Shares of The Trade Desk (NASDAQ: TTD) surged more than 13% in pre-market trading Friday after the company posted better-than-expected first-quarter results and issued upbeat guidance for the current quarter.
The advertising technology firm reported adjusted earnings per share (EPS) of $0.33 for the quarter, beating analyst estimates of $0.25. Revenue reached $616 million, topping the consensus estimate of $576.07 million and marking a 25% increase year over year.
Management attributed the strong performance to strategic upgrades made in the fourth quarter of 2024. CEO Jeff Green highlighted the early benefits of these changes and voiced confidence in the company’s ability to maintain its momentum.
“We’re encouraged by the early impact of the strategic upgrades at the company we implemented in Q4, which contributed to our outperformance,” said Green. “As we build on this momentum, we’re optimistic about our ability to continue to outpace the market and deliver increasing value to marketers who prioritize objective, transparent, and data-driven media buying on the open internet.”
Customer retention remained strong in the first quarter, holding steady at over 95%—a benchmark the company has maintained for eleven consecutive years.
For the second quarter of 2025, The Trade Desk is projecting revenue of at least $682 million, slightly ahead of the $680.7 million analyst forecast. The company expects adjusted EBITDA to come in at approximately $259 million.
In addition to financial results, The Trade Desk announced the appointment of Vivek Kundra as its new Chief Operating Officer. Kundra brings extensive operational experience from his previous roles at Salesforce (NYSE: CRM) and as the first Chief Information Officer of the U.S. Government.
The company also highlighted continued progress with its Unified ID 2.0 initiative, which promotes privacy-focused identity solutions for advertisers. Meanwhile, its OpenPath program expanded further, offering advertisers direct access to premium publishers across the open internet.
In Q1, The Trade Desk repurchased $386 million of Class A common stock, leaving $631 million remaining under its current share repurchase authorization as of March 31, 2025.
As of the latest update, The Trade Desk (NASDAQ: TTD) shares are up 13.51%, trading at $67.99.
Salman Akhtar is a finance, stocks, and technology journalist with years of experience across various news organizations. He has contributed his expertise to outlets such as 24NewsHD, TrimFeed, The Voice Pakistan, and TheTechBasic. Salman is passionate about making complex topics accessible to a broad audience. His dedication to delivering accurate and timely information has established him as a trusted voice in the industry. Read Full Bio
