NASDAQ$TTD

Trade Desk Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

The Trade Desk reported revenue growth of 39%, significantly outpacing worldwide programmatic advertising growth.

The Trade Desk reported a strong third quarter with revenue of $301.1 million and adjusted EBITDA of $122.7 million. The company's revenue growth significantly outpaced worldwide programmatic advertising growth, driven by increased adoption of its platform by leading brands and agencies.

  • Revenue increased by 39% year-over-year, reaching $301.1 million.
  • Adjusted EBITDA was $122.7 million, with an adjusted EBITDA margin of 41%.
  • Customer retention remained above 95% during the quarter.
  • The company launched its new trading platform, Solimar, enhancing data-driven precision for advertisers.

Headline financials

Total Revenue

$301M

Previous: $216M+39.3%
EPS (adj)

$0.18

Previous: $0.13+38.5%
Capital Expenditures

-$43.9M

Previous: -$57.7M+23.9%
Free Cash Flow

$15.5M

Previous: -$16.5M+193.9%
Net Income

$59.4M

Previous: $41.2M+44.0%
Operating Income

$80.4M

Previous: $42.8M+88.0%
Gross Profit

$248M

Previous: $171M+44.6%
Cash & Equivalents

$577M

Previous: $434M+32.8%
Total Assets

$2.99B

Previous: $2.14B+39.8%
Stock-Based Comp

$34.5M

Previous: $26.9M+28.3%

Revenue & EPS history

Trade Desk · Revenue · Quarterly

$301M

Q3 2021+39.3%vs Q3 2020
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Forward guidance

The company estimates revenue of at least $388 million and adjusted EBITDA of approximately $175 million for the fourth quarter of 2021, assuming continued economic recovery and no major COVID-19 related setbacks.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2021

Historical avgQ3 2021

+7.6%

Avg return

Earnings day

+7.0%

Avg return

5 days after

+8.9%

Avg return

30 days after

69%

29 / 42 earnings

Positive

+46.8%

Q1 2018

Best reaction

-33.0%

Q4 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-17.0%-12.2%-16.9%
Q4 2025+12.0%-0.6%-15.4%
Q3 2025-3.2%-4.6%-12.7%
Q1 2025+18.7%+32.1%+19.3%
Q4 2024-33.0%-34.5%-55.9%
Q3 2024+0.3%+5.1%+11.5%
Q2 2024+16.9%+15.8%+18.1%
Q1 2024-1.1%-2.4%+5.1%
Q4 2023+19.7%+11.1%+3.2%
Q3 2023-18.8%-14.2%-10.4%
Q2 2023-9.6%-11.8%-1.7%
Q1 2023+0.6%-0.2%+16.3%
Q4 2022+26.3%+20.8%+17.2%
Q3 2022+9.5%+10.1%+10.2%
Q2 2022+35.1%+35.5%+17.1%
Q1 2022-3.7%+15.4%+16.7%
Q4 2021-1.4%-3.1%-14.5%
Q3 2021+41.6%+46.4%+42.8%
Q2 2021+4.2%-3.7%-14.0%
Q1 2021-22.2%-21.8%-11.5%
Q4 2020+7.0%-6.3%-13.2%
Q3 2020+29.6%+11.8%+42.9%
Q2 2020-0.6%-10.1%-11.0%
Q1 2020+1.1%-0.5%+13.5%
Q4 2019+7.6%+4.0%-25.2%
Q3 2019+0.6%+15.1%+27.2%
Q2 2019+5.7%+2.9%-9.4%
Q1 2019-17.4%-16.6%+10.3%
Q4 2018+31.7%+30.3%+35.2%
Q3 2018-7.1%-15.0%+1.3%
Q2 2018+39.9%+45.6%+55.4%
Q1 2018+46.8%+55.7%+72.0%
Q4 2017+20.3%+11.5%+7.1%
Q3 2017-17.3%-23.7%-26.6%
Q2 2017+0.9%-5.5%+4.1%
Q1 2016+29.4%+30.3%+28.2%
Q1 2017+29.4%+30.3%+28.2%
Q2 2016+2.2%+10.5%+24.8%
Q4 2016+2.2%+10.5%+24.8%
Q3 2016+10.9%+10.0%+19.7%
Q4 2015+10.9%+10.0%+19.7%
Q3 2015+10.9%+10.0%+19.7%
Q2 2015
Q1 2015

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