The Trade Desk, Inc. (NASDAQ:TTD) released its second-quarter results after Thursday's closing bell. Here's a look at the key figures from the quarter.
The Details: Trade Desk reported quarterly earnings of 41 cents per share, in line with the analyst estimate, according to Benzinga Pro.
Quarterly revenue came in at $694.03 million, which beat the Street estimate of $684.99 million and is up from revenue of $584.55 million from the same period last year.
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The company reported that customer retention remained over 95% during the second quarter.
The Trade Desk also announced Alex Kayyal has been appointed CFO effective Aug. 21 and will replace Laura Schenkein in the role.
“Q2 was a strong quarter for The Trade Desk, with revenue growing to $694 million, up 19% year-over-year, as we continue to outpace the digital advertising market,” said Jeff Green, CEO of The Trade Desk.
Outlook: The company expects third-quarter revenue of at least $717 million and adjusted EBITDA of approximately $277 million.
TTD Stock Price: According to data from Benzinga Pro, The Trade Desk stock was down 27.71% at $63.85 in Thursday's extended trading.
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