The Trade Desk, Inc. (NASDAQ: TTD) reported Q3 EPS of $1.27, $0.85 better than the analyst estimate of $0.42. Revenue for the quarter came in at $216.1 million versus the consensus estimate of $180.01 million.

“So far in 2020 we’ve seen several years of advertising disruption and innovation compressed into a few months. As a result, advertisers have become more deliberate and data-driven with every advertising dollar. That helped us deliver record quarterly revenue of $216 million and adjusted EBITDA of $77 million.” said Co-Founder and CEO of The Trade Desk, Jeff Green. “This is the result of our long-term strategic investments to build a compelling Open Internet alternative for advertisers. As advertisers come under pressure to prove the ROI of their campaigns, to take advantage of the mass consumer shift to streaming TV, and to consider alternatives to user-generated content, our investments in these areas are paying off. Whether it’s our focus on measurement capabilities, CTV inventory or the future of identity, advertisers can count on us as the industry’s most innovative and complete demand side platform.”

GUIDANCE:

The Trade Desk, Inc. sees Q4 2020 revenue of $287-291 million, versus the consensus of $252.6 million.

For earnings history and earnings-related data on The Trade Desk, Inc. (TTD) click here.