The Trade Desk - TTD STOCK NEWS

The Trade Desk (NASDAQ:TTD) launched its new trading platform, Solimar, aimed at enhancing digital advertising across the open internet. After over two years of development, Solimar enables marketers to leverage first-party data effectively, improve campaign precision, and address privacy concerns. Key features include advanced goal setting, secure data onboarding, a measurement marketplace, and a streamlined user experience. The launch event took place in New York City, highlighting the platform's potential in a rapidly evolving digital landscape.

The Trade Desk (NASDAQ:TTD) has launched TD7, an internal venture capital arm aimed at investing in technology companies focused on the open internet. The first investment is in Chalice, which specializes in algorithmic ad buying. Co-Founder and CEO Jeff Green emphasized the importance of an open internet for advertisers, publishers, and consumers. This announcement coincides with the launch of Solimar, a new trading platform enhancing ad-buying capabilities. Chalice's CEO praised The Trade Desk's platform for fostering innovation in ad tech.

The Trade Desk (NASDAQ: TTD) has appointed Joshua Smith as Senior Vice President, Chief Privacy and Product Counsel, effective immediately. Smith brings over 20 years of legal expertise from notable positions at Facebook and Yahoo!, focusing on privacy and product development. He joins The Trade Desk at a time of rapid change in the digital advertising landscape, with plans to scale the company globally while maintaining a privacy-forward approach. Smith, a cum laude graduate of Indiana University School of Law, will work from the company's San Jose office.

The Trade Desk, Inc. (NASDAQ: TTD) reported robust first-quarter results for the period ending March 31, 2021, achieving revenue of $219.8 million, a 37% increase from the previous year. Despite a slight decline in net income to $22.6 million, diluted EPS stood at $0.45. Adjusted EBITDA rose to $70.5 million, reflecting a margin of 32%. Noteworthy highlights include a customer retention rate above 95%, a partnership with Walmart, and ongoing support for Unified ID 2.0. However, the company anticipates potential impacts from COVID-19 and economic conditions, projecting Q2 revenues between $259 million and $262 million.

The Trade Desk (NASDAQ: TTD) announced a ten-for-one stock split, distributing nine additional shares for every share held by stockholders of record on June 9, 2021. The split will take effect after trading on June 16, 2021, with adjusted trading starting June 17, 2021. CEO Jeff Green highlighted that the company has experienced a 2,100% share price increase since its IPO in 2016 and aims to make shares more accessible to employees and investors. This marks the company's first stock split since going public.

The Trade Desk, Inc. (NASDAQ: TTD) will announce its financial results for the first quarter of fiscal year 2021, ending March 31, 2021, before the market opens on May 10, 2021. A conference call and webcast will take place at 8:30 A.M. Pacific Time to discuss these results. Investors can access the live call and subsequent replay through the company's website. The Trade Desk operates a technology platform for digital advertising, aiding buyers in managing data-driven campaigns across multiple formats and devices.

The Trade Desk (NASDAQ:TTD) announces the resignation of Chief Marketing Officer Susan Vobejda, who held the position since 2017. Under her leadership, the marketing function expanded globally, promoting initiatives like CTV and Unified ID 2.0, along with the award-winning Media for Humankind campaign. Ian Colley, Vice President of Communications, will serve as interim CMO while the search for a replacement begins. CEO Jeff Green praised Vobejda for her contributions and the global marketing team she built, which positions the company well for future growth.

The Trade Desk (TTD) reported strong financial results for Q4 and FY 2020, achieving a record ad spend of $4.2 billion, a 34% increase year-over-year. Revenue rose to $319.9 million for Q4 and $836 million for the year, reflecting increases of 48% and 26%, respectively. Net income also surged, hitting $151.9 million for Q4 and $242.3 million for the year. Customer retention remained above 95%. The outlook for Q1 2021 projects revenue between $214 million and $217 million, amidst ongoing COVID-19 uncertainties.