Trade Desk Shares Surge Following Strong Q4 Earnings and Optimistic Outlook
The advertising technology firm outperforms market expectations with a significant revenue increase and announces an expanded share repurchase program.
- Trade Desk's Q4 earnings reveal a 23% increase in sales, reaching $606 million, surpassing analysts' expectations.
- The company's net income rose 37% to $97 million, showcasing strong profitability.
- First-quarter sales are projected to exceed $478 million, indicating a positive outlook for the company.
- Trade Desk announces an additional $647 million in share repurchases, highlighting confidence in its financial health.
- The firm's success is attributed to its focus on connected TV and retail media, areas with growing advertiser interest.
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Benzinga 