Trade Desk Appoints Alex Kayyal as CFO, Reports Q2 Revenue of $694M

Trade Desk has named Alex Kayyal as its new CFO. The company reported Q2 revenue of $694M, beating FactSet's estimate of $685.5M. Adjusted EPS was $0.41 per share. Several analysts have raised their price targets for the company, including BTIG, RBC, Jefferies, Oppenheimer, Stifel Nicolaus, and UBS.

The Trade Desk, Inc. (NASDAQ: TTD) has announced its financial results for the second quarter of 2025, reporting a strong performance that exceeded market expectations. The company's revenue for the quarter reached $694 million, a 19% year-over-year increase, surpassing FactSet's estimate of $685.5 million. This robust growth was driven by continued innovation across the company's platform, including advancements in AI and data integration, as well as expansions in CTV, retail media, and the supply chain.

The Trade Desk's Chief Executive Officer, Jeff Green, commented on the quarter's performance, stating, "Q2 was a strong quarter for The Trade Desk, with revenue growing to $694 million, up 19% year-over-year, as we continue to outpace the digital advertising market." The company's net income for the quarter was $90 million, while adjusted earnings per share (EPS) came in at $0.41, beating the consensus estimate of $0.39.

The company also announced the appointment of Alex Kayyal as its new Chief Financial Officer (CFO). Kayyal brings over two decades of experience in technology and finance, having served as a partner at Lightspeed Venture Partners and previously holding senior positions at Salesforce. His appointment reflects The Trade Desk's commitment to strengthening its leadership team and furthering its strategic goals.

Several analysts have responded positively to The Trade Desk's Q2 results, raising their price targets for the company. Analysts from BTIG, RBC, Jefferies, Oppenheimer, Stifel Nicolaus, and UBS have all increased their targets, reflecting the market's confidence in the company's growth prospects.

The Trade Desk's financial guidance for the third quarter of 2025 expects revenue of at least $717 million and adjusted EBITDA of approximately $277 million. The company has not provided an outlook for GAAP net income due to the variability and complexity of stock-based compensation expenses.

The Trade Desk's webcast and conference call to discuss these results will take place on August 7, 2025, at 2:00 P.M. Pacific Time. Investors can access the webcast and call details through the company's Investor Relations website.

References:
[1] https://www.businesswire.com/news/home/20250807408955/en/The-Trade-Desk-Reports-Second-Quarter-2025-Financial-Results