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Sentiment · FY2026 Q1
| Analyst | Firm | Questions | ChallengePercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|---|
| Vasily Karasyov | Cannonball Research | 6 | 17% |
| Shyam Patil | Susquehanna | 6 | 0% |
| Justin Patterson | KeyBanc Capital Markets | 6 | 0% |
| Youssef Squali | Truist Securities | 5 | 0% |
| Matt Swanson | RBC Capital Markets | 4 | 0% |
| Jessica Ehrlich | Bank of America | 4 | 0% |
| Jason Helfstein | Oppenheimer | 4 | 25% |
| Mark Mahaney | Evercore ISI | 3 | 0% |
| Tim Nollen | SSR | 2 | 0% |
| Firm | Analysts | Questions | ChallengePercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|---|
| Cannonball Research | 1 | 6 | 17% |
| Susquehanna | 1 | 6 | 0% |
| KeyBanc Capital Markets | 1 | 6 | 0% |
| Truist Securities |
| 1 |
| 5 |
| 0% |
| Oppenheimer | 1 | 4 | 25% |
| Bank of America | 1 | 4 | 0% |
| RBC Capital Markets | 1 | 4 | 0% |
| Evercore ISI | 1 | 3 | 0% |
The Trade Desk grew revenue 12% year-over-year to $689M with continued CPG and auto vertical pressure, while adjusted EBITDA of $206M reflected a 30% margin as the company invested in growth initiatives. Record JBP signings of 45 in March alone represented 55% year-over-year growth, and audio emerged as the fastest-growing channel with Spotify measurement reform advancing. Audience Unlimited showed early results with 75% more efficient CPA, and Q2 guidance of at least $750M signaled expected acceleration as macro uncertainty from geopolitics and tariffs moderated.
Competitive Dynamics | Revenue Growth | Innovation & R&D | Cloud & AI | Macroeconomic | Product Launch | Regulation Policy | Capex Investment | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 4 | 2 | 1 | 1 | 1 | |||
| 2025Q1 | 4 | 1 | 1 | 1 | 1 | 2 | ||
| 2025Q2 | 3 | 3 | 1 | 2 | 1 | 3 | ||
| 2025Q3 | 2 | 2 | 1 | 1 | 1 | 1 | ||
| 2025Q4 | 3 | 5 | 2 | 2 | 1 | 1 | ||
| 2026Q1 | 5 | 5 | 2 | 3 | 1 | 1 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Competitive Dynamics | 4 | 4 | 3 | 2 | 3 | 5 |
| Revenue Growth | 2 | 1 | 3 | 2 | 5 | 5 |
| Innovation & R&D | 1 | 1 | 1 | 1 | 2 | 2 |
| Cloud & AI | 2 | 1 | 2 | 3 | ||
| Macroeconomic | 1 | 1 | 1 | 1 | 1 | 1 |
| Product Launch | 1 | 3 | 1 | |||
| Regulation Policy | 2 | 1 | ||||
| Capex Investment | 1 | 1 |
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
TTD The Trade Desk, Inc. | 8 | +11.8% | |
| ADSK Autodesk | 10 | +18.4% | |
| APP Applovin Corp | 9 | +24.1% | |
| CDNS Cadence Design Systems | 9 | +18.7% | |
| CRM Salesforce, Inc. | 9 | +13.3% | |
| DDOG Datadog | 10 | +32.1% | |
| FICO Fair Isaac | 9 | +38.7% | |
| INTU Intuit | 9 | +10.4% | |
| MSTR MicroStrategy Inc. | 7 | +11.9% | |
| NOW ServiceNow | 7 | +22.1% | |
| PTC PTC Inc. | 9 | +21.7% | |
| SHOP Shopify | 8 | +34.3% | |
| TEAM Atlassian | 7 | +31.7% | |
| TYL Tyler Technologies | 8 | +8.6% | |
| UBER Uber | 8 | +14.5% | |
| WDAY Workday, Inc. | 9 | +13.5% |