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The Trade Desk(TTD) - 2024 Q4 - Annual Report
2025-02-21 21:04
Revenue and Growth - The majority of revenue is derived from programmatic ad buying, and growth is expected to depend on increasing spend through the platform[88]. - The company has experienced significant growth but must manage this growth effectively to avoid adverse effects on financial condition and results of operations[146]. - The company's revenue for the year ended December 31, 2024, was $2,445 million, representing an increase from $1,946 million in 2023, which is a growth of approximately 25.6%[344]. - Net income for the year ended December 31, 2024, was $393,076 thousand, up from $178,940 thousand in 2023, reflecting a year-over-year increase of about 119.9%[352]. - The company's total assets increased to $6,111,951 thousand in 2024 from $4,888,687 thousand in 2023, marking a rise of about 24.9%[350]. - The company's accounts receivable increased to $3,330,343 thousand as of December 31, 2024, from $2,870,313 thousand in 2023, representing a growth of approximately 16.0%[350]. - Net cash provided by operating activities increased to $739,456 in 2024, up 23.6% from $598,322 in 2023 and 34.6% from $548,734 in 2022[359]. Risks and Challenges - The company faces risks from potential loss of clients, particularly if major advertisers switch agencies or reduce their advertising budgets[92]. - Competition in the advertising market is intense, with new technologies and methods posing challenges to revenue growth and profitability[98]. - Macroeconomic conditions, such as inflation and recession fears, could adversely affect overall advertising demand and client budgets[92]. - Cybersecurity risks pose a threat to the integrity of user and client data, which could lead to reputational harm and loss of clients if compromised[103]. - A breach of security could lead to significant legal and financial liabilities, including government investigations and loss of client trust[107]. - The company faces risks related to payment cycles, particularly with advertising agencies that may not pay until they receive payment from their advertisers[150]. - Seasonal fluctuations in advertising activity could negatively impact revenue, cash flow, and results of operations, especially in the fourth quarter[144]. - The company faces evolving regulations regarding political advertising, which could harm its reputation and client relationships[120]. Compliance and Regulatory Issues - Compliance with evolving privacy and data protection laws may incur additional costs and require changes to the company's platform and business model[108]. - The company anticipates increased regulatory scrutiny regarding the handling of personal data, particularly in the online advertising ecosystem[109]. - State and federal laws are imposing new obligations on businesses regarding consumer data privacy, which may reduce the availability of data for advertising purposes[111]. - The company is subject to potential fines under GDPR, with penalties up to €20 million or 4% of total worldwide annual turnover for breaches[115]. - The introduction of new privacy regulations, such as the proposed ePrivacy Regulation in the EU, may require significant changes to the company's business operations and could result in substantial fines for non-compliance[128]. - The company faces increased operational burdens due to regulatory requirements and user preferences regarding data collection, which may lead to higher operational costs and limit business expansion[130]. Operational and Technological Factors - The company is investing in programmatic television offerings, anticipating growth in the CTV market, which is currently underutilized[96]. - The company is expanding its OpenPath offering to provide clients with direct connections to publishers, aiming to improve inventory access[95]. - The company's platform relies heavily on cookies and device identifiers, and changes in browser policies, such as Google's plan to deprecate third-party cookies by 2025, could disrupt its advertising capabilities[125]. - The company is positioned to adapt to changes in the digital advertising landscape, particularly with its Unified ID 2.0 offering, but the impact of these changes remains uncertain[125]. - The company relies on third-party technology and services, which are critical for platform functionality, and any disruptions could adversely impact operations[155]. - A significant portion of the company's business depends on third-party data center hosting, and interruptions could lead to revenue loss[156]. Financial Performance and Management - Operating expenses for the year ended December 31, 2024, totaled $2,017,664 thousand, compared to $1,745,640 thousand in 2023, which is an increase of approximately 15.6%[352]. - The total stockholders' equity as of December 31, 2024, was $2,949,145 thousand, up from $2,164,219 thousand in 2023, reflecting a growth of about 36.3%[350]. - The company reported a provision for income taxes of $114,226 thousand for the year ended December 31, 2024, compared to $89,055 thousand in 2023, which is an increase of approximately 28.3%[352]. - The company incurred $494,699 in stock-based compensation in 2024, which is consistent with $491,621 in 2023[359]. - The company has limited experience in acquiring and integrating businesses, which could disrupt operations and harm financial condition[201]. - Future acquisitions may involve risks such as regulatory hurdles, integration challenges, and potential dilution of equity securities[202]. Market and Stock Performance - The market price of the company's Class A common stock has historically experienced high volatility, influenced by various external factors[180]. - Substantial future sales of common stock by insiders could lead to a decline in the market price of Class A common stock[183]. - The dual class structure of the company's common stock allows insiders to maintain significant control, potentially limiting other shareholders' influence on corporate decisions[185]. - The company's share repurchase program may not enhance long-term shareholder value and could increase stock price volatility[193]. - The company is required to maintain effective internal control over financial reporting, and any failure could adversely affect investor confidence and stock price[194].
