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The Trade Desk: From Unstoppable to Uncertain

Thomas Chua by Thomas Chua
1 May 2025
in Investing
25 min read

Insider Stocks · For members

An entry from my investing journal, for members.

A 60% stock plunge in just 10 weeks. The first missed guidance in 33 consecutive quarters. A UI redesign that customers actively dislike. What happened to The Trade Desk's seemingly unstoppable momentum? In Part 1 (LINK), we explored how The Trade Desk built a dominant position in the programmatic advertising ecosystem through its buy-side focus, […]

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Before I buy a business, and before I sell one, I write up what I see: what it earns, what it’s worth, what could break it. Members read every entry, back to 2021. At least two new entries a month, more during earnings season.

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More on The Trade Desk

  • For membersTrade Desk Q4 2025: The Excuses Doesn’t Quite Add Up6 March 2026
  • For membersTrade Desk Q3 2025: When Self-Inflicted Wounds Meet External Pressures21 November 2025
  • For membersThe Trade Desk’s 40% Tumble: Why I’m Not Panicking15 August 2025

Everything I’ve written on The Trade Desk →

Tags: Insider StocksPremiumResearch ReportsThe Trade Desk

© 2026 Steady Compounding - By Thomas Chua

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