Press release
The Trade Desk Reports First Quarter 2022 Financial Results
LOS ANGELES--(BUSINESS WIRE)-- The Trade Desk, Inc. (NASDAQ: TTD), a provider of a global technology platform for buyers of advertising, today announced
About this update from The Trade Desk, Inc.
[{"type":"text","content":" LOS ANGELES--(BUSINESS WIRE)--\nThe Trade Desk, Inc. (NASDAQ: TTD), a provider of a global technology platform for buyers of advertising, today announced financial results for its first quarter ended March 31, 2022.\n\n“We delivered outstanding performance in the first quarter, growing 43% versus a year ago, representing our strongest first quarter revenue growth in the last four years. This performance is testament to the value that marketers are increasingly placing on data-driven advertising on the open internet,” said Jeff Green, Co-founder and CEO of The Trade Desk. “We continue to innovate in ways that help marketers succeed, whether it’s launching the world’s most advanced data marketplace that helps advertisers value and price data accurately and use more of it, or our OpenPath solution, which provides advertisers with a more direct path to premium publisher inventory. With this innovation focus, along with strong growth across all channels, led by CTV, we are reinforcing our position as the default demand side platform for the open internet.”\n\nFirst Quarter 2022 Financial Highlights:\n\nThe following table summarizes our consolidated financial results for the quarters ended March 31, 2022 and 2021 ($ in millions, except per share amounts):\n\n\n\n \n\n\n\n\nThree Months Ended\n\n\n\n\n\n \n\n\n\n\nMarch 31,\n\n\n\n\n\n \n\n\n\n\n2022\n\n\n\n \n\n\n\n2021\n\n\n\n\n\nGAAP Results\n\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nRevenue\n\n\n\n\n$\n\n\n\n315\n\n\n\n \n\n\n\n\n$\n\n\n\n220\n\n\n\n \n\n\n\n\n\nIncrease in revenue year over year\n\n\n\n\n \n\n\n\n43\n\n\n\n%\n\n\n\n\n \n\n\n\n37\n\n\n\n%\n\n\n\n\n\nNet income (loss)\n\n\n\n\n$\n\n\n\n(15\n\n\n\n)\n\n\n\n\n$\n\n\n\n23\n\n\n\n \n\n\n\n\n\nGAAP diluted earnings (loss) per share\n\n\n\n\n$\n\n\n\n(0.03\n\n\n\n)\n\n\n\n\n$\n\n\n\n0.05\n\n\n\n \n\n\n\n\n\n \n\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nNon-GAAP Results\n\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nAdjusted EBITDA\n\n\n\n\n$\n\n\n\n121\n\n\n\n \n\n\n\n\n$\n\n\n\n71\n\n\n\n \n\n\n\n\n\nAdjusted EBITDA margin\n\n\n\n\n \n\n\n\n38\n\n\n\n%\n\n\n\n\n \n\n\n\n32\n\n\n\n%\n\n\n\n\n\nNon-GAAP net income\n\n\n\n\n$\n\n\n\n105\n\n\n\n \n\n\n\n\n$\n\n\n\n70\n\n\n\n \n\n\n\n\n\nNon-GAAP diluted earnings per share\n\n\n\n\n$\n\n\n\n0.21\n\n\n\...