异动解读 | Trade Desk盘中大跌38%,第二季度收入增长放缓引发投资者担忧

异动解读
Aug 08, 2025

云广告技术公司Trade Desk(TTD)周五盘中股价暴跌38.54%,创下近期最大单日跌幅。这一显著下跌主要源于公司发布的第二季度财报未能满足市场预期,以及对未来业务增长的担忧。

根据Trade Desk公布的财务报告,公司第二季度营收同比增长19%,远低于去年同期26%的增长率,显示出明显的增长放缓迹象。公司首席执行官杰夫・格林(Jeff Green)警告称,持续的关税不确定性正给一些全球最大的广告商带来压力。格林表示,与那些更多依赖中小企业的竞争对手相比,Trade Desk专注于大型全球广告客户的业务重心使该公司更容易受到更广泛经济压力的影响。

罗森布拉特证券公司分析师巴顿・克罗克特(Barton Crockett)指出:"一个不同寻常的情况是,TTD的增速放缓,且低于Meta 22%的增速,这引发了人们的担忧:封闭生态系统的增长速度快于开放互联网。"此外,至少有7位分析师在业绩公布后下调了该股的目标价,使其中位数目标价降至84美元,进一步加剧了投资者的担忧。值得注意的是,Trade Desk还宣布了重要人事变动,任命亚历克斯・凯亚尔(Alex Kayyal)为新任首席财务官,将于8月21日生效。

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