Q1 25 EPS
$0.33
BEAT +33.23%
Est. $0.25
Q1 25 Revenue
$616.0M
BEAT +7.08%
Est. $575.3M
vs S&P Since Q1 25
-91.2%
TRAILING MARKET
TTD -63.5% vs S&P +27.7%
Market Reaction
Did TTD Beat Earnings? Q1 2025 Results
The Trade Desk delivered a convincing return to form in Q1 2025, posting revenue of $616.02 million, up 25.4% year-over-year and ahead of the $575.28 million consensus by 7.08%, while non-GAAP diluted EPS of $0.33 cleared the $0.25 estimate by 33.23%… Read more The Trade Desk delivered a convincing return to form in Q1 2025, posting revenue of $616.02 million, up 25.4% year-over-year and ahead of the $575.28 million consensus by 7.08%, while non-GAAP diluted EPS of $0.33 cleared the $0.25 estimate by 33.23%. The standout quarter was powered in large part by accelerating adoption of the company's Kokai platform, which CEO Jeff Green credited as a key driver alongside strategic improvements rolled out in Q4 2024, helping marketers shift budgets toward the open internet and away from walled gardens. Customer retention exceeded 95% for the eleventh consecutive year, reinforcing the platform's stickiness even against a volatile macro backdrop. Adjusted EBITDA reached $207.88 million at a 34% margin, a modest expansion from 33% a year earlier. Looking ahead, management guided Q2 2025 revenue to at least $682 million with Adjusted EBITDA of approximately $259 million, signaling that the company sees its current momentum as durable rather than a one-quarter rebound.
Key Takeaways
- • 25% year-over-year revenue growth driven by strategic upgrades implemented in Q4 2024
- • Customer retention over 95% for the eleventh consecutive year
- • Adjusted EBITDA margin expansion to 34% from 33% year-over-year
- • Growing adoption of open internet advertising by leading marketers
TTD YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
“We delivered strong results in the first quarter, growing revenue 25% year-over-year to $616 million. We're encouraged by the early impact of the strategic upgrades at the company we implemented in Q4, which contributed to our outperformance. 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.”
— Jeff Green, Q1 2025 Earnings Press Release
TTD Earnings Trends
TTD vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
TTD EPS Trend
Earnings per share: estimate vs actual
TTD Revenue Trend
Quarterly revenue: estimate vs actual
TTD Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 25 BEAT FY | $0.34 | $0.59 | +73.58% | $846.8M | — |
| FY Full Year | $1.76 | $1.77 | +0.52% | $2.90B | +0.25% |
| Q3 25 BEAT | $0.44 | $0.45 | +1.86% | $739.4M | +2.79% |
| Q2 25 MISS | $0.41 | $0.41 | -0.92% | $694.0M | +1.17% |
| Q1 25 BEAT | $0.25 | $0.33 | +33.23% | $616.0M | +7.08% |
| Q4 24 BEAT FY | $0.57 | $0.59 | +3.60% | $741.0M | — |
| FY Full Year | — | $1.66 | — | $2.44B | — |
| Q2 23 BEAT | $0.26 | $0.28 | +7.69% | $464.3M | — |