Overview
- The Trade Desk reported Q2 revenue of $694 million, up 19% year-over-year and slightly above analyst estimates.
- Management forecast Q3 revenue of at least $717 million, signaling a slowdown from Q1’s 25% growth to roughly 14% year-over-year.
- Alex Kayyal will succeed Laura Schenkein as CFO on August 21, with Schenkein moving to a non-executive director role.
- Shares tumbled nearly 40% in a single session, marking the steepest intraday decline in the company’s history.
- CEO Jeff Green attributed the cautious outlook to tariff uncertainty and intensified pressure from Amazon’s growing demand-side platform.