Trade Desk Shares Soar on Strong Q4 Outlook Backed by Data-Driven Choices

Trade Desk Shares Soar on Strong Q4 Outlook Backed by Data-Driven Choices
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The Trade Desk Inc. (TTD) reported third-quarter FY21 revenue growth of 39 percent year-on-year to $301.1 million, beating the consensus of $283.5 million.

Customer retention remained over 95 percent, akin to the past seven years, and the adjusted EBITDA margin expanded by 500 bps to 41 percent.