The Trade Desk Strong Q1 Earnings Crush Analyst Estimates!

Wall Street Shocked as The Trade Desk Strong Q1 Earnings Exceed Forecasts

Following the closing bell on Thursday, The Trade Desk, Inc. announced its first-quarter results. The quarterly earnings of 33 cents per share, as reported by the company, exceeded the 25-cent analyst average projection.

Strategic Upgrades Pay Off: The Trade Desk Sees 25% Revenue Boost

Revenue for the quarter was $616.02 million, a 25.4% increase over $491.25 million for the same time last year and higher than the consensus forecast of $584.27 million.

We delivered strong results in the first quarter, growing revenue 25% year-over-year to $616 million. We’re encouraged by the early impact of the strategic upgrades at the company we implemented in Q4, which contributed to our outperformance. As we build on this momentum, we’re optimistic about our ability to continue to outpace the market and deliver increasing value to marketers who prioritize objective, transparent, and data-driven media buying on the open internet,

Jeff Green, CEO of The Trade Desk

The Trade Desk Stock Surges After Q2 Sales Outlook Beats Estimates!

The Street’s estimate of $685.04 million for second-quarter sales is lower than the Trade Desk’s prediction of over $682 million. The Trade Desk‘s stock was up 10% at $65.90 after hours after rising more than 6.09% during regular trading on Thursday, according to data from Benzinga Pro.

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