Investing.com -- The Trade Desk Inc. reported second-quarter earnings per share of $0.34, beating analyst estimates of $0.18. Revenue stood at $715 million, significantly below the consensus estimate of $752.61 million.

The company provided third-quarter revenue guidance of $650 million, far missing the consensus estimate of $804 million.

Shares fell more than 21.5% following the announcement.

"This quarter did not meet the standard we set for ourselves, but it has reinforced our belief that we are focused on the right opportunities for the future," said Jeff Green, Co-Founder and CEO of The Trade Desk. "Marketers are navigating a complex environment, but complexity increases the value of decisioning, measurement and AI. We have a clear understanding of the factors that impacted our performance, and we are taking decisive action to strengthen our execution, upgrade our platform, and sharpen our focus on the areas where we can create the greatest value."

Customer retention remained above 95% during the second quarter, maintaining a level the company has sustained for over a decade.

The Trade Desk announced several partnerships during the quarter. Dentsu selected the company as the first DSP partner for its retail data offering from New Stream Media. The company also integrated with travel and hospitality platforms including Booking.com, Agoda, Kayak, Priceline, Marriott, Uber and United Airlines.

The company appointed Nate Olmstead as Chief Financial Officer, Sarah Gavin as Chief Marketing Officer and EVP, Kristi Argyilan as Chief Commercial Officer and EVP, Ron Lamprecht as Chief Business Development Officer and SVP, and Vinny Rinaldi as Vice President of Client Strategy & Growth. Penry Price and David Haddad joined the board of directors.

The Trade Desk used approximately $78 million to repurchase Class A common stock during the second quarter. As of June 30, 2026, the company had $269 million available for repurchases.