The Trade Desk Inc (TTD)

[midasx]

Tremor starting the process for ADR in the US!

Trading update posted today, listing in the US next quarter.


After upgrading our forecasts 4 times since September 2020, we conservatively upgrade our FY21 and FY22 EBITDA +21% and +23% to $82m and $100m, and if Tremor’s Q1 21 momentum continues through FY21, our forecasts are likely to see substantial upside.

Tremor is capitalising on structural growth

Tremor is trading at a major discount to its US peers despite experiencing the same 2020 trends, expecting Q1 21 organic revenue growth of +71-87% that is substantially ahead of all of its US peers at +13-41%, and having conservative FY21-22 forecasts