Trade Desk Surges in Q1 Earnings: Internet TV Growth Fuels Digital Ad Market Boom

• Trade Desk (TTD) reported first-quarter earnings and revenue that surpassed consensus estimates, driven by growth in internet TV.
• The digital advertising firm’s guidance for Trade Desk stock was slightly above expectations.
• The company’s earnings were 26 cents a share, up 13% from a year earlier, and revenue climbed 28% to $491 million.

Trade Desk (TTD) reports impressive Q1 earnings and revenue, surpassing estimates and experiencing growth driven by internet TV. The company’s guidance for its stock was also above expectations.

Trade Desk’s Revenue Outlook

The Ventura, California-based company reported that earnings before interest, taxes, depreciation, and amortization (EBITDA) rose 48% to $162 million, surpassing earlier estimates of $133 million. TTD stock rose more than 1% to 87.30 in extended trading. For the current June-ending quarter, Trade Desk expects revenue of $575 million at the midpoint of guidance, topping estimates of $567 million. The company also forecast EBITDA of $223 million, higher than Wall Street’s consensus estimate of $219 million.

Trade Desk Stock Performance

Before the earnings report, TTD stock had advanced 21% in 2024 and 40% from a year ago. The stock holds a relative Strength Rating of 88 out of a best possible 99, according to IBD Stock checkup. This performance indicates a strong market presence and a promising future for the digital advertising firm.

Conclusion

Trade Desk’s impressive Q1 results and optimistic guidance for its stock demonstrate the company’s strong market position and growth potential. The rise in earnings and revenue, driven by internet TV, highlights the increasing importance of digital advertising. Investors should keep an eye on this stock as it continues to show promising performance.