Reported about 12 hours ago
The Trade Desk's Q4 2024 Earnings Call revealed mixed results with revenues hitting $741 million, a 22% year-over-year increase; however, the company fell short of its own expectations for the first time in 33 quarters. CEO Jeff Green highlighted a record year with over $12 billion in total spend on the platform and $2.4 billion in revenue but acknowledged execution missteps as factors for the shortfall. The company is recalibrating its strategies including major internal restructures, increased focus on brand partnerships, and enhanced product development to align with rapid market changes. Green expressed confidence in capturing future growth, especially with potential shifts in the digital advertising landscape as competitors like Google retreat from the open Internet.
Source: YAHOO