Amid a whirlwind of headlines chronicling trepidation among the adtech sector, The Trade Desk beat earlier analyst expectations posting revenues of $85.7m for the first quarter of the year, an increase of 61% year-over-year.
The performance beat expectations by $12.7m, with the company’s share price rising 22.1% ahead of the company’s subsequent earnings call, with The Trade Desk additionally forecasting revenues of $103m for the second quarter and $443m for the year.
Performance was driven by continued omnichannel growth with The Trade Desk leadership claiming that a host of product launches in the connected TV (CTV) space Read full story ›
Source: The Drum
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