Press release
The Trade Desk Reports Third Quarter Financial Results
LOS ANGELES--(BUSINESS WIRE)-- The Trade Desk, Inc. (NASDAQ: TTD), a global technology company that empowers buyers of advertising, today announced financial
About this update from The Trade Desk, Inc.
[{"type":"text","content":" LOS ANGELES--(BUSINESS WIRE)--\nThe Trade Desk, Inc. (NASDAQ: TTD), a global technology company that empowers buyers of advertising, today announced financial results for its third quarter ended September 30, 2021.\n\n“We again delivered outstanding performance in the third quarter. Revenue growth of 39% significantly outpaced worldwide programmatic advertising growth. The world’s leading brands and agencies are increasingly using our platform to apply data-driven strategies to drive precision and value across their campaigns,” said Jeff Green, founder and CEO of The Trade Desk. “More data-driven choices by advertisers led to record third quarter revenue of $301.1 million and adjusted EBITDA of $122.7 million. With the launch of Solimar, we are working with the industry to pioneer even greater data-driven precision, whether it’s the application of shopper data in a measurement marketplace, surfacing the right data for every advertising impression, or new approaches to identity that help advertisers make the most of their own valuable data. As a result, we’re seeing growth across all channels, and none more so than Connected TV, as viewers shift to new digital, streaming services and advertisers apply data to TV ad campaigns for the first time.”\n\nThird Quarter 2021 Financial Highlights:\n\nThe following table summarizes our consolidated financial results for the three and nine months ended September 30, 2021 and 2020 ($ in millions, except per share amounts):\n\n\n\n \n\n\n\n\nThree Months Ended\n\n\n\n \n\n\n\nNine Months Ended\n\n\n\n\n\n \n\n\n\n\nSeptember 30,\n\n\n\n \n\n\n\nSeptember 30,\n\n\n\n\n\n \n\n\n\n\n2021\n\n\n\n \n\n\n\n2020\n\n\n\n \n\n\n\n2021\n\n\n\n \n\n\n\n2020\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\nRevenue\n\n\n\n\n$\n\n\n\n301.1\n\n\n\n \n\n\n\n\n$\n\n\n\n216.1\n\n\n\n \n\n\n\n\n$\n\n\n\n800.9\n\n\n\n \n\n\n\n\n$\n\n\n\n516.1\n\n\n\n \n\n\n\n\n\nIncrease in revenue year over year\n\n\n\n\n \n\n\n\n39\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\n55\n\n\n\n%\n\n\n\n\n \n\n\n\n16\n\n\n\n%\n\n\n\n\n\nNet Income\n\n\n\n\n$\n\n\n\n59.4\n\n\n\n \n\n\n\n\n$\n\n\n\n41.2\n\n\n\n \n\n\n\n\n$\n\n\n\n129.7\n\n\n\n \n\n\n\n\n$\n\n\n\n90.4\n\n\n\n \n\n\n\n\n\nDiluted EPS\n\n\n\n\n$\n\n\n\n0.12\n\n...