Trade Desk projects upbeat fourth-quarter revenue; shares slump amid high expectations
Nov 7 (Reuters) -Ad tech firm Trade Desk TTD.O projected fourth-quarter revenue above Wall Street estimates on Thursday, boosted by strong demand for its digital advertising technologies in the growing connected TV and retail media markets.
Shares of the company, however, fell 8% in extended trading, signaling that Trade Desk's growth failed to impress investors in what Evercore analysts predicted would be a "very high-bar quarter" for the company.
Trade Desk stock has surged 84% this year, having added more than 18% to its value in the past month alone, as strong earnings from Google-parent Alphabet GOOGL.O, Reddit RDDT.N and Snap SNAP.N lifted expectations for digital ad firms.
Major events like the Paris Olympics and higher political ad spending ahead of the U.S. presidential elections had also driven up expectations for Trade Desk.
Trade Desk provides a platform for advertisers that grants access to a vast network of publishers and media partners across video, audio and retail channels, enabling improved targeted ad campaigns.
The company has partnerships with some of the biggest companies across industries, such as streamers Netflix NFLX.O, Disney+ DIS.N, Hulu and HBO+, as well as major retailers, including Walmart, Target, and Albertsons.
The company forecast revenue of at least $756 million for the fourth quarter, above analysts' average estimate of $749.8 million, according to data compiled by LSEG.
Trade Desk reported a 27% jump in revenue to $628 million in the third quarter ended Sept. 30, beating expectations of $619.9 million. It posted a profit of 41 cents per share on an adjusted basis, compared with estimates of 39 cents per share.
Reporting by Deborah Sophia in Bengaluru; Editing by Mohammed Safi Shamsi
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Javobgarlikdan voz kechish: XM Group korxonalari har biri faqat ijro xizmatlarini koʻrsatadi va onlayn savdo platformamizdan foydalanish huquqini beradi, bu odamga veb-saytda yoki veb-sayt orqali mavjud boʻlgan kontentni koʻrish va/yoki undan foydalanishga ruxsat beradi hamda uni oʻzgartirishga moʻljallanmagan va uni oʻzgartirmaydi yoki kengaytirmaydi. Bunday kirish va foydalanish huquqi doimo quyidagilarga boʻysunadi: (i) Shartlar va qoidalar; (ii) Risklar haqida ogohlantirish; va (iii) Javobgarlikni toʻliq rad etish. Shuning uchun bunday kontent umumiy maʼlumot sifatida taqdim etiladi. Xususan, shuni esda tutingki, bizning onlayn savdo platformamiz mazmuni moliyaviy bozorlarda biror bitimni amalga oshirishga oid maslahat yoki taklif emas. Har qanday moliyaviy bozorda savdo qilish sizning kapitalingiz uchun jiddiy risk darajasini oʻz ichiga oladi.
Onlayn savdo platformamizda chop etilgan barcha materiallar faqat taʼlim/axborot maqsadlari uchun moʻljallangan va unda moliyaviy, investitsiya soligʻi yoki savdo maslahatlari va tavsiyalar; yoki bizning savdo narxlarimizning qaydlari; yoki har qanday moliyaviy vositalar bilan bitim tuzish maslahati yoki taklifi; yoki sizga kerak boʻlmagan moliyaviy reklama aksiyalari hisoblanmaydi
Har qanday uchinchi tomon kontenti, shuningdek XM tomonidan tayyorlangan kontent, masalan: fikrlar, yangiliklar, tadqiqotlar, tahlillar, narxlar va boshqa maʼlumotlar yoki bu veb-saytda joylashgan uchinchi tomon saytlariga havolalar umumiy bozor sharhi sifatida "boricha" taqdim etiladi va investitsiya maslahatini tashkil etmaydi. Har qanday kontent investitsiya tadqiqoti sifatida talqin qilinsa, siz bunday kontentni investitsiya tadqiqotlarining mustaqilligini ragʻbatlantirish uchun moʻljallangan qonun talablariga muvofiq moʻljallanmagan va tayyorlanmaganligini eʼtiborga olishingiz va qabul qilishingiz kerak, shuning uchun unga tegishli qonunlar va qoidalarga muvofiq marketing kommunikatsiyasi sifatida qaraladi. Mustaqil boʻlmagan investitsiya tadqiqoti va yuqoridagi maʼlumotlarga oid risk haqida ogohlantirishimizni oʻqib chiqqaningizga va tushunganingizga ishonch hosil qiling, unga bu yerdan kirish mumkin.
