Q3 25 EPS
$0.45
BEAT +1.86%
Est. $0.44
Q3 25 Revenue
$739.4M
BEAT +2.79%
Est. $719.3M
vs S&P Since Q3 25
-55.5%
TRAILING MARKET
TTD -48.1% vs S&P +7.4%
Market Reaction
Did TTD Beat Earnings? Q3 2025 Results
The Trade Desk posted a clean beat across the board in Q3 2025, with revenue climbing 17.7% year-over-year to $739.43 million against a consensus estimate of $719.34 million, while non-GAAP diluted EPS of $0.45 edged past the $0.44 estimate by 1.86%,… Read more The Trade Desk posted a clean beat across the board in Q3 2025, with revenue climbing 17.7% year-over-year to $739.43 million against a consensus estimate of $719.34 million, while non-GAAP diluted EPS of $0.45 edged past the $0.44 estimate by 1.86%, a quarter that underscores the company's steady grip on programmatic advertising share. The primary engine behind the outperformance was accelerating adoption of its Kokai platform, where AI-driven buying tools are pulling more advertiser dollars across connected TV, retail media, and the broader open internet; customer retention held above 95% for the 11th straight year, reflecting how deeply embedded the platform has become. Adjusted EBITDA margins expanded to 43% from 41% a year earlier, and the company repurchased $310 million in shares during the quarter before the board authorized an additional $500 million buyback. Management guided Q4 2025 revenue to at least $840 million with Adjusted EBITDA of roughly $375 million, a forward look that will matter greatly for a stock that has faced significant valuation pressure in recent months.
Key Takeaways
- • 18% year-over-year revenue growth driven by Kokai platform innovations
- • Customer retention remained over 95% for the 11th consecutive year
- • Adjusted EBITDA margin of 43%, up from 41% in Q3 2024
- • Strong growth across CTV, retail media, and the open internet
TTD YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
“Q3 was another strong quarter for The Trade Desk, with revenue growing to $739 million, representing 18% year-over-year growth. Our momentum continues to be fueled by new product innovations we've launched across our Kokai platform, which are helping the world's leading brands unlock the full potential of data-driven advertising.”
— Jeff Green, Q3 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 | — |