The earnings call reflects a mix of significant achievements and challenges. The Trade Desk reported record revenue growth and strategic advancements in CTV and international markets. However, it also faced a historical shortfall in meeting financial expectations due to execution missteps and increased expenses, creating a balanced outlook with both positive and negative elements.

Company Guidance

During The Trade Desk's Q4 2024 earnings call, the company reported record achievements for the year, with total platform spend exceeding $12 billion and revenue surpassing $2.4 billion, reflecting a 26% year-over-year growth. Despite generating over $1 billion in adjusted EBITDA and more than $600 million in free cash flow, the company acknowledged missing its guidance for the first time in 33 quarters due to execution missteps. In response, The Trade Desk implemented significant organizational changes, including a major reorganization and refocusing on internal effectiveness, to better align with the growing market opportunities. For Q1 2025, they anticipate revenue of at least $575 million, representing a 17% year-over-year increase, and expect adjusted EBITDA to be around $145 million. The company remains optimistic about continued strong growth, with strategic investments planned to capitalize on the expanding digital advertising landscape.

Record-Breaking Year for The Trade Desk

Total spend on the platform exceeded $12 billion, with revenue surpassing $2.4 billion, marking a 26% year-over-year growth. Adjusted EBITDA was over $1 billion, and free cash flow exceeded $600 million.

Strong CTV Growth

CTV advertising saw outsized growth and remains a small fraction of total TV ad spend relative to linear, indicating significant future potential.

Expansion of Joint Business Plans

Joint Business Plans with brands and agencies grew 50% faster than the rest of the business, showcasing the company's strategic partnerships.

International Growth

International growth outpaced North America for the eighth consecutive quarter, with CTV growth particularly strong across international regions.

AI and Kokai Enhancements

Increased focus on AI investments and transitioning clients from Solimar to Kokai, promising enhanced performance and capabilities.

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Trade Desk (TTD) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TTD Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 07, 2025	2025 (Q1)	0.25 / -	0.26	―	―	―
Feb 12, 2025	2024 (Q4)	0.57 / 0.59	0.41	43.90% (+0.18)
Nov 07, 2024	2024 (Q3)	0.40 / 0.41	0.33	24.24% (+0.08)
Aug 08, 2024	2024 (Q2)	0.36 / 0.39	0.28	39.29% (+0.11)
May 08, 2024	2024 (Q1)	0.22 / 0.26	0.23	13.04% (+0.03)
Feb 15, 2024	2023 (Q4)	0.41 / 0.41	0.38	7.89% (+0.03)
Nov 09, 2023	2023 (Q3)	0.29 / 0.33	0.26	26.92% (+0.07)
Aug 09, 2023	2023 (Q2)	0.26 / 0.28	0.2	40.00% (+0.08)
May 10, 2023	2023 (Q1)	0.13 / 0.23	0.21	9.52% (+0.02)
Feb 15, 2023	2022 (Q4)	0.35 / 0.38	0.42	-9.52% (-0.04)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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TTD Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 12, 2025	$122.23	$81.92	-32.98%
Nov 07, 2024	$132.53	$125.13	-5.58%
Aug 08, 2024	$88.27	$99.30	+12.50%
May 08, 2024	$86.02	$88.67	+3.08%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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