The Trade Desk Q3 Earnings Report

The Trade Desk (NASDAQ:TTD) reported third-quarter earnings that surpassed analyst estimates, yet shares fell 7.9% as results and guidance did not meet high market expectations.

Earnings Overview

• Adjusted Earnings Per Share: $0.41 (Analyst consensus: $0.39)
• Revenue: $628 million (up 27% YoY; Estimate: $620.01 million)

Q4 Expectations

• Expected Revenue: At least $756 million (Analyst consensus: $752.2 million)
• Adjusted EBITDA Guidance: Approximately $363 million

Jeff Green, Co-founder and CEO, stated, "The Trade Desk delivered strong performance in the third quarter, with revenue of $628 million, accelerating growth to 27%. This performance highlights the value advertisers place on precision and transparency in their campaigns."

Despite solid results and a positive outlook, the 7% drop in share price indicates that investor expectations were even higher for the ad tech firm.

The company also emphasized its success in customer retention, maintaining a rate of over 95% for the tenth consecutive year.