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Josh Brown, CEO of Ritholtz Wealth Management, joins CNBC's "Halftime Report" to explain his recent portfolio adds.
Recently, Zacks.com users have been paying close attention to The Trade Desk (TTD). This makes it worthwhile to examine what the stock has in store.
The Trade Desk Inc. NASDAQ: TTD is the largest independent demand-side platform (DSP) for advertising buyers. Its self-service, cloud-based advertising technology (AdTech) platform, Kokai, enables advertisers and agencies to programmatically manage digital advertising campaigns across various channels, including video, display, audio, and connected TV (CTV).
U.S. stocks settled higher on Friday, after recording sharp losses earlier during the week. However, major indices recorded losses last week, with the Dow and Nasdaq falling by 0.6% and 0.18%, respectively.
The Trade Desk, Inc. TTD reported second-quarter financial results on Thursday.
The Trade Desk delivered strong results and guidance, with revenue growth rates higher than expected, positioning it well for momentum into 2025. The company's innovative advancements in areas like CTV and retail media have led to robust revenue growth, but macroeconomic challenges and competition pose risks. TTD is priced at 26x forward EBITDA, considered fair but with limited upside potential compared to competitors like AppLovin.
The Trade Desk, Inc. (NASDAQ:TTD ) Q2 2024 Earnings Conference Call August 8, 2024 5:00 PM ET Company Participants Chris Toth - Investor Relations Jeff Green - Chairman, Chief Executive Officer and Founder Laura Schenkein - Chief Financial Officer Conference Call Participants Shyam Patil - SIG Youssef Squali - Truist Securities Justin Patterson - KeyBanc Capital Markets Vasily Karasyov - Cannonball Research Mark Mahaney - Evercore Shweta Khajuria - Wolfe Research Tim Nollen - Macquarie Brian Pitz - BMO Capital Markets Operator Greetings. Welcome to the Trade Desk Second Quarter 2024 Earnings Conference Call.
The Trade Desk (TTD) came out with quarterly earnings of $0.39 per share, beating the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $0.28 per share a year ago.
The Trade Desk forecast third-quarter revenue above analysts' estimates on Thursday, signaling strong demand for automated ad-buying technologies from connected TV companies, sending the ad tech firm's shares up 5% in extended trading.
Digital advertising firm Trade Desk reported Q2 earnings and revenue that topped estimates as internet TV drove growth.