Digital advertising placement firm Trade Desk shares soared 21.5% after better than expected third quarter earnings. Relief came as $TTD avoided headwinds that plagued the social media industry in Q3, hitting Snap, Facebook (FB), Twitter (TWTR) and Roku with underwhelming reports Earnings The Trade Desk Net income totaled $59.4 million, or 12 cents a share, up from $41.2 million, or 8 cents a share, a year ago. Adjusted earnings hit 18 cents a share, up from 13 cents a year earlier … Continue reading “The Trade Desk Soars After Earnings Avoid Headwinds That Hit Social Media Digital Advertising Space”
Trade Desk Boosted by Google Delaying Phasing Out Third Party Cookies Until 2023
Digital advertising placement firm Trade Desk shares soared 16% after Google said will delay phasing out third-party cookies. $TTD has not been reliant on third-party cookies for years. Faster-growing segments such as connected TV (CTV) and mobile apps, use newer identity solutions such as TTD’s United ID 2.0.
China’s iQiyi Subscriber Base Grows With Shelter in Place Digital Demand
Chinese video streaming company iQiyi, an arm of China major Baidu known as China’s Netflix, reported first quarter earnings Monday after the close. Total revenues and subscribers rose driven by surging demand for digital entertainment when sheltering in place
China’s iQiyi Sees a 58% Increase in Subscriber Base but Losses Widen
Chinese video streaming company iQiyi, an arm of China major Baidu known as China’s Netflix, reported first quarter earnings Thursday after the close. The net loss widened to RMB 1.8 billion ($270.3 million), smaller than expected but with revenue lower than expected.
iQiyi Known as China’s Netflix Stock Jumps 22% After Earnings
Chinese video streaming company iQiyi, known as China’s Netflix reported better than expected fourth quarter earnings Thursday after the close seeing the stock gain 22%. Losses were again huge, over US$500 million for the quarter, but revenue soared 55% exciting investors.
The Trade Desk Continues To Grow at Brisk Pace, Raises Guidance
Digital advertising placement firm Trade Desk reported better than expected third quarter earnings Thursday and raising guidance. $TTD shares soared 15% after hours as the connected TV ad spending growth rate accelerates.
China’s Netflix iQiyi Earnings Suffer as Operating Loss Margin Widens
Chinese video streaming company iQiyi, known as China’s Netflix reported worse than expected third quarter earnings Tuesday after the close. The operating loss margin blew out to 37% sending the $IQ shares sharply lower.
What Are The Risks of China’s Netflix iQiyi $2 Billion IPO
Chinese video streaming company iQiyi, known as China’s Netflix is set to go public Thursday on the Nasdaq under the ticker IQ and expected to raise $2.375 billion, the biggest IPO since Snap’s $3.4 billion last year. Baidu $BIDU is the majority owner.
Digital Advertising Firm Trade Desk Shares Soar After Raising Outlook
Digital advertising placement firm Trade Desk reported better than expected fourth quarter earnings Thursday and raising guidance. $TTD shares soared 14% after hours with the market liking the agreements in China with Baidu $BIDU.