Trade Desk reported disappointing fourth-quarter earnings, with revenue of $741 million missing analysts' expectations of $759 million, leading to a sharp 30% drop in stock price. While earnings per share rose 44% year-over-year, the company's outlook for the upcoming quarter was also bleak, expecting revenue and EBITDA below Wall Street predictions. Analysts attributed the revenue miss to execution issues and a delayed ad tech platform rollout. Concerns over competition, particularly from Amazon, have increased investor caution as Trade Desk undertakes strategic pivots to enhance performance.
Trade Desk's fourth-quarter earnings miss was attributed to mis-execution and a slower rollout of its latest ad tech platform, Kokai, leading to a stock plunge.
Analysts noted that despite political advertising tailwinds, Trade Desk's Q4 revenue growth decelerated to 22%, prompting strategic pivots to improve results.
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