🔴 Trade Desk is trading 4.28% down today after Q2 revenue missed expectations

Trade Desk is trading at $13.54 (-4.28%) after weak Q2 results and guidance.

• Q2 revenue was $715 million, missing expectations; growth slowed to 3% year over year.
• Management’s $650 million minimum Q3 revenue guidance implied roughly a 12% year-over-year decline, sustaining concerns about slowing demand and execution.
• Recent downgrades from HSBC and DA Davidson added pressure.