Welcome to our dedicated page for Criteo S.A. news (Ticker: CRTO), a resource for investors and traders seeking the latest updates and insights on Criteo S.A. stock.
Criteo S.A. (NASDAQ: CRTO) is a global leader in commerce media, headquartered in Paris. The company specializes in performance marketing technology, enabling e-commerce companies to leverage vast amounts of data for effective customer engagement and conversion. With its predictive software algorithms and deep insights into consumer behavior, Criteo provides highly relevant and personalized advertisements in real-time, optimizing advertising placement decisions based on data and activity on client websites.
Criteo operates in 130 countries, with a strong workforce of over 1,600 employees across 27 offices worldwide. The company partners with more than 8,500 clients and maintains direct relationships with over 11,000 publishers. Its innovative technology allows retailers to launch multichannel and cross-device marketing campaigns in real-time, providing real-time ROI analysis to dynamically adjust marketing strategies. Additionally, Criteo's technology aids retailers in managing ad inventories and enhancing yield optimization.
In Q3 2023, Criteo reported a revenue of $469 million, gross profit of $205 million, and a Contribution ex-TAC of $245 million. The company witnessed significant growth, with a gross profit margin of 44% and a Contribution ex-TAC margin of 52%. For the fiscal year 2023, revenue was $1.9 billion, and net income reached $55 million. Criteo's robust financial performance is attributed to its strategic focus on retail media and cost efficiencies.
Recent achievements include a partnership with Albertsons to enhance its retail media offerings, the introduction of new ad formats like commerce display and sponsored video, and the attainment of MRC accreditation for display rendered impression and click advertising metrics. These initiatives underscore Criteo’s commitment to innovation and transparency in the retail media space.
Looking ahead, Criteo remains focused on sustainable growth, with an emphasis on expanding its Commerce Media Platform and driving shareholder value. The company projects a positive outlook for 2024, with plans to further enhance its market presence and operational efficiencies.
Criteo (CRTO) reported strong Q3 2024 financial results with revenue of $459M (down 2% YoY) and gross profit of $232M (up 13% YoY). Retail Media showed significant growth with Contribution ex-TAC up 23% YoY, while Performance Media Contribution ex-TAC increased 5%. The company achieved net income of $6M ($0.11 EPS) and Adjusted EBITDA of $82M (up 20% YoY). Free Cash Flow improved substantially to $39M, up from $4M in Q3 2023. Criteo expanded its platform to 3,100 brands and 225 retailers and expects to return $180M to shareholders in 2024.
Criteo (NASDAQ: CRTO) has announced new collaborations with Order Management System (OMS) companies ADvendio, Boostr, Placements.io, Vantage, and Salesforce Media Cloud to enhance flexibility for retail media networks. The integrations will allow Criteo's retailer clients to streamline their media operations through API integration, enabling automated campaign management across platforms. Retailers can now access Criteo's network of 2,900 global brands while maintaining control over their media networks through their preferred OMS platform. This modular approach aims to improve operational efficiency as retail media spending is projected to grow by over $75 billion in the next four years.
Criteo (NASDAQ: CRTO) has been named a Leader in IDC MarketScape's 2024 Worldwide Retail Media Network Service Providers Assessment among 13 service providers. The company currently partners with 225 retailers to build and manage retail media networks, connecting them with 2,900 brands through its AI-powered Commerce Media Platform. This recognition follows Criteo's recent Media Rating Council accreditation for retail media measurement and strategic collaboration with Microsoft Advertising.
MobileFuse, a leading in-app, CTV, and DOOH advertising platform, has announced a strategic partnership with Criteo (Nasdaq: CRTO), enhancing its retail media capabilities. This collaboration gives MobileFuse's retail clients access to Criteo's Commerce Audiences, which are granular audience segments built from real-time shopping signals.
The partnership aims to empower retail brands and advertisers with more effective audience discovery and engagement, ultimately driving conversions. Criteo's Commerce Audiences are continuously refreshed, high-intent audiences based on consumer shopping behaviors and commerce signals. MobileFuse's industry-leading SDK, combined with Criteo's audiences, promises to deliver higher fill rates, eCPM, CTR, and revenue compared to other oRTB solutions.
This strategic move reinforces MobileFuse's commitment to providing innovative tools for publishers and advertisers, meeting the growing demands of the retail media landscape.
