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The Trade Desk(TTD) - 2024 Q4 - Annual Results
TTDThe Trade Desk(TTD)2025-02-12 21:13

Financial Performance - The Trade Desk reported fourth quarter revenue of 741million,a22741 million, a 22% increase year over year, and full year revenue of 2.4 billion, reflecting a 26% growth compared to 2023[4]. - Net income for the fourth quarter was 182million,withanetincomemarginof25182 million, with a net income margin of 25%, while full year net income reached 393 million, representing a margin of 16%[4]. - The company achieved an adjusted EBITDA of 350millioninthefourthquarter,maintainingamarginof47350 million in the fourth quarter, maintaining a margin of 47%, and a full year adjusted EBITDA of 1.01 billion, with a margin of 41%[4]. - Net income for the year ended December 31, 2024, was 393,076million,asignificantincreaseof119.9393,076 million, a significant increase of 119.9% from 178,940 million in 2023[25]. - Adjusted EBITDA for the year ended December 31, 2024, was 1,010,649million,representinga311,010,649 million, representing a 31% increase from 771,526 million in 2023[27]. - Cash and cash equivalents at the end of the year on December 31, 2024, were 1,369,463million,upfrom1,369,463 million, up from 895,129 million in 2023, marking a 53% increase[24]. - Total assets as of December 31, 2024, amounted to 6,111,951million,a24.96,111,951 million, a 24.9% increase from 4,888,687 million in 2023[23]. - Non-GAAP net income for the year ended December 31, 2024, was 832,303million,comparedto832,303 million, compared to 628,099 million in 2023, reflecting a 32.5% growth[27]. - The company reported a GAAP diluted earnings per share of 0.78fortheyearendedDecember31,2024,comparedto0.78 for the year ended December 31, 2024, compared to 0.36 in 2023[27]. Customer Metrics - Customer retention remained over 95% for the year, consistent with the past eleven years[5]. Acquisitions and Investments - The Trade Desk announced an agreement to acquire Sincera, a digital advertising data company, expected to close in Q1 2025[8]. - The company has authorized an additional 564millionforsharerepurchases,bringingthetotalto564 million for share repurchases, bringing the total to 1 billion[12]. - The company repurchased 234,784millionofClassAcommonstockduringtheyear,downfrom234,784 million of Class A common stock during the year, down from 646,597 million in 2023[24]. Operational Highlights - The Trade Desk's platform facilitated 12billioningrossspendfor2024,indicatingstrongmarketdemand[5].−PlatformoperationsrevenuefortheyearendedDecember31,2024,reached12 billion in gross spend for 2024, indicating strong market demand[5]. - Platform operations revenue for the year ended December 31, 2024, reached 29,310 million, a 39.2% increase from 21,048millionin2023[20].−TotalsalesandmarketingexpensesfortheyearendedDecember31,2024,were21,048 million in 2023[20]. - Total sales and marketing expenses for the year ended December 31, 2024, were 99,135 million, up 30.5% from 75,924millionin2023[20].−Technologyanddevelopmentexpensesincreasedto75,924 million in 2023[20]. - Technology and development expenses increased to 138,393 million for the year ended December 31, 2024, compared to 120,823millionin2023,reflectinga14.5120,823 million in 2023, reflecting a 14.5% rise[20]. Future Outlook - Financial guidance for Q1 2025 includes expected revenue of at least 575 million and adjusted EBITDA of approximately $145 million[8]. - The company plans to launch the Ventura Operating System to enhance streaming TV experiences and advertising efficiency[8].