The Trade Desk (TTD) closed the recently traded session at $70.01, 1.52% less than the previous trading session. At the last check, in the pre-market, the stock lost 7.81% to $64.54. The decrease came right after the analyst rating given by Stifel, resuming the stock rating, assigning the target price to $68.
The Trade Desk is a technology company that empowers buyers of advertising, providing a self-service platform, headquartered in California, United States of America.
TTD: Financials
The Trade Desk (TTD) released the financial results for the third quarter of FY22, which are as follows:
- The company reported the total revenue to be $301.91 million.
- The Diluted EPS is 0.12
- Net income was reported to be $59.38 million.
The Zacks revenue estimates for Q4 of FY22are extending net sales of $389.88 million, an increase of 21.87% from the year-prior period.
CEO’s Remarks
The Chief Executive Officer (CEO) of The Trade Desk, Inc (TTD), Jeff Green, while announcing the appointment of key leadership on February 1, 2022, said that in just 12 years, The Trade Desk has become a leading platform for digital advertising. He further said that as the worldwide promoting industry races toward a $1 trillion absolute market size, we continue to lead and grow.
“To assist with achieving this, we are scaling our leadership, guaranteeing we have the right insight and assets to drive development in each part of our business all over the world.”, he said.
Company’s Announcement
The Trade Desk (TTD) declared that it would release the financial summaries for the final quarter and financial year finished December 31, 2021, preceding the market opening on Wednesday, February 16, 2022. The Trade Desk will have a webcast and telephone call to talk about a final quarter and fiscal year financial outcomes at 8:30 A.M. Pacific Time.
