Down 65% This Year, Is The Trade Desk Stock a Buy?

Still, The Trade Desk is a great business. Just look at profitability. In Q3, The Trade Desk delivered a 16% net income margin and an impressive 43% adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA). Additionally, the business remains a cash cow, generating substantial free cash flow. Free cash flow in the third quarter totaled $155 million.By contrast, Meta Platforms grew revenue 26% year over year in its own third quarter of 2025, off a much larger base. Meta benefits from ...