Ad-tech company capitalizes on the rise of connected TV

  • Trade Desk’s stock soars as earnings forecast exceeds expectations
  • Company expects at least $478 million in revenue for the first quarter
  • Shares of Trade Desk up nearly 20% in after-hours trading
  • Fourth-quarter net income of $97 million, beating previous year’s earnings
  • Growing interest in connected TV and retail media

Trade Desk Inc. shares were soaring in Thursday’s extended session as the advertising-technology company easily cleared the bar with its forecast for the current quarter. The company models at least $478 million in revenue for the first quarter, along with about $130 million in adjusted earnings before interest, taxes, depreciation and amortization (Ebitda). Shares of Trade Desk TTD, +1.88% were up nearly 20% in Thursday’s aftermarket action. Trade Desk posted fourth-quarter net income of $97 million, or 19 cents a share, compared with $71 million, or 14 cents a share, in the year-before period. On an adjusted basis, Trade Desk earned 41 cents a share, up from 38 cents a year before and matching the FactSet consensus view. Revenue increased to $606 million from $491 million, whereas analysts were modeling $582 million. "Our results are testament to the growing value that advertisers are placing on the open internet versus the limitations of walled gardens," Chief Executive Jeff Green said in a release. He added that more "of the world’s leading advertisers are gravitating to channels and partnerships that offer precision and premium value at scale, such as connected TV (CTV) and retail media."

Companies Public: Trade Desk Inc. (TTD)
Key People: Jeff Green (Chief Executive)

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Factuality Level: 8
Factuality Just: The article provides specific information about Trade Desk Inc.’s forecast for the current quarter, including revenue and adjusted earnings before interest, taxes, depreciation, and amortization (Ebitda). It also includes the company’s fourth-quarter net income and adjusted earnings per share, as well as revenue figures. The statements from Chief Executive Jeff Green are presented as quotes. Overall, the article provides factual information about the company’s financial performance.
Noise Level: 3
Noise Just: The article provides information on Trade Desk Inc.’s forecast for the current quarter, including revenue and adjusted earnings. It also mentions the company’s fourth-quarter net income and revenue. However, the article lacks in-depth analysis, evidence, and actionable insights. It mainly focuses on reporting the company’s financial figures without providing any context or implications for the readers.
Financial Relevance: No
Financial Markets Impacted: No
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Just: The article pertains to the financial performance of Trade Desk Inc., a company in the advertising-technology industry. It provides information about the company’s forecast for the current quarter, its fourth-quarter net income, and its revenue growth. There is no mention of any extreme event or its impact.

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