The Trade Desk Sees Revenue Jump but Withdraws 2020 Guidance Due to Uncertainty

Biggest independent ad-tech player had forecast gross spend of $4.24 billion for the year

The Trade Desk today posted revenues of $160.7 million for the opening quarter of the year, a 33% year-over-year increase. But the company cited the impact of the Covid-19 pandemic as cause for withdrawing its earlier 2020 spend forecasts.