How Is The Trade Desk Able to Pull Off Its Stunning Business Growth?
The Trade Desk (NASDAQ: TTD) is unphased by worries of a global economic slowdown and turbulence in the digital advertising space. The company put up 35% year-over-year revenue growth in the second quarter of 2022, a sizzling pace that far surpassed its peers in advertising technology.
How is the company able to put up fast and steady growth numbers quarter after quarter? In a word: television.
What's so impressive about The Trade Desk's 35% growth rate ($377 million in revenue) in the quarter is the company was lapping a 101% growth rate in the same period last year. Not only did CEO Jeff Green and company hold on to their boom in new business from early on in the pandemic, but they continue to gobble up market share as growth at many other adtech companies dips into the low-teens percentage range or lower -- Alphabet's mighty Google included.
Source Fool.com
