The Trade Desk reported another strong quarter, with Q3 2025 revenue rising 18% year-over-year to $739 million and net income reaching $116 million. Adjusted EBITDA stood at $317 million with a 43% margin, while customer retention remained above 95% for the 11th straight year. The company also repurchased $310 million in shares and expanded its buyback program by an additional $500 million.
CEO Jeff Green credited AI, data, and the Kokai platform for driving the company’s success across connected TV, retail, and cross-channel advertising. Recent upgrades included the Audience Unlimited data marketplace, the OpenAds auction framework, and a new pharma marketplace with IQVIA and Swoop.
Partnerships expanded across CTV and retail media, with collaborations involving DIRECTV, OSN, DAZN, Koddi, and Gopuff, alongside continued adoption of UID2. The company also appointed Anders Mortensen as Chief Revenue Officer to strengthen global growth.
Recognized by Newsweek and Forbes among America’s best companies, The Trade Desk projects Q4 revenue of at least $840 million and adjusted EBITDA near $375 million, underscoring its growing influence in open-internet advertising.