The Trade Desk reported a disappointing June quarter result, with revenue up 3% to $US715.1 million, below analyst expectations.
Shares in the independent demand-side-platform fell by a quarter in after hours trading.
The company lowered expectations for the September quarter, guiding to revenue of $US650 million when the market had been expecting $805 million.
“This quarter did not meet the standard we set for ourselves, but it has reinforced our belief that we are focused on the right opportunities for the future,” said co-founder and CEO Jeff Green.
“Marketers are navigating a complex environment, but complexity increases the value of decisioning, measurement and AI.
“We have a clear understanding of the factors that impacted our performance, and we are taking decisive action to strengthen our execution, upgrade our platform, and sharpen our focus on the areas where we can create the greatest value.
“While there is work ahead, I am confident our actions will help marketers drive better business outcomes and support the shift of media budgets toward the open internet.”
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