Trade Desk Q2 Earnings: Adjusted EBITDA Grows in Double-Digits Y/Y

The Trade Desk reported Q2 adjusted EBITDA growth in double-digits year-over-year, with revenue increasing 30% YoY. The company's strong performance is attributed to its growing demand for advertising technology and its ability to adapt to changing market conditions.

The Trade Desk, Inc. (NASDAQ: TTD) has reported its second-quarter 2025 financial results, showcasing robust growth in revenue and adjusted EBITDA. The company's revenue increased to $694 million, marking a 19% year-over-year (YoY) growth, while adjusted EBITDA reached $271 million, up 19% YoY [1].

The company's CEO and co-founder, Jeff Green, attributed the strong performance to meaningful innovation across its platform, including the integration of AI and first-party data through Kokai. The Trade Desk also made significant progress in CTV, retail media, and the supply chain, empowering large brands and agencies to reach audiences across the open internet [1].

Key financial highlights include:

- Revenue: $694 million (up 19% YoY)
- Adjusted EBITDA: $271 million (up 19% YoY)
- Non-GAAP net income: $203 million
- GAAP diluted earnings per share: $0.18 [1]

The company's strong customer retention rate of over 95% for the past 11 consecutive years further underscores its market position. Additionally, The Trade Desk appointed Alex Kayyal as Chief Financial Officer and Omar Tawakol to its Board of Directors, bringing extensive experience in technology and advertising [1].

The Trade Desk also made significant strides in supporting Unified ID 2.0 (UID2), an industry-wide approach to identity that preserves the value of relevant advertising while prioritizing user control and privacy. Recent partnerships include AppsFlyer, Bell Media, and Snowflake integrating UID2 for enhanced addressability [1].

The company's OpenPath initiative provides clients with a simplified, direct connection to participating premium publishers across the open internet, further enhancing its value proposition. Recent partnerships with Freestar and HOY highlight the growing adoption of OpenPath and UID2 [1].

Looking ahead, The Trade Desk expects revenue of at least $717 million and adjusted EBITDA of approximately $277 million for the third quarter of 2025. The company's management believes that these non-GAAP financial measures, while not a substitute for GAAP, can help investors evaluate the company's operational trends, financial performance, and cash-generating capacity [1].

References:

[1] https://investors.thetradedesk.com/news-and-events/news/news-details/2025/The-Trade-Desk-Reports-Second-Quarter-2025-Financial-Results/default.aspx