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 S.A. (NASDAQ: CRTO) announced the appointment of Manuela Montagnana as Chief People Officer, succeeding Denis Collin. Montagnana, with over 20 years in global HR leadership, will guide talent strategy for the company's workforce of more than 2,500 employees. Previously, she served at Compass, leading transformational HR projects. Her focus will be on promoting inclusivity and employee engagement while ensuring Criteo attracts and retains top talent. CEO Megan Clarken expressed enthusiasm for Montagnana's role in enhancing the company's people-centric culture in a hybrid working environment.
Marpipe has successfully concluded an $8 million Series A funding round, led by Stage 2 Capital and supported by notable investors including ValueStream Ventures and Samsung. This funding follows a $2 million seed round in 2019 and aims to enhance Marpipe's capabilities in automated creative testing. The company plans to expand its team significantly and centralize creative data for brands, addressing the growing demand for effective ad testing solutions. Marpipe's CEO, Dan Pantelo, emphasizes the need for a tech stack that empowers creatives to optimize ad performance.
Criteo S.A. (NASDAQ: CRTO) announced that CFO Sarah Glickman will present at Citi's 2021 Virtual Global Technology Conference on September 14, 2021, at 9:40 AM Eastern Time. A live audio webcast of the presentation will be available at this link, with a replay accessible on the company's investor relations site afterward. Criteo is recognized for its Commerce Media Platform, partnering with over 21,000 marketers and thousands of media owners globally to deliver impactful advertising solutions.
CommerceIQ has announced a strategic integration with Criteo, aiming to enhance its omnichannel advertising capabilities. This integration allows CommerceIQ's customers to optimize retailer search advertising across Criteo's vast network. With 63% of online sales stemming from omnichannel growth, this partnership is poised to capture consumer attention effectively. The introduction of a new metric, Search Rank Index (SRI), will facilitate real-time bid adjustments based on search rankings. This collaboration aims to drive incremental and profitable sales for brands.
Criteo S.A. (NASDAQ: CRTO) announced a significant partnership with Best Buy, allowing advertisers to access BestBuy.com and BestBuy.ca shoppers via Criteo's retail media platform. This integration will enable sponsored product ads, enhancing customer engagement through targeted advertising. Best Buy, which generates $47 billion in annual revenue, aims to improve the online shopping experience using Criteo's technology. This collaboration reinforces Criteo's strategy in the growing retail media space, leveraging first-party data for optimized content delivery.
Criteo S.A. (CRTO) announced strong Q2 2021 financial results, with revenue of $551 million, up 26% year-over-year. Net income surged 144% to $15 million, with diluted EPS increasing 156% to $0.23. Revenue ex-TAC also rose 22%, accounting for 40% of total revenue. Adjusted EBITDA climbed 73% to $67 million. Operating expenses grew 20%, reflecting investments in growth. However, cash flow from operations fell 21% to $26 million. Criteo acquired Mabaya, enhancing its Commerce Media Platform. The company ended the quarter with $490 million in cash and a solid liquidity position.
Criteo S.A. (NASDAQ: CRTO) will announce its financial results for Q2 2021 on August 4, 2021. CEO Megan Clarken and CFO Sarah Glickman will discuss the results during a conference call at 8:00 AM ET. Investors can access the call using the provided dial-in numbers or via a live webcast on Criteo's website. The company is a leader in providing a Commerce Media Platform and partners with over 20,000 marketers globally.
On July 15, 2021, Criteo (NASDAQ: CRTO) announced key appointments in its Product Innovation team. Joshua Koran joins as Executive Vice President, Data and Policy, bringing over 20 years of experience, including leadership at Zeta Global. He will drive strategic initiatives supporting privacy and innovation. Karsten Rieke is appointed Senior Director, Product Management for Identity and Privacy, with extensive experience leading cookie-less environment solutions. Together, they aim to enhance Criteo's product roadmap amidst regulatory challenges, fostering trust among stakeholders.
Criteo (NASDAQ: CRTO) announced the appointment of Nola Solomon as Senior Vice President, Go-to-Market. With over a decade of expertise in digital advertising, Solomon will lead Criteo's global strategy, aligning product development with customer needs. Previously at NBCUniversal Media, she has extensive experience in programmatic product and business strategy. This leadership change comes as Criteo aims to enhance its Commerce Media Platform with new targeting solutions, positioning the company for growth amidst evolving market demands.
Criteo (NASDAQ: CRTO) reported an 8% increase in U.S. in-store sales compared to pre-pandemic levels in May 2021. The company's Store Sales solution has enabled U.S. retailers to achieve an average 38% year-over-year sales increase. Criteo's omnichannel strategy utilizes first-party data to enhance personalized marketing efforts, driving better customer engagement and revenue. Tim Rogers, Senior VP, emphasized Criteo's role in revitalizing brick-and-mortar sales as the economy reopens. The company continues to innovate amidst pandemic-driven challenges.
FAQ
What is the current stock price of Criteo S.A. (CRTO)?
What is the market cap of Criteo S.A. (CRTO)?
What does Criteo S.A. specialize in?
Where is Criteo headquartered?
How many countries does Criteo operate in?
What were Criteo’s financial highlights for Q3 2023?
What is Criteo's Commerce Media Platform?
How many employees does Criteo have?
What recent partnership did Criteo announce?
What are Criteo's future growth plans?
What accreditation has Criteo recently achieved?
What are Criteo's core services?
