Summary by Moomoo AI
The Trade Desk reported strong Q3 2024 financial results with revenue reaching $628 million, up 27% YoY, and net income of $94 million representing a 15% margin. The company's Adjusted EBITDA was $257 million with a 41% margin, while non-GAAP earnings per share reached $0.41.The company maintained its strong customer retention rate above 95% for the tenth consecutive year. Significant progress was made in Connected TV (CTV) partnerships, with major media companies adopting programmatic advertising solutions. The company also saw momentum in retail media and positive response to its Kokai platform upgrade.Looking ahead, The Trade Desk provided Q4 2024 guidance with expected revenue of at least $756 million and Adjusted EBITDA of approximately $363 million. The company continued its share repurchase program, buying back $54 million of Class A common stock in Q3, with $521 million still available for future repurchases.
