Trade Desk reports slower quarterly revenue growth, shares plummet (updated)
07/08/2025 21:22
Corrects paragraph 2 to say 2024 revenue growth was 26%, not 25% Aug 7 (Reuters) - Trade Desk TTD.O on Thursday reported a slowdown in revenue growth in the second quarter on Thursday, hurt by softer demand for its digital advertising services in the connected TV market, sending it shares plummeting over 28%. In the second quarter, Trade Desk saw revenue growth of 19%, compared with a 26% growth in the same period last year. Trade Desk also appointed Alex Kayyal as its chief financial officer effective August 21, succeeding Laura Schenkein. (Reporting by Juby Babu in Mexico City; Editing by Tasim Zahid) ((Juby.Babu@thomsonreuters.com;))