Criteo S.A. (NASDAQ: CRTO), the Commerce Media company, has announced it will release its financial results for the third quarter ended September 30, 2024, on Wednesday, October 30, 2024. The company will host a conference call at 8:00 AM ET, 1:00 PM CET on the same day to discuss the results.
The call will feature Megan Clarken, Chief Executive Officer, and Sarah Glickman, Chief Financial Officer. Todd Parsons, Chief Product Officer, will join for the Q&A session. Investors can access the call using the following dial-in numbers:
- United States: +1 800 836 8184
- International: +1 646 357 8785
- France: 080-094-5120
The conference call will also be webcast live on the Company's website at https://criteo.investorroom.com/ and will be available for replay.
Criteo (Nasdaq: CRTO) has announced a partnership with Belk Inc. to launch the Belk Media Network. This retail media arm will allow national brands in apparel, accessories, beauty, and home categories to increase awareness and sales on Belk's digital properties. The partnership will utilize sponsored products and onsite display, with plans to expand in 2025.
Belk will leverage Criteo's technology and its own first-party data to target a unique audience of high-earning, predominantly women shoppers. This initiative comes ahead of the holiday shopping season, offering advertisers a competitive advantage to reach high-intent consumers. Belk operates nearly 300 stores across 16 Southeastern states and has a strong digital presence.
The Belk Media Network joins Criteo's network of 225 global retailer and marketplace partners, capitalizing on the rapidly growing retail media category, which is expected to surpass $231 billion by 2030.
Criteo S.A. (NASDAQ: CRTO) has announced that CEO Megan Clarken plans to retire within the next 12 months. Clarken will continue as CEO until a successor is named and will then step down from the Board. She has agreed to remain as a senior advisor to ensure a smooth transition. The Board has initiated a search for a new CEO, engaging Heidrick & Struggles to assist in the process.
Board Chair Rachel Picard praised Clarken's leadership over the past five years, highlighting her role in Criteo's transformation into an end-to-end AdTech platform for Retail and Commerce Media. The Board expressed confidence in the company's strategy and senior leadership team. Clarken stated her pride in Criteo's accomplishments during her tenure, including navigating industry challenges and building differentiated capabilities that have positioned Criteo as a Commerce and Retail Media powerhouse.
Criteo (NASDAQ: CRTO) announced record Q2 2024 results, with a slight 1% YoY revenue increase to $471M and a 17% rise in gross profit to $233M. Net income surged to $28M from a loss of $2M in Q2 2023, translating to a diluted EPS of $0.46. Adjusted EBITDA was up 67% to $93M, and Adjusted EPS jumped 104% to $1.08. Despite a Free Cash Flow of -$4M, operating cash flow rose significantly to $17M. Retail Media revenue grew 23%, while Performance Media revenue saw a slight decline of 2%. The company is raising its full-year 2024 guidance and plans a Retail Media Investor Update on Nov 18, 2024. CEO Megan Clarken highlighted the company's strategic collaborations and platform expansions, including partnerships with Dollar General and Microsoft Advertising.
Criteo (Nasdaq: CRTO), the commerce media company, has announced key leadership promotions to drive growth in Retail Media and Performance Media. Brian Gleason has been promoted to Chief Revenue Officer and President, Retail Media, overseeing the execution of Retail Media ambitions and leading the global commercial organization. Ryan Damon has been appointed Chief Legal and Transformation Officer, expanding his role to include transformation initiatives for Criteo's Commerce Media Platform. Connor McGogney has been promoted to Chief Business Development Officer, focusing on growth strategy, mergers and acquisitions, and strategic partnerships.
These promotions aim to accelerate Criteo's transformation into a Commerce Media powerhouse and drive shareholder value. All three executives will report directly to CEO Megan Clarken.
Criteo S.A. (NASDAQ: CRTO), the Commerce Media company, has announced it will release its second quarter 2024 financial results on Thursday, August 1, 2024. Following the release, the company will host a conference call at 8:00 AM ET (2:00 PM CET) to discuss the results.
Key participants in the call will include Megan Clarken (Chief Executive Officer), Sarah Glickman (Chief Financial Officer), and Todd Parsons (Chief Product Officer) for the Q&A session. Investors and analysts can access the call using provided dial-in numbers for the US, International, and France. Additionally, a live webcast of the conference call will be available on Criteo's investor relations website.
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