Filing Flows › Trade Desk (TTD) › Q4 2024
Trade Desk (TTD) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Feb 21, 2025
Trade Desk (TTD) reported revenue of $741M for the fourth quarter 2024 (Q4 2024), +22% from a year earlier and +18% from the quarter before. Operating margin was 26.4%, net earnings $182M (24.6% of revenue).
Trade Desk, Q4 2024: revenue $741M (+22% year over year), operating margin 26.4%, net earnings $182M, operating cash flow $199M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $741M | +18% | +22% |
| Operating profit | $195M | +80% | +35% |
| Net earnings | $182M | +94% | +87% |
| Operating cash flow | $199M | -27% | +119% |
| Free cash flow | $179M | -20% | +172% |
What changed
Revenue was $741.0M in Q4 2024, up 22% year over year and up 18% from the previous quarter.
Operating profit was $195.3M, a 26.4% margin (up 2.5 points year over year). Of the extra revenue versus a year earlier, 38% reached operating profit, above the 24% margin then. Total costs grew 18% against revenue growth of 22%. The fastest-growing cost line was Cost of revenue (+34%). Net earnings were $182.2M, up 87% year over year. The effective tax rate was 17.8%.
Operating cash flow was $199.4M (up 119% year over year), 109% of net earnings. Non-cash charges added back $24.1M of depreciation and amortization and $129.2M of share-based compensation. Working capital and other items used $136.2M. Capital expenditures of $20.2M left free cash flow of $179.2M.
Questions
What was Trade Desk's revenue in the fourth quarter 2024?
Trade Desk (TTD) reported revenue of $741M for the fourth quarter 2024 (Q4 2024), +22% from a year earlier and +18% from the quarter before.
Was Trade Desk profitable in the fourth quarter 2024?
Operating profit was $195M (26.4% of revenue) and net earnings $182M.
Source: Trade Desk 10-K on SEC EDGAR.