The Trade Desk, Inc. (TTD) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

please refer to the risk factors mentioned in our press release and our most recent SEC filings. In addition to our GAAP financial results, we present supplemental non-GAAP financial data. A reconciliation of the GAAP to non-GAAP measures is available in our earnings press release. We believe that presenting these non-GAAP measures alongside our GAAP results offers a more comprehensive view of the company's I will now turn the call over to co-founder and CEO Jeff Green. Jeff? Thanks, Chris. Thank you for joining us today. As many of you know, in Q4, we experienced the setback as we undertook the most significant company upgrade in our 16-year history. I won't revisit the details today, but as company scale and complexity increases, changes and upgrades become necessary to unlock the next wave of growth. That's exactly what we did. And now we are beginning to see encouraging signs that the changes we made were the right ones. As you've seen from the press release, despite increasing economic uncertainty, we showed incredible resilience, growing revenue 25% year over year, far surpassing our own expectations. We continue to grow at a rate significantly higher than the broad digital marketing industry and gain market share. As you know, we have a long history of setting goals and hitting them. We're happy to report that we did it again. We also have a long history of growing faster than all of the other scaled players in our industry. And we did that again too. Today I want to focus on just three topics. First, the macro environment. Second, the open internet and some of the significant changes and market shifts that have happened recently. And third, all of the upgrades we've made at TTD, including the latest updates to COCAI. First, the macro environment. As I mention...