The Trade Desk, Inc. earnings overview

TTD FY2026 Q1 · Calendar Q2 2026

The Trade Desk, Inc.

TTD delivered a solid Q1 2026 with revenue of $689M (+12% YoY) and adjusted EBITDA of $206M at a 30% margin, beating consensus revenue estimates by 1.5% while EPS slightly missed at $0.08 versus a $0.087 estimate. The company raised guidance, setting Q2 revenue at $750M or more and a full-year adjusted EBITDA margin target of 40% or higher. Growth was driven by CTV, audio, retail media, and international expansion, with the Audience Unlimited product showing concrete efficiency gains (30% lower CPMs, 38% lower data costs, 2.7x conversion versus control). Despite a confident management tone and a bullish score of 82, the stock experienced a -2.6% abnormal move on the report and has drifted -15.8% subsequently on 2.4x baseline volume, suggesting the market is weighing decelerating revenue growth (down from 18% in FY2025) and competitive risks against the raised outlook. The analyst…