The Trade Desk Reports Fourth Quarter and Fiscal Year 2020 Financial Results

About this update from The Trade Desk, Inc.

[{"type":"text","content":" LOS ANGELES--(BUSINESS WIRE)--\nGlobal advertising technology leader The Trade Desk (Nasdaq:TTD) today announced financial results for its fourth quarter and fiscal year ended December 31, 2020.\n\n“While 2020 was a uniquely challenging year, it was also a turning point for our industry and our company. We won more share in our fastest growing channels such as CTV and Audio, which helped drive record ad spend of $4.2 billion on our platform in 2020,” said Co-Founder and CEO of The Trade Desk, Jeff Green. “Perhaps just as important, in 2020 we saw several years of advertising disruption and innovation compressed into a few months. Marketers are being more deliberate and data-driven in everything they do, and as a result, they are gravitating to the advertising opportunities of the open internet. With CTV now offering a data-driven alternative to linear, with brands seeking a scalable and brand-safe alternative to user-generated content, and with new identity tools that provide a common currency for the open internet as well as enable better cross channel measurement, the industry is gravitating to the open internet and standardizing on our platform.”\n\nFourth Quarter and Full Year 2020 Financial Highlights:\n\nThe following table summarizes our consolidated financial results for the quarters and fiscal year ended December 31, 2020 and 2019 ($ in millions, except per share amounts):\n\n\n\n \n\n\n\n \n\n\n\nThree Months Ended\n\n\n\n \n\n\n\n \n\n\n\nYear Ended\n\n\n\n \n\n\n\n\n\n \n\n\n\n \n\n\n\nDecember 31,\n\n\n\n \n\n\n\n \n\n\n\nDecember 31,\n\n\n\n \n\n\n\n\n\n \n\n\n\n \n\n\n\n2020\n\n\n\n \n\n\n\n \n\n\n\n2019\n\n\n\n \n\n\n\n \n\n\n\n2020\n\n\n\n \n\n\n\n \n\n\n\n2019\n\n\n\n \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\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\nRevenue\n\n\n\n \n\n\n\n$\n\n\n\n319.9\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n215.9\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n836.0\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n661.1\n\n\n\n \n\n\n\n\n\nIncrease in revenue year over year\n\n\n\n \n\n\n\n \n\n\n\n48\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n35\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n26\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n39\n\n\n\n%\n\n\n\n\n\nNet Income\n\n\n\n \n\n\n\n$\n\n\n\n151.9\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n50.9\n\n\n\n \n\n\n\n \n\...

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