The Trade Desk, Inc. (NASDAQ:TTD) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET

Company Participants

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

Conference Call Participants

Shyam Patil - Susquehanna
Vasily Karasyov - Cannonball Research
Jessica Reif Ehrlich - Bank of America
Shweta Khajuria - Wolfe Research
Laura Martin - Needham
Justin Patterson - KeyBanc
Dan Salmon - New Street Research
Jason Helfstein - Oppenheimer
Matthew Swanson - RBC Capital Markets

Operator

Greetings. Welcome to The Trade Desk Third Quarter 2024 Earnings Conference Call. [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 third quarter 2024 earnings conference call. On the call today are Co-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 Co-Founder and CEO, Jeff Green. Jeff?

Jeff Green

Thanks, Chris, and thank you all for joining us today.

As you've seen from our press release, we again posted very strong growth in the third quarter. Our revenue grew 27% compared with Q3 last year, marking strong revenue growth acceleration on both a sequential and a year-over-year basis.

Quarter after quarter, we continue to gain market share, outpacing the industry and our peers, both large and small. Even though it is now a considerable part of our business, CTV continues to be our fastest-growing channel and it shows no sign of slowing down. Partners like Disney, NBCU, Walmart, Roku, LG, Netflix and many others are deepening their relationships with us around the growing CTV opportunity. I could not be more excited about our position in CTV and the size of the growth opportunity for us in the years ahead.