TTM Reports Q3 Earnings

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Post on Nov 03, 2024

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TTM Crushes Q3 Earnings: A Look at the Numbers

TTM (The Trade Desk) just dropped their Q3 earnings report, and let me tell you, it's pretty darn good. The ad tech giant absolutely crushed expectations, showing continued growth in a market that's been, well, a bit shaky lately.

So, what exactly did TTM do to impress everyone? Let's dive into the details.

Q3 Earnings Breakdown: The Highlights

• Revenue: TTM reported $471.4 million in revenue, up a whopping 31% year-over-year. This was a huge beat compared to analysts' estimates of $458.3 million.
• Profitability: TTM's net income came in at $123.9 million, which translates to $0.63 per share. This is way higher than the $0.52 analysts were expecting.
• Strong Growth: TTM's core business is showing strength. Their connected TV (CTV) segment is exploding, contributing to the company's overall growth.
• Guidance: TTM also provided strong guidance for Q4. They expect revenue between $515 million and $525 million, a solid outlook considering the overall economic headwinds.

Why is TTM Doing So Well?

A few reasons stand out:

• Shift to Connected TV: TTM is perfectly positioned to benefit from the big shift to CTV. Advertisers are increasingly moving their budgets to this format, and TTM's platform is leading the way in making it happen.
• Strong Partnerships: TTM has formed strategic partnerships with major players in the TV industry, like Netflix and Amazon. These partnerships give them access to a massive audience.
• Focus on Data: TTM is obsessed with data. They use data to help advertisers target their campaigns more effectively, which is a huge selling point for their platform.

TTM's Future: A Bright Outlook

TTM is clearly on the right track in the ad tech world. Their commitment to innovation and their strong business model are going to be big advantages in the long run.

With their continued growth and focus on CTV, TTM is well-positioned to remain a leader in the ad tech industry for years to come.

So, if you're looking for a growth stock with a bright future, TTM is definitely worth considering.