earnings
confidence high
sentiment negative
materiality 0.85
Trade Desk Q2 revenue up 3% YoY to $715M; Q3 guidance weak with revenue at least $650M
Trade Desk, Inc.
- GAAP net income $64M ($0.14 diluted EPS) vs $90M ($0.18) YoY; non-GAAP EPS $0.34 vs $0.41.
- Adjusted EBITDA $241M (34% margin) vs $271M (39%) YoY; Q3 guidance: revenue ≥$650M, Adj. EBITDA ~$160M.
- Customer retention >95% for over a decade; repurchased $78M of stock in Q2, $269M remaining authorization.
- CEO says quarter 'did not meet the standard we set for ourselves'; cites complex environment and decisive actions.
- New partnerships with Dentsu, Databricks, Adobe, Netflix, and Samsung Ads; several executive appointments.