The Trade Desk(TTD)
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The Trade Desk : Premium Digital Ad Demand Fuels Record Growth
MarketBeat· 2024-08-12 21:05
The Trade Desk Inc. NASDAQ: TTD is the largest independent demand-side platform (DSP) for advertising buyers. Its self-service, cloud-based advertising technology (AdTech) platform, Kokai, enables advertisers and agencies to programmatically manage digital advertising campaigns across various channels, including video, display, audio, and connected TV (CTV).The Trade Desk is thriving from the recovery in demand-side digital advertising, which accommodates ad buyers. The supply side continues to struggle, as ...
The Trade Desk Q2 Earnings: Fair Trade Price
Seeking Alpha· 2024-08-09 20:23
simonkr Investment Thesis The Trade Desk (NASDAQ:TTD) delivered better-than-expected Q2 results and guidance, which saw its shares jump 7% after hours. The takeaway here is that its revenue growth rates are higher than I expected, which means that its momentum could remain strong into 2025. Therefore, the debt-free business is priced at 26x forward EBITDA, a multiple that is slightly cheaper than I previously expected. And yet, I still consider this stock to carry a rich price tag. Rapid Recap In my pre ...
The Trade Desk(TTD) - 2024 Q2 - Earnings Call Transcript
2024-08-09 08:56
财务数据和关键指标变化 - 公司Q2营收585百万美元,同比增长26% [11][66] - 公司持续保持20%以上的强劲收入增长,远超行业平均水平 [11][12] - 公司调整后EBITDA为242百万美元,占营收41% [69] - 公司现金及短期投资达15亿美元,无债务 [75] 各条业务线数据和关键指标变化 - 视频(包括CTV)占营收近50%,持续增长 [70] - 移动占营收中30%左右 [70] - 显示广告占低个位数百分比,音频占5% [70] 各个市场数据和关键指标变化 - 北美市场占88%,国际市场占12% [71] - 国际市场增速连续6个季度超过北美 [71] 公司战略和发展方向及行业竞争 - 公司持续在CTV、零售媒体等领域投资,抓住行业变革机遇 [13][19][20][21][63] - 公司在身份识别和数据驱动广告方面的创新,如推出Kokai产品,帮助客户更有效利用数据 [52][53][54][55] - 公司在开放互联网广告生态系统中的地位不断提升,与主要内容平台的合作不断深化 [62][63] - 公司在监管环境变化中保持优势,持续增加市场份额 [81][82][83][84] 管理层对经营环境和未来前景的评论 - 宏观经济环境存在不确定性,但公司业务保持相对稳定 [14][15][16][17][18] - 广告主更加关注广告效果,公司的数据驱动广告解决方案更受欢迎 [18][19][20][21][22][23][24][25][26][27][28] - 公司有信心在未来几年继续保持领先地位,并进一步扩大市场份额 [60][61][64] 其他重要信息 - 公司在身份识别和隐私保护方面的举措,如UID2的广泛应用 [44][45][46][47][48][49][50] - 公司在CTV、音频等新兴渠道的布局和进展 [13][37][38][39][40][41][42][43] - 公司在零售媒体广告领域的机会 [100][101] 问答环节重要的提问和回答 问题1 **Shyam Patil 提问** 公司在当前数字广告环境下的表现和优势 [81][82] **Jeff Green 回答** 公司作为买方平台而非内容平台,在当前环境下处于有利地位 [82][83][84] 问题2 **Youssef Squali 提问** CTV广告竞争环境,特别是亚马逊Prime Video广告业务的影响 [84][85][86][87][88][89] **Jeff Green 回答** 公司作为买方平台的优势,与内容平台的差异 [88][89][90][91][92] 问题3 **Justin Patterson 提问** 公司在身份识别方面的策略和投入 [87][88] **Jeff Green 回答** 公司建立UID2等身份识别框架的目标和进展 [88][89][90][91][92]
The Trade Desk (TTD) Q2 Earnings and Revenues Top Estimates
ZACKS· 2024-08-09 06:50
The Trade Desk (TTD) came out with quarterly earnings of $0.39 per share, beating the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $0.28 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.33%. A quarter ago, it was expected that this digital-advertising platform operator would post earnings of $0.22 per share when it actually produced earnings of $0.26, delivering a surprise of 18.18%.Over the last ...
