Omnicom Audit Rattles Trade Desk as Stock Plunges 7% Amid Fee Scrutiny
The Trade Desk (TTD) shares tumbled 9.9% intraday after Omnicom announced a third-party audit of its fee structure. The probe follows Publicis Groupe's abrupt termination of its partnership with the ad-tech platform last week over alleged hidden fees—a claim TTD denies.
Omnicom's preliminary review found no irregularities, but the Big Four audit signals mounting pressure from holding companies. CEO Jeff Green's push for direct brand deals has strained agency relationships, compounding TTD's 37% YTD decline.
Market reaction was swift: TTD hit $22.22 Monday, far from its $91.45 peak. The scrutiny highlights growing tension between programmatic platforms and traditional media buyers—a friction point that could reshape digital ad spend flows.