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What The Trade Desk does: It provides a demand-side platform (DSP) that lets advertisers buy digital ad space across multiple channels (display, social, mobile, video, and connected TV) in an automated, real-time way. How its product works: Advertisers use the Trade Desk platform to plan, bid on, and optimize ad campaigns using real-time bidding (RTB) data and analytics. The system offers transparency in measurement and reporting, showing exactly how campaigns perform so clients can adjust spend and targeting. Revenue model and differentiation: The Trade Desk earns fees based on the ad spend managed through its platform and adds services like data analytics and consulting. It differentiates itself through advanced technology, data capabilities, cross-channel reach, and a emphasis on transparent reporting. Company goal: Help advertisers make smarter, data-driven decisions to improve campaign outcomes and maximize the value of their ad spend in a global digital advertising market.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Ventura, California
Founded
2009
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The Trade Desk brings granular healthcare measurement into media optimization. The Trade Desk Expands Pharma Ad Measurement Healthcare advertisers are increasingly looking to connect media exposure with real-world outcomes rather than relying on campaign-level performance reports. The Trade Desk is expanding integrations with healthcare analytics providers Veeva Crossix and IQVIA Digital to bring more granular measurement signals into programmatic media decisioning, allowing pharmaceutical advertisers to use campaign insights while campaigns are still running. For pharmaceutical marketers, knowing that a campaign performed well is only part of the measurement challenge. The harder question is determining which audiences, devices, geographies and media environments contributed to that performance - and then acting on those signals quickly. The Trade Desk is attempting to close that gap through expanded integrations with Veeva Crossix and IQVIA Digital, bringing specialized healthcare measurement closer to the platform's media optimization and bidding workflows. Traditionally, pharma analytics has often operated alongside media buying platforms. Advertisers could evaluate campaign results and identify optimization opportunities, but applying those insights to an active media campaign could require additional processes. The expanded integrations are designed to shorten that feedback loop. For example, a pharmaceutical advertiser could examine audience quality by site, geography or device, connect media exposure with metrics such as new-to-brand prescriptions (NBRx), and use those signals to inform ongoing media allocation. Crossix is expanding its in-platform optimization capabilities within The Trade Desk. Advertisers can currently optimize campaigns around Audience Quality (AQ) and cost per target reach, while Gross NBRx optimization is planned for the fourth quarter. A weighted KPI capability is also expected in Q4, allowing advertisers to combine Crossix Audience Quality and Gross Conversion data when optimizing toward multiple campaign outcomes. That development reflects a broader movement in programmatic advertising toward outcome-based optimization. Rather than treating impressions or reach as the final measurement layer, advertisers are increasingly looking for signals that connect media exposure to business or downstream outcomes. IQVIA Digital is taking a somewhat different role by expanding the granularity of performance measurement. The company plans to introduce AQ measurement across individual sites, geographies and device types, alongside new-to-brand prescription measurement. The distinction matters for media buyers managing large programmatic campaigns. A campaign may generate strong aggregate results while performance varies considerably across individual supply environments or audience segments. More granular measurement can potentially give traders and automated systems additional signals for deciding where future impressions should be purchased. The Trade Desk also supports multi-provider HCP decisioning, allowing advertisers to extend National Provider Identifier (NPI) reach across multiple healthcare data providers. The objective is to give pharma advertisers additional scale while maintaining healthcare-specific data controls. The development places The Trade Desk within a specialized part of the programmatic ecosystem where privacy, data governance and measurement complexity are particularly important. Healthcare advertising cannot simply apply consumer advertising models without accounting for sensitive data and regulatory requirements. The bigger shift is toward bringing measurement and activation closer together. Instead of waiting until a campaign ends to determine what worked, advertisers can increasingly feed validated performance signals back into media decisioning while campaigns remain active. For enterprise pharma teams, the value will ultimately depend on data quality, measurement methodology, interoperability and the ability to translate healthcare outcomes into reliable optimization signals. But the direction is clear: specialized healthcare analytics is becoming increasingly connected to the systems responsible for buying and optimizing media. Market landscape. Programmatic advertising is evolving from impression-based optimization toward increasingly sophisticated outcome and audience-quality signals. This is particularly visible in verticals such as healthcare, where advertisers need specialized datasets and measurement methodologies. The Trade Desk's integrations with Crossix and IQVIA Digital illustrate a broader trend toward closed-loop media measurement: data is collected from campaign activity, translated into performance signals and returned to the buying environment for optimization. Large advertising ecosystems including Google, Amazon and Microsoft are also investing in automated bidding, measurement and first-party data capabilities. Specialist healthcare providers add another layer by supplying domain-specific signals that general-purpose advertising platforms may not provide. For pharmaceutical advertisers, interoperability will remain central. The ability to combine multiple measurement providers, define campaign-specific KPIs and optimize against meaningful outcomes could reduce the distance between media buying and business measurement, provided privacy and governance requirements are maintained. Top insights. * The Trade Desk is expanding healthcare data integrations with Veeva Crossix and IQVIA Digital to bring measurement signals closer to programmatic media decisioning. * Crossix enables optimization around Audience Quality and cost per target reach, with Gross NBRx and weighted KPI capabilities planned for Q4. * IQVIA Digital is expanding measurement granularity across sites, geographies and devices while adding new-to-brand prescription measurement. * Multi-provider HCP decisioning gives pharmaceutical advertisers additional options for extending NPI reach across healthcare data providers. * The development reflects a broader AdTech shift toward closed-loop optimization, where campaign measurement can directly inform active media buying decisions.
