We are updating our estimates following Q1 FY26. For Q3 FY26, we expect Connected TV revenue of $99m, Desktop revenue of $27m and Mobile revenue of $64m. We expect total revenue of $190m, Adjusted Ebitda…

We are updating our model to reflect Q1 results and the most recent guidance. Our estimates are: Q3 FY26: We expect revenue of $2,078m and Adjusted Ebitda of $1,725m. We expect GAAP diluted EPS of…

We are downgrading TTD shares to Neutral for obvious reasons. Net-net, it looks like navigating the next phase of growth amid a major shift in the advertising industry is proving more difficult than it appeared…

The Q2 results and the Q3 guide were probably surprising even to the most committed TTD bears. We speculate that the impact of the dispute with Publicis was greater than anticipated and will last longer…