Trade Desk Inc (NASDAQ:TTD) late Thursday reported third quarter 2025 revenue that rose 18% year over year to $739 million, surpassing the Wall Street forecast of $719 million.
The company posted earnings per share for the period of $0.45, in line with the $0.44 consensus estimate, while Trade Desk’s Q4 revenue guidance of $840 million also matched analyst expectations.
In a note to clients on Friday, Wedbush analysts see the company’s revenue growth continuing for the “foreseeable future” but cautioned that “fierce” competition from Amazon’s Delivery Service Partner (DSP) has begun to erode Trade Desk’s future growth potential.
That said, they believe Trade Desk will continue to trade at a premium to most of its peers, given the company’s large and still-expanding client base and strong positioning against traditional media advertisers.
Wedbush analysts have a ‘Neutral’ rating and $50 per share price target on the stock.
Trade Desk shares fell 8% to $42.16 in late-morning trading on Friday.