Criteo Stock Price, News & Analysis

Criteo S.A. (NASDAQ: CRTO) launched Commerce Max, a self-service demand-side platform designed for enterprise marketers, in collaboration with Best Buy and GroupM. This platform allows brands to engage audiences through targeted ads on retailer sites and off-site across the internet, leveraging Criteo's access to over four billion product SKUs. Marketers can utilize predictive AI for optimized ad performance and real-time reporting. Commerce Max has entered a testing phase and is expected to roll out to select markets in 2023.

Criteo S.A. (NASDAQ: CRTO) has announced the rescheduling of its 2022 Investor Day to October 31, 2022, in New York City. The event aims to provide insights into Criteo's mid-term financial outlook, featuring presentations from the executive leadership team at 8:30 AM Eastern Time, followed by a Q&A session. Additionally, the company will participate in two investor conferences: Citi's 2022 Global Technology Conference on September 7 and Benchmark's Conference on September 8, where one-on-one meetings will be held.

LiveRamp (NYSE: RAMP) reported total revenue of $142 million for Q1 FY2023, marking a 19% increase year-over-year. Subscription revenue rose 20% to $116 million, representing 81% of total revenue. GAAP gross margin remained stable at 71%, while non-GAAP gross margin decreased by 1 percentage point to 75%. The company recorded a GAAP operating loss of $26 million and a non-GAAP operating income of $4 million. LiveRamp repurchased $80 million worth of shares year-to-date. FY2023 revenue guidance is set between $590 million and $600 million, projecting 12% to 13% growth.

Criteo has completed its acquisition of IPONWEB for $250 million, enhancing its Commerce Media Platform. This acquisition is expected to elevate marketing capabilities and expand monetization for media owners. In Q2 2022, Criteo reported revenues of $495 million, down 10% year-over-year, but gross profit increased by 1% to $185 million. Net income rose to $18 million. The company anticipates sustainable growth despite macroeconomic challenges and reported a significant cash position of $563 million as of June 30, 2022.

Kioxia Corporation announced its collaboration with Aerospike to enhance the Aerospike Server Community Edition database. This collaboration resulted in a 36% increase in application performance when using KIOXIA FL6 Series enterprise NVMe™ Storage Class Memory (SCM) SSDs. The SSDs are designed for high endurance and are currently in mass production, with capacities up to 3,200 GB. Detailed results will be shared during Kioxia's keynote at the Flash Memory Summit on August 2.

KIOXIA America has announced a collaboration with Aerospike to enhance the Aerospike Community Edition database, achieving a 36% increase in application performance. This enhancement utilized KIOXIA's FL6 Series NVMe Storage Class Memory (SCM) SSDs, demonstrating significant improvements in application efficiency. The FL6 drives are mass-produced, capable of 60 DWPD endurance, and available in capacities up to 3,200 GB. This partnership highlights KIOXIA's commitment to creating innovative storage solutions that improve performance for latency-sensitive applications.

Criteo S.A. (NASDAQ: CRTO) will announce its financial results for the second quarter ending June 30, 2022, on August 3, 2022. CEO Megan Clarken and CFO Sarah Glickman will lead a conference call at 8:00 AM ET to discuss the results, joined by Chief Product Officer Todd Parsons for a Q&A session. Investors can access the call using specified dial-in numbers. The event will also be available via live webcast on Criteo's investor relations website, ensuring transparency and accessibility for stakeholders.

Flowdesk has successfully raised $30 million from notable investors such as Eurazeo, Aglaé Ventures, and Coinbase, among others. Founded in 2020, Flowdesk specializes in crypto-asset trading solutions and market-making services, currently employing 35 people. As a pioneer in its field, Flowdesk has registered with the AMF to comply with strict regulations. The company plans to expand its team to 100 and enhance its trading infrastructure to meet increasing demand, particularly in Europe, Asia, and North America.

Criteo S.A. (NASDAQ: CRTO) announces a favorable ruling from the French Competition Authority, reinstating its partnership with Meta following a complaint initiated in September 2019. As a result, Criteo regains its ad buying capabilities on Facebook and Instagram, ensuring fair competition. The decision includes commitments from Meta to re-establish Criteo's partner status and allow access to the bidding API. This aims to create a level playing field in the industry and prevent self-preferencing by Meta. Criteo expresses optimism about collaborating with Meta to enhance ad inventory for clients.