Trade Desk reported December-quarter earnings and revenue on Wednesday that topped analyst estimates. TTD stock fell, although the digital advertising company's March quarter guidance came in above expectations.
Ventura, Calif.-based Trade Desk reported fourth-quarter earnings before the market open. TTD stock wavered throughout the session and ended up fractionally to 80.91 on the stock market today.
Trade Desk earnings were 42 cents per share, up 14% from a year earlier. Revenue rose 24% to $395.6 million. A year earlier, Trade Desk earnings were 37 cents a share on sales of $320 million.
Analysts expected Trade Desk earnings of 27 cents a share on sales of $389.2 million for the period ended Dec. 31.
The company said earnings before interest, taxes, depreciation and amortization, known as EBITDA, came in at $191.5 million, up 48%, vs. estimates of $178 million.
TTD Stock: Guidance Tops Views
Strong growth in internet TV ad revenue has been a bright spot for TTD stock. Analysts also expect a partnership with retail giant Walmart to kick in in 2022.
Trade Desk forecast March quarter revenue of $303 million at the midpoint of guidance vs. analyst estimates of $288 million. Trade Desk said it expects adjusted EBITDA of $91 million vs. estimates of 81.1 million.
Trade Desk's automated platform enables brands and ad agencies to buy online and mobile ads in real time, rather than in advance manually. In addition, Trade Desk helps clients leverage online data to improve their targeted advertising.
In addition, Trade Desk stock holds a Relative Strength Rating of 56 out of a possible 99.
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