TTD Stock Crashes 26% On Q2 Miss, Weak Guidance
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- Trade Desk (TTD) reported Q2 adjusted EPS of $0.34 versus the $0.40 consensus and revenue of $715.06 million versus the $751.35 million estimate, missing on both top and bottom lines.
- Trade Desk's Q3 guidance called for revenue of at least $650 million and adjusted EBITDA of roughly $160 million — far below analyst estimates of $805 million and $340 million, respectively.
- TTD stock plunged more than 26% in after-hours trading after already falling 6.8% during the regular session, extending its year-to-date loss to nearly 54%.
- CEO Jeff Green acknowledged the quarter fell short, saying the company remains "focused on the right opportunities" in AI, measurement, and decision-making tools.
- Customer retention held above 95% during the quarter — a level one bullish Stocktwits trader flagged as rare "stickiness" in ad tech.
- Stocktwits retail sentiment for TTD rose to "extremely bullish" even as message volume spiked to "extremely high," with traders split over whether weak guidance or decelerating growth was the bigger red flag.
Why it matters: The Q3 guidance shortfall is the real damage here — revenue guidance landed roughly 19% below consensus ($650M vs $805M) and EBITDA ~53% below ($160M vs $340M) — signaling Trade Desk itself expects materially weaker programmatic ad spending ahead, which matters because the company is a widely watched bellwether for digital ad demand.
