Earnings summaries and quarterly performance for Trade Desk.
Executive leadership at Trade Desk.
Board of directors at Trade Desk.
Research analysts who have asked questions during Trade Desk earnings calls.
Justin Patterson
KeyBanc Capital Markets
5 questions for TTD
Also covers: ABNB, ANGI, CART +12 more
Shyam Patil
Susquehanna Financial Group
5 questions for TTD
Also covers: CHKP, MGNI, MNTN +3 more
Vasily Karasyov
Cannonball Research
5 questions for TTD
Also covers: APP, NYT, ROKU +1 more
Jason Helfstein
Oppenheimer & Co. Inc.
3 questions for TTD
Also covers: ANGI, BLDE, CART +23 more
Matthew Swanson
RBC Capital Markets
3 questions for TTD
Also covers: DV, IBM, MGNI +6 more
Youssef Squali
Truist Securities
3 questions for TTD
Also covers: BABA, DASH, DV +12 more
Jessica Reif Cohen
Bank of America Merrill Lynch
2 questions for TTD
Also covers: ATUS, CMCSA, FOXA +4 more
Jessica Reif Ehrlich
Bank of America Securities
2 questions for TTD
Also covers: CHTR, CMCSA, DIS +6 more
Mark Mahaney
Evercore ISI
2 questions for TTD
Also covers: ABNB, AMZN, BKNG +22 more
Daniel Salmon
New Street Research
1 question for TTD
Also covers: MTCH, NFLX, PINS +2 more
Laura Martin
Needham & Company, LLC
1 question for TTD
Also covers: CTV, CURI, DSP +10 more
Mark Kelley
Stifel, Nicolaus & Company, Incorporated
1 question for TTD
Also covers: CRTO, DV, ETSY +6 more
Shweta Khajuria
Wolfe Research, LLC
1 question for TTD
Also covers: BMBL, CART, CHWY +14 more
Recent press releases and 8-K filings for TTD.
The Trade Desk Reports Strong Q3 2025 Results and Provides Q4 2025 Guidance
TTD
Earnings
Guidance Update
Product Launch
- The Trade Desk reported Q3 2025 revenue of $739 million, an 18% year-over-year increase, or 22% excluding political spend. Adjusted EBITDA was $317 million, representing 43% of revenue, and adjusted net income was $221 million, or $0.45 per diluted share.
- For Q4 2025, the company expects revenue to be at least $840 million and adjusted EBITDA to be approximately $375 million.
- The company utilized $310 million for share repurchases in Q3 2025, and the board subsequently approved a new authorization of $500 million.
- Product innovations, including Kokai, have delivered significant performance improvements, such as 26% better cost per acquisition and 94% better click-through rate compared to previous versions. New products like OpenPath, Open Ads, an overhauled data marketplace, trading modes, and Audience Unlimited were also introduced.
- Since March 2025, the company has welcomed a new COO, Vivek Kundra, a new CFO, Alex Cailliau, and a new CRO, Anders Mortensen.
| Metric | Q3 2025 | Q4 2025 (Guidance) |
|---|---|---|
| Revenue ($USD Millions) | $739 | At least $840 |
| Adjusted EBITDA ($USD Millions) | $317 | Approximately $375 |
| Adjusted Net Income ($USD Millions) | $221 | N/A |
| Adjusted EPS ($USD) | $0.45 | N/A |
| Free Cash Flow ($USD Millions) | $155 | N/A |
Nov 6, 2025, 10:00 PM
The Trade Desk Reports Strong Q3 2025 Results and Provides Q4 Outlook
TTD
Earnings
Guidance Update
Management Change
- The Trade Desk reported Q3 2025 revenue of $739 million, an 18% year-over-year increase (or 22% excluding political spend), with adjusted EBITDA of $317 million (43% of revenue) and adjusted diluted EPS of $0.45.
- For Q4 2025, the company projects revenue of at least $840 million and adjusted EBITDA of approximately $375 million.
- CTV and retail media continue to be key growth drivers, with CTV representing approximately 50% of the business in Q3, and international growth outpacing North America.
