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The Trade Desk Rockets Higher on Blockbuster Performance — Is the Stock a Buy?

Danny Vena

Over the past several weeks, a number of well-known digital advertisers have reported less than spectacular results, as the macroeconomic headwinds caused many businesses to cut back on their advertising budgets. Facebook parent Meta Platforms suffered its first-ever year-over-year revenue decline, followed in swift succession by Snap and Twitter, which both reported weaker-than-expected revenue growth.
The Trade Desk (TTD -0.85%) was up to bat after the market close on Tuesday and investors had similar expectations for weak results — but the ad tech company proved once again why it’s the industry leader.

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