The Trade Desk (TTD) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter decreased compared to the immediately preceding quarter, but increased compared to the same quarter one year earlier. The sequential decline reflects a typical seasonal pattern, while the year-over-year growth indicates continued expansion.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the quarter decreased compared to the immediately preceding quarter, but increased compared to the same quarter one year earlier. The sequential decline reflects a typical seasonal pattern, while the year-over-year growth indicates continued expansion.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$491.3M
Revenue reported for this quarter.
Quarter-over-quarter
-18.9%
Change from the immediately preceding quarter.
Year-over-year
+28.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$2.1B
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, 2023 | $464.3M | +23.2% |
| Sep 30, 2023 | $493.3M | +24.9% |
| Dec 31, 2023 | $605.8M | +23.4% |
| Mar 31, 2024 | $491.3M | +28.3% |
Revenue performance
The reported revenue fell from the prior quarter, ending a period of sequential growth that had been observed in the previous three quarters. The year-over-year comparison, however, showed a solid increase, maintaining a positive trend.
Quarterly comparison
Compared to the immediately preceding quarter, revenue declined, while compared to the same quarter one year earlier, revenue rose. The year-over-year gain was in line with the growth rates seen in the prior three quarters.
What to watch
The sequential revenue decline warrants attention to see if it reverses in the next quarter or signals a broader trend.