The earnings call highlights strong revenue growth and strategic advancements, particularly with the Kokai platform, CTV, and international expansion. However, challenges such as underperformance in certain verticals and macroeconomic pressures were noted.

Company Guidance -

Q3 2025

During The Trade Desk's Second Quarter 2025 earnings call, the company provided guidance for the upcoming quarters, highlighting several key metrics and strategic initiatives. Revenue for Q2 2025 was reported at $694 million, marking a 19% year-over-year growth, with a 20% increase when excluding the previous year's political ad spend. The company's adjusted EBITDA reached approximately $271 million, representing 39% of revenue. For Q3 2025, The Trade Desk anticipates a revenue of at least $717 million, reflecting a 14% year-over-year growth, or 18% when excluding the impact of political ad spend. The guidance underscores the company's strong performance in connected TV (CTV) and retail media, as well as the adoption of its Kokai platform, which is expected to be used by all clients by year-end. Additionally, The Trade Desk highlighted operational improvements, including the integration of AI capabilities and a focus on enhancing its supply chain through initiatives like OpenPath and OpenSincera. These efforts aim to drive efficiency and transparency, positioning the company for continued growth in the digital advertising landscape.

Strong Revenue Growth

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

Success of Kokai Platform

Kokai platform adoption led to significant performance improvements, with a 43% improvement in Samsung's audience reach and a 73% improvement in Cashrewards' cost per acquisition.

CTV as a Growth Driver

Connected TV (CTV) continues to be the fastest-growing channel for The Trade Desk, with increased partnerships with major companies like Disney, Roku, and Netflix.

Operational Rigor and Leadership

The company strengthened its leadership team with new appointments, including Vivek Kundra as COO and Alex Kayyal as CFO.

International Expansion

International growth outpaced North America, contributing 14% to the overall spend and driven by CTV expansion.

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
Nov 06, 2025	2025 (Q3)	0.20 / -	0.41	―	―	―
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)
Feb 15, 2024	2023 (Q4)	0.41 / 0.41	0.38	7.89% (+0.03)
Nov 09, 2023	2023 (Q3)	0.29 / 0.33	0.26	26.92% (+0.07)
Aug 09, 2023	2023 (Q2)	0.26 / 0.28	0.2	40.00% (+0.08)

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
Aug 07, 2025	$88.33	$54.23	-38.61%
May 08, 2025	$59.90	$71.04	+18.60%
Feb 12, 2025	$122.23	$81.92	-32.98%
Nov 07, 2024	$132.53	$125.13	-5.58%

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.