Shares of Trade Desk Inc. (TTD) surged 18.68% in early trading on Friday, following the company's impressive first-quarter 2025 financial results released after market close on Thursday. The digital advertising technology firm significantly outperformed analyst expectations, demonstrating robust growth in a challenging economic environment.
Trade Desk reported first-quarter earnings of $0.33 per share, handily beating the analyst consensus estimate of $0.25. This represents a 32% increase over the expected figure and a 26.92% year-over-year growth. The company's revenue also outperformed, coming in at $616 million compared to the estimated $584 million, marking a 25.4% increase from the same period last year.
Adding to the positive sentiment, Trade Desk provided strong guidance for the second quarter, projecting revenue of at least $682 million. While this figure is slightly below the analyst consensus of $683.2 million, it still indicates continued growth and momentum for the company. CEO Jeff Green expressed optimism about the company's strategic upgrades implemented in Q4, which he credits for contributing to the outperformance. The impressive results have led several analysts to raise their price targets for Trade Desk, further fueling investor enthusiasm.
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