The Trade Desk, Inc. (NASDAQ:TTD) reported its fourth-quarter financial results after Wednesday's closing bell. Here's a look at the details from the report.
The Details: The Trade Desk reported quarterly earnings of 59 cents per share, which beat the analyst consensus estimate of 56 cents. Quarterly revenue came in at $741.01 million, which missed the analyst consensus estimate of $758.93 million.
The company reported 2024 gross spend of $12 billion and a customer retention rate of over 95% during the year.
Read Next: Inflation Runs Hot In January: ‘Houston We Have A Problem,’ Experts Warn
“The Trade Desk once again outpaced nearly every segment of digital advertising in 2024, delivering $2.4 billion of revenue – marking accelerated growth of 26% year over year – and a record $12 billion of spend on our platform. At the same time, we achieved significant profitability and cash flow. While we are proud of these accomplishments, we are disappointed that we fell short of our own expectations in the fourth quarter,” said Jeff Green, CEO of The Trade Desk.
Outlook: The Trade Desk expects first-quarter revenue to be more than $575 million, versus the $591.8 million estimate.
TTD Price Action: According to data from Benzinga Pro, The Trade Desk shares are down 24% after hours at $92.04 Wednesday.
Read Next:
Image: Shutterstock
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。