The Trade Desk Key Executives
This section highlights The Trade Desk's key executives, including their titles and compensation details.
Find Contacts at The Trade Desk
( total contacts)
The Trade Desk Earnings
This section highlights The Trade Desk's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q1 | 2025 | 2025-05-08 | $0.25 | $0.33 |
| Read Transcript | Q4 | 2024 | 2025-02-12 | $0.57 | $0.59 |
| Read Transcript | Q3 | 2024 | 2024-11-07 | $0.39 | $0.41 |
| Read Transcript | Q2 | 2024 | 2024-08-08 | $0.36 | $0.39 |
| Read Transcript | Q1 | 2024 | 2024-05-08 | $0.22 | $0.26 |
| Read Transcript | Q4 | 2023 | 2024-02-15 | $0.41 | $0.41 |
| Read Transcript | Q3 | 2023 | 2023-11-09 | $0.29 | $0.33 |
| Read Transcript | Q2 | 2023 | 2023-08-10 | N/A | N/A |
| Read Transcript | Q1 | 2023 | 2023-05-10 | $0.13 | $0.23 |
Financial Statements
Access annual & quarterly financial statements for The Trade Desk, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Revenue | $2.44B | $1.95B | $1.58B | $1.20B | $836.03M |
| Cost of Revenue | $472.01M | $365.60M | $281.12M | $221.55M | $178.81M |
| Gross Profit | $1.97B | $1.58B | $1.30B | $974.91M | $657.22M |
| Gross Profit Ratio | 80.69% | 81.21% | 82.18% | 81.48% | 78.61% |
| Research and Development Expenses | $463.32M | $411.79M | $319.88M | $226.14M | $166.65M |
| General and Administrative Expenses | $535.82M | $520.28M | $525.17M | $374.66M | $171.62M |
| Selling and Marketing Expenses | $546.52M | $447.97M | $337.98M | $249.30M | $174.74M |
| Selling General and Administrative Expenses | $1.08B | $968.25M | $863.14M | $623.96M | $346.36M |
| Other Expenses | $- | $- | $13.72M | $-2.78M | $-305.00K |
| Operating Expenses | $1.55B | $1.38B | $1.18B | $850.10M | $513.01M |
| Cost and Expenses | $2.02B | $1.75B | $1.46B | $1.07B | $691.83M |
| Interest Income | $78.84M | $- | $12.76M | $1.03M | $656.00K |
| Interest Expense | $- | $- | $12.76M | $1.03M | $- |
| Depreciation and Amortization | $87.49M | $80.42M | $54.42M | $82.53M | $61.90M |
| EBITDA | $514.66M | $280.90M | $168.08M | $124.82M | $144.21M |
| EBITDA Ratio | 21.05% | 14.43% | 10.65% | 10.43% | 17.25% |
| Operating Income | $427.17M | $200.48M | $113.65M | $124.82M | $144.21M |
| Operating Income Ratio | 17.47% | 10.30% | 7.20% | 10.43% | 17.25% |
| Total Other Income Expenses Net | $80.14M | $67.52M | $13.72M | $-2.78M | $-305.00K |
| Income Before Tax | $507.30M | $268.00M | $127.37M | $122.04M | $143.90M |
| Income Before Tax Ratio | 20.75% | 13.77% | 8.07% | 10.20% | 17.21% |
| Income Tax Expense | $114.23M | $89.06M | $73.98M | $-15.73M | $-98.41M |
| Net Income | $393.08M | $178.94M | $53.38M | $137.76M | $242.32M |
| Net Income Ratio | 16.08% | 9.19% | 3.38% | 11.51% | 28.98% |
| EPS | $0.80 | $0.37 | $0.11 | $0.29 | $0.52 |
| EPS Diluted | $0.78 | $0.36 | $0.11 | $0.28 | $0.49 |
| Weighted Average Shares Outstanding | 490.88M | 489.26M | 486.94M | 476.85M | 462.87M |
| Weighted Average Shares Outstanding Diluted | 501.92M | 500.18M | 499.93M | 498.54M | 489.88M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | March 31, 2025 | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $616.02M | $741.01M | $628.02M | $584.55M | $491.25M | $605.80M | $493.27M | $464.25M | $382.80M | $490.74M | $394.77M | $376.96M | $315.32M | $395.60M | $301.09M | $279.97M | $219.81M | $319.90M | $216.11M | $139.35M |
| Cost of Revenue | $142.84M | $135.27M | $122.66M | $110.46M | $103.63M | $100.69M | $93.38M | $81.69M | $84.87M | $79.62M | $70.12M | $67.49M | $63.89M | $66.84M | $53.40M | $50.81M | $50.50M | $51.65M | $44.83M | $42.13M |
| Gross Profit | $473.18M | $605.75M | $505.36M | $474.09M | $387.62M | $505.10M | $399.88M | $382.57M | $297.94M | $411.12M | $324.65M | $309.47M | $251.43M | $328.75M | $247.69M | $229.16M | $169.31M | $268.26M | $171.29M | $97.22M |
| Gross Profit Ratio | 76.81% | 81.75% | 80.47% | 81.10% | 78.90% | 83.38% | 81.07% | 82.40% | 77.83% | 83.78% | 82.24% | 82.10% | 79.74% | 83.10% | 82.26% | 81.85% | 77.03% | 83.86% | 79.26% | 69.77% |
| Research and Development Expenses | $132.40M | $127.89M | $117.70M | $110.03M | $107.69M | $102.00M | $117.77M | $98.31M | $93.71M | $84.48M | $79.92M | $83.48M | $72.00M | $62.84M | $55.85M | $53.54M | $53.92M | $48.72M | $41.08M | $40.06M |
| General and Administrative Expenses | $133.59M | $131.91M | $138.88M | $135.47M | $129.56M | $131.87M | $131.97M | $149.90M | $130.31M | $133.65M | $130.89M | $134.83M | $125.80M | $218.78M | $52.12M | $51.92M | $51.84M | $54.37M | $42.79M | $35.87M |
| Selling and Marketing Expenses | $152.74M | $150.63M | $140.30M | $133.87M | $121.72M | $126.79M | $112.47M | $92.69M | $97.22M | $92.83M | $85.04M | $89.42M | $70.69M | $72.50M | $59.28M | $61.76M | $55.76M | $58.74M | $44.64M | $37.07M |
| Selling General and Administrative Expenses | $286.33M | $282.54M | $279.17M | $269.34M | $251.28M | $258.66M | $244.44M | $242.59M | $227.53M | $226.48M | $215.93M | $224.25M | $196.49M | $291.28M | $111.40M | $113.67M | $107.61M | $113.11M | $87.43M | $72.94M |
