The numbers
$694 million: Income for Q2 2025, up 19% year-over-year, and above the corporate’s prior steering 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 working via it. Expects all shoppers will use it by the tip of the 12 months.
Watercooler speak
Regardless of a strong quarter for The Commerce Desk, its inventory tanked as a result of its charge of development slowed in comparison with earlier quarters.
Shifting on from Wall Avenue’s histrionics, firm CEO Jeff Inexperienced disregarded 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 combined messages, they aren’t making an attempt to purchase the Open Web objectively. They’ll’t. They’ve method an excessive amount of Prime Video provide to promote to ever truthfully pitch giant manufacturers to objectively purchase the Open Web,” Inexperienced mentioned.
Amongst notable management adjustments, 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 software that connects advertisers instantly with publishers. The corporate can also be rising its enterprise working instantly with manufacturers, which Inexperienced mentioned made up lots of the 100 joint enterprise plans it signed just lately.
And after a sluggish begin, The Commerce Desk appears to be migrating shoppers over to its Kokai interface. Seventy % of shopper 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 trend, 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 imagine we’d be an incredible accomplice to drive demand to them.”
