The Trade Desk(TTD)2025-05-08 20:11Financial Performance - Revenue for Q1 2025 was $616 million, representing a 25% year-over-year increase from $491 million in Q1 2024[3] - Net income for Q1 2025 was $51 million, with a net income margin of 8%, compared to $32 million and a 6% margin in Q1 2024[3] - Adjusted EBITDA for Q1 2025 was $208 million, with an adjusted EBITDA margin of 34%, up from $162 million and 33% in Q1 2024[3] - Net income for Q1 2025 was $50,678,000, a 60% increase from $31,660,000 in Q1 2024[22] - Adjusted EBITDA for Q1 2025 reached $207,875,000, compared to $161,734,000 in Q1 2024, reflecting a 28.5% growth[24] - Non-GAAP net income for Q1 2025 was $164,993,000, up from $130,868,000 in Q1 2024, indicating a 26% increase[24] - GAAP diluted earnings per share for Q1 2025 was $0.10, compared to $0.06 in Q1 2024, reflecting a 66.7% increase[24] Customer Metrics - Customer retention rate remained over 95% for the past eleven consecutive years[4] Future Projections - The company expects revenue of at least $682 million and adjusted EBITDA of approximately $259 million for Q2 2025[7] Acquisitions and Integrations - The acquisition of Sincera, a digital advertising data company, was completed in Q1 2025, aimed at enhancing the platform's capabilities[7] - OpenPath integration has led to significant improvements, including an 8.6x increase in inventory fill-rate and a 97% revenue increase for NY Post[7] Stock Repurchase - The company repurchased $386 million of its Class A common stock in Q1 2025, with $631 million remaining authorized for repurchases[7] - The company repurchased $386,250,000 of Class A common stock during Q1 2025, compared to $125,280,000 in Q1 2024, showing a significant increase in share buybacks[22] Operational Metrics - The company reported a net cash provided by operating activities of $291,433,000 for Q1 2025, an increase from $185,472,000 in Q1 2024, representing a growth of 57%[22] Balance Sheet - Total current assets decreased to $4,856,335,000 as of March 31, 2025, down from $5,336,458,000 as of December 31, 2024, representing a decline of 8.9%[20] - Cash and cash equivalents at the end of Q1 2025 were $1,118,545,000, down from $1,369,463,000 at the beginning of the period, a decrease of 18.4%[22] - Total liabilities decreased to $2,988,757,000 as of March 31, 2025, from $3,162,806,000 as of December 31, 2024, a reduction of 5.5%[20] - Total stockholders' equity decreased to $2,716,684,000 as of March 31, 2025, from $2,949,145,000 as of December 31, 2024, a decline of 7.9%[20] Leadership Changes - Vivek Kundra was appointed as Chief Operating Officer, bringing extensive operational expertise to drive growth and efficiency[4]