The Trade Desk shares drop after weak Q2 earnings

Shares of The Trade Desk Inc. plummeted on Thursday, August 6, 2026, following the release of disappointing second-quarter financial results and a weak forecast that rattled investor confidence in the digital advertising company. The stock closed regular trading at $17.67, down 6.8%, and then plunged an additional 22% in after-hours trading.

The sharp decline was triggered by the company's earnings report, which showed a significant slowdown in growth. The Trade Desk reported quarterly revenue of $715 million, a 3% year-over-year increase that fell well short of analyst expectations near $753 million. While the company's adjusted earnings of $0.34 per share exceeded some estimates, profitability weakened. Adjusted EBITDA declined to approximately $241 million, down from $271 million a year earlier, and net income fell to $64 million from $90 million.

The outlook provided by management deepened the selloff. The company issued third-quarter revenue guidance of approximately $650 million, which was significantly below Wall Street forecasts and, if realized, would represent a year-over-year decline. Adjusted EBITDA guidance of about $160 million also pointed to continued pressure on...