#Deskconnect stock series

The Trade Desk also said that customer retention in the quarter was above 95%, as it's been for the last eight years, a sign the company continues to delight customers.ĬEO Jeff Green said, 'We delivered outstanding performance in the second quarter, growing 35% versus a year ago, significantly outpacing worldwide programmatic advertising growth. On the bottom line, adjusted earnings per share increased from $0.18 to $0.20, though that was just shy of estimates at $0.21. Revenue in the quarter rose 35% year over year to $377 million, beating estimates at $365.3 million, and profitability remained strong, with adjusted EBITDA increasing 21% to $139 million, giving an EBITDA margin of 37%. The stock jumped 36% on August 10 as the company put to rest any concern that the slowdown in the digital advertising industry had impacted it. In its own earnings report, The Trade Desk did not disappoint. A strong July jobs report and solid earnings results seemed to give stocks a boost, benefiting The Trade Desk and the cyclical advertising industry. The Trade Desk, which provides a demand-side platform (DSP) for brands to allocate advertising spending and manage campaigns, posted strong gains in the first week of August as optimism about a 'soft landing' for the economy buoyed this and other high-growth tech stocks.

As you can see from the chart below, the bulk of The Trade Desk's gains came after it reported earnings on August 9.

#Deskconnect stock series

The stock jumped as The Trade Desk overcame some negativity around the digital advertising industry after a series of weak quarterly results from the social media sector generally and Google parent Alphabet in particular.Īccording to data from S&P Global Market Intelligence, the stock finished the month up 39%. Shares of The Trade Desk ( TTD -1.42%) were soaring in August after the adtech platform posted better-than-expected results in its third-quarter earnings report.