
Please try another search
The Trade Desk (NASDAQ:TTD) recently tied up with short-form mobile video platform — TikTok — in a bid to expand its advertisement foothold across the Asia-Pacific market. With this collaboration, Trade Desk clients will gain access to premium TikTok video library, which can be used for their advertising campaigns. The partnership agreement will cover 11 Asia-Pacific countries, including Australia, India, Japan and Russia.
A huge user base and viewability across worldwide makes the TikTok partnership deal more crucial for Trade Desk. The deal is likely to help the online advertisement platform provider fortify its global footprint and client base.
Notably, the short-form video sharing company has been gaining traction since its global app launch for iOS and Android platforms in 2017. Reportedly, the company has more than 1 billion user base across more than 150 countries.
Soft beverage giant, PepsiCo (NASDAQ:PEP) , would be the first client to access the TikTok library via The Trade Desk platform. Under the agreement, PepsiCo will run online advertisement campaign for its Lays chips portfolio in Thailand.
Trade Desk Eyeing Global Expansion
The above-mentioned partnership is part of Trade Desk’s focus on boosting its international footprint. In 2019, Trade Desk partnered with China-based media companies, like Baidu (NASDAQ:BIDU) , iQIYI (NASDAQ:IQ) and Tencent (OTC:TCEHY) , in order to roll out its programmatic ad buying platform in the country.
The latest collaboration with TikTok will enable Trade Desk to gain a foothold in the Asia-Pacific advertising market, which per Kenneth research data, quoted by MarketWatch, is expected to witness a CAGR of 14% between 2019 and 2026.
This bodes well for the company as it is likely to acquire new subscribers in the region, which, in turn, will stoke top-line growth.
Growing Competition in Digital Advertising Market
Trade Desk is facing intense competition in the advertising market from the likes of Alphabet’s Google (NASDAQ:GOOGL) division and Facebook (NASDAQ:FB), which controlled over 50% of the global digital ad market in 2019.
However, for the last few years, Trade Desk has been gaining popularity owing to its transparency policy. The company provides its clients insights on how their ads are performing, which Google and Facebook otherwise do not. Moreover, Google and Facebook are criticized, and have been facing regulatory scrutinise due to unethical use of consumer data.
Zacks Rank
Trade Desk currently carries a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +50%, +83% and +164% in as little as 2 months. The stocks in this report could perform even better.
See these 7 breakthrough stocks now>>
Stocks fell sharply, with the S&P 500 leading the decline, finishing the day down almost 1.6% at 5,860. Meanwhile, the Nasdaq 100 dropped nearly 2.75%, closing at 20,550. This...
The stock market has hit a rough patch lately, with the benchmark SPDR S&P 500 (NYSE:SPY) sliding nearly 3% in a single week. Most sectors have followed the downward trend,...
Regimes are changing in the market, and this could mean a few things, but today, it means that volatility is back. Whenever these shifts come, specifically to the S&P 500...
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.