The Trade Desk (TTD) reported third-quarter 2024 non-GAAP earnings of 41 cents per share, beating the Zacks Consensus Estimate by 2.5% and increasing 24.2% year over year.TTD’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed once, the average earnings surprise being 6.09%.  Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Revenues of $628 million surpassed the Zacks Consensus Estimate by 1.31%. The top line soared 27.3% year over year.Follow ...

Despite its high valuation, I gave The Trade Desk ( TTD ) a strong buy recommendation when I first wrote about the stock on January 4, 2024. I followed that up with aI have been a Merchant Seaman that has traveled the world for over 30 years. Within the last 15 years, I developed a very intense interest in investing. I learned a lot of what I know about investing from The MF. Also because I have a engineering background, I often tend to gravitate to Tech stocksAnalyst’s Disclosure: I/we have a beneficial lo ...

Core Viewpoint - The Trade Desk reported solid third-quarter earnings, but high valuation concerns led to a decline in its stock price despite positive financial results [1][2]. Financial Performance - Revenue for the third quarter increased by 27% to $628 million, surpassing the consensus estimate of $619.9 million [2]. - GAAP operating income nearly tripled to $108.5 million, with flat spending on technology and administrative expenses [3]. - Adjusted earnings per share rose from $0.33 to $0.41, exceeding the consensus estimate of $0.39 [3]. Customer Metrics - Customer retention remained above 95%, maintaining a streak of 10 years [3]. - The Unified ID 2.0 protocol continues to expand its partnerships, including collaborations with Roku and Spotify [3]. Future Outlook - The company anticipates revenue of at least $756 million for the next quarter, indicating a minimum growth of 25% year-over-year [4]. - Adjusted EBITDA is expected to reach around $363 million, reflecting a margin close to 50% [5]. - CEO Jeff Green expressed optimism about capturing a larger share of the $1 trillion advertising market as the company enters its peak business season [4]. Valuation Concerns - The stock is trading at a price-to-earnings ratio of approximately 200 based on GAAP earnings, which contributes to the stock's decline despite the positive earnings report [5].

Financial Data and Key Metrics Changes - The Trade Desk reported Q3 revenue of $628 million, representing a 27% year-over-year growth, marking strong revenue growth acceleration compared to the previous quarter and year [6][61]. - Adjusted EBITDA for Q3 was approximately $257 million, about 41% of revenue, with free cash flow of $222 million [63][68]. - Adjusted net income was $207 million or $0.41 per fully diluted share [67]. Business Line Data and Key Metrics Changes - CTV (Connected TV) continued to lead growth, representing a high 40s percentage share of the business, with strong momentum in retail media [63][62]. - Mobile accounted for a mid-30 percentage share of spend, while display represented a low double-digit percent share, and audio made up around 5% [63]. - Over 40% of the business this year will fall under Joint Business Plans (JBPs), indicating significant future spending projections [9]. Market Data and Key Metrics Changes - North America represented about 88% of the business in Q3, while international spend growth outpaced North America for the seventh consecutive quarter, particularly strong in CTV [64]. - Growth was broad-based across verticals, with notable performance in medical health, home and garden, and pets, while political spending was also strong [65]. Company Strategy and Development Direction - The company is focused on expanding its leadership in CTV, retail media, and enhancing its AI capabilities through products like Kokai [9][60]. - The Trade Desk aims to capitalize on the growing CTV opportunity, with partnerships deepening with major players like Disney, NBCU, and Netflix [7][8]. - The company is positioned to benefit from macro changes in the advertising landscape, including the shift towards AI and the need for more efficient supply chains [10][31]. Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's position heading into 2025, citing strong growth drivers in CTV and retail media [9][70]. - The current macro environment presents challenges for brands, leading them to seek more effective advertising solutions, which benefits The Trade Desk [75]. - The company anticipates continued strong performance in Q4, estimating revenue of at least $756 million, representing a 25% year-over-year growth [69]. Other Important Information - The company has no debt and exited Q3 with a strong cash position of $1.7 billion [68]. - The Trade Desk is actively repurchasing shares, having repurchased $54 million of Class A common stock in Q3 [68]. Q&A Session Summary Question: Near-term macro outlook for Q3 and Q4 - Management highlighted significant macro vectors affecting the business and expressed pride in the strong Q3 performance, particularly in CTV and the Kokai platform [72][73]. Question: Impact of Google and regulatory pressures - Management noted that regardless of the outcome of the DOJ trial against Google, The Trade Desk is well-positioned to win and continue to gain market share [84][88]. Question: Supply chain initiatives and OpenPath - Management explained the significance of OpenPath in enhancing transparency and efficiency in the supply chain, empowering publishers and improving value for advertisers [91][97]. Question: CTV growth drivers - Management identified key drivers for CTV growth, including partnerships, international expansion, and the evolution of ad tech and AI [108][109].

The Trade Desk (TTD) came out with quarterly earnings of $0.41 per share, beating the Zacks Consensus Estimate of $0.40 per share. This compares to earnings of $0.33 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.50%. A quarter ago, it was expected that this digital-advertising platform operator would post earnings of $0.36 per share when it actually produced earnings of $0.39, delivering a surprise of 8.33%.Over the last f ...

Table of Contents Title of each class Trading Symbol Name of each exchange on which registered Class A Common Stock, par value $0.000001 per share TTD The Nasdaq Stock Market LLC UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________ FORM 10-Q ______________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SEC ...

Exhibit 99.1 The Trade Desk Reports Third Quarter 2024 Financial Results LOS ANGELES--(BUSINESS WIRE)--November 7, 2024--The Trade Desk, Inc. ("The Trade Desk," the "Company" or "we") (NASDAQ: TTD), a provider of a global technology platform for buyers of advertising, today announced financial results for its third quarter ended September 30, 2024. "The Trade Desk delivered strong performance in the third quarter, with revenue of $628 million, accelerating growth to 27%. This performance underlines the valu ...

The Trade Desk (TTD) is set to release its third-quarter 2024 results on Nov. 7.TTD estimates third-quarter 2024 revenues to be at least $618 million, suggesting growth of 25% on a year-over-year basis.The Zacks Consensus Estimate for third-quarter 2024 revenues is pegged at $619.89 million, indicating year-over-year growth of 25.67%.The consensus mark for earnings is pegged at 40 cents per share, unchanged over the past 60 days, suggesting 21.21% year-over-year growth.TTD’s earnings beat the Zacks Consensu ...

The adoption of AI within the digital advertising industry allowed this company to step on the gas.Artificial intelligence (AI) positively affected multiple businesses, including semiconductors, workplace collaboration software, and cloud computing. Consumers, companies, and governments are looking to make the most of this emerging technology to improve productivity.The digital advertising industry also adopted AI to allow advertisers to target their audiences more efficiently, reducing costs while increasi ...

The shares have climbed 67% this year and already trade at a high valuation.Shares of The Trade Desk (TTD -0.85%) have been on fire in 2024. Despite its premium valuation, investors are still bullish on the company's prospects as its stock hits new highs above $120 per share.Wells Fargo analyst Alec Brondolo initiated coverage this week with an overweight (buy) rating and a $150 price target, implying upside of 25%. Four in five analysts rate the stock as a "buy" or "strong buy" with an average price target ...