Reported about 14 hours ago
Trade Desk has projected its first-quarter revenue to be at least $575 million, below analyst expectations of $591.8 million, leading to a significant drop of more than 20% in its shares. This forecast highlights weaker demand for its digital advertising services in the connected TV sector, exacerbating concerns over economic uncertainty and rising interest rates affecting client advertising budgets. Despite previously reporting $741 million in the fourth quarter, the company fell short of expectations, which has impacted investor confidence.
Source: YAHOO