News about The Trade Desk

The Trade Desk (TTD) held about $1.49 billion in cash, cash equivalents and short-term investments as of June 30, 2026, plus roughly $745 million available under its revolving credit facility. In the second quarter it generated $154 million in operating cash flow and $136 million in free cash flow, and operating cash flow for the first six months reached $545.4 million versus $456.4 million a year earlier. The company continues to invest in its Kokai platform, including the Kokai Zuma release with agentic AI features, and in healthcare integrations with Veeva Crossix and IQVIA Digital. Revenue, however, rose only 3% year over year to $715.1 million in the second quarter, pressured by CPG and automotive, which together generate about 25% of its business. Third-quarter guidance of at least $650 million assumes no meaningful improvement in the macro backdrop.