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INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in The Trade Desk of Class Action Lawsuit and Upcoming Deadlines - TTD
TTDThe Trade Desk(TTD) Prnewswire·2025-02-25 21:38

Core Viewpoint - A class action lawsuit has been filed against The Trade Desk, alleging securities fraud and unlawful business practices [2][3]. Financial Performance - Trade Desk reported fourth quarter revenue of 741million,whichwasbelowitsguidanceof741 million, which was below its guidance of 756 million and analysts' estimates of 759.8million[3].−Thecompany′srevenueguidanceforthefirstquarterof2025wasatleast759.8 million [3]. - The company's revenue guidance for the first quarter of 2025 was at least 575 million, missing analysts' estimates of 581.5million[3].ManagementCommentary−CEOJeffreyGreenindicatedthatTradeDeskhasnotfullyadopteditsnewad−buyingplatform,Kokai,andisstillusingitsolderplatform,Solimar,whichiscausingoperationaldelays[3].−Duringanearningscall,GreenacknowledgedthattherolloutofKokaiwasslowerthananticipated,withsomedelaysbeingdeliberate[3].StockMarketReaction−FollowingtheannouncementofthefinancialresultsandthecommentsregardingKokai,TradeDesk′sstockpricefellby581.5 million [3]. Management Commentary - CEO Jeffrey Green indicated that Trade Desk has not fully adopted its new ad-buying platform, Kokai, and is still using its older platform, Solimar, which is causing operational delays [3]. - During an earnings call, Green acknowledged that the rollout of Kokai was slower than anticipated, with some delays being deliberate [3]. Stock Market Reaction - Following the announcement of the financial results and the comments regarding Kokai, Trade Desk's stock price fell by 40.31 per share, or 32.98%, closing at $81.92 on February 13, 2025 [3].