Here's a look at the details from the report   TTD stock is moving. Watch the price action here.The Details: The Trade Desk reported quarterly earnings of 59 cents per share, which beat the consensus estimate of 58 cents, according to data from Benzinga Pro.Quarterly sales of $846.79 million beat the Street estimate of $840.46 million and were up from $741.01 million in the same period last year.The Trade Desk reported the following full-year highlights: 2025 gross spend of $13.4 billion.Customer retention ...

Here's a look at the details from the report   TTD stock is moving. Watch the price action here.The Details: The Trade Desk reported quarterly earnings of 59 cents per share, which beat the consensus estimate of 58 cents, according to data from Benzinga Pro.Quarterly sales of $846.79 million beat the Street estimate of $840.46 million and were up from $741.01 million in the same period last year.The Trade Desk reported the following full-year highlights: 2025 gross spend of $13.4 billion.Customer retention ...

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The Trade Desk Faces Its Most Important Revenue Test After a 67% Collapse - 24/7 Wall St.[S&P 5006,927.00 +0.52%][Dow Jones49,256.00 +0.18%][Nasdaq 10025,269.80 +1.16%][Russell 20002,645.71 -0.22%][FTSE 10010,764.60 +0.47%][Nikkei 22559,490.30 +2.69%][Stock Market Live February 25, 2026: S&P 500 (SPY) Up on Trump and Tech][Investing]# The Trade Desk Faces Its Most Important Revenue Test After a 67% Collapse### Quick ReadTrade Desk (TTD) stock fell 67% over the past year despite 18% revenue growth and custom ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Core Viewpoint - Evercore ISI maintains an Outperform rating and a $70 price target for The Trade Desk, anticipating a modest earnings beat in Q4 and constructive guidance for the future [1]. Group 1: Earnings Expectations - The Trade Desk is expected to deliver a modest earnings beat in Q4, with guidance likely to be in line, indicating a favorable outlook for Q1 [1]. - The firm estimates that gross spend excluding political ads decelerated by 2 percentage points in Q4 2024, following 8-point decelerations in both Q3 and Q2 2024 [3]. Group 2: Market Position and Competitive Landscape - Shares of The Trade Desk have declined approximately 33% year to date, leading to muted market expectations, prompting Evercore to reiterate its Tactical Outperform positioning [2]. - Despite some softness in the consumer packaged goods (CPG) category and increased competition from Amazon DSP, The Trade Desk has enhanced its value propositions, such as Audience Unlimited, to drive higher platform engagement and spending [2]. Group 3: Profitability Outlook - Evercore expects Street EBITDA estimates to be achievable and aligned with management guidance, implying roughly 9% quarter-over-quarter expense growth, which is above recent seasonal norms [3].

Industry Overview - The global digital advertising market is projected to grow at a CAGR of 9.4% from 2026 to 2035, indicating its attractiveness as a long-term growth market in the technology sector [1]. Company Profiles The Trade Desk (TTD) - TTD operates a leading demand-side platform (DSP) focused on data-driven advertising, facing significant competition from major players like Meta, Apple, Google, and Amazon [2][5]. - TTD's total operating costs surged 17% year over year to $457 million, driven by investments in enhancing platform capabilities [6]. - The company expects revenues of at least $840 million for Q4 2025, with a projected year-over-year revenue growth rate of 18.5% [9]. - TTD's AI-powered Kokai platform is used by 85% of its clients, strengthening its competitive position [8][11]. PubMatic (PUBM) - PUBM is a sell-side platform that helps publishers monetize their inventory, with a focus on connected TV (CTV) and retail media growth [2][10]. - PUBM reported over 50% year-over-year growth in CTV revenues in Q3, capitalizing on the shift of approximately $155 billion in linear television ad spend to digital formats [12]. - The company anticipates fourth-quarter revenues between $73 million and $77 million, with adjusted EBITDA projected between $19 million and $21 million [16]. - PUBM's revenues from emerging revenue streams grew over 80% year over year, contributing 10% of total revenues in Q3 [14]. Competitive Landscape - Both TTD and PUBM are experiencing growth in CTV and retail media but face rising competition and macroeconomic risks [11]. - TTD's focus on geographic expansion and AI integration presents both opportunities and challenges, particularly with regulatory changes [7][8]. - PUBM's reliance on major DSP clients poses risks, as evidenced by a recent revision in bidding approach affecting its top line [17]. Share Performance & Valuation - Over the past month, TTD and PUBM's shares have declined by 25.8% and 14.7%, respectively [20]. - TTD's shares are trading at a forward price/sales ratio of 3.55X, while PUBM's is at 1.09X, indicating a higher valuation for TTD [21]. Analyst Estimates - Analysts have kept estimates unchanged for both TTD and PUBM for the current fiscal year, indicating stability in expectations [22][24]. - TTD currently holds a Zacks Rank of 4 (Sell), while PUBM has a Zacks Rank of 3 (Hold), suggesting PUBM may be a better pick at the moment [25].

