The Trade Desk Tops Third-Quarter Estimates and Lifts Share Buyback Program

The Trade Desk posted third-quarter financial results that exceeded internal guidance and Street projections, driven by steady advertising demand. The company recorded revenue of $736 million, remaining essentially flat compared with the same period a year earlier but comfortably outpacing the consensus analyst estimate of approximately $651 million. Adjusted core profit reached $266 million, while adjusted diluted earnings per share hit $0.33, beating consensus expectations of $0.25.

For the fourth quarter, executive leadership guided toward at least $755 million in revenue and a minimum of $280 million in adjusted core profit. However, the company noted it does not anticipate typical seasonal growth entering the final months of the year, pointing to challenging operating conditions and spending caution among certain large corporate advertisers. The company also expanded its share repurchase authorization by $731 million, raising total buyback capacity to $1 billion.