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The Trade Desk, Inc. (TTD) reported third-quarter revenues of $739 million, showing an 18% year-over-year increase due to strong digital demand. The company’s innovations in its Kokai platform, particularly a revamped data marketplace and the introduction of new products like Audience Unlimited and Koa Adaptive trading Modes, aim to enhance ad buying efficiency. These innovations are set to be rolled out to select agencies in late 2025 and become generally available in early 2026.
Despite TTD’s robust growth, its shares have declined 72.3% over the past year, contrasting with the S&P 500’s gain of 15.4% during the same period. Its forward price to earnings ratio is 31.16X, higher than the Internet Services industry’s 29.43X. Positive developments include an increase in Zacks’ earnings estimates for TTD for 2025.
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