The Trade Desk gains after reaffirming its Q2 guidance on revenue, EBITDA
anyaberkut/iStock via Getty Images


The Trade Desk (NASDAQ:TTD) has jumped 3.7% after reaffirming its second-quarter guidance as its annual meeting begins.
In an SEC filing, the company notes it continues to expect revenues of at least $364 million, and adjusted EBITDA of about $121 million for the quarter ending June 30.

That's a reiteration of guidance that the company provided along with its earnings on May 10. That forecast sent the stock lower at the time.
Analyst consensus for the second quarter now is for The Trade Desk to post revenues of $365.5 million.
The news likely comes as welcome to investors particularly in the wake of the tech sell-off precipitated by Snap's harsh macroeconomic warning, which sent ad-tech stocks lower.