The Trade Desk Sees Q3 2024 Revenue At Least $618M Vs $577M Estimate; Sees Adj. EBITDA ~$248M
Portfolio Pulse from Benzinga Newsdesk
The Trade Desk (TTD) has announced its Q3 2024 revenue forecast to be at least $618 million, surpassing the estimated $577 million. The company also expects an adjusted EBITDA of approximately $248 million.
August 08, 2024 | 9:14 pm
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The Trade Desk (TTD) has provided a strong Q3 2024 revenue forecast of at least $618 million, which is higher than the estimated $577 million. The company also expects an adjusted EBITDA of approximately $248 million.
The Trade Desk's higher-than-expected revenue forecast and strong adjusted EBITDA projection are positive indicators for the company's financial health and future performance. This is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100