The Trade Desk (TTD) Revenue — Quarter Ended Jun 30, 2023
Revenue for the reporting quarter increased compared with both the immediately preceding quarter and the same quarter one year earlier. The company's top line continued to grow sequentially and year over year.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue for the reporting quarter increased compared with both the immediately preceding quarter and the same quarter one year earlier. The company's top line continued to grow sequentially and year over year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$464.3M
Revenue reported for this quarter.
Quarter-over-quarter
+21.3%
Change from the immediately preceding quarter.
Year-over-year
+23.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$1.7B
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 |
|---|---|---|
| Sep 30, 2022 | $394.8M | +31.1% |
| Dec 31, 2022 | $490.7M | +24.0% |
| Mar 31, 2023 | $382.8M | +21.4% |
| Jun 30, 2023 | $464.3M | +23.2% |
Revenue performance
The reported revenue direction was upward, reflecting a higher figure than the prior quarter. The year-over-year comparison also showed an increase.
Quarterly comparison
When compared with the immediately preceding quarter, revenue rose. Against the same quarter one year earlier, revenue also rose.
What to watch
The company stated that its existing cash, cash equivalents, cash flow from operations, and undrawn credit facility are expected to meet working capital needs for at least the next twelve months.