Stock Track | Trade Desk Plummets 5% on Mixed Q3 Earnings and Weak Guidance

Stock Track11-16

The Trade Desk Inc. (TTD), a leading provider of advertising software, saw its stock plummet by 5% in Friday's intraday trading session. The decline was driven by the company's mixed third-quarter earnings report and weaker-than-expected guidance for the upcoming quarter.

In its Q3 earnings release, Trade Desk reported revenues of $628 million, representing a solid 27.3% year-over-year growth. While this beat analysts' expectations by 1.2%, the company's performance was overshadowed by narrowly beating EBITDA estimates and slightly missing billings expectations.

Jeff Green, Co-founder and CEO of Trade Desk, highlighted the company's strong revenue growth and the value advertisers place on precision and transparency. However, investors appeared to be unimpressed with the guidance provided for the upcoming quarter, leading to the stock's sharp decline.

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(TTD), a leading provider of advertising software, saw its stock plummet by 5% in Friday's intraday trading session. The decline was driven by the company's mixed third-quarter ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TTD","symbol_name":"Trade Desk Inc.","start_time":0,"source_url":"","article_id":"1167703905","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1167703905","pubTimestamp":1731688952,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"The Trade Desk Inc. , a leading provider of advertising software, saw its stock plummet by 5% in Friday's intraday trading session. 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