The numbers
$694 million: Income for Q2 2025, up 19% year-over-year, and above the corporate’s prior steerage of $682 million.
22%: YoY income development for the primary half of 2025. Progress was 27% throughout the identical interval final 12 months.
-30%: The Commerce Desk inventory fell in after-hours buying and selling.
Three-quarters: The variety of The Commerce Desk shoppers utilizing its core platform Kokai, with the majority of spend operating by way of it. Expects all shoppers will use it by the tip of the 12 months.
Watercooler speak
Regardless of a stable quarter for The Commerce Desk, its inventory tanked as a result of its charge of development slowed in comparison with earlier quarters.
Transferring on from Wall Avenue’s histrionics, firm CEO Jeff Inexperienced dismissed the rising competitors coming from Amazon, whose enhancing advert enterprise has drawn some advertisers to shift tens of millions of {dollars} away from The Commerce Desk.
“Regardless of their blended messages, they don’t seem to be making an attempt to purchase the Open Web objectively. They’ll’t. They’ve means an excessive amount of Prime Video provide to promote to ever truthfully pitch massive manufacturers to objectively purchase the Open Web,” Inexperienced mentioned.
Amongst notable management modifications, The Commerce Desk is bringing on Alex Kayyal, beforehand at Lightspeed Enterprise Companions, as chief monetary officer efficient Aug. 21, succeeding Laura Schenkein. The corporate additionally appointed Omar Tawakol, CEO of AI startup Rembrand, to its board of administrators.
The Commerce Desk additionally noticed extra use of CTV and OpenPath, its instrument that connects advertisers immediately with publishers. The corporate can also be growing its enterprise working immediately with manufacturers, which Inexperienced mentioned made up most of the 100 joint enterprise plans it signed lately.
And after a gradual begin, The Commerce Desk appears to be migrating shoppers over to its Kokai interface. Seventy % of consumer spend is on Kokai, based on Schenkein.
Some sectors underperformed, together with the house and backyard vertical which makes up 8% of The Commerce Desk’s enterprise, and magnificence and style, which makes up 4%.
Key quote
Amazon is “extra of a possible accomplice, truthfully, than it’s a long-term competitor,” Inexperienced mentioned. He pitched The Commerce Desk as a possible accomplice if Amazon opens Prime Video to exterior demand: “We consider we’d be an incredible accomplice to drive demand to them.”
