🔴 Trade Desk is trading 24.96% down in after-hours trading after Q2 miss and weak Q3 guidance

Trade Desk is trading at $13.26 (-24.96%) after slowing growth and a weak Q3 outlook.

• Q2 revenue was $715.1 million versus approximately $752 million expected; adjusted EPS also missed estimates, according to post-market results.
• Q3 revenue guidance of at least $650 million was substantially below consensus near $805 million, implying a potential year-over-year sales decline.
• The sharp after-hours reaction is directly tied to the earnings miss and weak outlook.