"The Trade Desk Inc. Surges on Strong Revenue and Earnings Forecast"
Trade Desk's fourth-quarter earnings met estimates while revenue surpassed expectations, driven by growth in internet TV. The company's guidance for TTD stock exceeded expectations, leading to a surge in its stock price. Trade Desk reported a 23% increase in revenue to $605.8 million, with a strong outlook for the current quarter, expecting revenue of $478 million and EBITDA of $130 million. The company's performance was attributed to opportunities in connected TV, retail media, identity, and international markets, mitigating concerns related to Google cookie deprecation and Amazon video-on-demand.
