The Trade Desk, Inc. (NASDAQ:TTD) Q1 2024 Earnings Call Transcript May 8, 2024 5:00 PM ET

Company Participants

Chris Toth - IR
Jeff Green - Founder and CEO
Laura Schenkein - CFO

Conference Call Participants

Justin Patterson - KeyBanc
Shyam Patil - SIG
Brian Fitzgerald - Wells Fargo
Vasily Karasyov - Cannonball Research
James Heaney - Jefferies
Jason Helfstein - Oppenheimer
Laura Martin - Needham
Mark Zgutowicz - The Benchmark Company
Mark Mahaney - Evercore
Matt Swanson - RBC Capital Markets

Operator

Greetings. Welcome to the Trade Desk First Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] Please note, this conference is being recorded. I will now turn the conference over to your host, Chris Toth. You may begin.

Chris Toth

Thank you, operator. Hello and good afternoon to, everyone. Welcome to the Trade Desk first quarter 2024 earnings conference call. On the call today are Founder and CEO, Jeff Green, and Chief Financial Officer, Laura Schenkein. A copy of our earnings press release can be found on our website at thetradedesk.com in the Investor Relations section.

Before we begin, I would like to remind you that except for historical information, some of the discussion and our responses in Q&A may contain forward-looking statements, which are dependent upon certain risks and uncertainties. These forward-looking statements represent our beliefs and assumptions only as of the date such statements are made. Actual results may vary significantly, and we expressly assume no obligations to update any of our forward-looking statements. Should any of our beliefs or assumptions prove to be incorrect, actual financial results could differ materially from our projections, or those implied by these forward-looking statements. I encourage you to refer to the risk factors referenced in our press release, and included in our most recent SEC filings.

In addition to reporting our GAAP financial results, we present supplemental non-GAAP financial data. A reconciliation of the GAAP to non-GAAP measures can be found in our earnings press release. We believe that providing non-GAAP measures combined with our GAAP results provides a more meaningful representation of the company's operational performance.

With that, I will now turn the call over to Founder and CEO, Jeff Green. Jeff?

Jeff Green

Thanks, Chris, and thank you all for joining us today. As you've seen from the press release, we are off to a very promising start once again this year. For the first quarter, revenue grew 28% compared with last year, marking strong revenue growth acceleration on both a sequential and a year-over-year basis. Outpacing the industry for a quarter or two is a great accomplishment. But I'm so proud of our team for now having outpaced the digital advertising industry for a couple of years straight.