Trade Desk shares fall after Arete Research cuts rating to Sell from Neutral and slashes its price target to $11.60 on rising competitive and structural concerns.
The Trade Desk, Inc. is a global technology company that provides a self-service, cloud-based platform. This platform enables advertising buyers to efficiently create, manage, and optimize data-driven digital ad campaigns across diverse formats and channels, including display, video, audio, native, and social media, reaching audiences on computers, mobile devices, and connected TVs. In addition to the platform, the company offers various data and value-added services. Their primary clients are advertising agencies and other service providers who represent advertisers. The Trade Desk was founded in 2009 and is headquartered in Ventura, California.
| Metric | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.44B | $1.95B | $1.58B | $1.20B | $836.03M | $661.06M | $477.29M | $308.22M |
| Cost of Revenue | $472.01M | $365.60M | $281.12M | $221.55M | $178.81M | $156.18M | $114.10M | $66.23M |
| Gross Profit | $1.97B | $1.58B | $1.30B | $974.91M | $657.22M | $504.88M | $363.20M | $241.99M |
| Gross Margin | 80.69% | 81.21% | 82.18% | 81.48% | 78.61% | 76.37% | 76.09% | 78.51% |
| Operating Expenses | $1.55B | $1.38B | $1.18B | $850.10M | $513.01M | $392.68M | $255.87M | $172.63M |
| Operating Income | $427.17M | $200.48M | $113.65M | $124.82M | $144.21M | $112.20M | $107.32M | $69.36M |
| Operating Margin | 17.47% | 10.30% | 7.20% | 10.43% | 17.25% | 16.97% | 22.49% | 22.50% |
| Net Income | $393.08M | $178.94M | $53.38M | $137.76M | $242.32M | $108.32M | $88.14M | $50.80M |
| Net Margin | 16.08% | 9.19% | 3.38% | 11.51% | 28.98% | 16.39% | 18.47% | 16.48% |
| EPS (Basic) | $0.80 | $0.37 | $0.11 | $0.29 | $0.52 | $0.24 | $0.19 | $0.13 |
| EBITDA | $514.66M | $280.90M | $168.08M | $167.04M | $172.84M | $133.86M | $119.14M | $76.56M |
| Stock Option Compensation Expense | $494.70M | $491.62M | $498.64M | $337.41M | $111.78M | $80.76M | $42.21M | $21.32M |
| Price To Earnings Ratio | 146.77 | 196.75 | 408.90 | 317.20 | 153.01 | 106.81 | 60.32 | 36.22 |
| Price To Sales Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Shares Outstanding | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Market Capitalization | $57.69B | $35.21B | $21.83B | $43.70B | $37.08B | $11.57B | $5.32B | $1.84B |