Back
Trade Desk tumbles after Q2 miss and weak Q3 outlook

Trade Desk tumbles after Q2 miss and weak Q3 outlook

Premarket losses deepened to nearly 29% as the ad-tech company flagged macro pressure and execution issues after reporting weaker earnings, revenue and margin trends, with third-quarter sales guidance far below estimates.

Fact Check
Trade Desk's official Q2 2026 results (StockTitan reproduction of the BusinessWire release) confirm a revenue and earnings miss ($715M revenue and $0.34 adjusted EPS below consensus), margin compression (adjusted EBITDA $241M down from $271M), and Q3 guidance of at least $650M far below the ~$805M consensus. Benzinga corroborates that management cited macro pressures (tariffs, oil, weak consumer spending) and execution issues, and reported premarket losses deepening to about -28.58%, consistent with the claim's 'nearly 29%.' All material elements of the claim are supported.
    Reference: 123
Summary

The Trade Desk fell to a new 52-week low in Friday premarket trading after the advertising technology company reported second-quarter adjusted earnings of 34 cents a share on $715.1 million in revenue, missing analyst estimates of 40 cents and $751.4 million, and guided for at least $650 million in third-quarter revenue and about $160 million in adjusted EBITDA versus a consensus of $805.1 million. Adjusted EBITDA fell to $241 million from $271 million and margin narrowed to 34% from 39% as CEO Jeff Green cited tariffs, higher oil prices, weaker lower-income consumer spending and internal execution issues, particularly in consumer packaged goods and automotive. Shares were down 28.58% at $12.62 before the open, after an earlier after-hours drop, even as the company pointed to growth in client joint business plans, strength in financial services, technology and pharmaceuticals, and nearly 30% year-to-date gains in EMEA and APAC.

Terms & Concepts
  • adjusted EBITDA: A profitability measure that excludes interest, taxes, depreciation, amortization and certain other adjustments.
  • 52-week low: The lowest price a stock has traded at over the past year.
  • joint business plans: Structured commercial agreements that set shared goals and spending plans between a company and its clients.