Trade Desk's Q2 revenue guidance is weak, signaling cautious advertising spending

Golden Finance May 8｜Ad tech company Trade Desk announced that its first quarter revenue increased by 11.9% year-on-year to $689 million, exceeding analysts' expectations of $679 million. Adjusted diluted earnings per share were $0.28, lower than analysts' expectations of $0.32. Due to uncertainties in the macroeconomic environment, advertisers have become more cautious with their budgets. The company expects second quarter revenue to be at least $750 million, while analysts estimate $771 million.