BUZZ-Trade Desk slips on downbeat Q2 revenue forecast

The Trade Desk

The Trade Desk

TTD

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** Trade Desk TTD.O slips 15.1% to $19.94 premarket

** Ad-tech firm forecast Q2 rev below Wall Street estimates as advertisers show greater budget caution amid economic uncertainty

** Expects Q2 rev of at least $750 mln vs estimates of $771.3 mln, per data compiled by LSEG

** Faces highly competitive landscape, with large tech platforms, emerging retail media networks like Amazon's AMZN.O ad-buying platform vying for market share

** Posts Q1 rev of $688.9 mln, above estimate of $679.2 mln

** As of last close, TTD down 38.12% this year


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