Press release
The Trade Desk Reports Fourth Quarter and Fiscal Year 2022 Financial Results; Announces $700 Million Share Repurchase Program
Q4 revenue grew 24% year over year to $491 million. 2022 revenue increased 32% year over year to $1,578 million. The Trade Desk also announced its board of
About this update from The Trade Desk, Inc.
[{"type":"text","content":"\nQ4 revenue grew 24% year over year to $491 million. 2022 revenue increased 32% year over year to $1,578 million.\n\nThe Trade Desk also announced its board of directors' authorization to repurchase up to $700 million of its Class A common stock.\n\n LOS ANGELES--(BUSINESS WIRE)--\nThe Trade Desk, Inc. (“The Trade Desk” or the “Company”) (NASDAQ: TTD), a provider of a global technology platform for buyers of advertising, today announced financial results for its fourth quarter and fiscal year ended December 31, 2022.\n\n“The Trade Desk outpaced nearly all areas of digital advertising in 2022, with 32% revenue growth year over year, and a record $491 million of revenue in the fourth quarter alone. This performance was underscored by significant profitability and cash flow. In an unpredictable macro environment, our growing relationships with agencies and brands is testament to the value of the open internet over the limitations of walled gardens,” said Jeff Green, founder and CEO of The Trade Desk. “More of the world’s leading advertisers are gravitating to fast-growing channels such as Connected TV (CTV) and retail media, which offer premium value at scale. They are leveraging new identity tools, such as UID2, which allow them to make the most of their first-party data in a privacy-safe manner. These trends will accelerate in 2023 and we will continue to invest in our platform to help advertisers drive maximum value from these opportunities.”\n\nFourth Quarter and Full Year 2022 Financial Highlights:\n\nThe following table summarizes the Company’s consolidated financial results for the quarters and fiscal years ended December 31, 2022 and 2021 ($ in millions, except per share amounts):\n\n\n\n \n\n\n\n\nThree Months Ended\nDecember 31,\n\n\n\n \n\n\n\nYear Ended\nDecember 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\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\nRevenue\n\n\n\n\n$\n\n\n\n491\n\n\n\n \n\n\n\n\n$\n\n\n\n396\n\n\n\n \n\n\n\n\n$\n\n\n\n1,578\n\n\n\n \n\n\n\n\n$\n\n\n\n1,196\n\n\n\n \n\n\n\n\n\nIncrease in revenue year over year\n\n\n\n\n \n\n\n\n24\n\n\n\n%\n\n\n\n\n \n\n\n\n24\n\n\n\n%\n\n\n\n\n \n\n\n\n32\n\n\n\n%\n\n\n\n\n \n\n\n\n43\n\n\n\n%\n\n\n\n\n\nNet income\n\n\n\n\n$\n\n\n\n71\n\n\n\n \n\n\n\n\n$\n\n\n\n8\n\n\n\n \n\n\n\n\n$...