The Trade Desk Reports Q3 2026 Revenue Decline Amid Vertical Spending Pressures
The Trade Desk (TTD) reported third-quarter revenue of $736 million, a slight decrease of 0.5% compared to the previous year. This decline was attributed to challenging comparisons and spending pressures in specific sectors, such as automotive, driven by inflation and interest rates. Despite the revenue dip, the company's Adjusted EBITDA reached $266 million with a 36% margin, exceeding management's prior outlook. The company is undergoing structural changes, including a 15% global headcount reduction expected to save over $100 million in 2027. Growth remains strong in international markets, particularly in APAC and EMEA, and within the Connected TV (CTV) segment. Looking ahead, management provided optimistic Q4 guidance with revenue expected to reach at least $755 million.
Tickers: $TTD
Topics: EBITDA guidance layoffs restructuring revenue
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