The Trade Desk’s Q3 revenue climbs 18% despite stock struggles near yearly lows
The Trade Desk has released its latest financial results, showing steady growth despite market challenges. The advertising technology firm reported an 18% rise in Q3 revenue, reaching $739 million. Yet, its stock price remains near a 52-week low as investors question its ability to compete with larger rivals like Amazon.
The company’s Q3 earnings per share climbed to $0.23, up from $0.19 in the same period last year. Revenue growth has been fueled by new clients and increased spending per campaign, with Connected TV (CTV) advertising performing particularly well. For Q4, The Trade Desk expects revenue of at least $840 million.
The Trade Desk continues to grow its revenue, supported by strong demand in CTV advertising. But competition from Amazon and broader industry shifts remain key risks. With its stock price near a yearly low, the company’s next moves will be closely watched by investors.