| Other Expenses | $- | $- | $- | $- | $- | $-13.70M | $- | $- | $- | $- | $- | $- | $-281.00K | $-1.22M | $- | $- | $- | $529.00K | $-223.00K | $-194.00K |
| Operating Expenses | $418.73M | $410.44M | $396.88M | $379.37M | $358.97M | $360.66M | $362.21M | $340.89M | $321.24M | $310.96M | $295.85M | $307.73M | $268.49M | $354.11M | $167.25M | $167.21M | $161.53M | $161.83M | $128.50M | $112.99M |
| Cost and Expenses | $561.57M | $545.70M | $519.53M | $489.83M | $462.60M | $461.36M | $455.59M | $422.58M | $406.11M | $390.58M | $365.97M | $375.22M | $332.38M | $420.96M | $220.65M | $218.02M | $212.03M | $213.47M | $173.33M | $155.13M |
| Interest Income | $- | $24.96M | $19.41M | $17.82M | $- | $18.95M | $17.63M | $17.51M | $- | $- | $1.74M | $- | $- | $- | $- | $- | $- | $- | $- | $262.00K |
| Interest Expense | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $1.74M | $656.00K | $1.08M | $1.03M | $317.00K | $194.00K | $45.00K | $1.09M | $235.00K | $104.00K |
| Depreciation and Amortization | $- | $24.11M | $- | $20.88M | $21.74M | $20.53M | $32.88M | $32.47M | $19.29M | $16.84M | $24.17M | $23.10M | $22.86M | $22.65M | $19.31M | $21.11M | $19.46M | $7.86M | $7.52M | $6.78M |
| EBITDA | $54.45M | $219.42M | $108.48M | $115.60M | $50.40M | $164.97M | $37.68M | $61.74M | $-4.01M | $117.00M | $28.80M | $1.74M | $-4.70M | $-13.11M | $80.45M | $61.95M | $7.78M | $124.12M | $50.30M | $-8.99M |
| EBITDA Ratio | 8.84% | 29.61% | 17.27% | 19.78% | 10.26% | 27.23% | 7.64% | 13.30% | -1.05% | 23.84% | 7.30% | 0.46% | -1.49% | -3.31% | 26.72% | 22.13% | 3.54% | 38.80% | 23.27% | -6.45% |
| Operating Income | $54.45M | $195.31M | $108.48M | $94.72M | $28.66M | $144.44M | $37.68M | $41.67M | $-23.31M | $100.16M | $28.80M | $1.74M | $-17.05M | $-25.36M | $80.45M | $61.95M | $7.78M | $106.43M | $42.78M | $-15.77M |
| Operating Income Ratio | 8.84% | 26.36% | 17.27% | 16.20% | 5.83% | 23.84% | 7.64% | 8.98% | -6.09% | 20.41% | 7.30% | 0.46% | -5.41% | -6.41% | 26.72% | 22.13% | 3.54% | 33.27% | 19.80% | -11.32% |
| Total Other Income Expenses Net | $21.32M | $26.29M | $18.70M | $17.77M | $17.38M | $16.24M | $19.32M | $18.25M | $13.70M | $11.96M | $1.70M | $339.00K | $-281.00K | $-1.22M | $-1.47M | $-398.00K | $308.00K | $529.00K | $-223.00K | $-194.00K |
| Income Before Tax | $75.77M | $221.60M | $127.18M | $112.49M | $46.03M | $160.68M | $57.00M | $59.93M | $-9.61M | $112.12M | $30.50M | $2.08M | $-17.33M | $-26.58M | $78.98M | $61.55M | $8.09M | $106.96M | $42.56M | $-15.97M |
| Income Before Tax Ratio | 12.30% | 29.90% | 20.25% | 19.24% | 9.37% | 26.52% | 11.56% | 12.91% | -2.51% | 22.85% | 7.73% | 0.55% | -5.50% | -6.72% | 26.23% | 21.98% | 3.68% | 33.44% | 19.69% | -11.46% |
| Income Tax Expense | $25.09M | $39.37M | $33.02M | $27.46M | $14.37M | $63.35M | $17.65M | $26.99M | $-18.93M | $40.93M | $14.63M | $21.16M | $-2.74M | $-34.62M | $19.59M | $13.85M | $-14.55M | $-44.94M | $1.31M | $-41.08M |
| Net Income | $50.68M | $182.23M | $94.16M | $85.03M | $31.66M | $97.32M | $39.35M | $32.94M | $9.33M | $71.19M | $15.87M | $-19.07M | $-14.60M | $8.04M | $59.38M | $47.70M | $22.64M | $151.90M | $41.25M | $25.11M |
| Net Income Ratio | 8.23% | 24.59% | 14.99% | 14.55% | 6.44% | 16.07% | 7.98% | 7.10% | 2.44% | 14.51% | 4.02% | -5.06% | -4.63% | 2.03% | 19.72% | 17.04% | 10.30% | 47.48% | 19.09% | 18.02% |
| EPS | $0.10 | $0.37 | $0.19 | $0.17 | $0.06 | $0.20 | $0.08 | $0.07 | $0.02 | $0.15 | $0.03 | $-0.04 | $-0.03 | $0.02 | $0.12 | $0.10 | $0.05 | $0.32 | $0.09 | $0.05 |
| EPS Diluted | $0.10 | $0.36 | $0.19 | $0.17 | $0.06 | $0.19 | $0.08 | $0.07 | $0.02 | $0.14 | $0.03 | $-0.04 | $-0.03 | $0.02 | $0.12 | $0.10 | $0.05 | $0.31 | $0.08 | $0.05 |
| Weighted Average Shares Outstanding | 494.93M | 493.96M | 491.61M | 489.35M | 488.55M | 489.45M | 489.45M | 488.43M | 489.71M | 489.22M | 487.96M | 476.82M | 484.19M | 480.87M | 478.10M | 475.51M | 472.82M | 469.17M | 465.82M | 461.36M |
| Weighted Average Shares Outstanding Diluted | 502.94M | 506.84M | 502.56M | 500.04M | 498.19M | 499.68M | 501.88M | 499.35M | 499.80M | 500.43M | 500.30M | 486.31M | 484.19M | 500.31M | 498.91M | 496.99M | 497.92M | 497.54M | 492.21M | 486.54M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $1.37B | $895.13M | $1.03B | $754.15M | $437.35M |
| Short Term Investments | $552.03M | $485.16M | $416.08M | $204.62M | $186.69M |
| Cash and Short Term Investments | $1.92B | $1.38B | $1.45B | $958.78M | $624.04M |
| Net Receivables | $3.33B | $2.87B | $2.35B | $2.02B | $1.58B |
| Inventory | $- | $- | $- | $- | $- |
| Other Current Assets | $84.63M | $63.35M | $51.84M | $224.30M | $204.34M |
| Total Current Assets | $5.34B | $4.31B | $3.85B | $3.09B | $2.31B |
| Property Plant Equipment Net | $473.09M | $359.15M | $394.15M | $369.95M | $364.01M |
| Goodwill | $- | $- | $- | $- | $- |
| Intangible Assets | $14.62M | $16.90M | $18.54M | $14.33M | $11.51M |
| Goodwill and Intangible Assets | $14.62M | $16.90M | $18.54M | $14.33M | $11.51M |
| Long Term Investments | $- | $- | $- | $-14.33M | $-11.51M |
| Tax Assets | $230.21M | $154.85M | $94.03M | $68.24M | $50.17M |
