Valuation Update With 7 Day Price Move • Aug 13
Investor sentiment deteriorates as stock falls 27% After last week's 27% share price decline to US$13.39, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 12x in the Media industry globally. Simply Wall St's valuation model estimates the intrinsic value at US$19.52 per share. Buy Or Sell Opportunity • Aug 12
Now 30% undervalued after recent price drop Over the last 90 days, the stock has fallen 38% to US$13.39. The fair value is estimated to be US$19.17, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 37%. For the next 3 years, revenue is forecast to decline by 0.5% per annum. Earnings are also forecast to decline by 4.8% per annum over the same time period. New Risk • Aug 12
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 4.8% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.8% average weekly change). Earnings are forecast to decline by an average of 4.8% per year for the foreseeable future. Minor Risk Significant insider selling over the past 3 months (US$1.1m sold). Ankündigung • Aug 09
the Trade Desk, Inc. Provides Earnings Guidance for the Third Quarter 2026 The Trade Desk, Inc. provided earnings guidance for the third quarter 2026. For the quarter, the company reported revenue at least $650 million. Reported Earnings • Aug 07
Second quarter 2026 earnings released: EPS: US$0.14 (vs US$0.18 in 2Q 2025) Second quarter 2026 results: EPS: US$0.14 (down from US$0.18 in 2Q 2025). Revenue: US$715.1m (up 3.0% from 2Q 2025). Net income: US$64.4m (down 29% from 2Q 2025). Profit margin: 9.0% (down from 13% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Global Media industry. Ankündigung • Jul 23
The Trade Desk, Inc. to Report Q2, 2026 Results on Aug 06, 2026 The Trade Desk, Inc. announced that they will report Q2, 2026 results After-Market on Aug 06, 2026 Ankündigung • Jul 17
The Trade Desk Announces Appointment of Ron Lamprecht as Chief Business Development Officer and Senior Vice President, Effective July 27, 2026 The Trade Desk had announced the appointment of Ron Lamprecht as Chief Business Development Officer and Senior Vice President. In this newly created role, Lamprecht would build strategic partnerships that expand market opportunity, develop new commercial models and enterprise-wide global opportunities. He would report to Chief Operating Officer Vivek Kundra and be based in New York City. Lamprecht brought more than 25 years of experience driving growth and strategic partnerships across the technology and media industries. Most recently, he spent seven years as Director of Corporate Business Development at Amazon leading strategic initiatives and partnerships. Prior to Amazon, Lamprecht held a variety of leadership roles over an 18-year career at NBCUniversal, including Executive Vice President of Digital Enterprises. Lamprecht was scheduled to start on July 27, 2026. His hire followed the recent appointments of Nate Olmstead as Chief Financial Officer, Sarah Gavin as Chief Marketing Officer, Executive Vice President and Kristi Argyilan as Chief Commercial Officer, Executive Vice President, further strengthening The Trade Desk's executive leadership team as the company entered its next phase of growth. Ankündigung • Jul 16
the Trade Desk Announces Appointment of Kristi Argyilan as Chief Commercial Officer and Executive Vice President, Effective July 27, 2026 The Trade Desk had announced the appointment of Kristi Argyilan as Chief Commercial Officer and Executive Vice President. Argyilan would lead The Trade Desk’s data partnerships team, including identity, measurement, retail media, governance and more. She would report into founder and CEO, Jeff Green and be based in San Francisco. Argyilan joined The Trade Desk as one of the advertising industry's most respected leaders in retail media and commerce. Most recently, she served as Global Head of Advertising at Uber, where she led the company's global advertising business. Prior to Uber, she held senior leadership roles at Albertsons Media Collective, Roundel and IPG Mediabrands, helping shape the evolution of retail media and commerce marketing. She also serves on the board of LiveRamp. Widely recognized as one of the pioneers of the retail media industry, Argyilan has spent more than a decade driving innovation at the intersection of commerce, retail data and advertising. Her appointment reflected The Trade Desk's continued investment in helping brands, retailers and media owners unlock the full value of data-driven advertising across the open internet. Argyilan would start on July 27, 2026. Board Change • Jul 15
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Drew Vollero was the last independent director to join the board, commencing their role in 2026. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Ankündigung • Jul 13
The Trade Desk Announces Appointment of Penry Price to Board of Directors, Member of the Audit Committee, and Chair of the Compensation Committee, Effective July 9, 2026 The Trade Desk had appointed Penry Price to the Board as a Class II director, to serve on the audit committee of the Board (the “Audit Committee”) and to serve as a member and chair of the compensation committee of the Board (the “Compensation Committee”), in each case effective July 9, 2026. Mr. Price was appointed to a newly created vacancy on the Board resulting from an increase in the size of the Board from six (6) directors to seven (7) directors. Price brought more than two decades of experience across the advertising industry, including as the Vice President of Marketing Solutions at LinkedIn and as President at Dstillery. Prior to that, he was the Vice President of Agency Sales and Partners at Google, where, among other strategic initiatives, he was a key leader of the DoubleClick acquisition. He is currently applying that perspective as Co-Founder of 37Arc, a workflow intelligence company focused on how artificial intelligence is changing the speed and execution of marketing. Price built deep experience within the agency channel, working closely with agencies as they navigated the shift from traditional to digital media. He is the Founder and managing partner of Charcoal Advisors and has served on the board of directors of Church & Dwight since 2011, where he chairs the Compensation and Human Capital Committee and serves on its Executive and Audit Committees. Price holds a B.A. in History from Hobart College. Ankündigung • Jun 13
