The Trade Desk Sees Q4 Revenue $580M Vs $610.82M Est.
Portfolio Pulse from Benzinga Newsdesk
The Trade Desk has provided its Q4 2023 outlook, expecting a revenue of at least $580 million and an adjusted EBITDA of approximately $270 million. The company has not provided an outlook for GAAP Net Income due to the variability and complexity of charges excluded from these non-GAAP measures, particularly those related to stock-based compensation expense.
November 09, 2023 | 9:02 pm
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The Trade Desk's Q4 2023 revenue forecast is lower than estimated, which could negatively impact its stock price. The lack of GAAP Net Income outlook due to unpredictable charges may also create uncertainty among investors.
The Trade Desk's lower than expected revenue forecast for Q4 2023 could lead to a negative sentiment among investors, potentially driving the stock price down. Additionally, the lack of GAAP Net Income outlook due to unpredictable charges may create uncertainty, which could further negatively impact the stock price.
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