| Other Non-Current Assets | $57.56M | $43.83M | $28.34M | $47.50M | $29.15M |
| Total Non-Current Assets | $775.49M | $574.73M | $535.06M | $485.69M | $443.33M |
| Other Assets | $- | $- | $- | $- | $- |
| Total Assets | $6.11B | $4.89B | $4.38B | $3.58B | $2.75B |
| Account Payables | $2.63B | $2.32B | $1.87B | $1.66B | $1.35B |
| Short Term Debt | $64.49M | $55.52M | $104.86M | $92.30M | $75.74M |
| Tax Payables | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $94.03M | $- | $- |
| Other Current Liabilities | $177.76M | $138.00M | $53.04M | $55.32M | $50.47M |
| Total Current Liabilities | $2.87B | $2.51B | $2.03B | $1.80B | $1.47B |
| Long Term Debt | $247.72M | $180.37M | $208.53M | $238.45M | $254.56M |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $41.62M | $33.26M | $27.49M | $8.28M | $11.26M |
| Total Non-Current Liabilities | $289.34M | $213.63M | $236.02M | $246.73M | $265.82M |
| Other Liabilities | $- | $- | $- | $- | $- |
| Total Liabilities | $3.16B | $2.72B | $2.27B | $2.05B | $1.74B |
| Preferred Stock | $- | $- | $- | $- | $- |
| Common Stock | $- | $- | $- | $- | $- |
| Retained Earnings | $354.25M | $196.95M | $665.51M | $612.13M | $474.37M |
| Accumulated Other Comprehensive Income Loss | $- | $-0 | $-0 | $- | $-0 |
| Other Total Stockholders Equity | $2.59B | $1.97B | $1.45B | $915.18M | $538.78M |
| Total Stockholders Equity | $2.95B | $2.16B | $2.12B | $1.53B | $1.01B |
| Total Equity | $2.95B | $2.16B | $2.12B | $1.53B | $1.01B |
| Total Liabilities and Stockholders Equity | $6.11B | $4.89B | $4.38B | $3.58B | $2.75B |
| Minority Interest | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $6.11B | $4.89B | $4.38B | $3.58B | $2.75B |
| Total Investments | $552.03M | $485.16M | $416.08M | $204.62M | $186.69M |
| Total Debt | $312.21M | $235.89M | $260.96M | $284.60M | $292.43M |
| Net Debt | $-1.06B | $-659.24M | $-769.55M | $-469.56M | $-144.92M |
Balance Sheet Charts
| Breakdown | March 31, 2025 | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $1.12B | $1.37B | $1.22B | $1.01B | $918.20M | $895.13M | $1.07B | $965.83M | $892.70M | $1.03B | $994.66M | $932.68M | $844.22M | $754.15M | $576.92M | $476.91M | $471.64M | $437.35M | $434.37M | $426.34M |
| Short Term Investments | $621.83M | $552.03M | $510.29M | $497.17M | $501.36M | $485.16M | $450.12M | $465.11M | $437.73M | $416.08M | $326.75M | $280.46M | $260.35M | $204.62M | $221.69M | $228.15M | $208.45M | $186.69M | $122.91M | $128.97M |
| Cash and Short Term Investments | $1.74B | $1.92B | $1.73B | $1.51B | $1.42B | $1.38B | $1.52B | $1.43B | $1.33B | $1.45B | $1.32B | $1.21B | $1.10B | $958.78M | $798.60M | $705.06M | $680.08M | $624.04M | $557.28M | $555.32M |
| Net Receivables | $3.05B | $3.33B | $2.99B | $2.91B | $2.62B | $2.87B | $2.43B | $2.35B | $2.09B | $2.35B | $2.03B | $1.90B | $1.76B | $2.02B | $1.62B | $1.53B | $1.37B | $1.58B | $1.14B | $869.06M |
| Inventory | $- | $- | $- | $-110.78M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Current Assets | $64.04M | $84.63M | $117.22M | $110.78M | $57.58M | $63.35M | $57.88M | $54.75M | $59.10M | $51.84M | $134.07M | $161.06M | $179.57M | $224.30M | $185.11M | $229.12M | $242.80M | $204.34M | $117.69M | $134.87M |
| Total Current Assets | $4.86B | $5.34B | $4.84B | $4.52B | $4.10B | $4.31B | $4.01B | $3.83B | $3.48B | $3.85B | $3.42B | $3.20B | $2.96B | $3.09B | $2.52B | $2.35B | $2.17B | $2.31B | $1.76B | $1.49B |
| Property Plant Equipment Net | $530.06M | $473.09M | $440.40M | $421.32M | $352.41M | $359.15M | $361.45M | $371.89M | $382.50M | $394.15M | $397.00M | $364.59M | $359.63M | $369.95M | $379.85M | $370.48M | $353.83M | $364.01M | $314.03M | $299.99M |
| Goodwill | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $14.62M | $- | $- | $- | $16.90M | $- | $- | $- | $18.54M | $- | $- | $- | $14.33M | $- | $- | $- | $11.51M | $- | $- |
| Goodwill and Intangible Assets | $- | $14.62M | $- | $- | $- | $16.90M | $- | $- | $- | $18.54M | $- | $- | $- | $14.33M | $- | $- | $- | $11.51M | $- | $- |
| Long Term Investments | $- | $- | $- | $- | $- | $-16.90M | $- | $- | $- | $- | $- | $- | $- | $-14.33M | $- | $- | $- | $-11.51M | $- | $- |
| Tax Assets | $228.95M | $230.21M | $154.85M | $154.85M | $154.85M | $154.85M | $94.03M | $94.03M | $94.03M | $94.03M | $67.64M | $66.69M | $73.55M | $68.24M | $46.41M | $45.12M | $50.17M | $50.17M | $39.93M | $30.65M |
| Other Non-Current Assets | $90.10M | $57.56M | $71.70M | $60.91M | $60.12M | $60.73M | $51.15M | $49.28M | $47.25M | $28.34M | $43.96M | $45.29M | $44.20M | $47.50M | $46.58M | $30.07M | $28.55M | $29.15M | $28.48M | $26.52M |
| Total Non-Current Assets | $849.11M | $775.49M | $666.95M | $637.08M | $567.38M | $574.73M | $506.63M | $515.21M | $523.77M | $535.06M | $508.59M | $476.57M | $477.38M | $485.69M | $472.84M | $445.68M | $432.55M | $443.33M | $382.44M | $357.15M |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $5.71B | $6.11B | $5.51B | $5.16B | $4.66B | $4.89B | $4.52B | $4.35B | $4.00B | $4.38B | $3.92B | $3.67B | $3.43B | $3.58B | $2.99B | $2.79B | $2.60B | $2.75B | $2.14B | $1.85B |
