Earnings Releases·Nov 9, 2026, 4:09 PM ET

The Trade Desk — Third Quarter 2026 Earnings Summary

Revenue for the quarter ended September 30, 2026, was $736 million, a 0.5% decrease year-over-year, while nine-month revenue rose 4% to $2,140 million; GAAP net income and Non-GAAP net income declined significantly for both periods compared to 2025.
The company provided Q4 2026 guidance of at least $755 million in revenue and $280 million in Adjusted EBITDA, excluding outlook for GAAP net income due to stock-based compensation variability.
The Board approved an additional $731 million share repurchase authorization, bringing total available funds to $1 billion, though net cash used in financing activities for the nine months was $253 million, down from $985 million in the prior year.
Strategic initiatives include the launch of Kokai Zuma with agentic AI capabilities, expanded integrations with Netflix, Gracenote, and healthcare partners, and a customer retention rate exceeding 95%.
CEO Jeff Green noted that while Q3 results exceeded expectations, the company is operating below its own growth targets and is accelerating efforts to strengthen customer engagement and platform innovation.