Advertising technology business, The Trade Desk (TTD US), which has been a core holding in our International Equities Portfolio since mid-2020, reported quarterly results that were inline with expectations overnight. Q2 guidance was solid expecting revenue of at least $452m versus the market estimate of $445.6m with EBITDA of about $160m versus consensus of $157.8 million.
- Our position is showing a ~50% paper profit
MM remains bullish TTD, however we may trim our 6% weighting above ~US$70
Add To Hit List
