So far investors have been focused on artificial-intelligence infrastructure plays rather than productivity beneficiaries, says Goldman Sachs.
Trade Desk Inc (NASDAQ:TTD) shares tumbled almost 30% in premarket trading on Friday after the digital advertising technology company reported second-quarter revenue and profit that missed Wall Street estimates and issued a third-quarter forecast far below expectations. The company posted revenue of $715 million for the quarter, up 3% year-over-year but short of analysts' estimate of $751 million.
The Trade Desk stock continued its strong freefall, reaching its lowest level since January 2019. TTD has plunged by over 90% from its all-time high, marking a sharp reversal for a company that was one of the top performers in 2024.
The ad-tech company's shares fell close to 30% after earnings as guidance disappointed.
Trade Desk's growth struggles deepened in the second quarter, as the company posted an earnings and revenue miss combined with disappointing guidance.
LOS ANGELES--(BUSINESS WIRE)--The Trade Desk, Inc. (“The Trade Desk,” the “Company” or “we”) (NASDAQ: TTD), a provider of a global technology platform for buyers of advertising, today announced financial results for its second quarter ended June 30, 2026. “This quarter did not meet the standard we set for ourselves, but it has reinforced our belief that we are focused on the right opportunities...
The Trade Desk (Trade Desk Inc (NASDAQ:TTD))'s upcoming print does not look compelling in either direction, according to analysts at Jefferies, who warned that structural challenges are likely to persist regardless of the outcome of the company's dispute with Publicis. The brokerage said it is modeling second-quarter revenue growth of 8% year-over-year, in line with Street estimates, though it ...