We consider the electrons of a molecule in the adiabatic time-dependent density functional theory approximation. We establish the well-posedness of the time evolution and its linear response close to a non-degenerate ground state, and prove the appearance of resonances at relevant frequencies. The main mathematical difficulty is due to the structure of the linearized equations, which are not complex-linear. We bypass this difficulty by reformulating the linearized problem as a real Hamiltonian system, whose stability is ensured by the second-order optimality conditions on the energy.