Here’s our initial take on The Trade Desk‘s (NASDAQ: TTD) financial report.
Tensions were high coming into earnings season for The Trade Desk investors, coming off a dramatic 30% plunge the last time the company released results. But unlike three months ago, the business delivered growth that topped Wall Street expectations.
The Trade Desk reported revenue up 25% year over year and adjusted earnings per share up 27% and improved its net income margin by 2 percentage points to 8%. Although revenue growth was not as robust as the 28% The Trade Desk reported a year ago, the results indicate its business is holding up well in what appears to be a tricky environment for advertising businesses.