The Trade Desk, Inc. (TTD) Earnings Call Transcripts
The Trade Desk, Inc.'s Latest Earnings Call - Q2 FY2026
In Q2 2026, The Trade Desk (TTD) reported revenue of $715 million, a 3% increase year-over-year, but fell short of expectations due to macroeconomic pressures and execution challenges. Adjusted EBITDA was $241 million, reflecting a 34% margin. Management expects Q3 revenue to be at least $650 million, indicating a potential decline from the previous year, which has raised concerns among analysts regarding the company's growth trajectory and profitability outlook.
Reported metrics
| Metric | Value |
|---|---|
| Revenue | $715 million (miss) |
| Adjusted EBITDA | $241 million (inline) |
| Net Income | $64 million (inline) |
| Free Cash Flow | $136 million (inline) |
| Q3 Revenue Guidance | at least $650 million (negative) |
| Joint Business Plans Growth | 38% YoY (positive) |
Guidance from management
Management expects Q3 revenue to be at least $650 million and adjusted EBITDA around $160 million, indicating a cautious outlook amid ongoing macroeconomic challenges.
What management said
Dan, it's Nate. Just quickly on the guidance and the philosophy. So really no change in the approach to guidance. It's very data-driven. And I would say it just reflects the trends that we see in the business today. I would probably add that visibility is somewhat more limited than it has been in recent history. And given that, we're not assuming any meaningful improvement in the environment during the quarter. In ...
What analysts pressed on
Analysts expressed concerns over the company's ability to stabilize growth in the face of macroeconomic pressures and execution challenges. There were questions about the impact of these factors on long-term profitability and how management plans to address them moving forward.
Main topics on the call
- Revenue Growth Challenges — The Trade Desk's revenue growth was below expectations, attributed to macroeconomic pressures affecting large advertisers. CEO Jeff Green stated, "Our revenue growth is below our expectations and below the standard we ho...
- Joint Business Plans (JBPs) Success — The company reported a 38% year-over-year growth in JBPs, with revenue under these plans growing at a rate 6x higher than overall revenue. Green emphasized, "JBPs are much more than commercial agreements... they create a...
- Product Innovations — The Trade Desk is focusing on product innovations, including a new measurement framework and Audience Unlimited, which aims to enhance media buying efficiency. Green noted, "We are ramping up Audience Unlimited... we are...
- Geographic Growth — The EMEA and APAC regions have shown strong growth, with both regions growing almost 30% year-to-date. Additionally, China is growing over 100% year-to-date, indicating successful international expansion.
Read the full The Trade Desk, Inc. transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About The Trade Desk, Inc.
The Trade Desk, Inc. (TTD) is a publicly listed company in the Media industry, within the Communication Services sector. It trades on NasdaqGM and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 38 calls on record spanning February 27, 2020 to August 6, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 38 The Trade Desk, Inc. earnings call transcripts on record, spanning February 27, 2020 to August 6, 2026. Based on this history, The Trade Desk, Inc. reports quarterly. The most recent call on file is dated August 6, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- TTD
- Exchange
- NasdaqGM
- Country
- US
- Sector
- Communication Services
- Industry
- Media
- Calls on record
- 38
- First call
- February 27, 2020
- Most recent
- August 6, 2026
- Reporting cadence
- quarterly