The Trade Desk Climbs 6% Ahead of Earnings; Magnite Gains 2%, AppLovin Dips

Impact · against what's priced in

The Trade Desk's price action is based on meeting its own lowered expectations, while AppLovin's strong results are already largely absorbed into a price that assumes a sharp growth deceleration. Magnite is the primary beneficiary of actual upside relative to expectations, specifically regarding political spend and CTV growth.

APP+0.00

Already priced in

The price assumes

a near-term deceleration to roughly 47-53% revenue growth