HSBC downgraded The Trade Desk from Hold to Reduce following disappointing Q2 earnings where revenue and adjusted EPS missed analyst expectations. The company reported $715 million in revenue, below the $751 million forecast, and adjusted EPS of $0.34, down 17% year-over-year. Weak guidance for Q3, projecting revenue of $650 million versus $805 million expected, further pressured the stock, which fell 28% in early trading. This downgrade highlights specific challenges at The Trade Desk amid a relatively stable ad-tech sector.
A federal appeals court ruled that social media companies like Meta, Snap, TikTok, YouTube, and Roblox cannot use Section 230 of the Communications Act to dismiss thousands of lawsuits alleging addiction among young users. The court said Section 230 ...
Trade Desk's stock fell 5% following a Q2 earnings report that missed revenue and earnings expectations, with revenue growing only 3% year-over-year compared to 19% last year. The company also issued weaker-than-expected Q3 guidance and announced a l...
