Why Are The Trade Desk Shares Moving Higher On Friday
Why Are The Trade Desk Shares Moving Higher On Friday
The Trade Desk, Inc. (NASDAQ:TTD) stock is trading higher on Friday after the company reported better-than-expected 2024 fiscal year second quarter revenue and issued third quarter guidance above estimates.
周五，纳斯达克TTD股票价格上涨，公司汇报了2024财年第二季度收入超过预期，并发布了高于预期的第三季度指引。
The Details: The Trade Desk reported second quarter earnings after the market closed on Thursday. The company reported adjusted EPS of 39 cents beating analysts estimate of 35 cents and sales of $584.55 million beating analysts estimate of $577.799 million.
细节：交易台于周四收盘后发布了第二季度财报。公司报告了每股收益39美分，超过分析师35美分的估计值，销售额为58455万美元，超过分析师57779.9万美元的估计值。
Notably, the sales figure of $584.55 million represents a 25.91% increase compared to the same period last year. Also, the company reported $242 million in adjusted EBITDA and Non-GAAP net income of $197 million.
值得注意的是，58455万美元的销售额较去年同期增长了25.91％。此外，公司报告了2.42亿美元的调整EBITDA和1.97亿美元的非GAAP净收入。
The Trade Desk issued third quarter guidance for revenue. The company expects at least $618 million versus analyst estimates of $577 million. In addition, the company expects adjusted EBITDA of about $248 million.
交易台发布了第三季度的营业收入指引。公司预计至少为61800万美元，而分析师预计为57700万美元。此外，公司预计调整后的EBITDA约为2.48亿美元。
"Q2 was another strong quarter for The Trade Desk, with revenue of $585 million, representing 26% year-over-year growth. We've made significant strides in CTV, retail media and identity, empowering the world's largest brands to buy premium media on the open internet with unprecedented agility and precision," said Jeff Green, co-founder and CEO of The Trade Desk.
“对于交易台来说，第二季度是又一个强劲的季度，收入达到了58500万美元，同比增长了26％。我们在CTV，零售媒体和身份方面取得了重大进展，为世界上最大的品牌提供了在开放互联网上购买高端媒体的前所未有的机会和精确度。”交易台联合创始人兼CEO杰夫·格林说道。
"As Kokai ramps, we're intuitively surfacing value for advertisers, integrating data into every decision, advancing the full power of AI as a co-pilot, and enabling advertisers to maximize the potential of their first party data. With ongoing innovations in Kokai, the widespread adoption of UID2, and the expanding use of retail data, we will continue to deliver exceptional value to advertisers and grow our leadership in key high growth markets such as CTV."
“随着Kokai的推进，我们正在为广告主直观地展示价值，将数据整合到每个决策中，推动人工智能的全面发挥作用，使广告主最大化其一方数据的潜力。随着Kokai的不断创新，UID2的广泛采用以及零售数据的不断扩大，我们将继续向广告主提供卓越的价值，增长我们在CTV等关键高增长市场的领导地位。”
Analyst Changes: Following the earnings report, several analysts issued price target changes.
分析师变更：财报发布后，几位分析师发表了价格目标变更。
- Keybanc analyst Justin Patterson maintained Trade Desk with a Overweight and raised the price target from $105 to $115.
- Susquehanna analyst Shyam Patil maintained Trade Desk with a Positive and raised the price target from $110 to $135.
- Stifel analyst Mark Kelley reiterated Trade Desk with a Buy and raised the price target from $105 to $111.
- Truist Securities analyst Youssef Squali maintained Trade Desk with a Buy and raised the price target from $105 to $108.
- Wedbush analyst Scott Devitt reiterated Trade Desk with a Outperform and maintained a $110 price target.
- Keybanc的分析师贾斯汀·帕特森维持交易，同时将价格目标从105美元上调至115美元。
- Susquehanna的分析师Shyam Patil认为交易很积极，并将价格目标从110美元上调至135美元。
- Stifel的分析师Mark Kelley重申买入评级，同时将价格目标从105美元上调至111美元。
- Truist Securities的分析师Youssef Squali维持买入评级，同时将价格目标从105美元上调至108美元。
- Wedbush的分析师Scott Devitt重申交易，同时保持110美元的价格目标。
TTD Price Action: At the time of writing, The Trade Desk stock is moving 9.7% higher at $96.84 per data from Benzinga Pro.
TTD市场表现：截至撰写时，交易台股票价格上涨9.7％，为每股96.84美元。来源：Benzinga Pro。
Image: Courtesy of The Trade Desk, Inc.
图片：交易台公司提供。