Why Is The Trade Desk (TTD) Stock Soaring Today? - Trade Desk (NASDAQ:TTD)

The Trade Desk Inc reported third-quarter revenue growth of 31% year-over-year to $394.8 million, beating the consensus of $386.1 million.
Customer retention remained over 95% for the quarter.
Income from operations fell to $28.8 million, down from $80.4 million a year ago.
Adjusted EPS of $0.26 beat the consensus of $0.22.
Adjusted EBITDA improved from $123 million to $163 million. Adjusted EBITDA margin was flat at 41%.
TTD held $1.32 billion in cash and equivalents.
"Q3 was another strong quarter for The Trade Desk with 31% growth that significantly outpaced the market. This performance underlines the value of decisioned media buying on The Trade Desk as the world's largest advertisers seek to maximize return on every campaign dollar," said Jeff Green, founder, and CEO of The Trade Desk.
4Q22 Outlook: Trade Desk expects revenue of at least $490 million below consensus of $509.1 million and Adjusted EBITDA of ~$229 million.
Price Action: TTD shares are trading higher by 10.20% at $47.63 in the premarket on the last check Wednesday.

Trade Desk Clocks Better Than Expected Q3 Performance, Sees Q4 Adj EBITDA Of $299M