Trade Desk reports Q1 EPS 33c, consensus 25c

Reports Q1 revenue $616.02M, consensus $575.28M. The company said, “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. Amid increased macro volatility to start the year, 2025 is shaping up as an important time for marketers. Leading marketers are looking for ways to embrace the open internet, where their consumers are spending most of their time, to drive business differentiation and growth. Kokai is giving them more power than ever to accomplish that, in stark contrast to the many limitations of walled gardens. As a result, The Trade Desk (TTD) is well positioned to help our clients succeed and capture greater share by harnessing the full power of the open internet.”