Trade Desk soared more than 20% after hours as Jeff Green's company beat its own forecast and guided well above estimates

The Trade Desk gave investors a quarter that was better than almost anyone expected, including the company itself. The digital advertising platform reported results after Monday's close that cleared its own forecast by a wide margin and guided the holiday quarter well above Wall Street's estimates, sending the shares sharply higher in extended trading on top of a big gain during the regular session.

The numbers

Third-quarter revenue was $736 million, compared with a consensus estimate of about $651 million, StockStory reported via Yahoo Finance. In August, the company had guided to at least $650 million, according to Wall Street Observer, citing the results release. Revenue was essentially flat with the $739 million reported a year earlier.

Adjusted earnings came to 33 cents a share, against a consensus of 25 cents, according to StockStory. Adjusted EBITDA, a measure of operating profit, was $265.8 million, against an estimate of $160.8 million, for a margin of about 36%. A year earlier the margin was 43%, Wall Street Observer reported. GAAP net income fell to $38 million, or 8 cents a share, from $116 million.

The company said customer retention stayed above 95%. It also said Netflix has expanded its integration so that, beginning in November, advertisers can use first-party and third-party data to reach Netflix audiences through the Trade Desk's Kokai platform, according to Wall Street Observer.

The outlook

The Trade Desk guided fourth-quarter revenue to at least $755 million, above the roughly $692 million consensus, and adjusted EBITDA to at least $280 million, against estimates of about $197 million to $207 million, according to StockStory and Investing.com. Wall Street Observer noted that revenue in the fourth quarter of 2025 was $846.8 million, so the guidance still points to a year-over-year decline.

The board also approved an additional $731 million for share repurchases, bringing the total authorization available to $1 billion of Class A stock, the company said.

"Q3 represented meaningful progress, with results well ahead of our expectations entering the quarter, but we are still operating below the level of growth we expect from ourselves." - Jeff Green, co-founder and CEO of The Trade Desk, in the company's results release

Green said the company is "moving with greater urgency" across the business, pointing to how it works with its largest customers and to products including Zuma, Audience Unlimited and agentic AI tools, according to the release as quoted by StockStory.

How the stock traded

The shares rose 15.47% to $14.93 in the regular session, according to Yahoo Finance data, as investors positioned ahead of the report, Benzinga said. Volume was about 74.4 million shares, roughly 5.2 times the 30-day average, according to Wall Street Observer. In after-hours trading, the stock rose 21.8% according to StockStory, 23% according to Investing.com and 24.7% to $18.65 at 4:10 p.m. ET according to Wall Street Observer. StockStory put the company's market value at about $6.11 billion.

Other after-hours movers

Sanmina, a contract electronics manufacturer, rose about 22% after hours, Investing.com reported, after adjusted fiscal fourth-quarter earnings of $4.43 a share beat the $3.27 estimate and net sales of $3.86 billion topped the $3.48 billion expected. It guided first-quarter fiscal 2027 revenue to $3.8 billion to $4.1 billion, against a $3.55 billion consensus. The stock had already closed up 11.11% at $149.64, according to Yahoo Finance data.

Digital Turbine fell 21% after its fiscal second-quarter report, as it reiterated its full-year adjusted EBITDA range of $145 million to $155 million, Investing.com reported.

Hims & Hers Health slipped about 1% to 3% after hours, according to Benzinga and Investing.com. The telehealth company's revenue rose 49% to $890.4 million, but it posted a net loss of $33.0 million and cut its full-year revenue forecast to $3.13 billion to $3.15 billion, the company said. Its fourth-quarter revenue forecast of $875 million to $895 million was below the $955.1 million consensus, Investing.com reported. The company also named Andrew Huberman to its board.

What carries into Tuesday

For the Trade Desk, the question is whether the after-hours gain holds in Tuesday's regular session, when the company's fourth-quarter guidance and its Netflix tie-up will be weighed against revenue that is still not growing from a year ago. The broader market faces the October consumer price report at 8:30 a.m. ET.