The Trade Desk (NASDAQ:TTD) announced Q2 earnings and guidance that exceeded expectations.
The company achieved an EPS of $0.28, surpassing the Street estimate of $0.26. Additionally, revenue demonstrated an impressive 23% year-over-year growth, reaching $464 million, outperforming the Street estimate of $454.71 million. Remarkably, customer retention during Q2 remained consistently high at over 95%, a trend upheld for the last nine consecutive years.
Looking ahead to Q3/23, The Trade Desk anticipates revenue to attain a minimum of $485 million, surpassing the Street estimate of $479.61 million. The projection for Adjusted EBITDA stands at approximately $185 million.