The Trade Desk (TTD) Revenue — Quarter Ended Sep 30, 2023
Revenue for the quarter increased compared to the prior quarter. It also rose considerably relative to the same quarter a year ago.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue for the quarter increased compared to the prior quarter. It also rose considerably relative to the same quarter a year ago.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$493.3M
Revenue reported for this quarter.
Quarter-over-quarter
+6.2%
Change from the immediately preceding quarter.
Year-over-year
+24.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$1.8B
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 |
|---|---|---|
| Dec 31, 2022 | $490.7M | +24.0% |
| Mar 31, 2023 | $382.8M | +21.4% |
| Jun 30, 2023 | $464.3M | +23.2% |
| Sep 30, 2023 | $493.3M | +24.9% |
Revenue performance
The reported revenue reflects a sequential gain from the immediately preceding quarter. On a year-over-year basis, the figure shows a substantial improvement.
Quarterly comparison
Compared with the preceding three-month period, revenue moved higher. Versus the same period one year earlier, the revenue was also markedly higher.
What to watch
The filing notes that a portion of cash and cash equivalents is held by international subsidiaries, which may affect liquidity deployment.