The Trade Desk demonstrated strong financial performance and growth through strategic platform upgrades and AI integration. However, challenges from macroeconomic factors and competitive pressures from walled gardens persist.

Company Guidance -

Q3 2025

During The Trade Desk's Q2 2025 earnings call, CEO Jeff Green highlighted the company's robust financial performance and strategic advancements. The company reported a 19% year-over-year revenue growth, driven by strong momentum in connected TV (CTV) and retail media sectors. Green emphasized that 3/4 of client spend is now on their Kokai platform, which leverages AI to enhance campaign performance, showing over a 20-point improvement in key performance indicators (KPIs). Green also pointed out the successful integration of OpenPath and the Sincera acquisition, which have contributed to supply chain efficiency and transparency, benefiting both clients and publishers. Additionally, the company is witnessing a significant increase in joint business plans (JBPs), with nearly 100 in progress, and is experiencing faster growth in spend under these JBPs compared to the overall business. The Trade Desk is focusing on operational rigor, evidenced by the recent leadership changes, including the appointment of Alex Kayyal as CFO. Looking forward, the company is poised to lead the adtech sector into 2026, capitalizing on the expanding global advertising market, valued at over a trillion dollars, with strategic investments in AI and a commitment to transparency.

Strong Revenue Growth

The Trade Desk reported a 19% year-over-year revenue growth for Q2 2025, continuing to outpace the digital advertising market.

Expansion of Kokai Platform

Around 3/4 of all client spend is now running through Kokai, with clients seeing a 20-point improvement across key KPIs. The platform is expected to be fully adopted by all clients by the end of the year.

Successful AI Integration

AI-driven innovations, particularly through the Kokai platform, are delivering significant performance improvements, such as a 43% improvement for Samsung and a 73% improvement for Cashrewards.

Growth in CTV and Retail Media

CTV remains the fastest-growing channel, with significant partnerships and increased multiyear joint business plans. Retail media also saw a record amount of spend influenced by retail data.

Strong Financials and Cash Position

Adjusted EBITDA for Q2 was approximately $271 million, about 39% of revenue, with a strong cash position of $1.7 billion.

Operational Enhancements

The company is enhancing operational rigor, including leadership changes with the appointment of Vivek Kundra as COO and Alex Kayyal as CFO.

Trade Desk (DE:TT8) Earnings, Revenues Date & History

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DE:TT8 Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 06, 2025	2025 (Q3)	0.17 / -	0.352	―	―	―
Aug 07, 2025	2025 (Q2)	0.15 / 0.15	0.335	-53.85% (-0.18)
May 08, 2025	2025 (Q1)	0.12 / 0.09	0.223	-61.54% (-0.14)
Feb 12, 2025	2024 (Q4)	0.49 / 0.51	0.352	43.90% (+0.15)
Nov 07, 2024	2024 (Q3)	0.34 / 0.35	0.283	24.24% (+0.07)
Aug 08, 2024	2024 (Q2)	0.31 / 0.33	0.24	39.29% (+0.09)
May 08, 2024	2024 (Q1)	0.19 / 0.22	0.197	13.04% (+0.03)
Feb 15, 2024	2023 (Q4)	0.35 / 0.35	0.326	7.89% (+0.03)
Nov 09, 2023	2023 (Q3)	0.25 / 0.28	0.223	26.92% (+0.06)
Aug 09, 2023	2023 (Q2)	0.22 / 0.24	0.172	40.00% (+0.07)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

DE:TT8 Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 07, 2025	€76.00	€45.92	-39.57%
May 08, 2025	€52.32	€64.93	+24.10%
Feb 12, 2025	€115.48	€79.88	-30.83%
Nov 07, 2024	€121.70	€114.30	-6.08%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.