Trade Desk (TTD) shares rallied more than 20% this morning after the adtech giant reported better-than-expected Q1 earnings, indicating continued demand for its products despite an uncertain macroeconomic environment.
The company based out of Ventura, California grew its revenue by 25% year-over-year to $616 million and earned $0.33 per share in its fiscal first quarter – both handily above Street estimates.
