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Trade Desk ( (TTD) ) has shared an update.
On February 25, 2026, The Trade Desk reported fourth-quarter and full-year 2025 results showing revenue of $2.9 billion for 2025, up 18% year on year, with GAAP net income of $443 million and an adjusted EBITDA of $1.2 billion, maintaining a 41% adjusted EBITDA margin. The company highlighted $13.4 billion in gross spend, customer retention above 95% for the twelfth consecutive year, and ongoing product and partnership initiatives in identity, retail data, and connected TV, underlining its strengthening role in the global ad tech ecosystem.
The Trade Desk also disclosed aggressive capital returns, having deployed about $1.4 billion to repurchase Class A shares in 2025 at an average price of $52.60 and using $423 million in the fourth quarter alone. Reflecting confidence in its cash generation and market position, the board in February 2026 authorized an additional $350 million in buybacks, lifting remaining capacity for future repurchases to $500 million, while the company issued initial guidance calling for at least $678 million in revenue and about $195 million in adjusted EBITDA for the first quarter of 2026.
The most recent analyst rating on (TTD) stock is a Hold with a $23.00 price target. To see the full list of analyst forecasts on Trade Desk stock, see the TTD Stock Forecast page.
Spark’s Take on TTD Stock
According to Spark, TipRanks’ AI Analyst, TTD is a Outperform.
Trade Desk’s overall stock score is driven by strong financial performance and positive earnings call insights, indicating robust growth potential. However, technical indicators suggest a bearish trend, and the high P/E ratio reflects premium valuation, which may pose risks if growth expectations are not met.
To see Spark’s full report on TTD stock, click here.
More about Trade Desk
The Trade Desk, Inc., listed on Nasdaq as TTD, operates a global technology platform for buyers of advertising, with a focus on data-driven, measurable campaigns across channels such as connected TV and digital media. The company positions itself as an objective demand-side platform, emphasizing innovations in areas like its Kokai product, retail data partnerships, identity solutions such as Unified ID 2.0, and tools that enhance transparency and efficiency in the advertising supply chain.
Average Trading Volume: 13,530,637
Technical Sentiment Signal: Sell
Current Market Cap: $12.06B
See more insights into TTD stock on TipRanks’ Stock Analysis page.