Two part question. If not already discussed can I have your take on earnings for both Gsy and Ttd and the outlook for each company. Thanks ,
Shane
TTD EPS of 41c beat estimates of 39c; Revenue of $628M beat estimates of $620M. EBITDA of $257M beat estimates by 2%. Trade Desk's 4Q guidance for 24.7% revenue growth marks a deceleration from 3Q's solid 27%, suggesting political ad estimates likely got ahead of themselves. Still, the company remains best-in-class for execution as it benefits from the fast-growing connected-TV and retail-media categories, apart from several partnerships iwhich should all boost growth into 2025 and beyond. In addition to these drivers, Trade Desk is likely poised to capture market share, especially as Google is distracted with several regulatory issues and as advertisers turn to data-driven and non-walled-garden inventory. Competitive advantages with its AI-powered media-buying platform Kokai and traction with UID2 should strengthen the company’s fundamentals. The stock fell after hours, but it had risen nearly $13 in the three trading days before the release. The numbers themselves are decent.
GSY comments are posted.
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