The Trade Desk Reports Q1 Results Amid Slowing Growth and Market Sell-Off
The Trade Desk (TTD) reported mixed results for its first quarter, with revenue growth slowing to 12% year-over-year from a prior peak of 25%. Despite strong free cash flow generation at $276 million or 40% of revenue and customer retention above 95%, the stock continued downward due to softer guidance attributed to economic challenges. The company's shares have declined over 40% this year.
Tickers: $TTD