Susquehanna Growth Equity (SGE)

Alphabet and Tesla Headline This Week's Earnings

The article previews a busy earnings week with megacaps Alphabet and Tesla among 77 S&P 500 companies scheduled to report second-quarter results. It highlights scheduled reporting times and analyst expectations for General Motors, CME Group, IBM, Tesla, Alphabet and Intel, citing data providers FactSet and LSEG on aggregate beats and company forecasts. The piece also notes recent market weakness driven by semiconductor declines and geopolitical tensions, and flags notable analyst commentary and historical earnings patterns for the named companies.

The Trade Desk Closes First Year Of Earnings, As Investors Scrutinize DSP Landscape

The Trade Desk reported Q2 revenue of $72.8 million, up 54% year over year, and raised full-year guidance to at least $303 million. In Q1, the company lifted 2017 revenue guidance from $270 million to $291 million. Management highlighted growth driven by mobile advertising and diversification into native, connected TV, and audio, with third-party data use on the platform up 72% YoY. CEO Jeff Green tied expansion to both platform gains and consolidation among independent DSPs. The article notes DSP-related M&A activity (Sizmek acquiring Rocket Fuel; Amobee purchasing Turn) and Tremor Video selling its buy-side unit for $50 million, along with Rubicon Project shuttering its demand side. Supply-side trends like header bidding increase costs and pressure on margins, contributing to competitive dynamics. Operating expenses rose from $32.1 million in Q2 2016 to $53.1 million this year. Analysts have raised price targets; The Trade Desk’s stock traded around $50–$55 after a intraday dip.

The Trade Desk Beats Earnings And Ups Revenue Forecast

The Trade Desk beat Q1 2017 expectations with $53.4 million in revenue, up 76% year over year, and raised its 2017 revenue guidance to at least $291 million from $270 million. The stock rose after hours, and CEO Jeff Green attributed growth to consolidation among demand-side platforms (DSPs). The platform’s mobile channels accounted for more than a third of ad spending, with native ads spending in Q1 2017 exceeding all of last year. Connected TV grew 200% year over year, signaling expanding programmatic opportunities despite minimal inventory. Analysts at Jefferies and Susquehanna raised price targets on The Trade Desk, while brands like P&G implicated ongoing shifts in DMP and DSP relationships.