2026년 2월 26일 · Unknown · financial · 출처 Yahoo Finance
This article first appeared on GuruFocus.
The Trade Desk (NASDAQ:TTD) shares fell 16.73% to $20.90 in pre-market trading following its fourth quarter 2025 earnings release. Revenue came in at $847 million, up 14% from a year earlier and slightly above the $842 million analysts had expected. Adjusted earnings per share were $0.59.
However, investors gave more weight to the outlook. The company expects at least $678 million in first-quarter 2026 revenue, which implies growth of roughly 10% year over year.
The cautious outlook reflects what CEO Jeff Green acknowledged as softer advertising demand from automotive and consumer packaged goods brands. He pointed to ongoing macroeconomic pressure and increasing competition from closed ecosystems such as Amazon (NASDAQ:AMZN). At the same time, management emphasized that nearly all clients have migrated to Kokai, its AI-focused platform, with retention remaining above 95%.
The board approved an additional $350 million share repurchase authorization, bringing the remaining total to $500 million. Even so, the stock has declined more than 70% over the past twelve months, amid slowing growth and leadership changes, including the recent departure of executive Alex Kayyal after roughly five months in the role.
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