Key Financial Data
- Total revenue: $739 million (+18% year-over)
- Net income: $116 million (+23%)
- Read more Q3 2025 media earnings coverage
The Trade Desk saw strong interest in its advertising technology solutions during the third quarter (Q3) of the year, according to a financial earnings report released on Thursday.
Overall revenue rose 18 percent to $739 million, up from $628 million a year earlier. Net income increased to $116 million, compared with $94 million during the same period last year.
“Our momentum continues to be fueled by new product innovations we’ve launched across our Kokai platform, which are helping the world’s leading brands unlock the full potential of data-driven advertising,” The Trade Desk CEO Jeff Green said in a prepared statement.
Green said artificial intelligence is transforming the advertising landscape and that The Trade Desk’s platform is enabling advertisers to make data-rich, objective buying decisions that drive measurable results. “The pace of our innovation reinforces our leadership position across CTV, retail media and the open internet more broadly,” he said.
The company maintained customer retention above 95 percent for the eleventh straight year and continued to return capital to shareholders. During the quarter, The Trade Desk used $310 million to repurchase Class A shares. In October, the board approved an additional $500 million authorization after completing the remaining $60 million under the previous plan.
Product innovation and new partnerships were key themes during the quarter. The company launched Audience Unlimited, a major upgrade to its data marketplace, and introduced OpenAds, an open-source auction framework aimed at increasing transparency for buyers and publishers. It also rolled out a new Pharma ad marketplace that integrates with IQVIA and Swoop and partnered with Koddi to expand into onsite retail inventory through Gopuff.
In connected TV, The Trade Desk expanded access to premium inventory through collaborations with DIRECTV, OSN in the Middle East and North Africa and DAZN in Europe.
Stock Price
The company ended the quarter with $653 million in cash and equivalents and $792 million in short-term investments. For the fourth quarter, The Trade Desk expects revenue of at least $840 million and adjusted EBITDA of roughly $375 million.
“As we close out 2025 and look to the future, we believe The Trade Desk is uniquely positioned to capture more market share as we help advertisers succeed on the open internet and drive measurable business growth through data and AI,” Green said.