| Account Payables | $2.40B | $2.63B | $2.41B | $2.34B | $2.09B | $2.32B | $1.97B | $1.89B | $1.68B | $1.87B | $1.65B | $1.54B | $1.41B | $1.66B | $1.30B | $1.22B | $1.14B | $1.35B | $919.69M | $656.17M |
| Short Term Debt | $72.30M | $64.49M | $- | $123.16M | $57.21M | $111.05M | $115.78M | $109.59M | $53.05M | $52.43M | $102.05M | $96.57M | $94.45M | $46.15M | $91.21M | $79.19M | $75.38M | $37.87M | $69.47M | $62.77M |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $- | $-181.80M | $- | $- | $- | $- | $- | $- | $67.64M | $66.69M | $- | $68.24M | $- | $- | $- | $50.17M | $- | $- |
| Other Current Liabilities | $210.81M | $177.76M | $205.32M | $58.64M | $131.29M | $82.47M | $63.73M | $48.49M | $100.15M | $105.47M | $31.74M | $31.05M | $45.68M | $101.47M | $31.72M | $27.16M | $45.84M | $88.33M | $22.99M | $11.76M |
| Total Current Liabilities | $2.68B | $2.87B | $2.62B | $2.52B | $2.28B | $2.51B | $2.15B | $2.05B | $1.83B | $2.03B | $1.79B | $1.67B | $1.55B | $1.80B | $1.43B | $1.33B | $1.26B | $1.47B | $1.01B | $730.70M |
| Long Term Debt | $262.67M | $247.72M | $230.35M | $202.77M | $180.46M | $180.37M | $190.21M | $198.07M | $200.73M | $208.53M | $215.73M | $219.34M | $229.49M | $238.45M | $247.92M | $253.00M | $245.90M | $254.56M | $277.41M | $347.56M |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $44.03M | $41.62M | $34.13M | $33.36M | $33.44M | $33.26M | $27.54M | $26.50M | $27.75M | $27.49M | $8.70M | $8.50M | $8.33M | $8.28M | $10.12M | $9.03M | $9.01M | $11.26M | $16.24M | $12.36M |
| Total Non-Current Liabilities | $306.69M | $289.34M | $264.49M | $236.13M | $213.89M | $213.63M | $217.75M | $224.57M | $228.48M | $236.02M | $224.43M | $227.84M | $237.82M | $246.73M | $258.04M | $262.03M | $254.91M | $265.82M | $293.65M | $359.92M |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $2.99B | $3.16B | $2.88B | $2.75B | $2.50B | $2.72B | $2.36B | $2.28B | $2.06B | $2.27B | $2.01B | $1.89B | $1.78B | $2.05B | $1.69B | $1.59B | $1.52B | $1.74B | $1.31B | $1.09B |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Retained Earnings | $4.52M | $354.25M | $228.65M | $188.36M | $103.24M | $196.95M | $320.42M | $370.91M | $381.98M | $665.51M | $594.33M | $578.46M | $597.53M | $612.13M | $604.09M | $544.71M | $497.01M | $474.37M | $322.46M | $281.22M |
| Accumulated Other Comprehensive Income Loss | $- | $- | $- | $-0 | $-0 | $-0 | $-0 | $-0 | $- | $- | $- | $-0 | $0 | $- | $- | $- | $587.30M | $-42.48M | $145.00K | $274.00K |
| Other Total Stockholders Equity | $2.71B | $2.59B | $2.40B | $2.22B | $2.06B | $1.97B | $1.84B | $1.70B | $1.56B | $1.45B | $1.32B | $1.20B | $1.05B | $915.18M | $698.72M | $657.64M | $587.30M | $538.78M | $510.02M | $476.86M |
| Total Stockholders Equity | $2.72B | $2.95B | $2.63B | $2.41B | $2.17B | $2.16B | $2.16B | $2.07B | $1.94B | $2.12B | $1.91B | $1.78B | $1.65B | $1.53B | $1.30B | $1.20B | $1.08B | $1.01B | $832.63M | $758.35M |
| Total Equity | $2.72B | $2.95B | $2.63B | $2.41B | $2.17B | $2.16B | $2.16B | $2.07B | $1.94B | $2.12B | $1.91B | $1.78B | $1.65B | $1.53B | $1.30B | $1.20B | $1.08B | $1.01B | $832.63M | $758.35M |
| Total Liabilities and Stockholders Equity | $5.71B | $6.11B | $5.51B | $5.16B | $4.66B | $4.89B | $4.52B | $4.35B | $4.00B | $4.38B | $3.92B | $3.67B | $3.43B | $3.58B | $2.99B | $2.79B | $2.60B | $2.75B | $2.14B | $1.85B |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $5.71B | $6.11B | $5.51B | $5.16B | $4.66B | $4.89B | $4.52B | $4.35B | $4.00B | $4.38B | $3.92B | $3.67B | $3.43B | $3.58B | $2.99B | $2.79B | $2.60B | $2.75B | $2.14B | $1.85B |
| Total Investments | $621.83M | $552.03M | $510.29M | $497.17M | $501.36M | $485.16M | $450.12M | $465.11M | $437.73M | $416.08M | $326.75M | $280.46M | $260.35M | $204.62M | $221.69M | $228.15M | $208.45M | $186.69M | $122.91M | $128.97M |
| Total Debt | $334.97M | $312.21M | $293.21M | $264.35M | $237.66M | $235.89M | $248.10M | $252.87M | $253.78M | $260.96M | $266.75M | $267.63M | $276.71M | $284.60M | $293.53M | $292.59M | $283.59M | $292.43M | $312.14M | $378.94M |
| Net Debt | $-783.58M | $-1.06B | $-928.26M | $-745.01M | $-680.54M | $-659.24M | $-823.67M | $-712.96M | $-638.92M | $-769.55M | $-727.90M | $-665.05M | $-567.51M | $-469.56M | $-283.39M | $-184.32M | $-188.05M | $-144.92M | $-122.23M | $-47.40M |
Annual Cash Flow
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Net Income | $393.08M | $178.94M | $53.38M | $137.76M | $242.32M |
| Depreciation and Amortization | $87.49M | $80.42M | $54.42M | $42.22M | $28.63M |
| Deferred Income Tax | $-76.90M | $-61.60M | $-11.51M | $-16.78M | $-31.22M |
| Stock Based Compensation | $494.70M | $491.62M | $498.64M | $337.41M | $111.78M |
| Change in Working Capital | $-209.28M | $-122.60M | $-94.15M | $-169.68M | $14.96M |
| Accounts Receivables | $-474.23M | $-554.01M | $-291.75M | $-444.34M | $-418.05M |
| Inventory | $- | $- | $- | $- | $- |
| Accounts Payables | $298.92M | $475.46M | $187.12M | $309.41M | $481.31M |
