The stock of programmatic marketing automation company The Trade Desk (NASDAQ: TTD) has had a strong start in 2023, skyrocketing by 52% year to date, as opposed to the S&P 500's modest gain of 10%.

The Trade Desk's first-quarter 2023 earnings report, released after the market close on May 10, revealed that the company's revenue and earnings surpassed what many analysts had predicted. Moreover, the company's projections for the second quarter also exceeded analysts' expectations. This quarterly report also displayed The Trade Desk's continued outperformance over the rest of the adtech industry, enabled by industry dynamics that management is confident will continue well into the future.

Read on to learn why this is one of the best growth stocks in this bear market.

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Source Fool.com