Strong Earnings Report Fails to Prevent The Trade Desk Share Slide

Investors delivered a harsh verdict on The Trade Desk’s latest financial results, sending shares sharply lower despite the company exceeding revenue and profit expectations. The market’s paradoxical response highlights deeper concerns about the advertising technology firm’s spending trajectory that overshadowed otherwise positive performance metrics.

The November 6, 2025 earnings release presented a financial picture with conflicting signals. The Trade Desk posted revenue of $739.4 million, representing 17.7% year-over-year growth and surpassing analyst projections. Adjusted earnings per share reached $0.45, also beating market expectations. However, these achievements were immediately undermined by capital expenditure figures that startled investors.

Spending on capital projects accelerated dramatically to $70 million in the quarter alone. This compares Read more...