Trade Desk stock price down 25% after Q1 earnings

This could be a repudiation of UID2 by a marketplace that is reconciling itself to a FLoC-dominated privacy digital ads privacy environment.

Shares of The Trade Desk tumbled 25% today after the company reported first-quarter earnings and announced a 10-for-1 stock split in June. The Trade Desk reported revenue of $220 million, beating consensus estimates of $217 million. The company also reported EBITDA of $70.5 million, up from $39 million a year ago, and EPS at $1.41 compared to a consensus estimate of $0.77.”

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