The Trade Desk, Inc. (NASDAQ:TTD) Q2 2024 Earnings Conference Call August 8, 2024 5:00 PM ET

Company Participants

Chris Toth - Investor Relations
Jeff Green - Chairman, Chief Executive Officer and Founder
Laura Schenkein - Chief Financial Officer

Conference Call Participants

Shyam Patil - SIG
Youssef Squali - Truist Securities
Justin Patterson - KeyBanc Capital Markets
Vasily Karasyov - Cannonball Research
Mark Mahaney - Evercore
Shweta Khajuria - Wolfe Research
Tim Nollen - Macquarie
Brian Pitz - BMO Capital Markets

Operator

Greetings. Welcome to the Trade Desk Second 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 second 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 is available on our website in the Investor Relations section at thetradedesk.com. Please note that aside from historical information, today's discussion and our responses during the Q&A may include forward-looking statements. These statements are subject to risks and uncertainties and reflect our views and assumptions as of the date such statements are made.

Actual results may vary significantly and we expressly disclaim any obligations to update the forward-looking statements made today. If any of our beliefs or assumptions prove incorrect, actual financial results could differ materially from our projections or those implied by these forward-looking statements.

For a detailed discussion of risks, please refer to the risk factors mentioned in our press release and our most recent SEC filings. In addition to our GAAP financial results, we present supplemental non-GAAP financial data. A reconciliation of the GAAP to non-GAAP measures is available in our earnings press release.

We believe that presenting these non-GAAP measures alongside our GAAP results offers a more comprehensive view 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 to everyone for joining the call. As you've seen from the press release, we delivered very strong growth once again in the second quarter.

Revenue was up 26% to $585 million. Our growth rate significantly outpaced the rest of the digital marketing industry, just as it has every quarter for the last few years. I'm convinced that our success has been forged on the back of consistent, strong 20% plus revenue growth year-after-year for the past several years.