The Trade Desk reported $694 million in revenue for Q2, up from $585 million year-over-year, with a net profit increase from $85 million to $90 million. Despite this growth, investors remain concerned as the company’s growth rate fell from 26% to 19%. The net income margin also declined from 15% to 13%. The company made board changes, including appointing a new CFO. CEO Jeff Green discussed the company's opposition to walled garden platforms, emphasizing the effectiveness of ad-supported content on the open internet over more traditional, closed platforms like YouTube.
The Trade Desk's earnings report showed revenue growth from $585 million to $694 million year over year, but it faces investor skepticism due to a slowing growth rate.
Despite achieving a net profit increase from $85 million to $90 million, the company's growth rate dropped from 26% to 19%, affecting investor confidence.
Jeff Green, founder and CEO, articulated the Trade Desk's stance against walled garden giants, emphasizing that ad-supported content on the open internet delivers better engagement than closed platforms like YouTube.
Green noted that premium ad-supported internet 'performs better' than traditional ad placements, highlighting how audiences are more receptive to ads in open environments than walled gardens.
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