Core Viewpoint - The Trade Desk, Inc. (TTD) is set to report its Q2 2025 results on August 7, with expectations of a 17% year-over-year revenue increase to approximately $684.46 million, alongside an earnings estimate of 42 cents per share, up from 39 cents in the prior year quarter [1][2]. Financial Performance - The Zacks Consensus Estimate for TTD's Q2 earnings is 42 cents, unchanged over the past 60 days, with total revenues expected to reach $684.46 million, reflecting a 17.1% increase year-over-year [1][12]. - TTD's revenues are projected to be at least $682 million, indicating a 17% year-over-year growth, which includes the impact of political ad spending from the previous year [2]. Earnings Surprise History - TTD has consistently beaten the Zacks Consensus Estimate for earnings in the last four quarters, with an average earnings surprise of 11.14% [3]. Market Position and Strategy - TTD is focusing on increasing digital spending in areas like Connected TV (CTV), which represented a significant portion of its business, and is seen as a key driver for revenue growth [6][8]. - The company is capitalizing on the shift from linear to programmatic CTV, positioning it as a central element of its growth strategy [6][8]. - TTD's Kokai platform is gaining traction, with two-thirds of clients already using it, leading to improved performance metrics such as a 24% lower cost per conversion [8][9]. Competitive Landscape - The digital advertising industry remains highly competitive, with major players like Alphabet and Amazon posing challenges to TTD's market positioning [11][16]. - TTD's stock has underperformed compared to its peers, with a 25.2% decline over the past six months, contrasting with the performance of the broader Internet Services industry and the S&P 500 [12][16]. Valuation Metrics - TTD's stock is trading at a premium, with a forward 12-month Price/Sales ratio of 13.52X, significantly higher than the industry average of 5.3X [19].

Group 1: The Trade Desk Overview - The Trade Desk (TTD) shares increased by 6.6% to close at $80.4, with notable trading volume compared to typical sessions, and a 7.4% gain over the past four weeks [1] - The company is experiencing growth due to the rising adoption of Connected TV (CTV), which is becoming a central focus of its growth strategy [1] Group 2: Earnings Expectations - The Trade Desk is expected to report quarterly earnings of $0.42 per share, reflecting a year-over-year increase of 7.7%, with revenues projected at $684.33 million, up 17.1% from the previous year [2] - The consensus EPS estimate for the quarter has remained unchanged over the last 30 days, indicating that stock price movements may not continue without trends in earnings estimate revisions [3] Group 3: Industry Comparison - The Trade Desk is part of the Zacks Internet - Services industry, where Shopify (SHOP) has a consensus EPS estimate of $0.28, also reflecting a year-over-year change of 7.7%, and currently holds a Zacks Rank of 1 (Strong Buy) [3][4]

Core Insights - Nexxen International Ltd. anticipates benefits from the strategic partnership between VIDAA and Vestel, enhancing its position in the advertising technology sector [1][4] - Nexxen holds a 2.439% ownership stake in VIDAA and has signed a non-binding MOU for potential extension and expansion of their partnership [2][4] - The partnership between VIDAA and Vestel is expected to expand VIDAA's CTV operating system reach, particularly in Europe, and increase the scale of its global ACR data [3][4] Company Overview - Nexxen is a global advertising technology platform specializing in data and advanced TV, with a focus on providing flexible solutions for advertisers, agencies, publishers, and broadcasters [7] - The company operates a unified technology stack that includes a demand-side platform (DSP) and supply-side platform (SSP), with a core Nexxen Data Platform [7] - Nexxen is headquartered in Israel and has a global presence with offices in the United States, Canada, Europe, and Asia-Pacific [8] Industry Context - VIDAA is recognized as a leading smart TV platform, with over 400 brand partners and more than 40 million connected devices worldwide [9] - The partnership with Vestel, a major connected TV manufacturer, is expected to enhance VIDAA's market position and expand its operating system's reach [3][4] - The collaboration is seen as a strategic move to leverage advanced TV data in advertising, which is poised for substantial growth, particularly in the European market [6][4]

Core Viewpoint - Nexxen International Ltd. anticipates benefits from VIDAA's partnership with Vestel, which will enhance its European connected TV (CTV) reach and data capabilities [1][3][4] Group 1: Partnership Details - Nexxen has a strategic partnership with VIDAA, which is set to expire at the end of 2026, and holds approximately 2.439% ownership in VIDAA [2] - A non-binding Memorandum of Understanding (MOU) was signed in May 2025 to potentially extend and expand the partnership beyond its current term, including a possible increase in Nexxen's investment [2] - VIDAA will serve as the smart TV operating system for Vestel's global CTV OEM base, which is expected to expand VIDAA's reach in Europe [3] Group 2: Strategic Implications - The agreement between VIDAA and Vestel positively impacts Nexxen's long-term strategic partnership with VIDAA, including exclusive access to global ACR data and ad monetization in select markets [4] - VIDAA's partnership with Vestel is expected to enhance the scale of its global ACR data, which is crucial for Nexxen's advertising technology platform [3][4] Group 3: Market Position and Growth - Nexxen's CEO emphasized the importance of CTV and advanced TV data in advertising, highlighting the value of partnerships with Hisense, VIDAA, and Vestel in strengthening its position in the European CTV advertising market [6] - VIDAA aims to become the world's largest smart TV platform, leveraging its partnerships to enhance its market leadership [6]

Core Insights - The Trade Desk (TTD) has achieved significant international growth, outpacing North America for the ninth consecutive quarter, with North America still accounting for 88% of advertising spend [1][9] - Connected TV (CTV) is a major growth driver for TTD, with over 90 million households reached and strong performance in international markets, particularly in Europe and Asia [2][9] - TTD's AI platform, Kokai, is gaining traction, with two-thirds of clients using it, leading to a reduction in costs per conversion and acquisition [3][9] Company Performance - TTD expects revenues of at least $682 million for Q2 2025, reflecting a 17% year-over-year growth, assuming stable market conditions [4] - Adjusted EBITDA is projected to be around $259 million for the same quarter [4] - TTD's shares have decreased by 28.7% over the past year, contrasting with a 4.3% decline in the Zacks Internet-Services industry [10] Market Outlook - The global digital ad spending market is projected to reach $1,483 billion by 2034, growing at a CAGR of 9.47% from 2025 to 2034, with TTD well-positioned to benefit from this growth [5] - The rise of CTV and retail media is expected to drive increased ad spending, providing TTD with opportunities to expand its international revenue base [5] Competitive Landscape - Competitors like Magnite Inc. and PubMatic, Inc. are also experiencing growth in the CTV space, with significant contributions to their revenues from programmatic ad spending [6][7] - Magnite reported a 19% year-over-year increase in CTV contribution, while PubMatic has achieved over 80% adoption among top streaming platforms [6][7] Valuation Metrics - TTD trades at a forward price-to-sales ratio of 10.79X, which is higher than the industry average of 5.01X [11] - The Zacks Consensus Estimate for TTD's earnings has remained unchanged over the past 30 days [12]