The Trade Desk, Inc. Q3 2026 Earnings Recap

The Trade Desk shares rose 3.3% after Q3 revenue of approximately $736 million came in meaningfully ahead of the company’s August outlook. But revenue was approximately flat year over year, a growth level CEO Jeff Green said remains well below what the company expects of itself.

Key Takeaways

• Q3 revenue was approximately $736 million, meaningfully above the outlook provided in August.
• Revenue was approximately flat year over year; Green said the growth rate was below the company’s longer-term expectations.
• Management said it is refining operations, including product priorities, sales and account planning, accountability, and resource allocation.
• The company is prioritizing agentic AI, CTV, and measurement, and said AI is being used to improve operations, product development, and advertising tools for clients.
• Co-founder Dave Pickles has agreed to substantially expand his role as the company enters its next stage of product innovation.