The Trade Desk (NASDAQ:TTD) experienced a 17% surge in its share price pre-market today, driven by the company’s impressive fourth-quarter revenue that exceeded expectations and positive future guidance.

In the fourth quarter of 2023, The Trade Desk posted an earnings per share (EPS) of $0.41, aligning with analyst forecasts. The company’s revenue reached $606 million, marking a 23% increase from the previous year and outperforming the consensus estimate of $581.96 million.

However, the adjusted EBITDA margin for the quarter was reported at 47%, a slight decrease from 50% in the same quarter the previous year.

Looking forward, the company expects its revenue for the first quarter of 2024 to be approximately $478 million, which is notably higher than the analysts’ expectation of $420.5 million. Additionally, The Trade Desk projects its adjusted EBITDA for the same period to be around $130 million.

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