Press release
The Trade Desk Reports Third 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 third quarter ended September 30, 2022.\n\n“Q3 was another strong quarter for The Trade Desk with 31% growth that significantly outpaced the market. This performance underlines the value of decisioned media buying on The Trade Desk as the world’s largest advertisers seek to maximize return on every campaign dollar,” said Jeff Green, founder and CEO of The Trade Desk. “Nowhere is this more apparent than in the rapidly growing market for Connected TV advertising, as more of the world’s leading CTV platforms partner with us to bring advertising demand to their inventory. Additionally, more of the world’s top retailers are working with us to help our clients unleash retail data to tie campaign activity to actual retail sales. In both CTV and retail data, we are helping our clients pioneer new approaches to identity that preserve the value of relevant advertising while improving consumer privacy.”\n\nThird Quarter 2022 Financial Highlights:\n\nThe following table summarizes our consolidated financial results for the three and nine months ended September 30, 2022 and 2021 ($ in millions, except per share amounts):\n\n\n\n \n\n\n\n\nThree Months Ended\nSeptember 30,\n\n\n\n \n\n\n\nNine Months Ended\nSeptember 30,\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$\n\n\n\n395\n\n\n\n \n\n\n\n\n$\n\n\n\n301\n\n\n\n \n\n\n\n\n$\n\n\n\n1,087\n\n\n\n \n\n\n\n\n$\n\n\n\n801\n\n\n\n \n\n\n\n\n\nIncrease in revenue year over year\n\n\n\n\n \n\n\n\n31\n\n\n\n%\n\n\n\n\n \n\n\n\n39\n\n\n\n%\n\n\n\n\n \n\n\n\n36\n\n\n\n%\n\n\n\n\n \n\n\n\n55\n\n\n\n%\n\n\n\n\n\nNet income (loss)\n\n\n\n\n$\n\n\n\n16\n\n\n\n \n\n\n\n\n$\n\n\n\n59\n\n\n\n \n\n\n\n\n$\n\n\n\n(18\n\n\n\n)\n\n\n\n\n$\n\n\n\n130\n\n\n\n \n\n\n\n\n\nGAAP diluted earnings (loss) per share\n\n\n\n\n$\n\n\n\n0.03\n\n\n\n \n\n\n\n\n$\n\n\n\n0.12\n\n\n\n \n\n\n\n\n$\n\n\n\n(0.04\n\n\n\n)\n\n\n\n\n$\n\n\n\n0.26\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\nAdjusted EBITDA\n\n\n\n...