2 Reasons The Trade Desk Has More Growth Ahead
Last week, digital-ad buying specialist The Trade Desk (NASDAQ: TTD) once again delivered quarterly results well ahead of management's guidance for the period. The company's revenue growth accelerated from a 41% year-over-year growth rate in Q1 to 42% growth in Q2. This upside was fueled by impressive performance in the company's mobile, audio, and connected TV channels. Adding icing to the cake, management used its second-quarter update as an opportunity to boost its outlook for both full-year revenue and adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization).
To fully appreciate The Trade Desk's momentum, investors may want to go beyond the company's second-quarter earnings release and hear what management had to say during its earnings call. In it, Green detailed two reasons investors can expect more strong growth in the quarters ahead.
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Source Fool.com