TTD INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that The Trade Desk, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
GlobeNewswire News Room· 2025-02-21 21:00
NEW YORK, Feb. 21, 2025 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against The Trade Desk, Inc. (“Trade Desk” or “the Company”) (NASDAQ: TTD) and certain of its officers. Class Definition This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Trade ...
Shareholder Alert: Robbins LLP Informs Investors of The Trade Desk, Inc. Class Action
Prnewswire· 2025-02-21 02:00
SAN DIEGO, Feb. 20, 2025 /PRNewswire/ -- Robbins LLP informs stockholders that a class action was filed on behalf of all persons or entities that purchased The Trade Desk, Inc. (NASDAQ: TTD) Class A common stock between May 9, 2024 and February 12, 2025. Trade Desk operates globally as a technology company, offering a self-service, cloud-based, ad-buying platform that allows marketers to plan, manage, optimize, and measure data-driven ad campaigns.For more information, submit a form, email attorney Aaron Du ...
TTD INVESTOR ALERT: The Trade Desk, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
Prnewswire· 2025-02-20 20:59
SAN DIEGO, Feb. 20, 2025 /PRNewswire/ -- Robbins Geller Rudman & Dowd LLP announces that purchasers of The Trade Desk, Inc. (NASDAQ: TTD) Class A common stock between May 9, 2024 and February 12, 2025, inclusive (the "Class Period"), have until April 21, 2025 to seek appointment as lead plaintiff of the Trade Desk class action lawsuit.  Captioned United Union of Roofers, Waterproofers & Allied Workers Local Union No. 8 WBPA Fund v. The Trade Desk, Inc., No. 25-cv-01396 (C.D. Cal.), the Trade Desk class acti ...
BREAKING: The Trade Desk, Inc. Sued For Securities Fraud; Investors Should Contact Block & Leviton to Potentially Recover Losses
Newsfilter· 2025-02-20 20:31
BOSTON, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Block & Leviton announces that a securities fraud lawsuit has been filed against The Trade Desk, Inc. (NASDAQ:TTD) and certain of its executives. Investors who have lost money in their The Trade Desk, Inc. investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://blockleviton.com/cases/ttd. What is this all about? The lawsuit alleges that, during the Class Period, the Defendants made materially false ...
BREAKING: The Trade Desk, Inc. Sued For Securities Fraud; Investors Should Contact Block & Leviton to Potentially Recover Losses
GlobeNewswire News Room· 2025-02-20 20:31
BOSTON, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Block & Leviton announces that a securities fraud lawsuit has been filed against The Trade Desk, Inc. (Nasdaq: TTD) and certain of its executives. Investors who have lost money in their The Trade Desk, Inc. investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://blockleviton.com/cases/ttd. What is this all about? The lawsuit alleges that, during the Class Period, the Defendants made materially false ...
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of The Trade Desk. - TTD
Prnewswire· 2025-02-18 23:42
NEW YORK, Feb. 18, 2025 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of The Trade Desk Inc ("Trade Desk" or the "Company") (NASDAQ: TTD). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.The investigation concerns whether Trade Desk and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action] On February 12, 20 ...
The Trade Desk: Thesis Busted?
Seeking Alpha· 2025-02-18 03:38
Group 1 - The Trade Desk (NASDAQ: TTD) experienced notable price action following its recent announcement, which may have caused concern among shareholders [1] - The focus of Potential Multibaggers is on identifying stocks that have the potential to increase tenfold or more over the next decade, appealing to long-term investors [2] - The strategy emphasizes long-term fundamentals over short-term market fluctuations, aiming to provide clarity amidst market noise [2]
Should You Buy, Sell or Hold The Trade Desk Stock Post Q4 Earnings?
ZACKS· 2025-02-17 18:31
The Trade Desk (TTD) shares have plunged 34.4% since the company reported fourth-quarter 2024 results on Feb. 12.  The company’s fourth-quarter performance was impacted by slower adoption of its next-generation platform, Kokai, and a significant reorganization that led to increased complexity.Despite strong demand for its ad-buying platform, the company faced challenges from shifting market conditions and competitive pressures. These factors contributed to a revenue miss, marking the company’s first in 33 q ...
The Trade Desk, Inc. Investigated for Securities Fraud Violations -Contact the DJS Law Group to Discuss Your Rights - TTD
Prnewswire· 2025-02-17 13:26
LOS ANGELES, Feb. 17, 2025 /PRNewswire/ -- The DJS Law Group announces that it is investigating claims on behalf of investors of The Trade Desk, Inc. ("The Trade Desk" or "the Company") (NASDAQ: TTD) for violations of the securities laws.INVESTIGATION DETAILS: The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Trade Desk reported disappointing revenue and EBITDA for Q4 2024 that fell below analyst estimates ...