From The Economic Times · · 1m 10s
The Trade Desk stock surges 15% despite revenue drop
The Trade Desk shares jumped 15.5% after Q3 results beat estimates despite revenue decline.
In brief
The Trade Desk shares jumped 15.5% after Q3 results beat estimates despite revenue decline. The Trade Desk's stock surged 15% following Q3 results that exceeded revenue expectations while showing progress in AI initiatives and customer retention. Originally reported by The Economic Times.
Q3 results beat estimates
The Trade Desk shares jumped 15.5% to $14.93 after reporting third-quarter revenue of $736 million, exceeding expectations despite a 0.5% year-on-year decline.
Earnings beat analyst expectations
The company reported adjusted earnings of 33 cents per share, beating analyst expectations of 25 cents.
Profitability declines
Net income dropped to $38 million from $116 million a year earlier, with adjusted EBITDA falling to $266 million.
AI growth initiatives
CEO Jeff Green sees AI as a major opportunity, expanding agentic AI capabilities to help advertisers manage campaigns and improve targeting.
Kokai Zuma platform update
The Trade Desk introduced Kokai Zuma, an upgraded platform with agentic AI and a more intuitive interface for automating advertising tasks.
Customer retention above 95%
Customer retention remained above 95% in the September quarter, extending a decade-long streak.
The short version
The Trade Desk's stock surged 15% following Q3 results that exceeded revenue expectations while showing progress in AI initiatives and customer retention.
