TTD Q3 Earnings Call Focuses on Resetting Growth and Execution

The Trade Desk reported Q3 2026 revenues of $736 million, down 0.5% year-over-year but beating consensus estimates. Despite the beat, management emphasized the turnaround remains incomplete. The company projects cautious Q4 guidance of at least $755 million in revenue with no expected seasonal uplift. TTD is implementing a 15% workforce reduction generating $44M in restructuring charges, targeting over $100M in gross savings for 2027 while investing in AI, measurement, and customer relationships. International growth remains strong, but large global advertisers face continued pressure.