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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) has been recognized as a Challenger in the September 2020 Gartner Magic Quadrant for Ad Tech, which evaluates technology vendors in digital advertising management across various channels. The company was previously acknowledged by IDC as the leading independent AdTech firm. According to Gartner, Challengers perform similarly to Leaders but often focus on specific strategies. Criteo holds a strong user rating of 4.7/5 on Gartner Peer Insights, showcasing its effectiveness in the ad tech market.
Criteo (NASDAQ: CRTO), a global technology company, announced that Megan Clarken, CEO, will present at the Goldman Sachs Communacopia Conference on September 16, 2020, at 10:30 am Eastern Time. A live audio webcast of the presentation will be available for listeners, and a replay will be posted on the company's investor relations website after the event. Criteo specializes in impactful advertising, leveraging advanced machine learning to serve over 20,000 clients worldwide.
Criteo S.A. (NASDAQ: CRTO) announced that CEO Megan Clarken will present at Deutsche Bank's Virtual Technology Conference on September 14, 2020, at 8:05 am Eastern Time. A live audio webcast of the presentation will be available online, and a replay will be accessible on Criteo's investor relations website shortly thereafter. Criteo, a key player in digital advertising, partners with over 20,000 customers globally, utilizing advanced machine learning to enhance advertising effectiveness.
Criteo S.A. (NASDAQ: CRTO) announced the appointment of Sarah Glickman as Chief Financial Officer, effective September 8. Glickman brings 30 years of experience in global finance and transformation, previously serving as Acting CFO of XPO Logistics. Her expertise includes corporate finance and operational performance, crucial for Criteo's ongoing transformation. CEO Megan Clarken expressed confidence in Glickman’s ability to drive growth. The press release also notes potential risks impacting Criteo’s business, particularly regarding technology innovation and the effects of the COVID-19 pandemic.
Criteo S.A. (NASDAQ: CRTO) has announced significant changes to its Board of Directors as of August 27, 2020. Co-founder and former CEO Jean-Baptiste Rudelle stepped down from the board, having previously relinquished his CEO position in November 2019 and chairmanship in July 2020. Megan Clarken, the current CEO, has been appointed to the board. This transition reflects Criteo's ongoing evolution and commitment to leveraging leadership to drive future growth.
Criteo (NASDAQ: CRTO) announced the appointment of Todd Parsons as Chief Product Officer, who will lead product design and innovation. With over 15 years in advertising technology, Parsons has previously held leadership roles at OpenX and SocialCode, emphasizing his expertise in programmatic advertising and consumer data. His experience is positioned to drive Criteo's transformation and enhance its advertising solutions. CEO Megan Clarken expressed excitement about Parsons’ addition to the leadership team as the company advances its diversification strategy.
Criteo S.A. (NASDAQ: CRTO) reported Q2 2020 revenue of $438 million, a 17% year-over-year decline, attributed largely to a $100 million negative impact from COVID-19. Revenue excluding Traffic Acquisition Costs was $180 million, a decrease of 20%. Net income fell 51% to $6 million, with diluted EPS at $0.09. Adjusted EBITDA declined 30% to $39 million. Despite challenges, cash flow from operating activities was $33 million, and free cash flow reached $15 million. Criteo maintains a strong cash position of $578 million and over $830 million in total liquidity, supporting ongoing operations.
Criteo S.A. (NASDAQ: CRTO) announced significant changes to its Board of Directors as of July 28, 2020. Co-founder and former CEO Jean-Baptiste Rudelle stepped down as Chairman but remains on the board. Rachel Picard, who joined the Board in June 2017, has been elected as the new Chairwoman, while James Warner, a board member since February 2013, was appointed Vice Chairman. These leadership changes come at a crucial time for Criteo, a global technology firm specializing in impactful advertising solutions for marketers.
Criteo S.A. (NASDAQ: CRTO) has announced a new partnership with Zaius Inc. to enhance targeting capabilities using first-party data. This partnership aims to improve return on ad spend (ROAS) and increase omnichannel revenue by allowing clients to create custom audiences. Criteo's advanced technology combines with Zaius' customer data management to help marketers effectively utilize their advertising budgets. The integration promotes personalized offers and better engagement across channels, enabling advertisers to connect with audiences at the right time and place.
Criteo S.A. (NASDAQ: CRTO) announced a revised financial outlook for Q2 2020 due to strong performance, particularly in the Americas and EMEA regions. The company now expects Revenue ex-TAC between $174 million and $175 million, down approximately 19% year-over-year, while Adjusted EBITDA is projected at $32 million to $33 million. This is an improvement from earlier estimates of $140 million to $147 million revenue and $0 to $7 million EBITDA. Criteo also anticipates positive Free Cash Flow for the quarter.
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