The Trade Desk, Inc. (TTD) Tops Q2 EPS by 75c, Revs Beat; Guides Higher

The Trade Desk, Inc. (NASDAQ: TTD) reported Q2 EPS of $0.92, $0.75 better than the analyst estimate of $0.17. Revenue for the quarter came in at $139.4 million versus the consensus estimate of $134.86 million.

“While the advertising industry hit the pause button early in the second quarter due to uncertainty around the COVID-19 pandemic, we saw substantial improvement in ad spend as the quarter progressed. Indeed, the month of June ended strongly with ad spend growth turning positive on a year-over-year basis. This improvement comes as marketers recognize the role that data-driven advertising plays in driving business growth as markets start to reopen,” said Jeff Green, Co-Founder and CEO, The Trade Desk. “In this environment, advertisers value the agility and flexibility that our platform provides, along with the ability to measure the ROI of every advertising dollar. Nowhere is this more apparent than television, where the accelerated consumer shift to streaming services and the greater availability of premium inventory, allows advertisers to apply data to their massive TV campaigns for the first time.”

GUIDANCE:

The Trade Desk, Inc. sees Q3 2020 revenue of $117-181 million, versus the consensus of $157.57 million.

For earnings history and earnings-related data on The Trade Desk, Inc. (TTD) click here.

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