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Trade Desk First Quarter 2023 Earnings: Beats Expectations

Trade Desk (NASDAQ:TTD) First Quarter 2023 Results

Key Financial Results

  • Revenue: US$382.8m (up 21% from 1Q 2022).

  • Net income: US$9.33m (up from US$14.6m loss in 1Q 2022).

  • Profit margin: 2.4% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue.

  • EPS: US$0.019 (up from US$0.03 loss in 1Q 2022).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

Trade Desk Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 5.1%. Earnings per share (EPS) also surpassed analyst estimates.

Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Media industry in the US.

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Performance of the American Media industry.

The company's shares are up 5.0% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Trade Desk, and understanding these should be part of your investment process.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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