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The Trade Desk Reports Third Quarter 2026 Financial Results

TTD
  • The Trade Desk reported Q3 2026 revenue of $736 million, a 0.5% decrease year-over-year, with nine-month revenue reaching $2.14 billion.
  • GAAP net income for the quarter was $38 million with a 5% margin, compared to $116 million and a 16% margin in the prior year period.
  • Non-GAAP Adjusted EBITDA for the quarter was $266 million, reflecting a 36% margin, down from $317 million and a 43% margin in the same period last year.
  • The company announced a $731 million increase to its share repurchase authorization, bringing the total available amount to $1 billion.
  • CEO Jeff Green highlighted progress in agentic AI innovations, specifically Kokai Zuma, while noting the company is still working to reach expected growth levels.
  • Customer retention remained above 95% for the quarter, consistent with the company's decade-long performance.
  • New partnerships and integrations included Netflix expanding data targeting on Kokai, Gracenote adding show-level CTV targeting, and Kijiji making first-party intent data available for programmatic activation.
  • Healthcare-specific enhancements involved expanded integrations with Veeva Crossix and IQVIA Digital, along with OptimizeRx bringing authenticated HCP reach via OpenPath.
  • The fourth quarter 2026 revenue guidance is set at least $755 million, with adjusted EBITDA guidance of at least $280 million.
  • The company did not provide GAAP net income guidance due to the unpredictability of stock-based compensation expenses and their impact on GAAP results.
  • The Trade Desk received recognition on Newsweek's America's Greatest Companies 2026 list and Business Insider's America's Most Innovative Businesses 2027 list.