The numbers
$689 million: Revenue, up 12% year-over-year from $616 million, and beating Wall Street estimates.
$206 million: Adjusted EBITDA, representing a 30% margin.
The watercooler talk
Despite the fact that revenue beat analyst projections, the 12% year-over-year increase represents The Trade Desk’s slowest revenue growth since the Covid-19-era ad downturn in 2020.
Revenue rose due to growth in connected TV and “audio video.” News products also helped. Last month, the Trade Desk introduced AI-powered agents for media planning and buying—a program being piloted by Stagwell. “Our partnership is to leverage agentic AI to create, edit, and modify campaigns,” CEO Jeff Green said on the May 7 investor call.
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