The Trade Desk (TTD) reported strong third-quarter earnings, exceeding revenue and earnings estimates. However, the company’s shares plummeted after hours, likely driven by concerns about future growth and potential market saturation. The report highlights the company’s continued focus on programmatic advertising, particularly in the growing connected TV (CTV) market. This article delves into the details of The Trade Desk’s Q3 performance, the market’s reaction, and future outlook for the company.
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A devotee’s claim of finding a millipede in his curd rice at the Tirupati temple has sparked controversy. The TTD has dismissed the claims as false, while the devotee alleges negligence and intimidation by temple authorities. This incident comes amidst ongoing scrutiny of the Tirupati laddu for alleged use of animal fat.
Amidst allegations of adulteration in Tirupati laddus, India’s leading dairy brand, Amul, has categorically denied supplying ghee to the Tirumala Tirupati Devasthanam (TTD). Amul asserts that their ghee is made from pure milk and undergoes rigorous quality checks, dispelling rumors circulating on social media. The controversy arose after a lab report suggested the presence of ‘lard’ in the laddus, sparking outrage among devotees.
Andhra Pradesh Minister Pawan Kalyan has expressed deep concern over the discovery of animal fat in Tirupati Balaji Prasad, urging the TTD board to address the issue. He proposed the establishment of a ‘Sanatana Dharma Rakshana Board’ to protect temples from desecration. The controversy erupted after the TDP claimed a lab report confirmed the presence of animal fats in the ghee used to prepare the laddu.
B of A Securities analyst Jessica Reif Ehrlich initiated coverage on The Trade Desk (TTD) with a Buy rating and a $135 price target, citing the company’s strategic positioning in the expanding Connected TV and Retail Media ad markets. The analyst believes TTD is well-positioned to benefit from anticipated global growth in these sectors and has ample room for growth in both revenue and profit.
The Tirumala Tirupati Devasthanam (TTD) has initiated the booking process for July’s special entry darshan tickets, priced at ₹300, starting from April 24th. The virtual queues opened at 10 am on the official website. Other ticket quotas for various services like Srivari Arjita Seva, Kalyanotsavam, Oonjal Seva, Arjita Brahmotsavam, and Sahasradipalankara Seva have also been released. Pilgrims can also book Angapradakshinam tokens and Srivani Trust tickets. Notably, free special darshanam tokens are available for elderly, disabled, and chronically ill individuals.