Citable filing context
TTD's research view summarizes recent SEC filing context, starting with earnings from Aug 6, 2026.
| Filed | Item | Context |
|---|---|---|
| Aug 6, 2026 | earnings | The Trade Desk reported Q2 2026 revenue of $715 million and GAAP net income of $64 million. |
| Jul 13, 2026 | management_change | The Trade Desk appointed Penry Price to its board of directors, effective July 9, 2026. |
| Jun 9, 2026 | management_change | The Trade Desk appointed David Haddad to its board of directors and audit committee, effective June 11, 2026. |
| Aug 6, 2026 | Guidance: adjusted_ebitda | 160.00 to 160.00 |
| Aug 6, 2026 | Guidance: revenue | 650.00 to not reported |
| May 7, 2026 | Guidance: adjusted_ebitda | 260.00 to 260.00 |
| Aug 6, 2026 | mda_quarterly | The Trade Desk reported revenue of $715.1 million for the second quarter of 2026, a 3% increase year-over-year, driven by higher gross spend from new clients and increased utilization of value-added services. Net income declined to $64.4 million from $90.1 million in the prior-year period, impacted by rising operating expenses. Platform operations costs rose 22% due to increased hosting requirements for AI-driven ad queries and a shift in accounting for supplier-provided components, which are now recognized as expenses rather than revenue reductions. The company maintains a strong liquidity position with $1.1 billion in cash and short-term investments and a newly expanded $750 million revolving credit facility maturing in 2031. Management continues to prioritize investments in AI, omnichannel inventory—specifically Connected TV (CTV)—and international expansion in markets like the U.K., Japan, and India. A share repurchase program remains active, with $269 million remaining under authorization as of June 30, 2026. The company faces ongoing legal risks, including consolidated securities class actions and data privacy litigation, though management maintains these claims are meritless. A notable accounting change in the second quarter extended the useful life of data center equipment from three to four years, providing a modest boost to net income. |
| May 7, 2026 | mda_quarterly | Revenue for the first quarter of 2026 increased 12% to $688.9 million, driven by higher gross spend and increased utilization of value-added services, including the Kokai platform. Despite this growth, net income declined 21% to $40 million, while Adjusted EBITDA remained relatively flat at $206.1 million. Operating expenses rose, particularly in platform operations, which increased 27% due to investments in new data centers and AI/ML capabilities. The company is prioritizing omnichannel expansion in CTV, mobile, and audio, alongside the adoption of retail and first-party data. Strategic growth targets include international expansion into the U.K., Germany, France, China, Japan, India, and Australia. Key risks include macroeconomic volatility and inelastic pricing for hosting infrastructure components. TTD maintains a strong liquidity position with $2.0 billion in working capital and recently established a $750 million revolving credit facility maturing in 2031. Capital allocation continues to focus on offsetting dilution through share repurchases, with $174 million spent in the quarter and $327 million remaining in the authorized program. Management expects continued increases in sales, marketing, and technology expenses to support AI integration and global scaling. |
Source: SEC EDGAR filing text and events; period Aug 6, 2026; filed Aug 6, 2026.
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