Trade Desk (TTD)

NASDAQ:TTD

TTD

Trade Desk

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Trade Desk (TTD) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Aug 06, 2026

After Close (Confirmed)

Period Ending

2026 (Q2)

Consensus EPS Forecast

0.18

Last Year’s EPS

0.18

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 30 Analysts Ratings

Earnings Call Summary

Q1 2026

Earnings Call Date:May 07, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call highlighted durable, structural strengths—profitable growth, strong cash generation, meaningful product and partnership momentum (CTV, audio, retail data, Audience Unlimited, agentic AI), and robust JBP traction—while acknowledging near-term headwinds driven by macro uncertainty, category-specific softening (CPG, auto tariffs), elevated operating expenses ex-SBC, and some leadership/agency noise. Management provided conservative near-term guidance but reiterated confidence in long-term TAM expansion and a disciplined reinvestment strategy.

Company Guidance

Management guided Q2 revenue of at least $750 million and Q2 adjusted EBITDA of approximately $260 million, and reiterated full‑year 2026 adjusted EBITDA margin of at least 40% (roughly in line with 2025); as context they reported Q1 revenue of $689M (12% YoY), adjusted EBITDA $206M (30% margin), net income $40M ($0.08 diluted, ~6% of revenue), adjusted net income $134M ($0.28 diluted), operating expenses $622M (+11%; $513M ex‑SBC, +18%), income tax $39M, net cash from operations $392M, free cash flow $276M, cash/short‑term investments ~$1.4B, and $164M of share repurchases in Q1; channel and regional mix included video (CTV) in the low‑50s% of revenue, mobile in the high‑20s, display in the low‑teens, audio ~6% (fastest growing), US ~82%/international ~18%; they also flagged commercial momentum—March record 45 JBPs, Q1 JBP count +55% YoY, new JBP spend +40% YoY (ex renewals), a pharma win (+114% YoY spend), and product test KPIs for Audience Unlimited (−30% CPM, −38% data costs, −75% CPA, 2.7x conversion).

Revenue and Profitability

Q1 revenue $689M, up 12% year-over-year; net income $40M ($0.08 diluted, ~6% of revenue); adjusted net income $134M ($0.28 diluted).

Strong Adjusted EBITDA and Guidance

Q1 adjusted EBITDA $206M (30% margin). Q2 outlook: revenue at least $750M and adjusted EBITDA ~ $260M. Full-year 2026 adjusted EBITDA margin expected to be at least 40% (≈in line with 2025).

Cash Generation and Balance Sheet Strength

Net cash provided by operating activities $392M and free cash flow $276M in Q1; cash, cash equivalents and short-term investments ~$1.4B at quarter end; $164M of stock repurchases in Q1.

CTV/Video-Led Channel Mix

Video (including CTV) represented the low-50s% of revenue and continues to grow as a share of the mix, reflecting secular shift from linear TV to CTV.

Audio Momentum

Audio represented ~6% of revenue in Q1 and was the fastest-growing channel year-over-year during the quarter.

Joint Business Partnership (JBP) Momentum

March was the largest month on record with 45 JBP signings. Total JBP count grew 55% YoY in Q1; excluding renewals, new JBP deal spend grew 40% YoY. Notable win: a large pharma advertiser will increase spend on the platform by 114% YoY.

Audience Unlimited Performance

Test case showed Audience Unlimited delivered 30% lower CPMs, 38% lower data costs, a 75% more efficient CPA, and a 2.7x increase in conversion rate versus control, while reducing manual audience selection effort.

Retail Data Marketplace Advantage

Company claims retailers in its data marketplace represent >80% of sales from top U.S. retailers (compared to Amazon <15% U.S. retail spend), positioning a strong edge for retail media and measurement.

Strategic Partnerships and Product Wins

New and expanding partnerships highlighted: Stagwell (agentic AI), Lyft Ads (off-site rider experience), integrations with Criteo and Dollar General for retail media; continuing partnerships with major publishers (Disney, NBCU, Spotify, Netflix).

Disciplined Operating Priorities

Company expects headcount growth to remain below revenue growth, emphasizing productivity and targeted reinvestment in AI, retail media, measurement and platform innovation.

Trade Desk (TTD) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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TTD Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 06, 2026	2026 (Q2)	0.18 / -	0.18	―	―	―
May 07, 2026	2026 (Q1)	0.09 / 0.08	0.1	-20.00% (-0.02)
Feb 25, 2026	2025 (Q4)	0.34 / 0.39	0.59	-33.90% (-0.20)
Nov 06, 2025	2025 (Q3)	0.20 / 0.23	0.41	-43.90% (-0.18)
Aug 07, 2025	2025 (Q2)	0.18 / 0.18	0.39	-53.85% (-0.21)
May 08, 2025	2025 (Q1)	0.14 / 0.10	0.26	-61.54% (-0.16)
Feb 12, 2025	2024 (Q4)	0.57 / 0.59	0.41	43.90% (+0.18)
Nov 07, 2024	2024 (Q3)	0.40 / 0.41	0.33	24.24% (+0.08)
Aug 08, 2024	2024 (Q2)	0.36 / 0.39	0.28	39.29% (+0.11)
May 08, 2024	2024 (Q1)	0.22 / 0.26	0.23	13.04% (+0.03)

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

TTD Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 07, 2026	$23.49	$23.08	-1.75%
Feb 25, 2026	$25.16	$23.95	-4.81%
Nov 06, 2025	$45.90	$43.00	-6.32%
Aug 07, 2025	$88.33	$54.23	-38.61%

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.