Core Insights - Nexxen has appointed Eric Solomon as Senior Vice President, Product – Data, to enhance its data-driven innovation strategy [1][2] - Solomon will oversee the development of the Nexxen Data Platform, which integrates demand- and supply-side solutions while prioritizing security and privacy [2][4] - The company emphasizes the importance of data in advertising strategies and aims to lead in this domain [4] Company Overview - Nexxen is a global advertising technology platform specializing in data and advanced TV, with a unified technology stack that includes a demand-side platform (DSP) and supply-side platform (SSP) [5][6] - The Nexxen Data Platform is central to its offerings, which include TV Intelligence and Discovery, utilizing AI for audience insights and performance optimization [2][5] - The company operates internationally, with headquarters in Israel and offices across the United States, Canada, Europe, and Asia-Pacific [6]

Core Insights - The Trade Desk, Inc. (TTD) is prioritizing innovation and strategic growth amidst market volatility affecting ad tech stocks [1] - TTD is leveraging advanced technologies, including generative AI, to enhance its platform and improve client performance [2] - The company is expanding partnerships to enhance data capabilities and campaign measurement [3][2] Strategic Developments - TTD's investment in generative AI has led to partnerships with Rembrand, Nova, Bunny Studio, and Spaceback, enhancing creative capabilities [2] - Collaborations with Visa, NIQ, and Zepto are aimed at improving data capabilities [2] - The launch of OpenSincera provides deeper visibility into advertising performance and supply chain health, making data accessible to the ecosystem [4] Partnership Expansion - TTD has expanded partnerships with Instacart and Ocado to provide detailed consumer purchase data for better campaign performance measurement [3] - The company is focused on securing long-term partnerships with major advertisers, agencies, and publishers, with nearly 100 joint business plans in the pipeline [3] New Tools and Innovations - Deal Desk, currently in beta, uses AI forecasting to optimize deals and improve performance, with Disney already utilizing this tool [5] - The integration of AI with Kokai has resulted in significant performance improvements for clients [2] Market Challenges - Intense competition from major players like Google and Amazon, as well as smaller companies like PubMatic and Magnite, poses a challenge to TTD's market position [6] - Macroeconomic uncertainties, including rising inflation and tighter marketing budgets, may impact ad spending and programmatic demand [6] Financial Outlook - For Q3 2025, TTD anticipates revenues of at least $717 million, reflecting a 14% year-over-year growth [7] - Excluding U.S. political ad spend, projected year-over-year growth for Q3 is approximately 18% [7] Competitive Landscape - Rivals like PubMatic and Magnite are also focusing on innovation and partnerships to drive growth in the ad tech space [8][9]

Core Viewpoint - The Trade Desk Inc. and Duolingo Inc. have experienced significant declines in their stock prices, raising questions about their investment potential amidst a generally bullish market environment [1][3]. Group 1: The Trade Desk Inc. (TTD) - The Trade Desk's stock has fallen over 50% since its Q2 earnings report in August, closing around $45, down from a high of $141.53 [3][4]. - Concerns about slowing growth have led to bearish analyst updates, including a downgrade from Morgan Stanley, which highlighted doubts about the company's ability to sustain previous growth rates [4][7]. - Despite the negative sentiment, some analysts, like those at Needham, maintain a Buy rating with a price target of $80, suggesting a potential upside of nearly 80% from current levels [7]. Group 2: Duolingo Inc. (DUOL) - Duolingo's stock has also halved since early June, with current trading around $278.40, down from a 52-week high of $544.93 [8]. - The decline is attributed to fears of slowing engagement growth and competition from AI-powered rivals, although some analysts, like KeyCorp, have upgraded the stock to Overweight with a price target of $460, citing ongoing growth drivers [9][10]. - Zacks Research recently upgraded Duolingo to a Strong Buy, indicating a more favorable technical position compared to The Trade Desk, with an RSI of around 40 [10].

Group 1 - Adtech firm Magnite is suing Google following a judge's ruling that Google engaged in anticompetitive practices [6] - The lawsuit is based on allegations that Google maintained a monopoly in the digital advertising space [6]

Core Viewpoint - Magnite has filed a lawsuit against Google for financial damages and other remedies due to Google's anticompetitive practices that have harmed competition in the ad tech industry [1][2]. Group 1: Lawsuit Details - The lawsuit was filed in the U.S. District Court for the Eastern District of Virginia following a ruling that found Google engaged in anticompetitive acts to maintain monopoly power in the ad exchange and ad server markets [1]. - Magnite's complaint highlights Google's exclusionary tactics that have locked publishers into its ad server and favored its own exchange, which has stifled competition and growth for independent players like Magnite [2]. Group 2: Company Background - Magnite is the largest independent sell-side advertising company, providing technology for publishers to monetize content across various formats including CTV, online video, display, and audio [4]. - The company aims to maximize advertising yield for publishers through innovative technology and a transparent marketplace, while facing challenges from Google's practices that undermine this mission [3].

