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EarningsNorth America

Trade Desk Q3 revenue dips year-over-year for first time since 2020, but beats guidance

· 4d ago · Originally reported by MLQ.ai

The Trade Desk reported Q3 revenue that declined versus the same quarter a year ago, marking its first year-over-year revenue drop since 2020. The result still came in about 13% above the company's own guidance for the quarter.

Why it matters

The Trade Desk is the largest independent demand-side platform in programmatic advertising, so a revenue decline signals softening demand or budget shifts in the open internet ad market that publishers and rivals will watch closely.

Explain it like I’m new here

It's like the biggest lemonade stand in town sold a little less than last summer, but still sold more than it promised its parents it would.

Read the original at MLQ.ai

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