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Trade Desk Tumbles on Weak Guidance as Adtech Market Softens

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The Story

News Summary

  • The Trade Desk tumbled after reporting weaker-than-expected Q2 revenue of $715 million and reduced guidance amid a challenging advertising environment.
  • Profitability deteriorated with net income dropping to $64 million, prompting Wall Street analysts to lower price targets and downgrade outlooks.
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GOOGL price history

338.50 +6.53% over the displayed period

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