The Trade Desk (TTD) reported a strong financial performance for 2025, with revenues of $2.9 billion, up 18% from the previous year, and fourth-quarter revenues of $847 million, positioned for 14% growth. The company ended the year with $1.3 billion in cash and no debt, establishing a robust liquidity profile that enhances its operational flexibility. Adjusted EBITDA reached $1.19 billion for 2025, translating to a 41% margin, while quarterly free cash flow for Q4 stood at $282 million.
With international business accounting for approximately 16% of total revenues, TTD is leveraging its financial strength to invest in AI-driven platforms like Kokai and expand its market footprint. In 2025, the company executed a $1.4 billion share repurchase program and announced an additional $350 million authorization, indicating a focus on enhancing shareholder value while offsetting stock-based compensation dilution.
Competition remains fierce, especially from Amazon, which reported $21.3 billion in advertising revenues for Q4 2025, up 22% year over year. TTD’s cash position is critical amid increasing digital advertising trends, allowing it to continue focusing on growth areas such as connected TV and retail media.