- Since March 2025, the company has welcomed a new COO, CFO, and CRO, and in Q3, it repurchased $310 million of Class A Common stock, with the board approving a new $500 million repurchase authorization.
Nov 6, 2025, 10:00 PM
The Trade Desk Reports Q3 2025 Financial Results and New Share Repurchase Authorization
TTD
Earnings
Guidance Update
Share Buyback
- The Trade Desk reported Q3 2025 revenue of $739 million, an 18% year-over-year increase, with GAAP diluted earnings per share of $0.23 and Adjusted EBITDA of $317 million.
- The company announced an additional $500 million share repurchase authorization in October 2025, having used $310 million for repurchases in Q3 2025.
- For Q4 2025, The Trade Desk anticipates revenue of at least $840 million and Adjusted EBITDA of approximately $375 million.
- Customer retention remained over 95% during Q3 2025, and Anders Mortensen was appointed Chief Revenue Officer.
Nov 6, 2025, 9:13 PM
The Trade Desk to Join S&P 500 Index
TTD
Guidance Update
Delisting/Listing Issues
M&A
- The Trade Desk's stock surged approximately 14% in after-hours trading following the announcement of its inclusion in the S&P 500 index, where it will replace Ansys effective July 18.
- Despite a 36% year-to-date stock price decline, the company holds a $37 billion market cap, and analysts maintain an optimistic outlook with an average one-year price target of $88.10 and an 'Outperform' recommendation.
- The company reported adjusted net income of $165 million or $0.33 per fully diluted share and expects Q2 revenue of at least $682 million, reflecting 17% year-over-year growth.
- This S&P 500 addition is an off-schedule replacement triggered by Synopsys' acquisition of Ansys, impacting other candidates like Robinhood Markets and Applovin.
Jul 14, 2025, 9:50 PM
Trade Desk, Inc. Announces 2025 Annual Stockholder Meeting Vote Outcomes
TTD
Proxy Vote Outcomes
Board Change
Auditor Change
- The Trade Desk held its 2025 annual meeting on May 27, 2025, with a record date of March 31, 2025, where the company reported details of its share class voting structure and quorum achievement.
- Four proposals were put to vote, including board elections for Class III directors, an incentive award plan amendment, executive compensation approval, and the ratification of PricewaterhouseCoopers LLP as independent auditor, with specific vote counts provided.
May 29, 2025, 12:00 AM
Trade Desk Q1 2025 Earnings & Strategic Developments
TTD
Earnings
Share Buyback
Product Launch
Revenue Acceleration/Inflection
- Q1 2025 revenue reached $616 million with 25% year-over-year growth, Adjusted EBITDA of $208 million (34% margin), and Non-GAAP net income of $165 million .
- GAAP net income was $51 million (up from $32 million in Q1 2024), marking significant profitability improvements .
- The accelerated rollout of the Kokai platform enhanced with AI tools delivered 24% lower cost per conversion and 20% lower cost per acquisition, supporting market share gains .
- CEO Jeffrey Green emphasized capturing market share in an "unfair market" amid regulatory actions against walled gardens like Google .
- The company leveraged growth opportunities in connected TV and shopper marketing to capitalize on expanding global digital ad spend .
- Capital management efforts included repurchasing $386 million of stock and maintaining nearly $631 million in repurchase authorization .
May 8, 2025, 9:01 PM
Trade Desk Appoints Vivek Kundra as COO
TTD
Management Change
Executive Compensation
- Vivek Kundra has been appointed as Chief Operating Officer, effective March 31, 2025, to drive global operational excellence at Trade Desk.
- Kundra brings extensive experience from leadership roles at project44, Sprinklr, Salesforce, and as the U.S. Government's first Chief Information Officer, positioning him to support the company’s growth objectives.
- The appointment includes significant compensation components, with a base salary of $600,000, a signing bonus of $600,000, and equity awards targeting $12.5 million in value.
Mar 12, 2025, 12:00 AM
Quarterly earnings call transcripts for Trade Desk.
Ask Fintool AI Agent
Get instant answers from SEC filings, earnings calls & more
Let Fintool AI Agent track Trade Desk's earnings for you
Get instant analysis when filings drop