The Trade Desk Appoints Sarah Gavin as Chief Marketing Officer and Executive Vice President, Effective June 15, 2026 The Trade Desk announced the appointment of Sarah Gavin as Chief Marketing Officer and Executive Vice President. Gavin joined the company on June 15, 2026, based in their Bellevue office, and reported directly to CEO and Founder Jeff Green. Gavin led The Trade Desk's marketing organization, overseeing global brand, communications, customer marketing, and demand generation efforts. Most recently, Gavin served as Chief Communications Officer and Interim Chief Marketing Officer at Zendesk, where she helped lead the company's transformation into an AI-powered customer service leader. Previously, she led global narrative strategy for Google Cloud, helping position the business at the forefront of the generative AI era. Before that, she spent more than a decade at Expedia Group, serving as Chief Communications Officer and Senior Vice President of Global Communications and Corporate Brand, where she guided the company through significant growth and transformation. Gavin brought extensive experience across brand, product marketing, demand generation, customer marketing, and integrated communications, with a proven track record of helping technology companies navigate periods of rapid change. Anna Sayre, who served as Interim Chief Marketing Officer during the transition, returned to her role as Senior Vice President of Global Brand Marketing. Ankündigung • Jun 10
The Trade Desk, Inc. Appoints David Haddad to the Board as A Class III Director, Audit Committee, Effective June 11, 2026 On June 5, 2026, the board of directors (the “Board”) of The Trade Desk, Inc. (the “Company”) appointed David Haddad to the Board as a Class III director and to serve on the audit committee of the Board (the “Audit Committee”), each effective June 11, 2026. Mr. Haddad was appointed to a newly created vacancy on the Board resulting from an increase in the size of the Board from five (5) directors to six (6) directors. A veteran media and entertainment executive, Haddad brings more than three decades of leadership experience building and scaling global businesses across some of the world's most influential media companies. Haddad most recently spent more than a decade at Warner Bros. Entertainment, a division of Warner Bros. Discovery, where he held several leadership positions, most recently President of WB Games. Prior to Warner Bros., he served as Chief Operating Officer of Activision Blizzard and held senior leadership roles at Vivendi Games, Mattel and Disney, building a career spanning more than three decades across entertainment, consumer products and interactive content. Haddad holds a B.S. in Business Administration from Miami University and a M.B.A. from Harvard Business School. Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to US$19.43, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 11x in the Media industry globally. New Risk • Jun 04
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$5.8m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (15% average weekly change). Minor Risk Significant insider selling over the past 3 months (US$5.8m sold). Ankündigung • Jun 03
The Trade Desk, Inc. Announces Chief Financial Officer Changes The Trade Desk, Inc. announced the appointment of Nate Olmstead as Chief Financial Officer, effective July 9, 2026, to drive sustained accelerated growth and scale for the company. Olmstead will report to Jeff Green, The Trade Desk’s CEO and Co-Founder. Olmstead joins from Penguin Solutions, an artificial intelligence infrastructure and technology solutions company, where he was SVP and CFO. Prior to that, he served as CFO of Logitech International S.A, a multinational company. He also held a number of financial leadership roles during his 16 years at Hewlett Packard Company and Hewlett Packard Enterprise. Tahnil Davis, who served as interim CFO, will continue to serve as Chief Accounting Officer, the title she held before taking on the interim role. An 11-year veteran of the company, Davis will work closely with Olmstead on the transition and report into Olmstead. Ankündigung • Apr 24
The Trade Desk, Inc. to Report Q1, 2026 Results on May 07, 2026 The Trade Desk, Inc. announced that they will report Q1, 2026 results After-Market on May 07, 2026 Ankündigung • Apr 14
The Trade Desk, Inc., Annual General Meeting, May 04, 2026 The Trade Desk, Inc., Annual General Meeting, May 04, 2026. Ankündigung • Mar 26
The Trade Desk Appoints Drew Vollero to Board of Directors The Trade Desk announced the appointment of Drew Vollero to its board of directors. Vollero brings deep financial and operational expertise, with a proven track record of helping high-growth technology companies scale and navigate complex market dynamics. With more than three decades of experience across public and private markets, he brings a strong perspective on long-term value creation and disciplined growth. Vollero currently serves as Reddit’s first Chief Financial Officer (CFO), where he has built and scaled its financial infrastructure and guided the company through a successful IPO in March 2024. Prior to Reddit, Vollero was the CFO of Allied Universal, the largest U.S. security and facility services firm. In addition, he served as Snapchat’s first CFO, guiding its IPO and transition to a public company. During his tenure at Snap, Vollero led financial strategy and operational efficiency through periods of significant transformation and expansion. Vollero began his career in corporate finance and held various financial, operational, and business development roles at Mattel and Pepsi. He has a B.A. in mathematics and economics from Yale University, graduating magna cum laude, and an M.S. in management from Oxford University. Ankündigung • Mar 10
