The Trade Desk (TTD) reported Q2 results that beat expectations on Thursday, with revenue of $585 million, representing a 26% increase year-over-year. As a result, TTD issued guidance for Q3 that is well ahead of current analyst consensus.
The growth is consistent with what the company has seen over the past few years. “We’ve grown more than 20% in each of the last 10 quarters,” the company said in a statement to investors.
Also consistent over the past few years is the company’s customer retention, with TTD reporting a 95% retention during Q2.
The company touted several partnerships with key streamers, and the success of new tools that it has pioneered, namely Unified ID 2.0 (UID2). For instance, Netflix and Fox both expanded their partnerships, and Roku, Sirius XM, and LG Ad Solutions have all adopted UID2.
For Q3, the company predicts revenue of at least $618 million, with an adjusted EBITDA of approximately $248 million.