The Trade Desk, a leading independent advertising technology company, has announced the appointment of Tahnil Davis as its interim Chief Financial Officer (CFO), effective January 24, 2026. Davis, who has been with the company for nearly 11 years, brings extensive expertise in financial management across domestic and international markets, particularly in high-growth software and internet services companies. She succeeds Alex Kayyal and will report to Jeff Green, the CEO and co-founder of The Trade Desk.
For the fourth quarter of 2025, The Trade Desk has reaffirmed its financial guidance, expecting revenue of at least $840 million and adjusted EBITDA of approximately $375 million. The company is in the process of finalizing its results of operations for the fourth quarter and fiscal year ended December 31, 2025. The company has not provided guidance for GAAP net income or reconciliation of adjusted EBITDA guidance to net income due to the variability and complexity of certain charges included in the calculation of GAAP net income.
The Trade Desk expects to release its financial results for the fourth quarter and fiscal year 2025 after the market closes on Wednesday, February 25, 2026, and will host a webcast and conference call to discuss these results at 2:00 p.m. Pacific Time on the same day.
The company has also included non-GAAP financial information in the press release, with the non-GAAP financial measure of adjusted EBITDA supplementing the condensed consolidated statements of operations prepared under GAAP. Adjusted EBITDA is defined as net income before depreciation and amortization expense, stock-based compensation expense, interest income, net, and provision for income taxes.
The Trade Desk is a technology company that empowers buyers of advertising through its self-service, cloud-based platform, allowing ad buyers to create, manage, and optimize digital advertising campaigns across various ad formats and devices. With offices across North America, Europe, and Asia Pacific, the company continues to be a prominent player in the advertising technology industry. The market has reacted to these announcements by moving the company's shares -2.07% to a price of $35.48. For more information, read the company's full 8-K submission here.