The Trade Desk is expanding internationally as growth increasingly depends on markets outside the US. EMEA and APAC regions have each grown nearly 30% year to date, whilst China has surged over 100%. The company operates in more than 35 markets. Its top 100 accounts are growing at double-digit rates year over year, whilst advertisers outside the top 500 are delivering more than 50% year-to-date growth. Second-quarter revenue rose 3% year over year to $715 million. The US accounted for about 83% of revenue, with international markets contributing 17%. CTV revenue grew more than 50% year over year in both EMEA and APAC during the quarter. The company faces competition from Magnite, which is also expanding internationally and recently launched its first agentic campaign in EMEA.
The Trade Desk will leave the S&P 500 and join the S&P SmallCap 600 on 21 September as part of the quarterly index reshuffling. The advertising technology company's shares have plummeted from $141 to around $14, with its market capitalisation falling from a peak of $69 billion in 2024 to $6.78 billion. The company reported disappointing second-quarter 2026 results, with revenue increasing just 3% year-over-year to $715 million, missing analyst expectations of $751.4 million. Adjusted earnings per share came in at $0.34, below the expected $0.40. The Trade Desk guided for third-quarter revenue of at least $650 million, representing a 12% year-on-year decline. The index removal could trigger additional selling pressure as funds rebalance their portfolios.
The Trade Desk, an advertising technology firm, has seen its stock plummet 72% over twelve months to around $14.43, despite generating substantial cash flow. The company produced $850 million in free cash flow against a $6.8 billion market capitalisation and holds $1.1 billion in net cash. The markdown stems from stalled growth. Revenue grew just 3% year-over-year in the second quarter, with management lowering third-quarter guidance to at least $650 million, implying a potential decline. Consumer packaged goods and automotive clients, representing 25% of business, are shifting to cheaper advertising options amid economic pressures. However, international regions EMEA and APAC grew nearly 30% year-to-date. The company is launching new products including Audience Unlimited and platform upgrade Zuma to demonstrate value.
Clinch expands London presence with new central office and appointment of Colin Cherry as VP of Growth, EMEA. Sep 09, 2026, 03:00 ET Former The Trade Desk and Criteo executive will lead regional growth as Clinch deepens support for brands and agencies across EMEA LONDON, Sept. 9, 2026 /PRNewswire/ - Clinch, the agentic operating system for omnichannel advertising, today announced the appointment of Colin Cherry as Vice President of Growth, EMEA, and an office move and expansion, opening a new London hub in Soho. The moves come amid growing enterprise demand for Clinch across the region, including the recent onboarding of several Fortune 500 global advertisers, and a 57% increase in full-time headcount across EMEA and APAC. Together, the new office and regional leadership reflect Clinch's ability to support its expanding base of global brands, agencies and technology partners across Europe. Cherry will lead Clinch's EMEA growth strategy, with responsibility for expanding relationships with agencies, brands and technology partners, developing new commercial opportunities, and building the company's regional presence. His appointment and the London office reflect Clinch's continued investment in helping advertisers connect creative and media operations as campaign execution becomes more automated. "Moving our London office and putting an experienced regional leader in place is an important step in how we continue to support the EMEA market," said Taylor West, Global Head of Growth and Client Experience at Clinch. "Colin understands the needs of agencies, advertisers and platforms, and he knows where disconnected workflows create friction. That perspective will be invaluable as we help more teams bring creative and media together in one operating system." Cherry joins Clinch from The Trade Desk, where he served as Director of Business Development, overseeing growth and channel expansion across Tier 1 accounts. During his tenure, he worked with leading global brands including Adobe, Disney, Marriott, Stellantis, Campari, Pfizer, Swarovski and Reckitt, helping them drive performance and develop sophisticated, data-led digital strategies. He previously spent more than three years at Criteo, as Head of Agency Sales UK and Group Lead. Earlier in his career, he was the International Digital Sales Manager at European Broadcaster Exchange (EBX), a joint venture representing leading European broadcasters. He has also served on the International Advertising Association's Activities Committee. "Brands and agencies across EMEA are looking for ways to make campaign operations more connected, responsive and accountable. Clinch has built the operating system to bring creative, media and data into one workflow, helping teams move faster while maintaining control," said Colin Cherry, VP of Growth, EMEA at Clinch. "I am excited to build on the company's momentum in the region and work closely with customers and partners across Europe." Clinch's Flight Control platform unifies the workflows advertisers and agencies use to plan, activate, optimize and measure campaigns across channels. By connecting media and creative execution in a single environment, Clinch helps teams reduce operational complexity, respond to live campaign signals and deliver more relevant advertising at scale. The London office will serve as Clinch's base for continued expansion across the UK and continental Europe. About Clinch Clinch is the operating system for omnichannel orchestration, built for the autonomous era. As AI transforms how media is planned and bought, success increasingly depends on execution. As an AI-powered omnichannel content orchestration platform, Clinch connects creative, data, and media execution in one coordinated system, giving brands and agencies the speed, operational efficiency, precision, and control to plan, activate, and optimize campaigns at scale. SOURCE Clinch