🔴 Trade Desk is trading 27.22% down in pre-market after Q2 revenue miss and weak Q3 outlook

Trade Desk is trading 27.22% down in pre-market at $12.86 after August 6 earnings showed revenue and Q3 guidance below expectations.

• Revenue was $715 million, up 3% year over year, versus approximately $752 million consensus; adjusted EPS was $0.34 versus $0.40 expected.
• Q3 revenue outlook of at least $650 million was below expectations near $804 million, signaling a possible sequential decline and sharply weaker growth outlook.