| Other Working Capital | $-33.97M | $-44.05M | $10.48M | $-34.75M | $-48.30M |
| Other Non Cash Items | $50.38M | $31.54M | $47.94M | $47.57M | $38.61M |
| Net Cash Provided by Operating Activities | $739.46M | $598.32M | $548.73M | $378.51M | $405.07M |
| Investments in Property Plant and Equipment | $-107.06M | $-46.79M | $-91.89M | $-59.97M | $-80.11M |
| Acquisitions Net | $- | $- | $7.72M | $-13.26M | $6.05M |
| Purchases of Investments | $-679.54M | $-608.38M | $-553.29M | $-278.39M | $-230.76M |
| Sales Maturities of Investments | $629.09M | $555.81M | $340.81M | $257.98M | $167.60M |
| Other Investing Activities | $- | $-8.23M | $-7.72M | $-25.57M | $-6.05M |
| Net Cash Used for Investing Activities | $-157.51M | $-107.59M | $-304.37M | $-93.64M | $-143.27M |
| Debt Repayment | $- | $- | $- | $- | $- |
| Common Stock Issued | $266.27M | $- | $47.52M | $90.70M | $97.82M |
| Common Stock Repurchased | $-234.78M | $-646.60M | $-48.59M | $-56.85M | $-53.14M |
| Dividends Paid | $- | $- | $- | $- | $- |
| Other Financing Activities | $-139.09M | $20.49M | $31.99M | $31.93M | $44.68M |
| Net Cash Used Provided by Financing Activities | $-107.61M | $-626.11M | $31.99M | $31.93M | $44.68M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- |
| Net Change in Cash | $474.33M | $-135.38M | $276.35M | $316.80M | $306.48M |
| Cash at End of Period | $1.37B | $895.13M | $1.03B | $754.15M | $437.35M |
| Cash at Beginning of Period | $895.13M | $1.03B | $754.15M | $437.35M | $130.88M |
| Operating Cash Flow | $739.46M | $598.32M | $548.73M | $378.51M | $405.07M |
| Capital Expenditure | $-98.24M | $-55.02M | $-91.89M | $-59.97M | $-80.11M |
| Free Cash Flow | $641.22M | $543.30M | $456.85M | $318.54M | $324.95M |
Cash Flow Charts
| Breakdown | March 31, 2025 | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $50.68M | $182.23M | $94.16M | $85.03M | $31.66M | $97.32M | $39.35M | $32.94M | $9.33M | $71.19M | $15.87M | $-19.07M | $-14.60M | $8.04M | $59.38M | $47.70M | $22.64M | $151.90M | $41.25M | $25.11M |
| Depreciation and Amortization | $23.98M | $24.11M | $20.75M | $20.88M | $21.74M | $20.53M | $20.53M | $20.07M | $19.29M | $16.84M | $12.96M | $12.27M | $12.35M | $12.25M | $8.95M | $11.01M | $10.01M | $7.86M | $7.52M | $6.78M |
| Deferred Income Tax | $- | $-76.90M | $- | $- | $- | $-61.60M | $1.49M | $2.00K | $- | $-12.11M | $-951.00K | $6.86M | $-5.30M | $-21.82M | $281.00K | $13.85M | $203.00K | $-10.24M | $-9.28M | $-10.62M |
| Stock Based Compensation | $128.25M | $129.23M | $128.51M | $126.34M | $110.62M | $121.44M | $139.63M | $117.08M | $113.47M | $127.53M | $121.00M | $125.21M | $124.89M | $205.40M | $34.46M | $45.20M | $52.35M | $38.02M | $26.85M | $23.93M |
| Change in Working Capital | $82.94M | $-79.18M | $21.92M | $-159.55M | $7.53M | $-87.94M | $-21.93M | $-47.30M | $34.56M | $-38.70M | $-20.74M | $-51.32M | $16.61M | $-50.89M | $18.58M | $-112.87M | $-24.50M | $-30.54M | $9.95M | $48.53M |
| Accounts Receivables | $282.34M | $-348.52M | $-76.39M | $-287.47M | $238.15M | $-423.36M | $-95.28M | $-293.53M | $258.17M | $-316.65M | $-87.44M | $-147.14M | $259.48M | $-395.70M | $-98.44M | $-159.04M | $208.85M | $-439.12M | $-272.51M | $83.03M |
| Inventory | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-939.44M | $-860.64M | $-723.50M | $-787.18M |
| Accounts Payables | $-234.67M | $211.74M | $100.42M | $206.95M | $-220.20M | $349.80M | $74.67M | $251.70M | $-200.70M | $255.88M | $61.09M | $116.08M | $-245.94M | $353.51M | $89.41M | $67.07M | $-200.58M | $433.58M | $262.12M | $-8.43M |
| Other Working Capital | $35.27M | $57.59M | $-2.11M | $-79.03M | $-10.42M | $-14.38M | $-1.31M | $-5.46M | $-22.90M | $22.07M | $5.61M | $-20.27M | $3.06M | $-8.70M | $27.61M | $-20.89M | $906.67M | $835.63M | $743.83M | $761.12M |
| Other Non Cash Items | $5.58M | $19.92M | $7.98M | $8.56M | $13.92M | $1.36M | $12.46M | $5.29M | $10.92M | $8.73M | $9.16M | $17.81M | $12.24M | $10.41M | $8.03M | $5.49M | $14.36M | $10.59M | $12.18M | $2.57M |
| Net Cash Provided by Operating Activities | $291.43M | $199.40M | $273.32M | $81.26M | $185.47M | $91.12M | $191.54M | $128.09M | $187.57M | $173.48M | $137.30M | $91.77M | $146.19M | $163.39M | $129.68M | $10.37M | $75.07M | $167.60M | $88.46M | $96.30M |
| Investments in Property Plant and Equipment | $-59.11M | $-22.31M | $-50.99M | $-24.58M | $-9.18M | $-27.33M | $-7.72M | $-9.35M | $-9.16M | $-47.77M | $-25.46M | $-5.75M | $-10.02M | $-12.37M | $-26.43M | $-6.99M | $-14.18M | $-18.15M | $-21.93M | $-20.76M |
| Acquisitions Net | $-4.35M | $- | $- | $- | $- | $2.13M | $2.68M | $1.95M | $- | $- | $48.33M | $22.33M | $1.61M | $-13.26M | $1.01M | $1.61M | $1.06M | $1.81M | $1.93M | $1.35M |
| Purchases of Investments | $-231.58M | $-192.94M | $-168.63M | $-158.24M | $-159.73M | $-160.13M | $-131.94M | $-171.59M | $-144.72M | $-174.09M | $-145.33M | $-112.66M | $-121.22M | $-44.96M | $-69.40M | $-74.68M | $-89.35M | $-103.64M | $-37.43M | $-53.98M |
