Overview
- The Trade Desk, which reported results Thursday, posted GAAP net income of $40 million with GAAP EPS of 8 cents and adjusted EPS of 28 cents on revenue of $688.9 million.
- Adjusted EPS missed the 32-cent consensus. Revenue beat expectations of about $679 million and rose 12% year over year.
- For the June quarter, the company guided to at least $750 million in revenue and about $260 million in adjusted EBITDA.
- Shares fell about 14% after hours to $20.06 following the release, according to Benzinga Pro data.
- The update lands after a wave of leadership exits and agency reviews in April that led some analysts to flag client revenue risk.