The Trade Desk, Inc. (TTD) announced an impressive increase in its second-quarter profits, surpassing both the previous year's results and Wall Street estimates.
For the recent quarter, the company's net income was $85.03 million, or $0.17 per share, compared to $32.94 million, or $0.07 per share, in the second quarter of the previous year.
Excluding special items, The Trade Desk, Inc. posted adjusted earnings of $197.48 million, translating to $0.39 per share for the reporting period. This performance exceeded the average analyst expectations, which were $0.35 per share, according to data compiled by Thomson Reuters.
The company's revenue for the quarter experienced a notable 25.9% increase, reaching $584.55 million, up from $464.25 million the previous year.
The Trade Desk, Inc. Second Quarter Highlights (GAAP):
- **Earnings (Q2)**: $85.03 million vs. $32.94 million last year.
- **EPS (Q2)**: $0.17 vs. $0.07 last year.
- **Revenue (Q2)**: $584.55 million vs. $464.25 million last year.
**Guidance:**
- Next quarter revenue guidance: $618 million.
