NASDAQ$TTD
Trade Desk Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
The Trade Desk outperformed digital advertising in Q4 2023, driven by growth in CTV and retail media, as well as the adoption of new tools.
The Trade Desk reported strong Q4 2023 financial results, with revenue reaching $606 million, a 23% increase year-over-year. The company's success was attributed to the growing value advertisers place on the open internet and the adoption of channels like CTV and retail media. The Trade Desk continues to innovate with platforms like Kokai and support industry-wide identity solutions like UID2.
- Revenue reached $606 million, representing a 23% increase year-over-year.
- Net income was reported at $97 million, compared to $71 million in the same quarter of the previous year.
- Non-GAAP diluted earnings per share (EPS) reached $0.41, up from $0.38 in Q4 2022.
- The company highlighted continued share gains and strong customer retention, remaining over 95%.
Headline financials
Revenue & EPS history
Trade Desk · Revenue · Quarterly
$606M
Forward guidance
For the first quarter of 2024, The Trade Desk anticipates revenue of at least $478 million and adjusted EBITDA of approximately $130 million.
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 Q4 2023
+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
| Quarter | Report date | Reaction (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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