The Trade Desk, Inc. (TTD) – Prominent DSP platform, and achieved profitability

The Trade Desk, Inc. (TTD) (Q2FY23)

Stock performance: The Trade Desk stock price showed a downward trend in the past 3-month period and gave (25%) return. The stock price surged by 47% in the past 1-year. The stock has a 52-week high of $91.85 and a 52-week low of $39.43.

Quarter Performance: In Q2FY23, revenue rose 23% to $464mn as compared to $376.9mn in Q2FY22. In the six-month period, revenue increased 22% to $847.05mn as compared to $692.2mn in the prior period. The increase was primarily due to higher gross spending in the current year on the platform, which was primarily driven by more advertisers and more campaigns executed by existing clients.

Guidance for Q3FY23: Revenue is expected to be $485mn and Adjusted EBITDA of ~$185mn.

Highlights

The TTD has launched a new AI-powered media-buying platform called Kokai. Kokai uses TTD’s proprietary AI technology, Koa, to help advertisers make sense of the vast amounts of complex data they receive. This can help with tasks such as ad bidding, forecasting, and budget optimization.

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Highlights

Valuation

– Enterprise Value
– CrispIdea Forecast
– Economic Value Added Analysis
– P/E Analysis
– Peer Valuation
– CrispIdea Forecast Relative to Consensus
– Consensus History and Surprise
– Consensus Momentum

Actual & Historical Performance

– Income Statement
– Balance Sheet
– Cash Flow
– 10-Year Historical Performance
– Ratio Analysis
– ROIC & ROCE Analysis
– Key Metrics
– Key Development
– M&A Deals

Peer Performance

– Summary
– Profitability
– Growth
– Price Performance

Ownership

Stock Price Performance

Crispidea Coverage

No of Pages: 30

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