The Trade Desk Appoints Alex Kayyal as CFO, Revenue Up 27%

Trade Desk has appointed Alex Kayyal as CFO and reported Q2 revenue of $694M, beating FactSet's estimate of $685.5M. However, the company's shares plummeted after CEO warned of tariff impact on large brand advertisers. Analysts have adjusted price targets on Trade Desk, with Cantor Fitzgerald lowering its target to $58 from $71 and BMO Capital adjusting its target to $98 from $115.

The Trade Desk (NASDAQ:TTD), a leading demand-side platform for digital advertising, has appointed Alex Kayyal as its new Chief Financial Officer (CFO) and reported its Q2 2025 revenue. The company reported a revenue of $694 million, beating FactSet's estimate of $685.5 million. However, the company's shares plummeted after CEO Jeff Green warned of potential tariff impacts on large brand advertisers.

Alex Kayyal, who currently serves on The Trade Desk's board of directors, will assume the CFO role effective August 21, replacing Laura Schenkein, who has held the position for over a decade. Kayyal brings extensive experience as an investor and operator in the technology sector, having previously held executive roles at Salesforce and Lightspeed Venture Partners. He will report directly to CEO and Co-Founder Jeff Green and oversee the company's long-term financial and investment strategy.

Despite the positive revenue figures, The Trade Desk's stock experienced significant volatility. The stock surged by 12.64% in after-hours trading following the Q1 2025 earnings announcement but subsequently plummeted by 28.91% in premarket trading on August 8, 2025, reaching $62.79. The stock's 52-week range of $42.96 to $141.53 reflects this volatility.

Analysts have adjusted their price targets on The Trade Desk following the Q2 2025 earnings report. Cantor Fitzgerald lowered its target to $58 from $71, while BMO Capital adjusted its target to $98 from $115. Despite these adjustments, analysts remain optimistic about the company's performance and market positioning.

The Trade Desk continues to position itself as an investment in the open internet, emphasizing its independence, technological advantages, and strategic focus on high-growth areas like Connected TV and shopper marketing. The company's strong financial performance and strategic initiatives, such as the Unified ID 2.0 initiative, provide a solid foundation for future growth.

References:
[1] https://www.investing.com/news/company-news/the-trade-desk-q2-2025-slides-19-revenue-growth-amid-digital-ad-transformation-93CH-4179303
[2] https://au.investing.com/news/company-news/the-trade-desk-names-alex-kayyal-as-new-cfo-as-laura-schenkein-steps-down-93CH-3966655