Digital advertising platform The Trade Desk (NASDAQ:TTD) will be announcing earnings results this Thursday after the bell. Here’s what to expect.
The Trade Desk beat analysts’ revenue expectations by 1.2% last quarter, reporting revenues of $694 million, up 18.7% year on year. It was a mixed quarter for the company, with a solid beat of analysts’ EBITDA estimates but a miss of analysts’ billings estimates.
Is The Trade Desk a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting The Trade Desk’s revenue to grow 14.5% year on year to $719.4 million, slowing from the 27.3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.44 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. The Trade Desk has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 2% on average.
Looking at The Trade Desk’s peers in the sales and marketing software segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Integral Ad Science delivered year-on-year revenue growth of 15.6%, beating analysts’ expectations by 3.4%, and Zeta Global reported revenues up 25.7%, topping estimates by 2.7%.
Read our full analysis of Integral Ad Science’s results here and Zeta Global’s results here.
The euphoria surrounding Trump’s November win lit a fire under major indices, but potential tariffs have caused the market to do a 180 in 2025. While some of the sales and marketing software stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 4.2% on average over the last month. The Trade Desk is down 11.9% during the same time and is heading into earnings with an average analyst price target of $69.53 (compared to the current share price of $46.83).
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