The advertising technology company that helps companies place targeted ads online and via streaming services reported 1Q24 results this morning (after the close) that were stronger than expected on both revenue and adjusted earnings (EBITDA), while the outlook for the next quarter was also positive.
- Adjusted EPS of 26c vs. 23c y/y, estimate 22c.
- Revenue $491 million, +28% y/y, estimate $480 million.
- Adjusted Ebitda $162 million, +49% y/y, estimate $132.8 million.
In terms of Q2 guidance, they see revenue of at least $575 million vs the current consensus of $566.9 million and adjusted Ebitda about $223 million vs $219.1 million expected. Shares were trading up 2% after hours.
- A solid result from TTD, all progressing as it should and we remain comfortable with our position in the International Equities Portfolio
MM remains long on bullish towards TTD
Add To Hit List
