Category: In the News

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The Trade Desk shares plunge after posting Q2 revenues of $694 million

The public markets can be a cold, unforgiving place, with The Trade Desk’s fortunes on the Nasdaq alone this year a prime example of their unpredictability. 

The industry’s largest independent demand-side platform posted Q2 revenues of $694 million, up 19% year-on-year, beating analysts’ earlier expectations, with The Trade Desk also naming a new chief financial officer, Alex Kayyal, and board member Omar Tawakol.

However, The Trade Desk’s stock price dropped markedly in the early hours after making the disclosure, with certain market observers labelling the Q2 performance as “lackluster,” even with revenue guidance of “at least $717 million” in the coming quarter.     

As part of the tri-partite announcement, The Trade Desk announced that its current CFO, Laura Schenkein will transition out of her current role, and remain as a non-executive director, with Kayyal (existing board member) set to take over the new role on August 21. 

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Meta’s Superintelligence Labs is already becoming part of the pitch to marketers

Mark Zuckerberg’s latest big swing — Meta’s SuperIntelligence Lab — is trying to redefine what AI means on his terms.

That redefinition, like most things at Meta, will inevitably run through the company’s ads business. Especially since Zuckerberg has publicly marked 2026 as the year Meta automates the entire ad workflow. That means the same tools Meta claims will usher in a new era of artificial intelligence will, in the near term, be tasked with more familiar work tweaking creative, bidding strategies and targeting levers to keep the ads machine growing.

But despite it still being very early days for Meta’s Superinteligence Lab, three of the ad execs Digiday caught up with confirmed it’s already entering the conversation in some way or another. The level of details still vary from rep to rep, but this is the team charged with getting buy-in from advertisers bringing Zuckerberg’s latest vision to life — Superintelligence, or AI, that surpasses human cognitive ability.

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