Trade Desk experienced a significant stock drop of over 28% following the Q2 earnings report, which matched earnings estimates but exceeded revenue forecasts, reaching $694 million. Though guidance for September was in-line with expectations, investors were disappointed by the lack of a turnaround. The company reported a 39% rise in EBITDA to $271 million, surpassing estimates. Trade Desk's platform enhances ad buying and targeting through real-time data leverage, with internet TV identified as a key growth area. Following a substantial stock retreat earlier in the year, Trade Desk continues to hold strong technical ratings.
Trade Desk reported a 39% increase in EBITDA to $271 million, surpassing analysts' expectations of $261 million.
Despite a nearly 19% year-over-year revenue growth to $694 million, Trade Desk stock fell more than 28% after earnings report.
For the September quarter, Trade Desk expects $717 million in revenue and $277 million in EBITDA, both closely aligning with analysts' forecasts.
The company enables real-time online ad buying, enhancing targeted advertising through data leverage, contributing to growth in internet TV segments.
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