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

Reported Q: Q4 2023 Rev YoY: +23.5% EPS YoY: +33.3% Move: +4.03%

The Trade Desk Inc

TTD

$28.13 4.03%

Exchange NASDAQ Sector Technology Industry Software Application

Q4 2023

Published: Feb 15, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for TTD

Reported

Report Date

Feb 15, 2024

Quarter Q4 2023

Revenue

605.80M

YoY: +23.5%

EPS

0.19

YoY: +33.3%

Market Move

+4.03%

Previous quarter: N/A

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Earnings Highlights

Revenue of $605.80M up 23.5% year-over-year
EPS of $0.19 increased by 33.3% from previous year
Gross margin of 83.4%
Net income of 97.32M
""Our platform sees about 15 million advertising impression opportunities per second, allowing us to effectively stack rank those impressions based on performance probability."" - Jeff Green, CEO

TTD

The Trade Desk Inc

Period Q4 2023

Currency USD

Report Type Quarterly Earnings

Generated Feb 11, 2026

Executive Summary

In Q4 2023, The Trade Desk Inc (TTD) reported significant financial strides, achieving a record revenue of $605.8 million, marking a 23% year-over-year increase. This performance was bolstered by $10 billion in platform spend for the year and strong growth across key channels like connected TV (CTV) and retail media. Adjusted EBITDA reached $284 million, showcasing a robust margin of 47%. CEO Jeff Green expressed optimism for 2024, citing advancements in identity solutions and the strategic rollout of their Kokai platform as key drivers for future growth. Despite ongoing concerns with cookie deprecation, management emphasized that This visibility into performance would allow TTD to maintain market share amidst evolving industry dynamics.

Key Performance Indicators

Revenue

Increasing

605.80M

QoQ: 22.81% | YoY: 23.45%

Gross Profit

Increasing

505.10M

83.38% margin

QoQ: 26.31% | YoY: 22.86%

Operating Income

Increasing

144.44M

QoQ: 283.36% | YoY: 44.21%

Net Income

Increasing

97.32M

QoQ: 147.31% | YoY: 36.71%

EPS

Increasing

0.20

QoQ: 148.76% | YoY: 33.33%

Revenue Trend

Margin Analysis

Financial Highlights

Revenue Performance:
- Q4 Revenue: $605.8 million, up 23% YoY and 22.8% QoQ.
- Annual Revenue: $1.9 billion, a 23% increase for 2023.
- EBITDA for Q4: $284 million, representing a 47% margin.

Profitability:
- Net Income: $97.3 million in Q4, a 36.7% increase YoY.
- Earnings per Share (EPS): $0.20, up from $0.15 in Q4 2022 (33% YoY).
- Adjusted EBITDA margin for the year improved to approximately 40%.

Cash Flow and Balance Sheet:
- Free Cash Flow: $64 million for Q4 and $543 million for the year.
- Cash and short-term investments at year-end: $1.4 billion, with no debt outstanding.

Comparative Performance:
- TTD's revenue growth of 23% is significantly above the broader digital advertising market's growth, outperforming key competitors.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	605.80M	23.45%	22.81%
Gross Profit	505.10M	22.86%	26.31%
Operating Income	144.44M	44.21%	283.36%
Net Income	97.32M	36.71%	147.31%
EPS	0.20	33.33%	148.76%

Key Financial Ratios

Gross Profit Margin

Excellent

83.40%

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

Operating Profit Margin

Good

23.80%

Operating margin is healthy and competitive within industry standards

Net Profit Margin

Good

16.10%

Net profit margin is healthy and competitive within industry standards

Return on Assets

Weak

1.99%

Return on assets suggests inefficient capital allocation

Return on Equity

Weak

4.50%

Return on equity suggests inefficient capital allocation

Current Ratio

Healthy

1.72

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

90.47x

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

Price to Book

High Premium

16.27x

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

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The Trade Desk Inc (TTD) Q4 2023 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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