By Crispus Nyaga ,
1 hours ago
The Trade Desk (NASDAQ: TTD ) stock has sold off sharply this year, making it one of the worst performers on Wall Street. It has crashed by about 90% from its all-time high, with its market capitalization falling from $68 billion to $6.1 billion. Bulls hope that its upcoming earnings report helps turn the tide.
The Trade Desk Will Publish Its Earnings Report
The Trade Desk is a top technology company that operates a demand-side platform (DSP) that allows advertisers to and agencies to purchase, manage, and optimize digital ads using its automated technology.
The company has become one of the top laggards on Wall Street because of its slow growth and missed expectations. Its last earnings report showed that revenue rose by just 3% YoY to $715 million, well below the previous double-digit trajectory.
The Trade Desk’s key customers, who mostly include companies in the consumer packaged goods and automotive industries, have been slashing their marketing spend, citing tariffs and other challenges. Most importantly, there are signs that digital advertising trends are changing, while disagreements with Publicis Groupe have affected its growth.
Therefore, inv...