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The Trade Desk Exceeds Q2 Expectations with $585M Revenue, $0.39 EPS, Shares Rise 5% AH

Aug 8, 2024, 08:10 PM

The Trade Desk Inc. reported strong financial results for the second quarter of 2024, surpassing market expectations. The company achieved a revenue of $585 million, representing a 26% year-over-year growth, and a GAAP diluted earnings per share of $0.17. Adjusted earnings per share were reported at $0.39, exceeding the expected $0.35. The company's adjusted EBITDA rose to $242 million, marking a significant increase from $180 million in the previous year, with an adjusted EBITDA margin of 41%. The Trade Desk's CEO, Jeff Green, highlighted the robust performance and expressed optimism for the future. The company's stock rose by 5% after hours. Net income for the quarter was $85 million. Looking ahead, the company has provided strong guidance for the third quarter, with projected revenue of at least $618 million and an adjusted EBITDA of $248 million.