Trade Desk

TTD

Market cap $11.5B

Four high-profile tech stocks have shed between 23% and 37% of their value so far in 2026, even as the Nasdaq 100 sits nearly flat on the year.

The Trade Desk's shares have fallen over 70% from all-time highs, driven by multiple compression and decelerating growth. While much of this is likely due to macro headwinds, competition is increasing, and management turnover has added to uncertainty. The Trade Desk's margins are high, though, and continue to improve, and the company is still likely to generate solid growth for many years to come.

The Trade Desk's revenue growth has slowed significantly over the year. Amazon appears to have eaten into its market share.

On Feb. 26, 2026, investors weighed slowing ad-tech growth against record revenue and renewed doubts about the independent platform model.

The Trade Desk, Inc. TTD stock plummeted 15% in after-hours trading on Wednesday, even after reporting strong fourth-quarter and full-year 2025 results. Investors focused on its weaker first-quarter guidance, leading to the sharp selloff and extending the stock's rough stretch over the past year.

Trade Desk Inc (NASDAQ:TTD) reported stronger-than-expected fourth-quarter results but cautioned that first-quarter revenue and profitability could fall short of Wall Street forecasts, sending shares down 5.7% in early Thursday trading. Q4 revenue rose 14% to $847 million, slightly above analysts' consensus of $841 million.

The Trade Desk beat on top and bottom lines last night. GAAP earnings growth, however, was weak, and guidance suggests sales growth is still slowing.

The Trade Desk TTD delivered strong fourth-quarter 2025 results, wherein revenues rose 14% year over year to $847 million, or 19% excluding political spend. While video, which includes CTV, remains the largest share of its business (50% share in the fourth quarter), audio is emerging as a key driver.

Trade Desk stock falls after reporting discouraging sales growth forecasts.

Trade Desk Inc. (NASDAQ: TTD) posted better-than-expected fourth-quarter earnings but issued disappointing first-quarter guidance on Wednesday.