Trade Desk Revenue Soars in Standout Quarter
On Tuesday afternoon, adtech company The Trade Desk (NASDAQ: TTD) put to rest concerns about whether it's seeing the same weakness in demand that many other digital advertising companies are seeing. The tech company not only posted standout results but also guided for strong third-quarter growth. Its momentum contrasts with the figures seen in many other major digital advertising peers' recent earnings reports.
Here's a closer look at the results -- and why they're so impressive.
The digital ad-buying platform provider's second-quarter revenue surged 35% year over year, easily overcoming both management's guidance and analyst's consensus forecast for the period. Even better, Trade Desk provided strong guidance. Management said it expected third-quarter revenue to grow at a high rate of about 28% year over year.
Source Fool.com
