

Executive Summary

In Q3 2024, The Trade Desk Inc (TTD) reported exceptional financial results, achieving a revenue of $628 million, reflecting a 27% year-over-year growth and a sequential increase of 7.4%. This strong performance was largely driven by the continuous growth in Connected TV (CTV), which remains the fastest-growing segment within the company's portfolio, as evidenced by robust partnerships with significant media providers like Disney and Roku. Management highlighted that over 40% of the business is now governed by multiyear joint business plans (JBPs), setting the stage for sustained future growth. Operating income surged to $108 million, marking a year-over-year increase of 188%, while net income reached $94 million, a 139% jump from the prior year. The continued emphasis on data-driven digital advertising, particularly through innovations like their Kokai platform, positions TTD competitively in an evolving market landscape.

Key Performance Indicators

Revenue
Increasing
628.02M
QoQ: 7.44% | YoY: 27.32%
Gross Profit
Increasing
505.36M
80.50% margin
QoQ: 6.60% | YoY: 26.38%
Operating Income
Increasing
108.48M
QoQ: 14.53% | YoY: 187.92%
Net Income
Increasing
94.16M
QoQ: 10.74% | YoY: 139.27%
EPS
Increasing
0.19
QoQ: 11.76% | YoY: 136.32%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
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