TTD · APEX Tech Acquisition Inc.

The Trade Desk delivered Q1 2026 results with revenue of $689 million, reflecting 12% year-over-year growth amid acknowledged macro headwinds, as highlighted by CEO Jeff Green. This growth was driven by strategic upgrades across the company, maintaining strong customer retention above 95% for over a decade. GAAP net income declined to $40 million (6% margin) from $51 million (8% margin) last year, primarily due to higher operating expenses rising to $622 million from $562 million, with increases across platform operations, sales and marketing, and technology. Non-GAAP metrics showed resilience with Adjusted EBITDA at $206 million (30% margin), nearly flat from $208 million prior year. Key business highlights include launches like Koa Agents for AI-driven media capabilities, OpenTTD for integrated analytics, and OpenAds adoption by publishers such as BuzzFeed and The Guardian. Partnerships expanded with LinkedIn for B2B CTV activation, Pacvue/Skai integrations, and UID2 support via MetaRouter. CTV advancements feature Paramount's live programmatic buying and Xumo's OpenPath integration. The company repurchased $164 million in shares, leaving $327 million authorized. Q2 guidance signals acceleration with revenue at least $750 million (implying ~25%+ growth trajectory) and Adjusted EBITDA around $260 million, underscoring confidence in programmatic leadership and open internet focus despite challenges.