The Trade Desk misses second quarter 2026 estimates with revenue growth slowing to 3%

The Trade Desk reported second quarter 2026 results that fell short of analyst expectations on both the top and bottom lines. Revenue grew just 3% year-over-year, a sharp deceleration from the 19% growth recorded in the same period last year, as the company grappled with a complex marketing environment and slower-than-expected budget shifts.

Key Highlights

• Revenue of $715 million missed the $751.6 million consensus estimate, representing a significant slowdown in growth momentum.
• Non-GAAP EPS reached $0.34, trailing the anticipated $0.40 as adjusted EBITDA margins contracted from 39% to 34%.
• The company provided cautious third quarter 2026 guidance, forecasting revenue of at least $650 million and Adjusted EBITDA of approximately $160 million, signaling further sequential pressure.