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The Trade Desk | 10-Q: Q3 2024 Earnings Report

The Trade Desk | 10-Q: Q3 2024 Earnings Report

The Trade Desk | 10-Q:2024財年三季報
美股SEC公告 ·  2024/11/08 06:14

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The Trade Desk reported strong Q3 2024 financial results with revenue increasing 27% year-over-year to $628 million, driven by higher gross spend on its platform from new clients and increased campaign activity. Net income more than doubled to $94.2 million from $39.4 million in Q3 2023, while operating income grew significantly to $108.5 million.Platform operations and sales/marketing expenses rose due to increased hosting costs and personnel investments to support growth. The company maintained strong cost discipline with total operating expenses at 83% of revenue, down from 92% last year. Cash and investments totaled $1.73 billion as of September 30, with $442 million available under its credit facility.Management highlighted continued momentum in CTV advertising and international expansion. The company repurchased 0.5 million shares for $54 million during Q3 as part of its ongoing $700 million share repurchase program. Looking ahead, The Trade Desk remains focused on platform innovation and expanding its global presence while maintaining operational efficiency.
The Trade Desk reported strong Q3 2024 financial results with revenue increasing 27% year-over-year to $628 million, driven by higher gross spend on its platform from new clients and increased campaign activity. Net income more than doubled to $94.2 million from $39.4 million in Q3 2023, while operating income grew significantly to $108.5 million.Platform operations and sales/marketing expenses rose due to increased hosting costs and personnel investments to support growth. The company maintained strong cost discipline with total operating expenses at 83% of revenue, down from 92% last year. Cash and investments totaled $1.73 billion as of September 30, with $442 million available under its credit facility.Management highlighted continued momentum in CTV advertising and international expansion. The company repurchased 0.5 million shares for $54 million during Q3 as part of its ongoing $700 million share repurchase program. Looking ahead, The Trade Desk remains focused on platform innovation and expanding its global presence while maintaining operational efficiency.
The Trade Desk公佈了2024年第三季度的強勁財務業績,營業收入同比增長27%,達到62800萬,主要得益於新客戶在其平台上的更高支出和增加的活動。凈利潤從2023年第三季度的3940萬增長到9420萬,翻了一番多,而營業收入顯著增長至10850萬。由於增加了託管成本和人員投資以支持增長,平台運營和銷售/營銷費用上升。公司保持了良好的成本控制,總營業費用佔營業收入的83%,低於去年的92%。截至9月30日,現金和投資總額爲17.3億,有44200萬可通過信貸設施支取。管理層強調了CTV廣告和國際擴展的持續勢頭。公司在第三季度回購了50萬股,花費5400萬,作爲其繼續進行的70000萬股回購計劃的一部分。展望未來,The Trade Desk將繼續專注於平台創新和擴展其全球業務,同時保持運營效率。
The Trade Desk公佈了2024年第三季度的強勁財務業績,營業收入同比增長27%,達到62800萬,主要得益於新客戶在其平台上的更高支出和增加的活動。凈利潤從2023年第三季度的3940萬增長到9420萬,翻了一番多,而營業收入顯著增長至10850萬。由於增加了託管成本和人員投資以支持增長,平台運營和銷售/營銷費用上升。公司保持了良好的成本控制,總營業費用佔營業收入的83%,低於去年的92%。截至9月30日,現金和投資總額爲17.3億,有44200萬可通過信貸設施支取。管理層強調了CTV廣告和國際擴展的持續勢頭。公司在第三季度回購了50萬股,花費5400萬,作爲其繼續進行的70000萬股回購計劃的一部分。展望未來,The Trade Desk將繼續專注於平台創新和擴展其全球業務,同時保持運營效率。
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