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.
EasyVista announces the full transition of Patrice Barbedette as Global CEO, marking a new phase of growth following 30% revenue growth in 2021. EasyVista aims to double its revenue by 2025, leveraging strategic acquisitions and an expanded leadership team. The company has successfully increased its customer base to over 3,200 and completed acquisitions of Goverlan and ServiceNav. Barbedette, along with newly appointed CTO Michael Cohen and CFO Pauline Caillard, will focus on enhancing innovation and customer experience while continuing to attract new talent.
Criteo S.A. (NASDAQ: CRTO) reported Q1 2022 results showing revenue of $511 million, a 6% drop from Q1 2021, while gross profit increased by 3% to $184 million. Net income fell 9% to $21 million, with diluted EPS at $0.32. Adjusted EBITDA decreased 17% to $63 million, but free cash flow rose 9% to $69 million. Retail Media achieved a 48% growth in contribution ex-TAC year-over-year. Criteo ended the quarter with $589 million in cash and cash equivalents, and total financial liquidity of approximately $1 billion. The company continues to invest in its Commerce Media Platform.
Criteo S.A. (NASDAQ: CRTO) has published its 2021 Corporate Social Responsibility Report. The report highlights the company's efforts in promoting Diversity, Equity, and Inclusion (DEI), achieving full pay parity, and signing an LGBTQIA+ charter. Criteo also aims to reduce its environmental footprint by utilizing decarbonized energy sources in data centers. Additionally, the company is aligning its practices with the UN Sustainable Development Goals and enhancing its transparency in ESG disclosures.
Criteo S.A. (NASDAQ: CRTO) will announce its financial results for the first quarter ended March 31, 2022, on May 4, 2022. The announcement will be followed by a conference call featuring CEO Megan Clarken, Chief Product Officer Todd Parsons, and CFO Sarah Glickman at 8:00 AM ET. To participate, dial +1 855 209 8212 in the U.S. or +1 412 317 0788 internationally. The call will also be broadcast live on Criteo's website for replay.
Criteo S.A. (NASDAQ: CRTO), a leading global technology company, announced that Todd Parsons, Chief Product Officer, will present at the BMO Digital Advertising Summit on March 2, 2022, at 9:00 AM Eastern Time. A live audio webcast will be available on the company’s investor relations website, with a replay accessible after the event. Criteo partners with over 22,000 marketers and thousands of media owners, utilizing the largest set of commerce data to enhance advertising experiences and drive commerce outcomes. For more details, visit www.criteo.com.
Criteo S.A. (NASDAQ: CRTO) announced that CEO Megan Clarken and CFO Sarah Glickman will present at the Morgan Stanley Technology, Media & Telecom Conference on March 10, 2022, at 11:00 AM Eastern Time. A live audio webcast of the presentation will be available on the Company’s investor relations website, with a replay accessible afterward. Criteo is a global technology company providing a leading Commerce Media Platform, partnering with over 22,000 marketers globally to enhance commerce outcomes.
Criteo (NASDAQ: CRTO) announced a partnership with Michaels, North America's largest arts and crafts retailer, to enhance retail media advertising. This collaboration allows brands and agencies within Criteo's ecosystem to engage Michaels' vast customer base, improving product discovery through non-intrusive ads. The partnership supports Michaels' digital transformation with solutions like sponsored products and display ads, aimed at unlocking new revenue streams. The deal positions Criteo strategically to expand its reach within the retail sector, leveraging its comprehensive retail media platform.
Onfido, a leader in identity verification, reported impressive growth for 2021, achieving over
Criteo (NASDAQ: CRTO) has appointed Brian Gleason as the new Chief Revenue Officer, effective April 1. He joins from GroupM, where he was Global Chief Commercial Officer, managing a multi-billion-dollar portfolio. Gleason will lead over 1,500 associates in driving outcomes through Criteo's Commerce Media Platform. CEO Megan Clarken highlighted the pivotal timing of this leadership change as Criteo pursues growth opportunities in the Commerce Media sector. Gleason aims to help clients maximize their potential in the evolving landscape of online media.
CommerceIQ reported record growth for 2021, achieving a 106% year-over-year revenue increase and a 113% rise in customers served. The company doubled its headcount, hiring key executives to fuel further growth. Notable partnerships, like the integration with Instacart, and recognition in major analyst reports highlight its market position. With 70% of customers increasing their investments and a significant international footprint, CommerceIQ is poised for continued success in 2022, aiming to further innovate in ecommerce management.
FAQ
What is the current stock price of Criteo S.A. (CRTO)?
What is the market cap of Criteo S.A. (CRTO)?
What does Criteo S.A. specialize in?
Where is Criteo headquartered?
How many countries does Criteo operate in?
What were Criteo’s financial highlights for Q3 2023?
What is Criteo's Commerce Media Platform?
How many employees does Criteo have?
What recent partnership did Criteo announce?
What are Criteo's future growth plans?
What accreditation has Criteo recently achieved?
What are Criteo's core services?
