The Trade Desk (TTD) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter declined from the immediate prior quarter but rose compared to the same quarter one year earlier. The trailing twelve-month revenue remained at a level consistent with prior growth trends.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the quarter declined from the immediate prior quarter but rose compared to the same quarter one year earlier. The trailing twelve-month revenue remained at a level consistent with prior growth trends.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$382.8M
Revenue reported for this quarter.
Quarter-over-quarter
-22.0%
Change from the immediately preceding quarter.
Year-over-year
+21.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$1.6B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $377M | +34.6% |
| Sep 30, 2022 | $394.8M | +31.1% |
| Dec 31, 2022 | $490.7M | +24.0% |
| Mar 31, 2023 | $382.8M | +21.4% |
Revenue performance
Revenue moved lower sequentially, reflecting a significant drop from the preceding quarter, while year-over-year growth continued, albeit at a slower pace than earlier periods.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was lower, while compared to the same quarter one year earlier, revenue was higher. The sequential decline contrasted with the year-over-year gain.
What to watch
Monitor whether the sequential revenue decline is a seasonal pattern or a signal of changing demand, given the ongoing year-over-year growth.