The Trade Desk Rebuilt Its C-Suite in Two Months. Its First Guidance Since Points to a 12% Revenue Decline.
Is a stock down more than 80% in a year cheap, or just cheaper?
Overview
The Trade Desk (NASDAQ: TTD) spent the early summer rebuilding its executive team. A new chief financial officer, Nate Olmstead, started July 9. A new chief marketing officer, Sarah Gavin, joined in mid-June. A new chief commercial officer, Kristi Argyilan, took over on July 27, and a new chief business development officer was announced in between.
Four senior hires in about two months.
Details
On Thursday afternoon, that team gave investors its first forecast. The advertising technology company expects third-quarter revenue of at least $650 million. It produced $739 million in the same quarter of 2025 -- a decline of about 12%.
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.