Trade Desk revenue growth slows to lowest level since 2020 downturn
Updated
Updated · Adweek · May 7
Trade Desk revenue growth slows to lowest level since 2020 downturn
12 articles · Updated · Adweek · May 7
First-quarter revenue rose 12% to $689 million, beating estimates, while adjusted EBITDA reached $206 million with a 30% margin.
Shares fell more than 15% after earnings as adjusted profit missed expectations and second-quarter revenue guidance of at least $750 million trailed analyst forecasts.
The company said connected TV, audio video and news products supported growth, while CEO Jeff Green highlighted new AI media-buying agents now being piloted by Stagwell.
Amid a mass executive exodus, can The Trade Desk's leadership navigate its escalating crisis with advertising giants?
With its stock plummeting and competitors circling, can TTD's new AI platform reverse its fortunes?