Shares of The Trade Desk (NASDAQ: TTD) are down 7% Wednesday despite the company reporting Q4 2021 earnings and revenue that topped the consensus estimates.

Adjusted EPS rose by 42 cents in the quarter, compared to 27 cents per share in the year-ago period. Revenue was $395.6 million in the fourth quarter, up 24% from the year-ago period and compared to the analyst consensus of $389.3 million.

For the current quarter, The Trade Desk expects adjusted EBITDA of roughly $91 million, beating the consensus estimates of $80.9 million. The company anticipates revenue of approximately $303 million in Q1 2022, compared to the analyst expectations of $287 million.

"2021 was a remarkable year for The Trade Desk capped off by record performance in the fourth quarter. The launch of Solimar, our most important new platform to date, along with major progress in areas such as CTV, identity and retail data, enabled us to gain more share of the data-driven advertising market,” said Jeff Green, founder and CEO of The Trade Desk.

By Senad Karaahmetovic | [email protected]