Media buying platform and global advertising technology company The Trade Desk reported a 12% rise in revenue to $US689 million for the March quarter.
“We’re encouraged by the impact of the strategic upgrades we’ve been making across the company, which contributed to our outperformance in Q1,” said Jeff Green, CEO and co-founder.
“Despite headwinds in the macro environment, we remain confident in our ability to lead and innovate within the programmatic ecosystem.
“We’re focused on delivering increasing value to marketers and to help them prioritise objective, transparent and data-driven media buying on the open internet.”
The company forecasts June quarter revenue of at least $US750 million.
Shares in The Trade Desk have faced turbulence following reports that holding companies, including Publicis Groupe and Omnicom, are questioning or pulling back their recommendations for the platform due to audit concerns over fees.
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