Group 1 - The Trade Desk, Inc. (TTD) has experienced a significant stock price collapse over the last 12 months, losing two-thirds of its market capitalization, which presents a contrarian investment opportunity [1] - The investment strategy focuses on GARP (Growth At a Reasonable Price) and turnaround stocks, emphasizing the importance of valuation in stock selection [1] - The author identifies stocks with limited downside potential and unlimited upside potential as part of their investment philosophy [1] Group 2 - The author is a professional portfolio manager with a background in business studies across multiple countries, including France, the U.S., and Russia [1] - The author's investment opinions and decisions are publicly available on the eToro platform, showcasing a transparent investment approach [1]

Core Insights - The Trade Desk (TTD) is facing significant pressure on its stock, primarily due to challenges in the digital advertising and Open Internet sectors [1] - Recent earnings report from The Trade Desk revealed some disappointments, indicating potential issues in performance and market positioning [1] - Leadership changes within the company may contribute to the current challenges and uncertainties surrounding its future [1]

Core Insights - The Trade Desk, Inc. (TTD) is set to report its fourth-quarter 2025 results on February 25, with a consensus estimate for earnings at 59 cents and total revenues at $841.9 million, reflecting a 13.6% year-over-year increase [1][10] Revenue and Earnings Expectations - TTD anticipates revenues to be at least $840 million, with an 18.5% year-over-year growth rate when excluding U.S. political ad spend from the prior year [2] - The company projects an adjusted EBITDA of $375 million [2] - TTD has beaten the Zacks Consensus Estimate in three of the last four quarters, with an average surprise of 8.4% [2] Business Performance Factors - Continued momentum in Connected TV (CTV) is expected to support TTD's top-line performance, as CTV is the fastest-growing segment in digital advertising [5] - Management noted a rapid transition towards biddable CTV, which is anticipated to become the default buying model, offering greater flexibility and control for advertisers [6] - Other growth drivers include retail media, international expansion, and the Kokai platform, with 85% of clients using Kokai as their default experience [7] Competitive Landscape - TTD faces significant competition from major players like Amazon and Alphabet, particularly in the CTV space [10][12] - The digital advertising market is characterized as a buyer's market, leading to persistent pricing and margin pressures [13] - TTD's stock has declined 51.4% over the past six months, underperforming the Internet-Services industry and the S&P 500 [16] Valuation Metrics - TTD's stock is trading at a forward 12-month price/earnings ratio of 11.82X, which is lower than the industry average of 25.3X [20] - Competitors like Amazon and Alphabet are trading at higher forward price/earnings multiples of 25.65X and 25.7X, respectively [21] Strategic Initiatives - TTD's initiatives such as OpenPath, Deal Desk, Pubdesk, and OpenAds aim to enhance transparency and supply-chain efficiency by connecting advertisers directly to publishers [8] - The company is focusing on embedding AI across its portfolio, which may increase capital expenditures and operational costs [14]