Trade Desk Q3 2026 Earnings Call Transcript - Trade Desk (NASDAQ:TTD)

Trade Desk (NASDAQ: TTD) reported Q3 2026 revenue of $736 million, beating expectations but staying flat year over year. Adjusted EBITDA was $266 million, implying a 36% margin. In its earnings call transcript, management said it’s leaning into AI-driven product improvements, and it expanded Joint Business Plans (JBPs) by more than 30% year over year. Co-founder Dave Pickles is also returning to a larger product-innovation role. For Q4, the company expects revenue of at least $755 million and adjusted EBITDA of at least $280 million. It also expects slower expense growth in 2027.