The Trade Desk Stock Has Lost About 89% Since the End of 2024. Its Nov. 9 Report Is the Next Test.

TTD has lost roughly 89% of its value since the end of 2024 and now trades near $13, setting up a high-stakes earnings test on Nov. 9.

The damage traces to an August forecast miss. The Trade Desk guided for Q3 revenue of at least $650 million, a 12% year-over-year decline. That guidance followed a pattern: the company has recently missed its own revenue forecasts, a track record that now defines how investors read its outlook.

That history shifts the focus of the Nov. 9 report. The headline revenue number matters, but the bigger question is whether management can restore guidance credibility. Investors will also look for evidence that the revenue declines are stabilizing rather than deepening.

Interpretation: after an 89% drawdown, the stock already prices in a great deal of pessimism, so the reaction may hinge on whether results land at or above the $650 million floor. A company that has missed its own forecasts gets little benefit of the doubt, and an in-line print with a credible outlook could carry more weight than the absolute figure.