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Trade Desk (TTD)
NASDAQ:TTD
Earnings Data
Report Date
May 13, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.09Last Year’s EPS
0.1Same Quarter Last Year
Moderate Buy
Based on 29 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call balanced strong operational and financial achievements — record full-year revenue ($2.9B), high adjusted EBITDA margins (~47%), robust cash flow, no debt, significant AI/product innovations (Kokai, Audience Unlimited, Deal Desk), and clear go-to-market improvements (JBPs >50% of business) — against concentrated near-term headwinds in CPG and auto that weighed on guidance and visibility. Management emphasized disciplined reinvestment in infrastructure and AI, provided client case studies showing outsized campaign performance, and signaled confidence in long-term growth despite cautious Q1 guidance. Overall, positive momentum in product adoption, profitability and capital returns outweighs the sector-specific softness and short-term guidance conservatism.Company Guidance
Full-Year and Q4 Revenue Growth
Full year 2025 revenue of $2.9 billion, up 18% year-over-year. Q4 2025 revenue of $847 million, up 14% year-over-year on an absolute basis and up ~19% year-over-year excluding political spend.
Strong Profitability and Cash Generation
Q4 adjusted EBITDA of approximately $400 million (~47% of revenue). Q4 net income of $187 million (22% of revenue) and adjusted net income of $284 million. Q4 operating cash flow of $312 million and free cash flow of $282 million. Ended Q4 with ~$1.3 billion in cash and short-term investments and no debt.
Active Share Repurchase Program
Used $423 million in Q4 to repurchase Class A common stock and announced additional authorization bringing total program to $500 million, reflecting capital return discipline.
Channel Mix and CTV Momentum
Video (including CTV) represented ~50% of Q4 business and continued to outgrow the company. CTV remained one of the fastest-growing channels in 2025 and drove strong growth across the year.
Audio and International Expansion
Audio represented ~6% of Q4 revenue and was the fastest-growing channel in the quarter. International revenue was ~16% of Q4 revenue and continues to outpace North American growth, with EMEA and APAC momentum highlighted.
Tangible Customer Performance Wins
Multiple client case studies showing material performance improvements: an appliance manufacturer test on CTV reached 70% more unique households at 30% lower total cost and delivered 6x better campaign goal performance; Cheerios (Nestle) display in the U.K. saw 88% more conversions and 7x better CPA; IKEA saw a 17% decrease in cost per acquisition via Kokai; Best Western doubled booking rate with an 89% improvement in incremental reach.
AI and Product Innovations
Widespread adoption of Kokai AI (nearly 100% of clients using Kokai), plus major new products and initiatives: Audience Unlimited (data marketplace pricing/usage innovation), Deal Desk (centralized deal management with early performance gains), OpenPath (supply-chain efficiency), and Agentic AI frameworks — all positioned to enhance decisioning and measurement.
Retail Data Marketplace Strength
Retail-influenced spend on the platform reached record levels in 2025. The retailer partnerships in the marketplace represent over half of global retail sales, with the majority sending data via UID 2 and increasing retail data activation across campaigns and channels.
Go-to-Market and Organizational Improvements
Reorganized go-to-market around a brand-first integrated coverage model, eliminated overlapping coverage, increased direct advertiser relationships. Joint Business Plans (JBPs) accounted for well over half the business at year-end and the JBP pipeline more than doubled over the past year.
Operational Discipline with Focused Reinvestment
Headcount growth remained below revenue growth for the third consecutive year. Company is completing transition to owned data centers and investing in AI/ML infrastructure while targeting full-year 2026 adjusted EBITDA margin approximately in line with 2025.
TTD Earnings History
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 |
|---|---|---|---|
Feb 25, 2026 | $25.16 | ― | ― |
Nov 06, 2025 | $45.90 | $43.00 | -6.32% |
Aug 07, 2025 | $88.33 | $54.23 | -38.61% |
May 08, 2025 | $59.90 | $71.04 | +18.60% |
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.
FAQ
When does Trade Desk (TTD) report earnings?
Trade Desk (TTD) is schdueled to report earning on May 13, 2026, After Close (Confirmed).
What is Trade Desk (TTD) earnings time?
Trade Desk (TTD) earnings time is at May 13, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TTD EPS forecast?
TTD EPS forecast for the fiscal quarter 2026 (Q1) is 0.09.
