Down 30%, Is The Trade Desk a Screaming Buy?
In this video, I will talk about The Trade Desk (NASDAQ: TTD) and go over its recent earnings. I'm also going to touch on why connected television (CTV) is the future and why The Trade Desk is leading the way.
There's a huge shift from linear TV to connected TV; cord-cutting is accelerating each and every year. The likes of The Trade Desk and Roku are heavily benefiting from this shift. According to The Trade Desk, 27% of U.S. cable subscribers intend to cut the cord in 2021, up from the 15% who cut the cord in 2020. Thanks to CTV it will become easier for advertisers to target buyers instead of paying for an ad that gets played to the broader audience and has a low return on investment. More on this topic is discussed in the video below.
The company reported revenue of $219.8 million, a 37% year-over-year increase. Non-GAAP EPS of $1.41 compared to $0.90 the prior year.
Source Fool.com
