The Trade Desk Reports Fourth Quarter and Fiscal Year 2023 Financial Results
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The Trade Desk (TTD) shares soar 19% after impressive FQ4 report; Jefferies raises PT
February 15, 2024 4:14 PM ESTThe Trade Desk (NASDAQ: TTD) shot up 19% in premarket trading Friday following the companys notably stronger-than-expected FQ4 revenue and upbeat guidance.
For the FQ4 2023, the company reported earnings per share (EPS) at $0.41, matching the analysts' predictions. Revenue came in at $606 million, up 23% year-over-year, and surpassing the consensus estimate of $581.96 million.
Adjusted EBITDA margin for the quarter stood at 47%, down from 50% in the year-ago period.
Looking ahead, the marketing... More
