NASDAQ:TTD 23 November 2025 - 31 May 2026

The Trade Desk stock fell as low as $19.72 after the company forecast at least $750 million in Q2 revenue, below analyst expectations of $771 million. First-quarter revenue rose 12% to $689 million, but net income dropped to $40 million. Multiple analysts downgraded the stock, citing slower growth and competitive pressure. Trading volume topped 41 million shares.

The Trade Desk shares dropped over 12% in U.S. premarket trading Friday after first-quarter profit missed estimates and second-quarter revenue guidance fell short of analyst expectations. Revenue rose 12% to $688.9 million, but net income declined to $40 million from $50.7 million a year earlier. Analysts cited competition and weaker ad spending. The company forecast at least $750 million in Q2 revenue, below Wall Street’s $771 million estimate.

The Trade Desk shares dropped 16% in after-hours trading after the company forecast second-quarter revenue below analyst expectations, despite beating first-quarter sales estimates. Revenue rose 12% to $688.9 million, but adjusted earnings per share missed forecasts at 28 cents. The stock traded near $19.66, down from a $23.49 close. The company’s outlook implies slower growth and follows recent analyst target cuts.

The Trade Desk shares fell 5.5% to $23.78 in midday trading Thursday, then dropped nearly 17% after hours following a cautious Q1 revenue forecast of at least $678 million. New Street Research downgraded the stock to sell and cut its price target to $17. The company reported Q4 revenue of $847 million and added $350 million to its buyback authorization.

The Trade Desk shares traded near $40 on December 6, 2025, down roughly 60–70% from late 2024 highs and near 2020 levels. Market value stands at about $19 billion. The company reported trailing 12-month revenue of $2.8 billion, up 21% year over year, and net income of $439 million. Shares plunged 32% in February 2025 after a rare earnings miss.