Trade Desk Inc (NASDAQ:TTD) shares tumbled almost 30% in premarket trading on Friday after the digital advertising technology company reported second-quarter revenue and profit that missed Wall Street estimates and issued a third-quarter forecast far below expectations. The company posted revenue of $715 million for the quarter, up 3% year-over-year but short of analysts' estimate of $751 million.
The Trade Desk flags execution gaps and macro pressure after Q2 revenues rose 3%, while its Q3 guide assumes no meaningful improvement.
Shares of Trade Desk Inc (NASDAQ:TTD) are down 28.4% before the open at $12.65.
The Trade Desk stock continued its strong freefall, reaching its lowest level since January 2019. TTD has plunged by over 90% from its all-time high, marking a sharp reversal for a company that was one of the top performers in 2024.
The Trade Desk, Inc. (TTD) Q2 2026 Earnings Call Transcript
The Trade Desk (TTD) came out with quarterly earnings of $0.34 per share, missing the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.41 per share a year ago.
Trade Desk's growth struggles deepened in the second quarter, as the company posted an earnings and revenue miss combined with disappointing guidance.
TTD enters Q2 earnings with CTV, retail media, international and AI momentum offset by macro pressure, rising costs and fierce competition.
The Trade Desk (TTD) closed at $18.28 in the latest trading session, marking a -4.24% move from the prior day.
The Trade Desk (TTD) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
The Trade Desk (TTD) concluded the recent trading session at $18.24, signifying a -2.17% move from its prior day's close.
The Trade Desk (Trade Desk Inc (NASDAQ:TTD))'s upcoming print does not look compelling in either direction, according to analysts at Jefferies, who warned that structural challenges are likely to persist regardless of the outcome of the company's dispute with Publicis. The brokerage said it is modeling second-quarter revenue growth of 8% year-over-year, in line with Street estimates, though it would not rule out a typical beat of around 2%.