EarningsQ2 2026 Earnings Report
MX:TTD Q2 2026 EPS Results
Actual EPS$2.42
Consensus EPS$3.07
Beat/MissMissed by -$0.66
One Year Ago EPS$3.11
MX:TTD Q2 2026 Revenue Results
Actual Revenue$12.35B
Expected Revenue$12.99B
Beat/MissMissed by -$644.94M
YoY Revenue Growth+3.03%
Earnings Announcement Details
QuarterQ2 2026
Date08/06/2026
TimeAfter Close
Conference CallThursday, August 6, 2026
MX:TTD Upcoming Earnings
Trade Desk's next earnings date is estimated for November 5, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:TTD Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a balanced picture: meaningful strengths (solid cash generation, JBPs accelerating revenue under strategic partnerships, strong regional and CTV/audio growth, promising early results from Audience Unlimited, and a robust product/measurement roadmap plus experienced new leadership) are offset by clear near‑term challenges (Q2 revenue growth only 3% YoY, admitted execution shortcomings, rising operating expenses from infrastructure and AI investments, concentration in pressured categories like CPG and autos, and cautious Q3 guidance). Management emphasized disciplined prioritization and product initiatives to drive longer‑term recovery, but near‑term visibility remains limited.Company Guidance
Q2 Revenue and Profitability
Reported revenue of $715 million in Q2, up 3% year‑over‑year. Adjusted EBITDA was $241 million representing a 34% margin. Adjusted net income was $158 million ($0.34 per diluted share).
Strong Cash Position and Free Cash Flow
Generated $154 million of net cash provided by operating activities and $136 million of free cash flow in Q2. Ended the quarter with approximately $1.5 billion in cash, cash equivalents and short‑term investments.
Joint Business Plans (JBPs) Momentum
Signed JBPs with 217 clients as of Q2 (38% year‑over‑year growth in number of JBPs). Revenue under JBPs grew at a rate ~6x higher than overall revenue, indicating stronger growth tied to strategic, long‑term partnerships.
Regional and Channel Growth
EMEA and APAC grew almost 30% year‑to‑date; China grew over 100% year‑to‑date. CTV and audio showed double‑digit growth in Q2; video (including CTV) represented a low‑50s percent share of business. CTV grew over 50% year‑over‑year in both EMEA and APAC.
Audience Unlimited Early Results
Audience Unlimited case study: a global advertiser reduced cost per unique household and data CPM by more than 25% compared with a prior campaign, demonstrating potential efficiency gains from the product and new pricing approach.
Product & Measurement Roadmap
Announced measurement framework in alpha to better assign value across the customer journey; launching a major platform usability upgrade (Zuma) this month to improve workflows and AI integration; enterprise Kokai and agentic AI initiatives prioritized.
Client Mix & Vertical Strengths
Majority of top 100 accounts growing double digits year‑over‑year; accounts outside top 500 growing over 50% year‑to‑date. Notable vertical growth in medical/health, automotive (overall strength), and travel.
Leadership & Go‑to‑Market Investments
Brought in experienced senior hires across commercial, operations and product (COO, new CFO, CCO, Chief Business Development Officer, CMO, VP of Client Strategy). Expanded commercial leaders and growth teams to accelerate enterprise and mid‑market penetration.
MX:TTD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed