Rocket Lab and The Trade Desk Show Resilience in Third Quarter Results
Rocket Lab (RKLB) and The Trade Desk (TTD) have both reported third-quarter results that exceeded specific investor expectations despite recent stock price volatility. Rocket Lab saw a significant surge in its backlog, which grew 52% to approximately $3.6 billion, driven by record revenue of $268 million. While the company continues to report adjusted EBITDA losses, management expects these losses to narrow further in the fourth quarter. The Trade Desk reported third-quarter revenue of $736 million, significantly outperforming management's previous guidance of at least $650 million. Although year-over-year revenue saw a slight decline, the company's ability to beat conservative forecasts suggests operational stability. For both companies, 2027 remains a pivotal year, with Rocket Lab facing the critical milestone of its first Neutron rocket launch.
Topics: adtech backlog growth earnings space industry