Trade Desk shares drop nearly 30% after Q2 revenue and profit miss estimates, with weak Q3 forecast.

Trade Desk's shares fell almost 30% in premarket trading after the company reported second-quarter revenue of $715 million, missing the $751 million analyst estimate, and adjusted earnings per share of $0.34, below the expected $0.40. The company also issued a third-quarter revenue forecast of at least $650 million, significantly below the $805 million expected, and EBITDA guidance of about $160 million versus $341 million estimated. CEO Jeff Green acknowledged the quarter did not meet company standards, while analysts expressed concerns over declining margins and questioned the returns on recent investments. Customer retention remained strong above 95%, but the outlook suggests ongoing challenges for Trade Desk's profitability and growth.