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. (NASDAQ: CRTO) is a software publisher and ad-tech company that describes itself as the global platform connecting the commerce ecosystem for brands, agencies, retailers, and media owners. Its AI-powered advertising platform operates in the digital advertising and commerce media space, with access to more than $1 trillion in annual commerce sales data that supports personalized and performance-driven campaigns.
This news page aggregates company announcements, partner releases, and market updates related to Criteo. Readers can follow developments such as the company’s intention to transfer its legal domicile from France to Luxembourg via a cross-border conversion, plans to replace its American Depositary Shares structure with ordinary shares directly listed on Nasdaq, and subsequent communications about shareholder meetings and regulatory steps connected to that process.
News coverage also includes financial results and outlook, where Criteo reports quarterly performance, discusses metrics like Contribution ex-TAC and Adjusted EBITDA, and provides commentary on its Retail Media and Performance Media segments. Operational updates may highlight media spend trends, changes in operating expenses, and capital allocation decisions such as share repurchases.
In addition, this page captures strategic partnerships and leadership changes. Examples include multi-year collaborations, such as Criteo’s partnership with DoorDash to scale advertising across DoorDash’s marketplace, and technology integrations like being named Google’s first onsite retail media partner for Search Ads 360. Leadership and organizational updates, including senior executive appointments and promotions, are also reflected in the news flow.
Investors, analysts, and industry observers can use this page to monitor how Criteo evolves its AI-powered advertising platform, expands its retail media network, and progresses through its announced redomiciliation plans. Regular visits provide a consolidated view of Criteo’s official press releases and related third-party announcements.
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.
Skai has partnered with Analytic Index to enhance marketing strategies through advanced analytics for retail search and sales. This collaboration enables brands and agencies to gain immediate insights into organic and paid search data across major retailers like Amazon, Walmart, and Target, without needing first-party data. Skai's platform will integrate these insights, allowing advertisers to optimize campaigns efficiently. The partnership aims to bridge data gaps created by privacy regulations and complex consumer journeys, providing a competitive edge in the retail media landscape.
InMarket has announced the appointments of Joshua Koran as Chief Product Officer and Neal Bonner as Senior Vice President, Insights and Analytics, aiming to enhance its growth and innovation in consumer-focused digital marketing. Koran, a seasoned expert with over 25 years of experience, will lead product strategy and innovation, previously holding senior roles at companies like Criteo and Yahoo!. Bonner comes from Nielsen and will drive data analytics efforts. These changes are poised to improve Return on Advertising Spend (ROAS) and support InMarket's proven marketing solutions amid evolving economic conditions.
On January 26, 2023, Skai released its Q4 2022 Digital Marketing Quarterly Trends report, highlighting significant growth in ad volume across channels while prices dropped. Total impressions in paid social rose by 57% YoY, and retail media and paid search increased by 45% and 22% YoY, respectively. Despite higher spending in Q4, lower ad prices resulted in reduced growth rates compared to previous quarters. Notably, 79% of paid social advertisers experienced lower CPM rates, and 53% and 48% in retail media and paid search, respectively. The infographic offers additional insights into spending patterns and market dynamics.
Button has driven over $6 billion in mobile commerce and is poised to double this figure in 2023. On January 25, 2023, Button announced the appointment of Michael Montesano as SVP of Engineering, positioning itself for further growth amidst evolving market challenges. The company reported its fastest growth in history, attributed to its cookieless personalization solutions amidst changing privacy regulations. Montesano's extensive experience leading large engineering teams, including at Yahoo and Affinity.co, is expected to accelerate Button's development and enhance its growth strategy. Button continues to be recognized as a leading workplace and growth marketing platform.