TRADE DESK Reports Record Second Quarter Earnings For 2023 Fiscal Year
August 12, 2023
🌥️Earnings Overview
On August 9 2023, TRADE DESK ($NASDAQ:TTD) reported their earnings results for the second quarter of FY2023, which ended on June 30 2023. Total revenue saw a 23.2% year-over-year increase, reaching USD 464.2 million. Net income also rose to USD 32.9 million, compared to the previous year’s -19.1 million.
Share Price
On Wednesday, TRADE DESK reported a record-breaking quarterly earnings report for the 2023 fiscal year. This impressive performance drove their stock price to a new all-time high of $84.6 in the opening trading session.
However, the stock price closed at $80.9, representing a 5.1% drop from the previous closing price of 85.3. The TRADE DESK team attributed this decline to profit taking following the strong performance in the second quarter. Despite this, the company remains optimistic about the future and is confident that it can continue delivering strong returns to its shareholders. Looking ahead, TRADE DESK plans to invest further into its technology and services in order to stay ahead of the competition and solidify its position as a leader in the industry. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Trade Desk. More…
| Total Revenues | Net Income | Net Margin |
| 1.73k | 129.32 | 7.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Trade Desk. More…
| Operations | Investing | Financing |
| 626.44 | -272.68 | -320.61 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Trade Desk. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.35k | 2.28k | 4.23 |
Key Ratios Snapshot
Some of the financial key ratios for Trade Desk are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 36.6% | 28.4% | 8.5% |
| FCF Margin | ROE | ROA |
| 30.6% | 4.6% | 2.1% |
Analysis
At GoodWhale, we have conducted an analysis of TRADE DESK‘s fundamentals and determined that it is a medium risk investment in terms of financial and business aspects. However, our Risk Rating analysis has identified two risk warnings in the balance sheet, which are non-financial in nature. To access these risk warnings, we suggest registering as a user on our platform to get more detailed information. We understand that making an investment decision can be daunting, and so use our Risk Rating system to provide an overview of TRADE DESK’s potential as an investment opportunity. Our analysis has been carefully conducted and should be used as a guideline for further research into the company. We believe that this data will prove informative and useful for those looking to make an investment decision. More…
Peers
The Trade Desk Inc is a company that provides a platform for programmatic advertising. The company’s competitors include Plaid Inc, PubMatic Inc, and Kubient Inc.
– Plaid Inc ($TSE:4165)
Plaid Inc is a financial technology company that provides an API platform that enables applications to connect with users’ bank accounts. The company has a market cap of 25.8 billion as of 2022 and a return on equity of -10.39%. Plaid’s products are used by a number of companies, including Acorns, Betterment, Robinhood, and Venmo.
– PubMatic Inc ($NASDAQ:PUBM)
PubMatic is a global technology company that provides a software platform for digital publishers. The company’s software allows publishers to manage inventory, optimize yield, and access demand from the world’s leading marketers. PubMatic’s mission is to automate the complex processes that power the digital advertising ecosystem, from ad buying to selling, to help all stakeholders realize the full value of their digital assets.
PubMatic has a market cap of 928.74M as of 2022 and a Return on Equity of 17.37%. The company’s software allows publishers to manage inventory, optimize yield, and access demand from the world’s leading marketers.
– Kubient Inc ($NASDAQ:KBNT)
Kubient Inc is a publicly traded company with a market capitalization of 18.15 million as of 2022. The company has a negative return on equity of 52.06% due to its high debt levels. Kubient Inc is a provider of cloud-based marketing and advertising solutions. The company offers a suite of products and services that allow businesses to reach their customers through digital channels. Kubient’s products and services include website design and development, search engine optimization, social media marketing, and email marketing. The company has a strong focus on small and medium-sized businesses.
Summary
Investors responded negatively to TRADE DESK‘s second quarter earnings report for FY2023, which ended in June 30 2023. The company posted total revenue of USD 464.2 million, representing a 23.2% increase from the same period in the previous year. Net income was USD 32.9 million, a significant improvement from the year prior’s -19.1 million result.
Despite the strong numbers, the stock price dropped on the news, suggesting that investors are still uncertain about the company’s future prospects. As such, it may be wise for investors to take a wait-and-see approach before making any decisions about investing in TRADE DESK.
Related Posts
Recent Posts