| Sales Maturities of Investments | $165.11M | $154.07M | $160.42M | $166.80M | $147.79M | $130.41M | $151.00M | $147.67M | $126.73M | $86.13M | $98.61M | $91.94M | $64.13M | $61.37M | $75.31M | $54.10M | $67.21M | $39.29M | $43.13M | $46.00M |
| Other Investing Activities | $-2.66M | $- | $- | $- | $-13.89M | $-2.13M | $-2.68M | $-1.95M | $-1.47M | $-2.89M | $-48.33M | $-22.33M | $-1.61M | $13.26M | $-14.27M | $-1.61M | $-1.06M | $-1.81M | $-1.93M | $-1.35M |
| Net Cash Used for Investing Activities | $-132.59M | $-61.18M | $-59.20M | $-16.02M | $-21.12M | $-57.05M | $11.34M | $-33.26M | $-28.61M | $-138.62M | $-72.18M | $-26.47M | $-67.10M | $4.04M | $-33.78M | $-27.57M | $-36.33M | $-82.50M | $-16.23M | $-28.74M |
| Debt Repayment | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-70.00M | $- |
| Common Stock Issued | $- | $108.46M | $89.53M | $57.48M | $10.80M | $- | $- | $- | $- | $- | $10.92M | $32.93M | $24.41M | $61.48M | $13.22M | $36.48M | $12.62M | $28.84M | $- | $- |
| Common Stock Repurchased | $-386.25M | $-57.36M | $-52.15M | $-31.56M | $-125.28M | $-219.91M | $-90.19M | $-44.96M | $-291.53M | $- | $-14.06M | $-9.77M | $-13.43M | $-18.58M | $-9.04M | $-12.15M | $-17.08M | $- | $-6.46M | $- |
| Dividends Paid | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $-23.51M | $-41.33M | $-39.39M | $-31.56M | $-26.81M | $9.21M | $-6.75M | $23.26M | $-5.23M | $987.00K | $-3.14M | $23.17M | $10.98M | $9.81M | $4.11M | $22.47M | $-4.46M | $-82.11M | $5.79M | $-3.84M |
| Net Cash Used Provided by Financing Activities | $-409.76M | $9.77M | $-2.02M | $25.92M | $-141.28M | $-210.70M | $-96.94M | $-21.70M | $-296.76M | $987.00K | $-3.14M | $23.17M | $10.98M | $9.81M | $4.11M | $22.47M | $-4.46M | $-82.11M | $-64.21M | $33.57M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- | $-93.58M | $93.58M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $-250.92M | $147.99M | $212.11M | $91.16M | $23.07M | $-176.63M | $105.93M | $73.13M | $-137.80M | $35.85M | $61.97M | $88.46M | $90.07M | $177.24M | $100.01M | $5.27M | $34.28M | $2.98M | $8.03M | $101.13M |
| Cash at End of Period | $1.12B | $1.37B | $1.22B | $1.01B | $918.20M | $895.13M | $1.07B | $965.83M | $892.70M | $1.03B | $994.66M | $932.68M | $844.22M | $754.15M | $576.92M | $476.91M | $471.64M | $437.35M | $434.37M | $426.34M |
| Cash at Beginning of Period | $1.37B | $1.22B | $1.01B | $918.20M | $895.13M | $1.07B | $965.83M | $892.70M | $1.03B | $994.66M | $932.68M | $844.22M | $754.15M | $576.92M | $476.91M | $471.64M | $437.35M | $434.37M | $426.34M | $325.21M |
| Operating Cash Flow | $291.43M | $199.40M | $273.32M | $81.26M | $185.47M | $91.12M | $191.54M | $128.09M | $187.57M | $173.48M | $137.30M | $91.77M | $146.19M | $163.39M | $129.68M | $10.37M | $75.07M | $167.60M | $88.46M | $96.30M |
| Capital Expenditure | $-61.77M | $-20.19M | $-48.71M | $-22.11M | $-7.22M | $-27.33M | $-7.72M | $-9.35M | $-10.62M | $-50.66M | $-25.46M | $-5.75M | $-10.02M | $-12.37M | $-26.43M | $-6.99M | $-14.18M | $-18.15M | $-21.93M | $-20.76M |
| Free Cash Flow | $229.66M | $179.21M | $224.62M | $59.14M | $178.25M | $63.79M | $183.82M | $118.74M | $176.95M | $122.82M | $111.84M | $86.01M | $136.18M | $151.03M | $103.25M | $3.38M | $60.89M | $149.45M | $66.53M | $75.54M |
Trade Desk, Inc. operates as a technology company in the United States and internationally. The company operates a self-service cloud-based platform that allows buyers to create, manage, and optimize data-driven digital advertising campaigns across various ad formats and channels, including display, video, audio, native, and social on various devices, such as computers, mobile devices, and connected TV. It also provides data and other value-added services. The company serves advertising agencies and other service providers for advertisers. The Trade Desk, Inc. was incorporated in 2009 and is headquartered in Ventura, California.
$76.39
Stock Price
$37.54B
Market Cap
3.52K
Employees
Ventura, CA
Location
Revenue (FY 2024)
$2.44B
25.6% YoY
Net Income (FY 2024)
$393.08M
119.7% YoY
EPS (FY 2024)
$0.78
116.7% YoY
Free Cash Flow (FY 2024)
$641.22M
18.0% YoY
Profitability
Gross Margin
80.7%
Net Margin
16.1%
ROE
13.3%
ROA
6.4%
Valuation
P/E Ratio
146.77
P/S Ratio
23.60
EV/EBITDA
110.05
Market Cap
$37.54B
Revenue & Net Income
Profit Margins
Cash Flow Summary
Operating Cash Flow
$739.46M
23.6% YoY
Free Cash Flow
$641.22M
18.0% YoY
Balance Sheet Summary
Total Assets
$6.11B
25.0% YoY
Total Debt
$312.21M
32.4% YoY
Shareholder Equity
$2.95B
35.8% YoY
Dividend Overview
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The Trade Desk, Inc. doesn't currently pay dividends.
The Trade Desk Dividends
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The Trade Desk News
Read the latest news about The Trade Desk, including recent articles, headlines, and updates.
5 Supercharged Growth Stocks I Bought During Last Month's Stock Market Crash
When President Trump announced the imposition of worldwide tariffs last month, the reaction from investors was swift and severe. Each of the major market indexes fell into correction territory -- marked by a decline of more than 10%.
