The Trade Desk Posts 33% Revenue Growth
Despite the coronavirus negatively impacting advertising spend during the last few weeks of March, The Trade Desk (NASDAQ: TTD) still managed to post some impressive growth during Q1. The company's top line jumped 33% year over year, nearly in line with the 35% growth that the data-driven digital-advertising specialist saw in the fourth quarter of 2020.
Despite a strong first quarter that featured better-than-expected results on both The Trade Desk's top and bottom lines, investors should brace for a potential significant slowdown in Q2. Citing uncertainty about the ongoing impact of COVID-19, the tech company refrained from providing second-quarter guidance, and even withdrew its full-year outlook.
Overall, however, there were lots of reasons to be optimistic about The Trade Desk's business. Here's a closer look at the quarter.
Source Fool.com
