The Trade Desk Just Obliterated Analyst Estimates
It was clear going into The Trade Desk's (NASDAQ: TTD) third-quarter update yesterday that digital ad spend was back in full force. Facebook and Alphabet both reported accelerated revenue growth handily ahead of analyst estimates. But investors weren't sure how this would carry over to programmatic advertising, which was hit exceptionally hard during the peak of business shutdowns earlier this year.
As it turns out, The Trade Desk's data-driven platform is firing on all cylinders, helping the company deliver revenue growth that easily exceeds third-quarter growth rates from both Facebook and Alphabet. Impressively, the strong growth follows a period in which The Trade Desk's revenue declined 13% year over year.
Here's a closer look at how the ad-tech company crushed it in Q3.
Source Fool.com