The Trade Desk: Why An Antitrust Breakup May Be Its Growth Driver
The Trade Desk's ongoing transition with Kokai has already delivered robust FQ1'25 performance and promising FQ2'25 guidance, with it signaling its improved ad monetization. These may be significantly aided by the potential opening up of walled gardens to open Internet, with it potentially driving TTD's renewed DSP growth prospects. Even so, readers may want to closely monitor TTD's future performance, especially given AppLovin, APP's entry into the CTV/ e-commerce advertising market.
Baron Fifth Avenue Growth Fund Q1 2025 Top Contributors And Detractors
xAI Holdings led performance with rapid AI innovation, Grok 3 launch, and the acquisition of X, positioning it as an AI industry leader. MercadoLibre delivered strong revenue and margin growth, reinforcing confidence in its leadership in Latin American e-commerce and fintech. Nvidia, despite a stock correction, remains a high-conviction holding due to its dominant AI platform and robust datacenter growth.
The Trade Desk: Strong Earnings Rally, But High Growth Expectations Remain
The Trade Desk's stock has surged 45% since March, driven by strong Q1 2025 earnings and 25% year-over-year revenue growth. My DCF model indicates TTD is priced for over 25% revenue growth, but maintaining this rate is challenging despite significant market opportunities. TTD's AI-enabled platform Kokai and UID2 solution position it well in the competitive digital ad market, but competition from giants like Google remains intense.
The Trade Desk Announces OpenSincera, a New Application that Delivers Greater Visibility into Advertising Performance and Health of the Digital Advertising Supply Chain
VENTURA, Calif.--(BUSINESS WIRE)--Global advertising technology leader The Trade Desk (NASDAQ:TTD) today announced OpenSincera, a new application that provides the ad tech ecosystem with Sincera's rich advertising metadata to reveal deeper insights on advertising quality and health of the digital advertising supply chain. Free and open to all participants across the entire advertising industry, OpenSincera will provide metrics on the ad experience such as ads-to-content ratio, page weight, aver.
The Trade Desk: Growing Revenue, Adoption, TAM, What Is There Not To Like?
The Trade Desk fell more than 60% on a Q4 2024 revenue miss. The company quickly regained more than 60% from the lows amidst great Q1 2025 financial results. TTD's business model is highly scalable with strong growth drivers like AI, CTV, and increasing TAM, supported by a solid balance sheet.
TTD Q1: Upgrading My Price Target Amid Stellar Earnings
The Trade Desk's Q1 earnings beat expectations, driven by accelerated Kokai platform adoption and organizational updates, leading to the stock exceeding my previous PT and outperforming the S&P 500. Management is optimistic about gaining market share due to favorable court rulings against Google and Meta, enhancing a fairer and more competitive open internet. Despite macroeconomic headwinds, The Trade Desk's innovative products and JBPs position it to navigate challenges, with a reiterated "buy" rating and a price target of $86.
The Trade Desk: Time To Buy Before The Stock Rebounds Further
The Trade Desk demonstrated remarkable resilience amidst ad market uncertainties, with a 25% YoY revenue growth and a nearly 20% stock surge post-earnings. TTD's strategic focus on programmatic advertising and CTV aligns with the shift from Linear TV, offering transparency and data advantages outside walled gardens. TTD's growth prospects remain robust, potentially benefiting from Google's regulatory challenges.
3 Top Artificial Intelligence (AI) Stocks Ready for a Bull Run
Over the past decade, more companies recognized the disruptive potential of artificial intelligence (AI) applications across multiple industries. AI services could be used to automate repetitive tasks, replace a broad range of human jobs, crunch massive amounts of data, and predict future trends.
Live Nasdaq Composite: Markets Rise as China Tariffs Do This
Live Updates Live Coverage Updates appear automatically as they are published. Buy the Rumor 1:41 pm by Gerelyn Terzo Bank of America has issued a report advising investors to buy the trade deal anticipation but sell the news. BofA Chief Investment Strategist Michael Hartnett wrote, “Oversold equities have correctly front-run Q2 trade deals/lower tariffs. We expect ‘buy the expectation, sell the fact,’ stocks fade into the trade deals.” The White House is expected to meet with China officials on potentially reaching a trade agreement over the weekend. Stocks remain lower out of caution. Markets Hold Back 12:09 pm by Gerelyn Terzo China’s government officials have come out swinging against the White House, saying they strongly opposes what they described as “U.S. abuse” of reciprocal tariffs. Earlier today, President Trump revealed that he was willing to reduce tariffs on China imports to 80% from a triple-digit percentage level. Washington, D.C. and Beijing officials are set to come to the negotiating table this weekend. Stocks are lower on the trade deal uncertainty. Markets Reverse Course 10:52 am by Gerelyn Terzo The stock market has reversed course, leaving all three of the major stock market averages in the red after coming out of the gate higher on China trade deal hopes. Traders and investors appear to be playing it cautiously until the White House and Beijing sign on the dotted line. Market declines are modest, including a 0.07% drop in the Nasdaq Composite. At this rate, stocks are likely to continue meandering between positive and negative ground for now. Weekly Performance 9:44 am by Gerelyn Terzo The Nasdaq Composite is on pace for a fractional gain today and has advanced a more impressive 7.9% over the past month. Year-to-date, the tech-heavy index is still lower by 6%. Over the past five trading sessions, Broadcom (Nasdaq: AVGO) has gained 5% while Apple (Nasdaq: AAPL) has lost 7.4%. This article will be updated throughout the day, so check back often for more daily updates. The markets are looking to end the week on a positive note after getting some good news on the trade war. President Trump revealed that he is willing to slash tariffs on China imports from a triple-digit percentage to 80%, saying that level seems appropriate as the White House gears up for talks with Beijing. Stocks appear to be cautiously optimistic on the development, with all three of the major stock market averages headed higher this morning. While China has been the wildcard, the Trump administration suggested that multiple agreements are being reached with U.S. trade partners, injecting further optimism into these markets. Most sectors of the economy are seeing green, led by the energy, consumer discretionary and technology sectors. Magnificent Seven stocks are lifting the Nasdaq Composite higher, including a 1% gain in Amazon (Nasdaq: AMZN) and 2.5% jump in Tesla (Nasdaq: TSLA). The Dow Jones Industrial Average is also getting a pop from Boeing (NYSE: BA) stock on a strong Dreamliners jet order from the British Airways parent company. BA stock is up 1.4%. Here’s a look at the performance as of morning trading: Dow Jones Industrial Average: Up 114.55 (+0.26%) Nasdaq Composite: Up 102.00 (+0.57%) S&P 500: Up 24.36 (+0.41%) Market Movers Palantir Technologies (Nasdaq: PLTR) might be a volatile play, but that is what it takes to trade as one of the leading tech stocks. As of yesterday, Palantir has muscled its way into the top 10 most valuable technology plays in the U.S. market, boasting a market capitalization of $281.1 billion. By way of comparison, Salesforce’s (NYSE: CRM) market cap currently hovers at a lesser $268.4 billion. PLTR stock is down 1% today on profit taking. Ad-tech platform The Trade Desk (Nasdaq: TTD) is soaring 22.8% today after reporting strong Q1 results. Revenue ballooned by 25% to $616 million. Earlier this month, RBC maintained a buy rating on the stock with a price target of $85 per share, reflecting upside potential of 41%. Lyft (Nasdaq: LYFT) stock is rising today after lifting its Q2 forecast and initiating a $750 million share buyback program. Most Wall Street analysts have a “hold” rating on the stock. Coinbase (Nasdaq: COIN) is taking a breather after announcing a blockbuster deal to acquire options trading platform Deribit in a $2.9 billion deal, thrusting it into the crypto derivatives realm. The post Live Nasdaq Composite: Markets Rise as China Tariffs Do This appeared first on 24/7 Wall St..
