The Trade Desk(US:TTD) Zheng Quan Ri Bao Wang·2025-11-10 13:47Core Insights - The Trade Desk (TTD) reported a strong performance in Q3 2025, with revenue reaching $739 million, an 18% increase year-over-year [1][2] - The company anticipates Q4 2025 revenue to be at least $840 million, with adjusted EBITDA projected at approximately $375 million [1] - TTD's board approved an additional $500 million for stock buybacks, following a $310 million repurchase in Q3 2025 [1] Financial Performance - Q3 2025 revenue: $739 million, up 18% from the previous year [1][2] - Adjusted EBITDA for Q3 2025: approximately $317 million [1] - Q4 2025 revenue forecast: at least $840 million, with adjusted EBITDA around $375 million [1] Stock Buyback Program - TTD repurchased $310 million of Class A common stock in Q3 2025 [1] - As of September 30, 2025, TTD had $60 million of authorized but unused stock buyback capacity [1] - The remaining $60 million of the buyback plan was completed by October 2025 [1] - An additional $500 million stock buyback program was approved by the board [1] Market Position and Strategy - TTD's growth is attributed to innovative products launched on the Kokai platform, enhancing data-driven advertising for global brands [2] - The company is leveraging artificial intelligence to reshape the advertising ecosystem, increasing reliance from global clients [2] - TTD maintains a leadership position in Connected TV (CTV), retail media, and the Open Internet advertising ecosystem [2] - The company aims to continue helping advertisers achieve growth in the Open Internet and gain greater market share [2]