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) and Magnite (NASDAQ: MGNI) have formed a preferred relationship to enhance Criteo's retailer partners' capabilities in Connected TV (CTV) advertising. This collaboration enables retailers to extend their audiences into CTV, providing closed-loop measurement for brand partners. With projected growth rates of 27.2% for CTV and 20.5% for retail media, the partnership aims to drive revenue for retailers. Criteo's Commerce Max platform, designed for enterprise brands, will integrate Magnite's CTV expertise, enhancing advertising effectiveness.
Criteo S.A. (NASDAQ: CRTO) announced an extension of its share repurchase program, increasing the authorization from $280 million to $480 million. CEO Megan Clarken highlighted this move as a demonstration of the company's confidence in its business strategy and its commitment to enhance shareholder value. The repurchased shares will be used to meet employee equity obligations, limiting dilution for shareholders, and potentially fund future acquisitions. Purchases will depend on market conditions and are subject to regulatory compliance.
Criteo S.A. (NASDAQ: CRTO) announced its participation at the UBS Global TMT Conference, scheduled for December 6, 2022, at 3:00 PM Eastern Time. CEO Megan Clarken and CFO Sarah Glickman will present, with a live audio webcast accessible on the company's investor relations website. A replay will be available post-event. Criteo focuses on connecting marketers and media owners to enhance commerce outcomes through its advanced Commerce Media Platform.
Pelico, a factory operations SaaS platform, has raised
LiveRamp reported Q2 fiscal 2023 revenue of $147 million, up 16%, with subscription revenue at $120 million, rising 14%. The GAAP operating loss was $29 million compared to $6 million last year. Non-GAAP operating income improved to $17 million. Share repurchases totaled $100 million this fiscal year. The company raised its fiscal 2023 revenue guidance to between $595 million and $600 million, reflecting a 13% increase year-over-year. The non-GAAP operating income guidance is now $60 million.
Contentsquare has announced three significant new appointments aimed at enhancing its IT organization and social impact initiatives. Martin Decrême joins as Chief Information Officer to implement a Business Intelligence program, while Judicaël Phan becomes VP of Digital Trust and Global Data Protection Officer, focusing on privacy and ethics. Emily Bove is appointed VP of Philanthropy to lead the company's social impact efforts. These roles are pivotal for Contentsquare’s mission to deepen customer trust and extend its impact in digital analytics.
Criteo S.A. (NASDAQ: CRTO) outlined its long-term growth strategy and 2025 financial outlook during the Investor Day on Oct. 31, 2022. The company targets to triple its Retail Media business in the next three years. CEO Megan Clarken emphasized their differentiating technology and integrated solutions. Key topics included progress in transforming from a retargeting business to a multi-product platform, a renewed client-centric approach, and growth drivers in retail media. A live webcast of the event is available for replay on their investor site.
Criteo (NASDAQ: CRTO) announced its Q3 2022 financial results, reporting a 12% year-over-year revenue decline to $447 million. Despite this, gross profit increased by 2% to $180 million, resulting in a gross profit margin of 40%. Net income fell 73% to $7 million, marking $0.10 per share. Adjusted EBITDA decreased by 27% to $50 million. The company's acquisition of Iponweb, completed in August 2022, is part of its strategic focus on enhancing product offerings and client integration.
Criteo S.A. (NASDAQ: CRTO) will announce its third-quarter financial results on October 28, 2022. The call will be led by CEO Megan Clarken and CFO Sarah Glickman at 8:00 AM ET. Investors can access the call using the provided dial-in numbers. Additionally, Criteo will host its 2022 Investor Day on October 31, 2022, in New York City, featuring presentations from the executive team followed by a Q&A session. Details will be available on the company's investor relations website.
Aqemia has successfully raised €30 million in a Series A funding round, co-led by Eurazeo and Bpifrance. This capital will enhance its drug discovery platform, focusing on oncology and immuno-oncology. Over three years, the company has expanded from a spin-off to a team of 50, collaborating with major pharmaceutical firms like Sanofi and Janssen. Their unique AI technology enables rapid generation of drug candidates while significantly reducing costs and time. The funding reflects confidence in Aqemia's ability to innovate drug discovery through advanced computational methods.
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