The Trade Desk (TTD) reported a slight increase in second-quarter 2026 revenues, reaching $715 million, up 3% year-over-year. Adjusted EBITDA stood at $241 million, with a margin of 34%. For the upcoming third quarter, the company forecasts revenues of at least $650 million and adjusted EBITDA around $160 million, reflecting ongoing macroeconomic pressures and execution challenges.
Key sectors like Food & Drink and Home & Garden have been under pressure, contributing to cautious spending from consumer-packaged goods (CPG) brands. Together, CPG and automotive sectors make up approximately 25% of TTD’s platform spend. While the company has identified growth potential in connected TV (CTV) and retail media, visibility remains limited amid ongoing geopolitical tensions and inflation.
The Trade Desk had 217 clients with joint business plans in Q2, marking a 38% year-over-year increase. Despite these challenges, CTV revenues in the EMEA and APAC regions grew by over 50% year-over-year, indicating broad adoption beyond the U.S. Meanwhile, TTD’s shares have fallen by 24.2% in the past month, trading at a forward price-to-earnings ratio of 7.23X, compared to the industry average of 20.13X.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
