Reported Q: Q2 2024 Rev YoY: +25.9% EPS YoY: +152.2% Move: 0.00%
The Trade Desk Inc
TTD
$27.04 0.00%
Exchange NASDAQ Sector Technology Industry Software Application
Q2 2024
Published: Aug 8, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for TTD

Reported

Report Date

Aug 8, 2024

Quarter Q2 2024

Revenue

584.55M

YoY: +25.9%

EPS

0.17

YoY: +152.2%

Market Move

0.00%

Previous quarter: Q1 2024

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Earnings Highlights

  • Revenue of $584.55M up 25.9% year-over-year
  • EPS of $0.17 increased by 152.2% from previous year
  • Gross margin of 81.1%
  • Net income of 85.03M
  • ""Our growth rate significantly outpaced the rest of the digital marketing industry, just as it has every quarter for the last few years."" - Jeff Green (CEO)
TTD
The Trade Desk Inc

Executive Summary

The Trade Desk Inc (TTD) reported a robust second quarter of 2024 with revenue reaching $585 million, reflecting a 26% year-over-year increase, significantly outpacing industry averages. This growth can be attributed to the company's strong positioning in the fast-expanding Connected Television (CTV) segment and its innovative approaches to programmatic advertising. Management highlighted a stable digital advertising environment, which has fostered enhanced partnerships with major brands and agencies, especially in CTV and retail media. Notably, the company's innovative platform, Kokai, aims to enhance advertiser effectiveness through improved targeting and efficiency in ad spend, setting TTD apart from competitors. However, economic uncertainties and inflationary pressures continue to challenge broader market conditions. Investors should monitor TTD's ability to maintain its growth trajectory amidst these challenges and the evolving digital advertising landscape.

Key Performance Indicators

Revenue
Increasing
584.55M
QoQ: 18.99% | YoY: 25.91%
Gross Profit
Increasing
474.09M
81.10% margin
QoQ: 22.31% | YoY: 23.92%
Operating Income
Increasing
94.72M
QoQ: 230.53% | YoY: 127.29%
Net Income
Increasing
85.03M
QoQ: 168.57% | YoY: 158.14%
EPS
Increasing
0.17
QoQ: 162.35% | YoY: 152.23%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q4 2024 741.01 0.36 +22.3% View
Q3 2024 628.02 0.19 +27.3% View
Q2 2024 584.55 0.17 +25.9% View
Q1 2024 491.25 0.06 +28.3% View
Q4 2023 605.80 0.19 +23.5% View