Earnings call transcript: The Trade Desk beats Q3 2026 estimates as stock jumps

The Trade Desk reported strong third-quarter 2026 earnings of $0.33 per share on revenue of $736 million, surpassing market expectations of $0.25 per share and $650.89 million in sales. Despite a 0.5% year-over-year revenue decline, management deemed the results better than expected, driven by robust performance in connected TV and audio channels.

The company unveiled new products, including Zuma, an open measurement framework, and Audience Unlimited, while announcing a workforce reduction expected to generate over $100 million in savings in 2027. The stock surged 15.47% in regular trading and an additional 2.15% after hours, trading at $15.25, reflecting a 17.9% increase from the previous close.

Management highlighted the company's strategic focus on efficiency, measurement, and data, aiming to reinvest in product development and customer relationships. The Trade Desk's Q4 guidance anticipates at least $755 million in revenue and $280 million in adjusted EBITDA.