Welcome to our dedicated page for Criteo news (Ticker: CRTO), a resource for investors and traders seeking the latest updates and insights on Criteo stock.
Criteo S.A. (CRTO) is a global commerce media leader specializing in data-driven advertising solutions for retailers and brands. This page aggregates official company announcements, financial reports, and market-moving developments related to its ad-tech innovations and commerce media partnerships.
Investors and industry professionals will find curated updates on earnings releases, strategic collaborations, and technology advancements within Criteo's Retail Media and Performance Media segments. The repository serves as a definitive source for tracking the company's progress in personalized advertising, predictive analytics, and cross-channel campaign optimization.
Content highlights include notifications about new platform features, partnership expansions, and industry recognition across Criteo's global operations. All materials are sourced directly from company communications to ensure accuracy and timeliness for stakeholders monitoring the evolving digital advertising landscape.
Bookmark this page for streamlined access to CRTO's latest business milestones and operational updates. Check regularly for developments impacting commerce media strategies and performance marketing technologies.
Criteo S.A. (NASDAQ: CRTO) announced its acquisition of Brandcrush, an Australian company specializing in omnichannel retail media buying and selling. This acquisition aims to enhance Criteo's global omnichannel monetization solutions for retailers, enabling better management of media inventory across ecommerce and physical retail environments. The integration is expected to grow Criteo's client base significantly in the Asia-Pacific retail media market. Criteo now connects over 175 retailers and nearly 1,800 brands, positioning itself as a leader in retail media, addressing the rising demand for integrated advertising management.
The Trustworthy Accountability Group (TAG) announced a record 53% increase in companies achieving "TAG Platinum" status in 2023, rising to 23 companies from 15 the previous year. Companies like Amazon Advertising, Google, and The Trade Desk received this status by obtaining all three TAG certification seals: Certified Against Fraud, Certified Against Malware, and Brand Safety Certified. In total, 228 companies earned 317 seals in 2023, with 67% achieved through independent validation, up from 62% in 2022. TAG's CEO emphasized the importance of comprehensive protections against digital ad crime.
Criteo S.A. (NASDAQ: CRTO) announced the appointment of Rik van der Kooi as a Board observer, with plans to nominate him for election at the 2023 Annual Meeting of Shareholders. Van der Kooi has over a decade of experience in building profitable global advertising businesses, having most recently led Microsoft's advertising division from 2010 to 2022. His leadership contributed to the growth of Microsoft's advertising business to a remarkable $10 billion. Criteo's Chairwoman and CEO expressed excitement about Van der Kooi's transformative leadership and industry expertise, highlighting the importance of his role as the company focuses on enhancing its Commerce Media strategy.
Transform Materials announced the appointment of David Fox as chief commercial officer and promotion of Alex Shanosky to vice president of business development, aiming to enhance its global commercial presence. This strategic move reinforces Transform's commitment to decarbonizing industrial sectors via its innovative microwave plasma technology, which converts natural gas into acetylene and hydrogen without CO2 emissions. Fox's experience from Criteo and Shanosky's decade in the industrial gas sector are expected to drive new projects in industrial gas, transportation, chemicals, and advanced materials.
NoFraud has appointed Scott Gifis as its new CEO, effective immediately. Gifis has a strong track record leading high-growth companies, including Frame.io, which was acquired by Adobe for $1.3 billion. His vision for NoFraud focuses on enhancing the eCommerce experience by reducing friction and fraud, driving growth for merchants. Under his leadership, NoFraud aims to unveil a robust product pipeline and growth strategy in 2023, with existing clients, such as Sony and Monoprice, reporting up to a 5% sales increase post-implementation. Founder Isaac Gurary will transition to a board member role.
Criteo S.A. (NASDAQ: CRTO) announced its participation in the Morgan Stanley Technology, Media & Telecom Conference, scheduled for March 8, 2023, at 11:35 AM Eastern Time. CEO Megan Clarken and CFO Sarah Glickman will present at the event. A live audio webcast will be accessible on the company's investor relations website, with a replay available afterward. Criteo is a leading global commerce media company, connecting 22,000 marketers to drive effective advertising and enhance consumer experiences from product discovery to purchase.
The Mobile Advertising Market, as analyzed by Technavio, is projected to grow by USD 290.16 billion from 2022 to 2027, with a CAGR of 12.54%. The market was valued at USD 197.46 billion in 2017. Major growth drivers include the increase in in-app advertising, video advertisements, and the rise of social media. Notably, the APAC region is expected to account for 49% of market growth. Key vendors include Alphabet Inc., Criteo, and AppLovin Corp.. However, privacy and security concerns pose challenges to market expansion.
Criteo S.A. (NASDAQ: CRTO) reported its Q4 and FY 2022 financial results, revealing a 14% revenue decrease year-over-year for Q4, totaling $564 million, and an 11% decline for the fiscal year, amounting to $2.017 billion. Despite these declines, gross profit increased by 1% in Q4 to $247 million, with a 44% gross profit margin. Notably, free cash flow rose 19% to $200 million in 2022. Criteo targets high-single-digit to low-double-digit growth in 2023 and plans to continue investing in its Retail Media segment. The company repurchased $136 million worth of shares in 2022, reflecting a strong focus on enhancing shareholder value.
LiveRamp (NYSE: RAMP) reported Q3 fiscal 2023 results, achieving total revenue of $159 million, a 13% increase year-over-year. Subscription revenue rose by 14% to $126 million, now 80% of total revenue. Despite a GAAP operating loss of $24 million, non-GAAP operating income improved to $26 million. The company generated $16 million in operating cash flow and extended its share repurchase program by $100 million. LiveRamp anticipates revenue between $595 million and $600 million for fiscal 2023, marking a 13% increase year-over-year. The company maintains a strong customer base with 910 subscription customers and a CRPO of $324 million.
Criteo has entered a multi-year partnership with LTIMindtree to enhance its IT service quality and business agility. This collaboration aims to support Criteo's global operations, focusing on its Microsoft Azure Cloud environment and the development of a unified data platform. In the first year, the engagement has successfully validated LTIMindtree's capabilities in delivering superior digital solutions, promoting innovation and sustainable growth. Criteo's VP of Internal IT highlighted the importance of modernizing their IT systems to thrive in today’s fast-paced business landscape.
