By Dean Seal
Shares of Trade Desk jumped after the company reported a strong first quarter from soaring revenue.
The stock was up 14% at 68.55 in premarket trading. Shares had fallen 49% year-to-date when the market closed Thursday.
The platform for buyers of advertising posted a first-quarter profit of $50.7 million, or 10 cents a share, compared with $32 million, or 6 cents a share, in the same quarter a year earlier.
Stripping out one-time items, adjusted earnings were 33 cents a share. Analysts polled by FactSet had been expecting 25 cents a share.
Revenue surged 25% to $616 million, topping analyst forecasts for $575.3 million, according to FactSet.
Trade Desk is guiding for at least $682 million in revenue for the current quarter, just under analyst estimates for $683.7 million.
The company said volatility in the economy has made 2025 an important year for marketers looking to use the open internet to drive business differentiation and growth.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
May 09, 2025 07:25 ET (11:25 GMT)
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