A tech company’s Q4 earnings report revealed a 33% stock drop following its $741 million revenue, a 22% increase from the previous year, and $2.4 billion in full-year revenue. The dip in share price was particularly steep, falling by 26% per share in minutes after the call. Despite the setback, CEO Jeff Green is not taking it lightly. The company’s first revenue miss in over eight years on public market has sparked Wall Street attention. With high video revenue at 40%, and a relatively small digital audio budget of 5%, investors are watching closely to see how the company adapts.
Source: https://www.adweek.com/media/the-trade-desk-misses-revenue