Trade Desk is trading 21.62% down at $14.05 after its August 6 earnings report missed revenue and adjusted EPS expectations.
- Q2 revenue rose 3% year over year to $715 million; Q3 guidance of at least $650 million fell substantially below Wall Street expectations.
- The outlook triggered multiple analyst downgrades and price-target cuts; management cited macro pressure in major advertising verticals and execution challenges.
- A broad executive overhaul accompanied company-specific weakness amid a software-sector rally.