| TTD |
Report |
Revenue |
BEAT |
pred ~$760M vs. cons $752M |
MEDIUM |
| TTD |
Report |
Adj. EBITDA |
BEAT |
pred ~$268M vs. cons $262M |
MEDIUM |
| TTD |
Report |
Non-GAAP EPS |
IN-LINE |
pred ~$0.38 vs. cons ~$0.37 |
LOW |
| TTD |
Guide |
Q3'26 revenue guide |
LOWER |
guide ~$795M vs. cons ~$805M (Q3 2026) |
MEDIUM |
| TTD |
Guide |
Q3'26 adj. EBITDA guide |
UNCHANGED |
guide ~$298M vs. cons ~$300M (Q3 2026) |
LOW |
| TTD |
Guide |
FY26 adj. EBITDA margin (reaffirm) |
UNCHANGED |
guide ~40% vs. cons ~40% (FY2026) |
MEDIUM |
| TTD |
Return |
Day-1 residual (stock − beta × S&P 500) |
-4.0% |
— |
LOW |
| TTD |
Return |
5-day cumulative residual |
-7.0% (FOLLOW-THROUGH) |
A modest headline beat (rev ~$760M/EBITDA ~$268M) is unlikely to offset the core debate: Q3 guide of ~$795M implies growth decelerating toward ~7-8% (from Q1 +12%, Q2 ~+9%). The implicit out-period cut forces analysts to trim H2/FY27 revenue and question the 'at least 40%' margin bridge after a soft H1 (Q1 30% margin), so estimate revisions drift lower and extend the initial negative reaction. Lack of a permanent CFO and unresolved Amazon/agency-share overhangs add to the downward bias. Low-bar/bearish positioning caps but does not reverse the drift; TTD remains a high-volatility, idiosyncratic mover. |
LOW |