Trade Desk Tumbles 13%, AppLovin Holds Gains as Ad-Tech Q1 Earnings Split Wall Street

The Trade Desk shares fell roughly 13% to $20.41 after the company reported a Q1 2026 earnings miss and gave a softer-than-expected Q2 2026 outlook. The weak print and cautious guidance signal near-term pressure on fundamentals and expectations. The move is likely to materially affect the stock, though not the broader market.

Analysis

The Trade Desk shares fell roughly 13% to $20.41 after the company reported a Q1 2026 earnings miss and gave a softer-than-expected Q2 2026 outlook. The weak print and cautious guidance signal near-term pressure on fundamentals and expectations. The move is likely to materially affect the stock, though not the broader market.