The Trade Desk, Inc. (TTD) stock experienced a massive 30.56% plummet in pre-market trading on Thursday, February 13, 2025, following the company's disappointing fourth-quarter earnings report and weak guidance for the first quarter of 2025.
The ad-tech firm reported revenue of $741 million for Q4 2024, missing analyst expectations of $758.9 million. While the company's adjusted earnings per share of $0.59 beat estimates of $0.57, the revenue miss overshadowed the positive earnings surprise.
Furthermore, The Trade Desk provided a lackluster revenue outlook for Q1 2025, projecting at least $575 million in revenue, lower than the consensus estimate of $582 million. This weak guidance raised concerns among investors about the company's growth prospects and ability to execute effectively.
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