BUZZ-Trade Desk dives after first revenue miss in at least five years

Shares of ad-tech firm Trade Desk TTD.O plunge 27% to $89.81 premarket

Q1 revenue forecast falls short of estimates on softer demand for its digital advertising services in the connected TV market

The outlook is for the period following the holiday season where analysts expected retailers to double down on advertising, with a focus on political ad spending during the U.S. presidential elections

Q4 revenue also misses estimates, the first top-line miss for the company in at least five years, per LSEG data

At least five brokerages trim PT on stock after results

"There were likely several factors leading to the first ever miss in company history, but mgmt primarily cited the sales reorganization and subsequently slower than expected adoption of Kokai" - Jefferies

TTD shares up 65% over the past 12 months compared to 23% rise in the Nasdaq 100 .NDX