Overview

* Trade Desk ( TTD ) Q3 revenue grows 18% yr/yr, beating analyst expectations

* Adjusted EPS for Q3 beats consensus, reflecting robust operational performance

* Company announces $500 mln share repurchase authorization, indicating confidence in future growth

Outlook

* Company expects Q4 2025 revenue of at least $840 mln

* Company anticipates Q4 2025 adjusted EBITDA of approximately $375 mln

* Trade Desk ( TTD ) sees opportunity to capture more market share in data-driven advertising

Result Drivers

* PRODUCT INNOVATIONS - New product innovations on the Kokai platform drove revenue growth by enhancing data-driven advertising capabilities

* AI TRANSFORMATION - AI's role in transforming the advertising ecosystem supported strong performance, as customers rely on The Trade Desk ( TTD ) for data-rich buying

* STRATEGIC PARTNERSHIPS - Partnerships and product upgrades like Audience Unlimited and OpenAds expanded market reach and improved transparency

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $739 mln $718.69

Revenue mln (34

Analysts

)

Q3 Beat $0.45 $0.44

Adjusted (20

EPS Analysts

)

Q3 EPS $0.23

Q3 Net $116 mln

Income

Q3 43.00%

Adjusted

EBITDA

Margin

Q3 EBIT $161.22

mln

Q3 $179.52

Pretax mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 21 "strong buy" or "buy", 14 "hold" and 5 "sell" or "strong sell"

* The average consensus recommendation for the software peer group is "buy"

* Wall Street's median 12-month price target for Trade Desk Inc ( TTD ) is $68.00, about 29.9% above its November 5 closing price of $47.70

* The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 44 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)