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 $741 million, which was below its guidance of $756 million and analysts' estimates of $759.8 million [3]. - The company's revenue guidance for the first quarter of 2025 was at least $575 million, missing analysts' estimates of $581.5 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].
INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in The Trade Desk of Class Action Lawsuit and Upcoming Deadlines - TTD