Why The Trade Desk Stock Got Smashed Today

Shares of advertising-technology (adtech) company The Trade Desk (NASDAQ: TTD) got smashed on Thursday after the company reported financial results for the fourth quarter of 2024. As of 10 a.m. ET, The Trade Desk stock was down a staggering 31% and it suddenly finds itself down 40% from its 52-week high.

In Q4, The Trade Desk's revenue of $741 million came in below management's guidance and analysts' expectations, which is rare for this company. Founder and CEO Jeff Green highlighted the company's successes during the year but conceded that he was "Disappointed that we fell short of our own expectations in the fourth quarter."

The Trade Desk's forward guidance is also coming into play today. In Q4, its revenue was up by 22% year over year. But it's guiding for revenue of at least $575 million in the upcoming first quarter of 2025. That's only 17% growth from the first quarter of 2024.

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Source Fool.com