S&P 500 INDEX (SPX) Live: Broader Markets Rise on Trade Deal Domino Effect
Live Updates Live Coverage Updates appear automatically as they are published. BofA: Buy the Rumor, Sell the News 1:50 pm by Gerelyn Terzo Bank of America has published a report urging investors to buy the trade deal anticipation but sell the news. BofA Chief Investment Strategist Michael Hartnett warned that the trade deal details could revert back to Liberation Day levels, writing, “Oversold equities have correctly front-run Q2 trade deals/lower tariffs. We expect ‘buy the expectation, sell the fact,’ stocks fade into the trade deals.” The White House is expected to meet with China officials on potentially reaching a trade agreement over the weekend. Stocks remain under pressure as the markets err on the side of caution. Trade Deal Uncertainty 12:11 pm by Gerelyn Terzo China’s commerce minister has come out swinging against the White House, saying the nation strongly opposes what he described as “U.S. abuse” of reciprocal tariffs. Earlier today, President Trump proved that he was willing to lower tariffs on China imports to 80% from a triple-digit percentage level. Washington, D.C. and Beijing officials are expected to come to the negotiating table over the weekend. Stocks are under pressure on the trade deal uncertainty. Aimless Markets 11:07 am by Gerelyn Terzo Today’s gains have faded as traders hold out for closure on a trade agreement between the U.S. and China. The three major indices are now trading mixed, including a 0.06% gain in the S&P 500, 0.13% gain in the Nasdaq Composite and 0.13% decline in the Dow Jones Industrial Average. Markets are likely to continue trading aimlessly until the White House and Beijing sign on the dotted line. S&P 500 This Week 10:15 am by Gerelyn Terzo Despite today’s gains, the S&P 500 remains modestly lower for the week, with a 0.06% decline as of Friday morning. There’s still time for the index to push even higher, especially if the White House announces further tariff agreements with international trade partners. CNBC reported that the broader market index remains mired below a key resistance level, making it difficult for it to break out higher. This article will be updated throughout the day, so check back often for more daily updates. Tariffs are having a live by the sword, die by the sword effect, and today that is translating to gains. President Trump revealed that he is willing to slash tariffs on China imports from over 100% to 80%, saying that level seems reasonable as Washington, D.C. gears up for negotiations with Beijing. Stocks are rightfully cautiously optimistic on the development, with all three of the major stock market averages headed higher this morning but keeping it modest. The SPX ETF is gaining 0.25% as of morning trading. China could be the first of many tariff deals in the works with U.S. trade partners, according to the White House, further lifting market sentiment. Most sectors of the economy are moving higher, led by the energy, consumer discretionary and technology sectors. Magnificent Seven stocks are participating in the gains, with Amazon (Nasdaq: AMZN) rising 1% while Tesla (Nasdaq: TSLA) is adding 6.8%. TSLA stock is on its way to reclaiming a $1 trillion market cap. The Dow Jones Industrial Average is being lifted in part by Boeing (NYSE: BA) stock on a desirable Dreamliners jet order from the British Airways parent company. BA stock is up 1.4%. Here’s a look at the performance as of morning trading: Dow Jones Industrial Average: Up 82.49 (+0.20%) Nasdaq Composite: Up 114.14 (+0.63%) S&P 500: Up 22.51 (+0.40%) Market Movers Palantir Technologies (Nasdaq: PLTR) might be a volatile play, but it’s also one of the leading tech stocks. As of Thursday, Palantir was added to the top-10 most valuable technology plays in the U.S. market, with a market capitalization of $281.1 billion. Comparatively, Salesforce’s (NYSE: CRM) market cap currently hovers below that level at $268.4 billion. PLTR stock is taking it on the chin today, down fractionally. Ad-tech platform The Trade Desk (Nasdaq: TTD) is skyrocketing by over 20% today after reporting strong Q1 results. Revenue soared by 25% to $616 million. Earlier this month, RBC maintained a buy rating on the stock with a price target of $85 per share, reflecting upside potential of 41%. Lyft (Nasdaq: LYFT) stock is climbing 20.3% higher today after lifting its Q2 forecast and initiating a $750 million share buyback program. Most Wall Street analysts have a “hold” rating on the stock. Expedia Group (Nasdaq: EXPE) is down 7.3% on the day on a Wall Street downgrade to “underweight” by Piper Sandler analysts. The post S&P 500 INDEX (SPX) Live: Broader Markets Rise on Trade Deal Domino Effect appeared first on 24/7 Wall St..
The Trade Desk, Inc. (TTD) Q1 2025 Earnings Call Transcript
The Trade Desk, Inc. (NASDAQ:TTD ) Q1 2025 Earnings Conference Call May 8, 2025 5:00 PM ET Company Participants Chris Toth - IR Jeff Green - Co-Founder & CEO Laura Schenkein - CFO Conference Call Participants Shyam Patil - Susquehanna Vasily Karasyov - Cannonball Research Justin Patterson - KeyBanc Matt Swanson - RBC Jessica Reif Ehrlich - Bank of America Operator Greetings. Welcome to The Trade Desk First Quarter 2025 Earnings Conference Call.
Think The Trade Desk's Best Days Are Behind It? Think again.
The past few months have been fraught with uncertainty for investors in The Trade Desk (TTD 6.37%). The programmatic advertiser delivered an unbroken track record of beating its own guidance for 32 consecutive quarters as it closed out 2024.
Bear of the Day: The Trade Desk (TTD)
The Trade Desk ( TTD ) is a $27 billion provider of a digital advertising platform that allows customers to dynamically and "programmatically" buy ad space across all mediums and channels, from targeted website pop-ups to real-time sports streaming events. Through a self-service, cloud-based platform, ad buyers create, manage and optimize data-driven digital advertising campaigns which includes display, video, audio, native and social, on a multitude of devices, such as computers, mobile devices and connected TV.
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