Trade Desk shares jump 12% ahead of Q3 earnings after 74% yearly slide
The gist
Ad platform The Trade Desk's stock rose 12.3% to about $14.52 on Nov 9 before its Q3 report.
Analysts expect revenue down about 12% as the company cuts 15% of staff.
How it unfolded
- Aug 6, 2026The Trade Desk's Q2 2026 report missed expectations on revenue and earnings, and the company announced a leadership overhaul including new CFO, CMO and chief commercial officer.
- Aug 7, 2026Rosenblatt Securities cut its price objective to $12.00 from $24.00 with a neutral rating; Truist Financial set a $16.00 target with a hold rating.
- Sep 2026The company said it would cut about 15% of its workforce, with restructuring charges of $39 million to $51 million expected in the third quarter.
Key terms
- EPS
- The monetary value of earnings per outstanding share of common stock for a company over a defined period.
Source: Wikipedia