The Trade Desk responded to reports that Walmart renegotiated their adtech agreement to allow the use of other platforms, which some say could benefit Amazon.

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The Trade Desk reported Q2 revenue of $694M, up 19% year-over-year, with adjusted EBITDA of $271M (39% margin) and adjusted net income of $203M ($0.41 per diluted share).

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Evercore remains bullish on The Trade Desk (TTD), even as competition in the digital ad space intensifies with Amazon ramping up its DSP.

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