The Trade Desk(TTD) - 2024 Q2 - Quarterly Report
2024-08-09 05:02
财务业绩 - 收入同比增长26%,达到5.85亿美元[66] - 净利润同比增长158%,达到8500万美元[67] 运营费用 - 平台运营费用同比增加27%,主要由于托管成本和人员成本的增加[82] - 销售和营销费用同比增加20%,主要由于销售人员和营销活动的增加[76,77] - 技术和研发费用同比增加12%,主要由于研发人员和相关成本的增加[76,77] - 预计销售和营销费用将继续增加,以提高现有和新客户对公司平台的采用率,并拓展国际业务[85] - 预计技术和开发费用将继续增加,以支持平台的进一步开发和功能扩展[87] - 预计一般及行政费用将继续增加,以支持公司的持续增长[89] 投资与融资 - 公司正在加大在全球市场特别是欧洲和亚洲的投资力度[72] - 公司正在持续投资以提升程序化广告能力和扩大广告库存及数据服务[68,69,70] - 公司现金及现金等价物为10.09亿美元,其中6400万美元来自国际子公司[95] - 公司相信现有现金及经营活动现金流足以满足未来12个月的营运资金需求[96] - 公司已批准了7亿美元的股票回购计划,截至2024年6月30日尚有5.75亿美元可用于回购[102,103] - 经营活动产生的现金流为2.67亿美元[104] - 2024年上半年公司投资活动使用现金3700万美元,其中2900万用于购买物业和设备、400万用于资本化软件开发、300万用于净购买短期投资[110] - 2023年上半年公司投资活动使用现金6200万美元,其中4200万用于净购买短期投资、1700万用于购买物业和设备、300万用于资本化软件开发[111] - 2024年上半年公司融资活动使用现金1.15亿美元,其中1.25亿用于回购普通股、5800万支付限制性股票税款,部分被3800万股票期权行权收入和3000万ESPP收入抵消[112] - 2023年上半年公司融资活动使用现金3.18亿美元,其中3.36亿用于回购普通股、3100万支付限制性股票税款,部分被2800万股票期权行权收入和2100万ESPP收入抵消[113] 风险与展望 - 公司认为宏观经济环境的不确定性可能会对收入和经营业绩产生不利影响[75] - 公司的业务模式支持未来的长期盈利增长[74]
The Trade Desk(TTD) - 2024 Q2 - Quarterly Results
2024-08-09 04:10
财务业绩 - 第二季度收入为5.85亿美元,同比增长26%[1] - 公司总营收为2369.6百万美元,同比增长14.3%[25] - 公司调整后EBITDA为4.04亿美元,同比增长39.9%[28] - 公司非GAAP净利润为3.28亿美元,同比增长29.3%[29] - 公司非GAAP每股收益为0.66美元,同比增长29.4%[30] 现金流与资产 - 公司现金及现金等价物为10.09亿美元,较上年末增加11.4%[22] - 公司应收账款净额为29.06亿美元,较上年末增加1.2%[22] - 公司股票回购支出为1.25亿美元[25] 成本与费用 - 公司研发投入为6.05亿美元,占总营收的25.5%[25] - 公司销售及营销费用为4.54亿美元,占总营收的19.1%[25] - 公司股票期权费用为2.37亿美元,占总营收的10.0%[21][25] 业务发展 - 连续10年客户留存率超过95%[5] - 在连接电视(CTV)业务方面,与Netflix、FOX、E.W. Scripps等达成合作[6] - 持续推进Unified ID 2.0(UID2)身份识别技术,获得Roku、SiriusXM Media、LG Ad Solutions等公司的支持[7] - 第三季度收入预计至少6.18亿美元,调整后EBITDA约2.48亿美元[10] 公司荣誉 - 获得多项行业荣誉,包括最受尊敬公司、最佳CEO等[8]
Could The Trade Desk Stock Help You Become a Millionaire?
The Motley Fool· 2024-08-07 00:11
The stock has already trounced the S&P 500 since its IPO. Will it continue?Advertising is a pillar of the economy. Ad money is slowly shifting from old-fashioned mediums like print, radio, and broadcast television to digital ones, like the internet and streaming. This trend positions The Trade Desk (TTD 2.49%) as a big winner over the coming decades. The stock has already outperformed the market since going public, but there's plenty more upside ahead.The Trade Desk is worth nearly $42 billion today, so it' ...
The Trade Desk (TTD) Advances But Underperforms Market: Key Facts
ZACKS· 2024-08-01 06:51
文章核心观点 - 公司最近一个交易日的股价变动较小,涨幅低于大盘 [1] - 公司过去一个月的股价下跌幅度大于行业和大盘 [2] - 公司即将发布的财报预计收入和利润将同比大幅增长 [3][4] - 分析师对公司的预测保持稳定,公司当前评级为持有 [5][6][7] - 公司的估值水平较行业平均水平较高 [8][9] - 公司所在行业整体排名靠后,行业前景不太乐观 [10][11] 公司相关 - 公司最近一个交易日的股价变动较小,涨幅低于大盘 [1] - 公司过去一个月的股价下跌幅度大于行业和大盘 [2] - 公司即将发布的财报预计收入和利润将同比大幅增长 [3][4] - 分析师对公司的预测保持稳定,公司当前评级为持有 [5][6][7] - 公司的估值水平较行业平均水平较高 [8][9] 行业相关 - 公司所在行业整体排名靠后,行业前景不太乐观 [10][11]
3 Reasons to Buy The Trade Desk Stock Like There's No Tomorrow
The Motley Fool· 2024-07-30 16:30
This growing adtech company deserves its premium valuation.The Trade Desk (TTD -0.24%) has generated impressive gains since its initial public offering in September 2016. The adtech company went public at a split-adjusted price of $1.80, reached a record high of $111.64 on Nov. 16, 2021, and eventually pulled back to about $92 today. That rally would still have turned a $20,000 investment into $1.02 million.Investors might be reluctant to buy the stock after those massive gains, and it doesn't look cheap at ...
A Solid Growth Stock That Not Enough People Are Talking About
The Motley Fool· 2024-07-30 08:07
This company has the ingredients to grow its business by 10 times.When it comes to growth stocks, investors will be quick to name companies like Shopify, the leading e-commerce software company; Palantir, a leading artificial intelligence (AI) software company; and the mighty Tesla, which requires no introduction.Still, some well-performing companies don't get as much attention from investors but have quietly been delivering massive shareholder returns over the years. This article will highlight one of thos ...