Business Context and Reporting Period
This Form 8-K is a current report filed by The Trade Desk, Inc. on May 26, 2022. The filing serves as a Regulation FD disclosure confirming the company's financial guidance for the quarter ending June 30, 2022, originally reported on May 10, 2022.
Key Financial Metrics and Guidance
The filing provides specific forward-looking guidance for the second quarter of 2022 (ending June 30, 2022):
- Revenue: Expected to be at least $364 million.
- Adjusted EBITDA: Expected to be approximately $121 million.
The filing text does not provide clear values for actual revenue, profit, cash flow, margins, debt, or liquidity for the prior quarter ended March 31, 2022, nor does it detail current balance sheet items.
Material Changes
This report does not disclose material changes to financial results compared to the prior period. It explicitly states that the guidance provided on May 10, 2022, remains unchanged as of the date of this filing.
Outlook, Risks, and Contingencies
Outlook: Management maintains its expectation for Q2 2022 revenue and Adjusted EBITDA as stated above.
Risks and Forward-Looking Statements: The filing includes standard disclaimers noting that forward-looking statements are based on current plans and estimates. Actual results may differ materially due to risks and uncertainties beyond the company's control, as detailed in recent Form 10-K and 10-Q filings. The company does not intend to update these statements to reflect future events.
Investor Verification Checklist
- Verify the Q2 2022 revenue guidance of at least $364 million against actual results when the 10-Q is filed.
- Confirm the Adjusted EBITDA guidance of approximately $121 million against actual results.
- Review the most recent Form 10-K and 10-Q for detailed risk factors and historical financial performance not included in this 8-K.
- Note that this 8-K is not deemed "filed" for Section 18 liability purposes under the Exchange Act.