Trade Desk Inc. (TTD) reported Q3 earnings with revenue of $493M, beating expectations of $487.2M, and EPS of $0.33, surpassing the estimated $0.29. However, the company's weak guidance for Q4, with revenue at $580M versus an estimate of $610.2M and EBITDA at $270M versus an estimate of $290M, led to a 30% drop in its stock price. The company also lost nearly $10 billion in market cap in just two minutes after the earnings report. The weak forecast, attributed to auto and Hollywood strikes, raised concerns about the health of the ad market.
Ad tech firm Trade Desk sinks as auto, Hollywood strikes hit forecast https://t.co/R3QMYEaSWa https://t.co/ZNbDtbzXi1
Analyst EPS downgrades for 4Q by sector https://t.co/TyswRZS1mK
Understatement redefined wrt @TheTradeDesk by @business βEconomic pressures may be weighing on the advertising market and revenue-growth reacceleration thatβs modeled for 2024 may be premature.β
Trade Desk shares fall 23% in premarket on lower guidance https://t.co/9fFgnMwjGd
Trade Desk shares fall 23% in premarket on lower guidance https://t.co/XthAGeZSEV
$TTD (-24.0% pre) The Trade Desk (TTD) craters on weak guidance; analysts say buy after 'dust settles' https://t.co/4ntMnZn8y7
Trade Desk Stock Collapses. Analysts Say It Looks Like a Dip-Buying Opportunity. https://t.co/p05f8YljFX
Trade Desk plummets on muted forecast as ad sales slow into holiday quarter https://t.co/Xo1AZNRyMD
Trade Desk shares plummet on dour Q4 revenue forecast https://t.co/mfY2RyNKhF https://t.co/V3OtRlyFdf
Trade Desk plummeted as much as 31% in extended trading Thursday after a weak revenue forecast, sending up a warning flare about the health of the ad market https://t.co/IPEWmJi98J
Trade Desk plummeted as much as 31% in extended trading Thursday after a weak revenue forecast, sending up a warning flare about the health of the ad market https://t.co/M34hnRbjPD
Trade Desk plummeted as much as 31% in extended trading Thursday after a weak revenue forecast, sending up a warning flare about the health of the ad market https://t.co/AI5JgXPYiV
Trade Desk plummeted as much as 31% in extended trading Thursday after a weak revenue forecast, sending up a warning flare about the health of the ad market https://t.co/55BdChMQEm
Trade Desk shares plunge 30% on weak guidance tied to auto strikes $TTD https://t.co/zmv8KVYD4m
The Trade Desk $TTD 3Q23 Earnings πͺπ» - Rev $493m +25% βοΈπ’ +27% (ex-political spend) βοΈπ’ - Adj EBITDA $200m +23% βοΈ margin 40% -77 bps βοΈπ΄ - NG EBIT $38m +31% βοΈ margin 8% +34 bps β - NG Net Inc $167m +31% βοΈ margin 34% +159 bps β - Net Inc $39m +148% π margin 8% +396 bps β β¦ https://t.co/JE9i0nHFiW
Trade Desk shares plummet on dour Q4 revenue forecast https://t.co/OJhxrzOLNW https://t.co/DDmpLSXw1n
Trade Desk shares plunge about 30% on weak guidance tied to auto, Hollywood strikes https://t.co/pvNVdydDtR
Trade Desk shares plummet on dour Q4 revenue forecast https://t.co/OijHqgsA8O https://t.co/nVmcMPGN4T
Unity shares slide as the company posts a revenue miss and skips guidance https://t.co/c3FBmXzKzT
Unity shares slide as the company posts a revenue miss and skips guidance https://t.co/QAsWb0bBg4
The Trade Desk Shares Plummet on Weak Ad Outlook https://t.co/7pegRy2wsX
Trade Desk shares plunge about 30% after ad-tech company issues weak guidance https://t.co/v8J6A2f28x
Trade Desk shares plunge about 30% after ad-tech company issues weak guidance https://t.co/PAcx9xSWFp
$TTD Trade Desk conference call starting https://t.co/8cJmLMwPsb
$TTD, Trade Desk Inc, is down 30% after its earnings. It lost nearly $10 billion in market cap in two minutes. https://t.co/devWtYJTJS
Trade Desk $TTD is down almost 30% in after hours followings itβs earnings https://t.co/uECKR9cJnO
TRADE DESK JUST VOMITED π€’ DOWN 26% ON WEAK GUIDANCE $TTD GOOD: Revenue of $493M beating exp of $487.2M EPS of $0.33 beating exp of $0.29 BAD: Sees 4Q revenue at $580mn vs est $610.2mn Sees 4Q EBITDA 270m. Vs est 290mn Ad cos in 2024 = sulfuric acid mixed w diarrhea https://t.co/cjA0ijQcn5
$TTD Trade Desk beats, guidance disappoints. -25% AH https://t.co/kSl8TP4gRp
Trade Desk, $TTD earnings: - Revenue $493M vs $487.2M - EPS $0.33 vs $0.29 Hawaiian Electric, $HE: - EPS 37C v 52C $HE Plug, $PLUG: - EPS $-0.47 v #0.3 - Rev $199M vs $238M Blink charging, $BLNK: - Loss/shr 16c vs -49c - Rev $43.4M vs $30M Link: https://t.co/Q2LOTrMPJs
Trade Desk, $TTD earnings: - Revenue $493 million vs $487.2 million - EPS $0.33 vs $0.29 Hawaiian Electric, $HE earnings: - EPS 37C v 52C $HE Blink charging, $BLNK, earnings: - Adj loss/share 16c vs loss/share 49c - Revenue $43.4M vs $30.4M Link: https://t.co/Q2LOTrNnz0
$TTD | Trade Desk Q3 Earnings: - EPS $0.33 (Est. $0.29) - Sales $493.27M (Est. $487.16M)
TRADE DESK $TTD JUST REPORTED EARNINGS EPS of $0.33 beating expectations of $0.29 Revenue of $493M beating expectations of $487.2M