Trade Desk, Inc. Announces Resignation of Director Gokul Rajaram, Effective April 3, 2026 Trade Desk, Inc. announced that on March 3, 2026, Gokul Rajaram informed Trade Desk, Inc. of his decision to resign from the Company's board of directors, effective April 3, 2026. Mr. Rajaram served as a member of the Board since May 2018. Ankündigung • Feb 26
The Trade Desk, Inc. Provides Earnings Guidance for the First Quarter of 2026 The Trade Desk, Inc. provided earnings guidance for the first quarter of 2026. For the quarter, the company expects revenue at least $678 million. Ankündigung • Feb 25
The Trade Desk Introduces the Ventura Ecosystem to Advance the Future of CTV Advertising The Trade Desk's Ventura, the platform built for a fairer and more transparent streaming ecosystem, takes the next step in its vision to optimize programmatic advertising in connected TV (CTV) with the launch of the Ventura Ecosystem. The Ventura Ecosystem is an industry collaboration that brings global TV operating systems and streaming platforms together to create a more transparent and revenue-optimized marketplace, so the industry can continue to grow and thrive. Through the Ventura Ecosystem, participants can leverage Ventura's monetization toolset to help unlock more revenue opportunities and realize the full value of CTV advertising. V (previously VIDAA TV OS) powers more than 50 million connected devices worldwide, and Nexxen, a global unified advertising technology platform with deep expertise in data and advanced TV, are the first companies to join the Ventura Ecosystem. Integration with the Ventura Ecosystem is simple. The Ventura monetization engine can be activated with minimal effort to unlock revenue quickly, while participating operating systems maintain control of their brand, system, and user experience. Through collaboration and development of industry standards, the intent is for Ecosystem contributors to gain access to increased programmatic demand, better CPMs, and stronger fill rates through seamless access to The Trade Desk's ad tech solutions, including: OpenPath: Offers a simplified, direct connection between ad buyers and sellers; Unified ID 2.0/EUID: Identity solution that enables holistic targeting and measurement in a privacy-conscious way; OpenAds: Designed to increase fairness, transparency, and trust in the supply chain; OpenPass: A single sign-on solution that offers a more personalized user and advertising experience. More partners are expected to join the Ventura Ecosystem soon, further expanding its reach and impact. Ankündigung • Jan 07
The Trade Desk Announces First Wave of OpenAds Publishing Partners - Supporting a Healthier Digital Media Supply Chain The Trade Desk announced broad support from publishing partners for OpenAds, a new auction environment that enables a direct, high-integrity, and transparent option for publishers and sellers. Leading publishers AccuWeather, The Arena Group, BuzzFeed, the Guardian, Hearst Magazines, Hearst TV, Newsweek, People Inc., and Ziff Davis are among the first publishers to announce their support for OpenAds. As more advertisers fully embrace programmatic advertising, they are demanding digital advertising auctions that prioritize transparency, visibility, and signal. OpenAds is designed to deliver a high-integrity and transparent auction and, in doing so, incentivizes healthy supply chain dynamics across the advertising technology ecosystem. Ankündigung • Nov 08
The Trade Desk, Inc. Provides Earnings Guidance for the Fourth Quarter 2025 The Trade Desk, Inc. provided earnings guidance for the fourth quarter 2025. For the quarter, the company expects revenue at least $840 million. Ankündigung • Oct 30
The Trade Desk Announces Chief Revenue Officer Changes The Trade Desk announced the appointment of Anders Mortensen as Chief Revenue Officer (CRO), effective November 4, 2025. Mortensen will be responsible for driving revenue generation globally, and will report to Jeff Green, The Trade Desk’s CEO and Co-Founder. Mortensen brings a distinguished 25-year track record in global executive leadership and digital advertising, focused on leading and scaling high-performance commercial teams. Most recently, he served as Managing Director (and newly promoted VP) at Google, where he led one of the largest and fastest-growing advertising businesses globally, delivering significant double-digit growth and improved market share. In more than a decade at Google, Mortensen held a range of leadership roles, most notably leading the U.S. Agency and Channel Partner businesses and launching and scaling the Google Marketing Platform to the Americas Mid-Market. Prior to Google, Mortensen was General Manager at Fujitsu, where he led the most profitable consulting business and oversaw the launch of one of the company’s first cloud computing offerings. Jed Dederick will transition from the CRO role after more than 13 successful years at the company, during which he has served in a series of client and sales leadership positions. Dederick will remain with the company through the end of the year and will work closely with Mortensen to ensure a successful and seamless transition. Ankündigung • Oct 17
The Trade Desk, Inc. to Report Q3, 2025 Results on Nov 06, 2025 The Trade Desk, Inc. announced that they will report Q3, 2025 results After-Market on Nov 06, 2025 
