The Trade Desk delivered muted second-quarter 2026 results and issued a cautious third-quarter outlook, reflecting macroeconomic pressures and execution challenges. Quarterly revenues increased 3% year over year to $715 million, while adjusted EBITDA totaled $241 million, representing a margin of 34%. For the third quarter, management expects revenues of at least $650 million and adjusted EBITDA of approximately $160 million. The company highlighted ongoing pressure in key verticals such as Food & Drink and Home & Garden as consumer-packaged goods brands face geopolitical tensions, inflation and consumer softness, while automotive is also impacted by tariffs. Trade Desk admitted execution gaps that contributed to the underperformance, and management's third-quarter guidance assumes no meaningful improvement in the macro backdrop.
Trade Desk IncMuted Q2 results and cautious Q3 guidance reflect execution challenges and macro pressures.
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