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 (NASDAQ: CRTO) has signed a three-year partnership with Carrefour Group, marking Carrefour as the first European food retailer to utilize Criteo's programmatic platform for retail media. This partnership is part of Criteo's strategy to enhance its position in the Commerce Media sector. The collaboration will launch in nine countries, starting with France, allowing brands self-service access to customer targeting based on shopping behavior. This partnership aims to drive personalized consumer engagement and effective advertising solutions.
Criteo S.A. (NASDAQ: CRTO) announced a major rebranding on June 3, 2021, introducing a new logo and positioning statement: 'The Future is Wide Open.' This transformation aims to align with Criteo's evolving business strategy in the advertising sector, particularly in a cookie-less future. CEO Megan Clarken emphasized the company's commitment to innovation and a fair internet. The company held a virtual Investor Day to present its strategy, capabilities, and product roadmap, showcasing its commitment to enhancing consumer experiences through its Commerce Media Platform.
Criteo S.A. (NASDAQ: CRTO) will present at the Stifel 2021 Virtual Cross Sector Insight Conference on June 8, 2021, at 8:00 AM ET. CFO Sarah Glickman will lead the presentation, with a live audio webcast available at this link. A replay will be posted on the company's investor relations site afterward. Criteo, a global technology leader in advertising, serves over 20,000 customers and employs 2,500 team members worldwide.
Criteo S.A. (NASDAQ: CRTO) announced its acquisition of Mabaya, a retail media technology firm, enhancing its Commerce Media Platform. This acquisition aims to boost Criteo's capabilities in retail media monetization and support for diverse marketplace sellers. Mabaya's technology aligns with Criteo's existing solutions, enabling better advertising services on e-commerce platforms. Criteo Retail Media experienced significant growth, generating $400 million in ad revenue in 2020, with a year-over-year increase of 122% in the latest quarter. The acquisition supports Criteo's strategic goal of expanding its footprint in the growing retail media market.
Criteo S.A. (NASDAQ: CRTO) has announced its 2021 Investor Day scheduled for June 3, 2021, starting at 8:00 AM ET. The event will feature key speakers including CEO Megan Clarken and CFO Sarah Glickman. It will be held virtually, with a live webcast available on the company's investor relations website. A replay will also be accessible after the event.
Criteo S.A. (NASDAQ: CRTO) announced that CEO Megan Clarken will present at the J.P. Morgan Global Technology, Media and Communications Conference on May 24, 2021, at 11:00 AM ET. This live presentation will be accessible via a webcast on the company's investor relations website, with a replay available afterward. Criteo is a global technology firm specializing in impactful advertising, boasting a workforce of 2,500 employees and partnerships with over 20,000 clients worldwide. The company leverages advanced machine learning to provide effective advertising solutions.
Criteo S.A. (NASDAQ: CRTO) reported strong Q1 2021 financial results, with revenue of $541 million, a 7% year-over-year increase, and net income rising 43% to $23 million. Adjusted EBITDA grew 28% to $76 million, reflecting effective cost management. Revenue excluding Traffic Acquisition Costs (ex-TAC) reached $213 million, a 4% increase. Retail Media revenue surged 69%, showing strong growth. The company maintained a cash position of $520 million, with free cash flow also up by 41% to $64 million. Criteo aims for 50% growth from new solutions in 2021.
Criteo (NASDAQ: CRTO) has launched an innovative contextual advertising solution that merges first-party commerce data with real-time contextual signals. This product aims to enhance marketers' capabilities in a post-cookie environment, helping them drive and measure incremental revenue. With the backing of Criteo's extensive First-Party Media Network, marketers can reach audiences effectively and personalize experiences. The solution is currently available in select markets, including the U.S., U.K., Germany, and France, with a general release expected later in the year.
Criteo S.A. (NASDAQ: CRTO) will announce its financial results for Q1 2021 on May 5, 2021. CEO Megan Clarken and CFO Sarah Glickman will lead a conference call at 8:00 AM ET. The call will include a Q&A session with key executives. Investors can access the call via specified dial-in numbers or watch it live on Criteo's website. The company operates globally, employing 2,600 team members and partnering with over 20,000 customers to deliver impactful advertising using advanced machine learning.
Criteo S.A. (NASDAQ: CRTO) announced on April 8, 2021, an expansion of its Retail Media API program, integrating with new partners including Pacvue, Perpetua, Flywheel, Kenshoo, and Tinuiti. This initiative aims to enhance brand advertisers' capabilities in managing and optimizing retail media campaigns, particularly as consumer behavior shifts towards online shopping. A joint report with Forrester revealed that 76% of brand advertisers in North America view retail media advertising as crucial for business growth. Criteo positions itself as a leader in the Commerce Media Platform sector, focusing on maximizing sales and advertising returns.
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