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Economics
Business

Trade Desk Inc. ($TTD) Plummets 30% After Weak Q4 Guidance Due to Auto, Hollywood Strikes

Authors
  • Reuters
  • Bloomberg
  • CNBC

16 posts • ChatGPT (GPT-3)

Updated

Trade Desk Inc. ($TTD) experienced a significant drop of around 30% in after-hours trading following its earnings report. The company beat revenue and EPS expectations but issued weak guidance for Q4, with forecasted revenue at $580M, below the estimated $610.2M, and EBITDA at $270M, lower than the estimated $290M. The stock plummeted due to concerns about the health of the ad market and the impact of auto and Hollywood strikes on its forecast. Analysts suggested buying after the 'dust settles.'

#Hollywood

Sources

    Reuters
    ReutersTwitter verified badge
    @Reuters
    Ad tech firm Trade Desk sinks as auto, Hollywood strikes hit forecast https://t.co/R3QMYEaSWa https://t.co/ZNbDtbzXi1
    CNBC Tech
    CNBC TechTwitter verified badge
    @CNBCtech
    Trade Desk shares fall 23% in premarket on lower guidance https://t.co/9fFgnMwjGd
    CNBC
    CNBCTwitter verified badge
    @CNBC
    Trade Desk shares fall 23% in premarket on lower guidance https://t.co/XthAGeZSEV

Story Timeline

  • •Latest version
    Trade Desk Inc. ($TTD) Plummets 30% After Weak Q4 Guidance Due to Auto, Hollywood Strikes
  • Arm Forecasts Weaker Q3 Due to Deal Delay, Trade Desk Shares Plummet 31%
  • •Original version
    Trade Desk ($TTD) Plunges 30% on Weak Q4 Guidance, Auto and Hollywood Strikes

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