Investor Presentaiton
Q2 2022
GAAP
financial
information
THE TRADE DESK, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(Amounts in thousands, except per share amounts)
(Unaudited)
Three Months Ended
June 30,
Six Months Ended
June 30,
2022
2021
2022
2021
Revenue
$
376.962 $
279,967 $
692,285 $
499,778
Operating expenses
Platform operations
(1).
67.490
50,809
131.380
101.309
Sales and marketing
89.420
61,755
160,108
117,519
Technology and development
General and administrative
Total operating expenses
Income (loss) from operations
83,483
53,536
155,482
107.454
134,826
51,919
260,625
103,764
375,219
218,019
707,595
430,046
1.743
61,948
(15.310)
69,732
Total other expense (income), net
(339)
398
(58)
90
Income (loss) before income taxes
2,082
61,550
Provision for (benefit from) income taxes
21.155
13.853
Net income (loss)
$
(19.073) S
47,697 S
(15,252)
18.419
(33,671) S
69,642
(697)
70.339
Earnings (loss) per share:
Basic
$
(0.04) $
0.10 $
Diluted
$
(0.04) $
0.10 $
(0.07) $
(0.07) $
0.15
0.14
Weighted-average shares outstanding:
Basic
Diluted
486,310
486.310
475,512
496,987
485,256
485,256
474,172
497,449
(Includes stock-based compensation expense as follows:
Platform operations
Sales and marketing
Technology and development
General and administrative
Total
(1)
STOCK-BASED COMPENSATION EXPENSE
(Amounts in thousands)
(Unaudited)
Three Months Ended
June 30,
Six Months Ended
June 30,
2022
2021
2022
2021
$
4,787 $
17,332
4,091 $
14.579
10,737 $
33.857
9,106
28.263
22.224
13,974
44,617
30,068
80,870
12.553
160,897
30.114
S
125.213 $
45,197 $
250,108 $
97,551
(1)Includes stock-based compensation expense related to a long-term CEO performance grant of $66 million and $131 million for the
three and six months ended June 30, 2022, respectively.
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