Core Viewpoint - Google is facing significant pressure from the U.S. Department of Justice (DOJ) to divest its advertising technology business, specifically the AdX trading platform, in response to antitrust concerns raised in both the U.S. and Europe [1][2]. Group 1: Legal and Regulatory Actions - The DOJ is seeking a "complete technical separation and divestiture" of the AdX platform following a court ruling that found Google illegally monopolized two advertising technology markets [1]. - A two-week hearing is scheduled to discuss whether Google must split off parts of its business, with the judge allowing limited disclosure of Google's internal assessments regarding the feasibility of such a separation [1]. - The European Union has also imposed a €3 billion ($3.5 billion) fine on Google for anti-competitive practices, marking the second-highest penalty against the company by Brussels regulators [2]. Group 2: Google's Business Considerations - Google had previously considered a business divestiture but indicated that the DOJ's proposal is significantly different from its own plans [1]. - The company operates various advertising services, including purchasing services for marketers and sales services for publishers, alongside the AdX trading platform [1]. - Prior to the lawsuit filed in 2023, Google proposed separating its website and application advertising auction business into an independent company while remaining under the Alphabet structure [1].

Core Viewpoint - AppLovin Corporation is successfully expanding beyond gaming, with significant growth in non-gaming revenue driven by international expansion, referral program adoption, and seasonal advertising spend [1] Group 1: Revenue Forecasts - BTIG analysts raised their price forecast for AppLovin to $664 from $547, maintaining a Buy rating [1] - The brokerage forecasts fourth-quarter 2025 non-gaming revenue of $531 million, up from a prior estimate of $369 million [2] - For the full year 2026, non-gaming spending is projected to reach $2.58 billion, an increase from $2.13 billion previously, lifting total revenue and EBITDA forecasts to $8.19 billion and $6.84 billion, respectively [3] Group 2: Advertising and Market Position - Late August channel checks indicated about a 50% intra-quarter improvement in return on ad spend, with marketers scaling campaigns based on total returns [4] - AppLovin is positioned to expand into new verticals such as commerce, financial services, healthcare, and automotive, creating an incremental advertising opportunity of $245–$285 billion [5] Group 3: Market Share and Valuation - AppLovin accounts for about 4% of client spend, ranking behind only Meta and Alphabet, indicating strong performance and incrementality [6] - BTIG's valuation is based on a 32.5x multiple of the 2026 estimated software EBITDA, adjusted for -$1.6 billion in net cash, with bull and bear cases implying outcomes of $819 and $201, respectively [6] Group 4: Strategic Initiatives - AppLovin is recognized as a top pick due to improvements in Axon 2.0, deeper penetration into non-gaming categories, and the upcoming rollout of a self-serve dashboard [7]

Accessibility StatementSkip Navigation Award-Winning Content Creator, Voice Actor and Digital Producer Jenny Lorenzo said, "Hispanic Heritage Month is a time to celebrate the richness of our stories, the strength of our roots, and the beauty of our culture. As a proud Cuban American, I love bringing my abuela and family's humor and heart into everything I do—whether I'm in front of or behind the camera. Our voices matter—on screen, behind the scenes, and in every corner of this country." The month also reco ...

Group 1: Meta Platforms - Philippe Laffont sold 76,900 shares of Meta Platforms, which has outperformed the S&P 500 by 16 percentage points this year [2] - Meta Platforms reported Q2 revenue of $47.5 billion, a 22% increase from the previous year, with GAAP earnings rising 38% to $7.14 per diluted share [6] - The company is leveraging AI to enhance user engagement, resulting in a 5% increase in time spent on Facebook and a 6% increase on Instagram [5] - Analysts expect Meta's earnings to grow at 17% annually over the next three years, making its current valuation of 27 times earnings appear reasonable [8] - Despite selling shares, Laffont still holds a significant position in Meta, indicating continued confidence in the company [8] Group 2: The Trade Desk - Philippe Laffont acquired 998,900 shares of The Trade Desk, which is the largest demand-side platform for the open internet [2][9] - The Trade Desk reported Q2 revenue of $694 million, a 19% increase, but this was a slowdown from the previous quarter's 25% growth [11] - The company faces competitive pressure from Amazon, which has enhanced its DSP capabilities and secured ad inventory from Roku and Netflix [10] - Wall Street projects The Trade Desk's earnings to grow at 20% annually over the next three years, although its current valuation of 55 times earnings is considered somewhat expensive [13] - Laffont's purchase of The Trade Desk represents a small position in his portfolio, suggesting a cautious approach rather than high conviction [12]

We recently published 10 Stocks Melt Down in Hours. The Trade Desk, Inc. (NASDAQ:TTD) is one of the worst performers on Wednesday. The Trade Desk fell by 11.95 percent on Wednesday to end at $46.14 apiece as investors took path from an investment firm’s downgrade of its stock. In a market note, Morgan Stanley downgraded The Trade Desk, Inc. (NASDAQ:TTD) to “equalweight” from “overweight” previously and lowered its price target to $50 from $80. Trade Desk (TTD) Drops 11.9% on PT, Rating Downgrade Melpom ...