The Trade Desk shares (NASDAQ: TTD) fell roughly 8% during Monday’s trading session as investors digested a leadership change disclosed alongside the company’s reaffirmed fourth-quarter financial outlook.
Specifically, the company announced that Tahnil Davis has been appointed Interim Chief Financial Officer (CFO). Davis, who has spent nearly 11 years at The Trade Desk, most recently served as Chief Accounting Officer. She succeeds Alex Kayyal and will report directly to the CEO and co-founder, Jeff Green.
The leadership transition comes just as the company prepares to release its year-end earnings. Consequently, the timing weighed on investor sentiment, even though the company maintained its existing financial guidance.
Financial Guidance Reaffirmed
Alongside the executive update, The Trade Desk reiterated its fourth-quarter 2025 guidance, originally issued on November 6. The company continues to expect quarterly revenue of at least $840 million, with adjusted EBITDA projected at approximately $375 million.
Wall Street expectations remain closely aligned with management’s outlook. Indeed, analysts are projecting earnings of $0.58 per share on revenue of approximately $840.13 million. Thus, the forecast suggests the company is largely on track with its previously communicated targets.
Earnings Preparation and Disclosure Constraints
As the reporting date approaches, The Trade Desk said it is finalizing operating results for both the fourth quarter and the full fiscal year ending December 31, 2025. However, the company offered no GAAP net income outlook and declined to reconcile adjusted EBITDA with net income.
Management cited variability related to stock-based compensation, tax considerations, and other non-recurring items as the reason for the limited disclosure. They added that these factors make precise forecasting difficult at this stage.
The Trade Desk expects to report fourth-quarter and full-year results after the market closes on Wednesday, February 25. A webcast and conference call are scheduled for 5:00 p.m. ET the same day.
Stock Performance and Technical Picture
At the time of writing, The Trade Desk shares (NASDAQ: TTD) were trading at $33.63. From a technical standpoint, the stock remains under pressure, trading approximately 6.8% below its 20-day simple moving average and about 20.9% below its 100-day average.
On a longer-term basis, shares have declined more than 71% over the past 12 months and are trading closer to their 52-week low than their high, highlighting the extent of the stock’s prolonged downturn.
Stay informed on the Top Tech Stocks with our Tech Stocks updates
