Advertising software maker The Trade Desk (NASDAQ:TTD) will be reporting earnings this Thursday afternoon. Here’s what you need to know.
The Trade Desk beat analysts’ revenue expectations by 7% last quarter, reporting revenues of $616 million, up 25.4% year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ EBITDA estimates and a solid beat of analysts’ billings estimates.
Is The Trade Desk a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting The Trade Desk’s revenue to grow 17.3% year on year to $685.9 million, slowing from the 25.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.41 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. The Trade Desk has missed Wall Street’s revenue estimates twice over the last two years.
Looking at The Trade Desk’s peers in the sales and marketing software segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Zeta delivered year-on-year revenue growth of 35.4%, beating analysts’ expectations by 3.9%, and DoubleVerify reported revenues up 21.3%, topping estimates by 4.5%.
Read our full analysis of Zeta’s results here and DoubleVerify’s results here.
Debates around the economy’s health and the impact of potential tariffs and corporate tax cuts have caused much uncertainty 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 3.4% on average over the last month. The Trade Desk is up 19.2% during the same time and is heading into earnings with an average analyst price target of $90.58 (compared to the current share price of $87.70).
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