The Trade Desk released its fourth-quarter results on February 12, showing a 22% year-on-year revenue growth of $741 million, but missed analysts' expectations of $758 million. The stock accordingly dropped 43% from pre-report levels. Despite concerns over valuation, the company remains well-positioned for future growth, particularly with connected TV enabled advertising, and reported a 44% increase in adjusted earnings per share. Although The Trade Desk outperformed the digital ad industry average of 13% growth, investors are cautioned about buying shares due to high valuations post-earnings.
On Feb. 12, The Trade Desk reported fourth-quarter revenues of $741 million, up 22% year-over-year but below analyst expectations, leading to a substantial stock decline.
Despite a strong revenue growth of 26% to $2.4 billion for 2024 and a 44% increase in adjusted earnings per share, the stock remains undervalued.
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