tradeval
TTD

Who The Trade Desk buys from and sells to

Runs a demand-side platform that agencies use to buy ads on the open internet and connected TV; no inventory of its own.

Part of Digital Advertising spending

Where the chain could break

  • Two agency holding companies placed 30% of 2025 gross billings, with no contracts at that level
  • Publicis has told clients it will no longer recommend the platform
  • Browser and OS limits on identifiers weaken targeting on the open internet

Competes with

Mapped by hand from filings and company reporting, as of October 2026. It shows the relationships that matter most, not every contract: most are never disclosed, and agreements change.

Sources (2)