The Trade Desk jumps more than 15% after beating forecasts and announcing its co-founder's return
The Trade Desk reported third-quarter revenue of $736 million, down 0.5% year over year but above its own forecast of $650 million and the analyst consensus of $651.4 million. Adjusted EBITDA fell 16% to $266 million and adjusted earnings per share dropped nearly 27% to $0.33, also above expectations. The stock rose more than 15% after the results and the return of co-founder Dave Pickles as CTO.
In 30 seconds
- Third-quarter revenue of $736 million, above its own $650 million forecast and the $651.4 million consensus.
- Adjusted EBITDA of $266 million (-16%) and adjusted EPS of $0.33 (-27%), both above estimates.
- Customer retention remained above 95% in the quarter.
Read the full story at The Motley Fool
IASummary generated by artificial intelligence from a story by The Motley Fool. It may contain errors: the original source prevails.
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