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The Trade Desk reports developments tied to its global advertising technology platform for buyers of advertising. The company operates a self-service, cloud-based demand-side platform that enables ad buyers to create, manage, and optimize digital campaigns across ad formats and devices, including connected TV, mobile, audio, display, and other open internet environments.
Recurring news includes quarterly and annual financial results, customer retention commentary, share repurchase activity, and platform initiatives such as Kokai, Ventura, OpenAds, and PubDesk. Company updates also cover publisher and content partnerships, retail data integrations, supply-chain transparency, connected-TV monetization tools, board appointments, and finance leadership changes.
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The Trade Desk reported robust financial results for Q3 2021, achieving revenue of $301.1 million, a 39% increase year-over-year. Net income reached $59.4 million, with diluted EPS of $0.12. Adjusted EBITDA stood at $122.7 million, reflecting a 41% margin. Strong customer retention over 95% persists, aided by the launch of the Solimar trading platform. Despite a strong performance, the company acknowledged potential impacts on future results due to COVID-19 uncertainties, forecasting Q4 revenue of at least $388 million.
The Trade Desk, Inc. (NASDAQ: TTD) will release its third quarter financial results for fiscal year 2021 on November 8, 2021, before market opening. The results pertain to the period ending September 30, 2021. A webcast and conference call discussing the results will take place at 8:30 A.M. Pacific Time. Investors can access the live webcast via the Investor Relations section of The Trade Desk's website. Dial-in options are available for participants, and an audio replay will be accessible shortly after the call.
The Trade Desk has announced a pioneering global partnership with Xiaomi, enhancing advertising access to Xiaomi's massive audience through The Trade Desk platform. This collaboration enables advertisers to reach 454 million monthly active users globally outside of China. Marketers can now effectively measure and compare their advertising campaign performance across various digital channels, including connected TV and mobile apps. This development positions The Trade Desk favorably as it capitalizes on the growing mobile ad market, especially in regions like Indonesia, projected to reach $858 million by 2025.
The Trade Desk reported Q2 2021 revenue of $280 million, more than doubling year-over-year. This growth is attributed to its dominance in the digital advertising space, particularly in Connected TV. The company also launched Solimar, its most significant product launch, enhancing campaign optimization with first-party data capabilities.
Net income rose to $47.7 million, while non-GAAP adjusted EBITDA reached $117.9 million. Despite robust performance, the company acknowledged uncertainties due to the ongoing COVID-19 pandemic, projecting Q3 revenue to exceed $282 million.
The Trade Desk, Inc. (NASDAQ: TTD) plans to announce its second quarter fiscal year 2021 financial results on August 9, 2021, before market opening. The company will conduct a conference call at 8:30 A.M. PT to discuss these results. Interested parties can access the live webcast through the Investor Relations page on The Trade Desk's website. The call will also feature dial-in options for North America and international participants. An audio replay will be available shortly after the call until August 23, 2021.
The Trade Desk (NASDAQ:TTD) launched its new trading platform, Solimar, aimed at enhancing digital advertising across the open internet. After over two years of development, Solimar enables marketers to leverage first-party data effectively, improve campaign precision, and address privacy concerns. Key features include advanced goal setting, secure data onboarding, a measurement marketplace, and a streamlined user experience. The launch event took place in New York City, highlighting the platform's potential in a rapidly evolving digital landscape.
The Trade Desk (NASDAQ:TTD) has launched TD7, an internal venture capital arm aimed at investing in technology companies focused on the open internet. The first investment is in Chalice, which specializes in algorithmic ad buying. Co-Founder and CEO Jeff Green emphasized the importance of an open internet for advertisers, publishers, and consumers. This announcement coincides with the launch of Solimar, a new trading platform enhancing ad-buying capabilities. Chalice's CEO praised The Trade Desk's platform for fostering innovation in ad tech.
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The Trade Desk (NASDAQ: TTD) has appointed Joshua Smith as Senior Vice President, Chief Privacy and Product Counsel, effective immediately. Smith brings over 20 years of legal expertise from notable positions at Facebook and Yahoo!, focusing on privacy and product development. He joins The Trade Desk at a time of rapid change in the digital advertising landscape, with plans to scale the company globally while maintaining a privacy-forward approach. Smith, a cum laude graduate of Indiana University School of Law, will work from the company's San Jose office.