Criteo S.A. (NASDAQ:CRTO) Q4 2023 Earnings Conference Call February 7, 2024 8:00 AM ET Company Participants Melanie Dambre - Vice President of Investor Relations Megan Clarken - Chief Executive Officer Sarah Glickman - Chief Financial Officer Todd Parsons - Chief Product Officer Conference Call Participants Justin Patterson - KeyBanc Ygal Arounian - Citigroup Richard Kramer - Arete Research Mark Zgutowicz - Benchmark Company Mark Kelley - Stifel Operator Good morning, everyone and welcome to Criteo's Fourth ...

For the quarter ended December 2023, Criteo S.A. (CRTO) reported revenue of $316.38 million, up 11.6% over the same period last year. EPS came in at $1.52, compared to $0.84 in the year-ago quarter.The reported revenue represents a surprise of +5.34% over the Zacks Consensus Estimate of $300.35 million. With the consensus EPS estimate being $1.24, the EPS surprise was +22.58%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Stre ...

NEW YORK, Jan. 24, 2024 /PRNewswire/ -- Criteo S.A. (NASDAQ: CRTO), the Commerce Media company, will announce its financial results for the fourth quarter and fiscal year ended December 31, 2023, on Wednesday, February 7, 2024. On that day, Megan Clarken, Chief Executive Officer, and Sarah Glickman, Chief Financial Officer, will host a conference call at 8:00 AM ET, 2:00 PM CET to discuss these results. They will be joined by Todd Parsons, Chief Product Officer, for the Q&A session. To access the conference ...

Criteo will support both demand and supply-side advertising offerings to drive measurable commerce outcomes for Albertsons Media Collective's CPG brand and agency partners NEW YORK, Jan. 9, 2024 /PRNewswire/ -- Criteo (Nasdaq: CRTO), the commerce media company, today announced a new partnership with Albertsons Media Collective, the retail media arm for the Albertsons Companies (NYSE: ACI), to enhance its cutting-edge retail media network. As Criteo continues to extend its leadership in the consumer-packaged ...

Company also welcomes Stephen Howard-Sarin to lead Retail Media in the Americas and round out its roster of retail media talent NEW YORK, Jan. 3, 2024 /PRNewswire/ -- Criteo (NASDAQ: CRTO), the commerce media company, today announced the appointment of Melanie Zimmermann to lead its global retail media practice. As General Manager, Global Retail Media, she will be responsible for further building and scaling Criteo's retail media business and developing its sales strategy worldwide to better support evolvin ...

Criteo S.A. (NASDAQ:CRTO) Q3 2023 Earnings Conference Call November 2, 2023 8:00 AM ET Company Participants Melanie Dambre - Vice President of Investor Relations Megan Clarken - Chief Executive Officer Sarah Glickman - Chief Financial Officer Todd Parsons - Chief Product Officer Conference Call Participants Mark Kelley - Stifel Ygal Arounian - Citigroup Katy Ansel - JPMorgan Matthew Cost - Morgan Stanley Matthew Thornton - Truist Securities Operator Good morning, everyone and welcome to Criteo's Third Qua ...

CRITEO CRITEO November 2, 2023 This presentation contains "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are based on our management's beliefs and assumptions and on information currently available to them. All statements other than present and historical facts and conditions contained in this presentation, including statements regarding our possible or assumed future results o ...

This Form 10-Q may contain market data and industry forecasts that were obtained from industry publications. These data and forecasts involve a number of assumptions and limitations, and you are cautioned not to give undue weight to such information. We have not independently verified any third-party information. While we believe the market position, market opportunity and market size information included in this Form 10-Q is generally reliable, such information is inherently imprecise. Item 1. Financial St ...

Financial Data and Key Metrics Changes - The company reported revenue of $469 million and Contribution ex-TAC of $240 million for Q2 2023, reflecting a year-over-year growth of 13% at constant currency, following a 7% growth in Q2 2022 [29][30] - The net loss for Q2 2023 was $2 million, with a diluted net loss per share of $0.05 and adjusted diluted EPS of $0.49 per share [33][34] - The company expects adjusted EBITDA between $58 million and $62 million for Q3 2023, reflecting dilution from Iponweb [35][36] Business Line Data and Key Metrics Changes - Retail Media revenue was $45 million, with Contribution ex-TAC growing 20% at constant currency to $44 million, and up 62% on a two-year stack basis [51] - Marketing Solutions revenue was $395 million, with Contribution ex-TAC at $168 million, driven by strong growth in Commerce Audiences, which increased by 41% year-over-year [30][52] - Retargeting was down 15% year-over-year, while Commerce Audiences represented close to half of Contribution ex-TAC, up from a third a year ago [16][30] Market Data and Key Metrics Changes - The travel vertical performed well, up 36% in Q2 2023, and 111% on a two-year stack basis [31] - Retail online transactions were lower across all regions in Q2 compared to last year, with specific impacts noted in France due to temporary government measures [30][58] - Retail Media spend driven by agencies grew over 50% in the U.S. during the quarter [42] Company Strategy and Development Direction - The company is focused on transforming into a Commerce Media powerhouse, with the integration of Iponweb and the launch of new platforms like Commerce Max and Commerce Grid [13][14] - The strategy includes leveraging first-party data and AI to enhance advertising effectiveness and client engagement [27][28] - The company aims to capitalize on the growing demand for Commerce Audiences and expand its footprint in adjacent commerce verticals [41][52] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about the remainder of the year, anticipating high-single-digit to low-double-digit Contribution ex-TAC growth at constant currency in 2023 [1][2] - The company noted that while Q2 saw lower growth, there were strong signs of recovery in July, with expectations for improved performance in the second half of the year [5][59] - Management highlighted the importance of measurement and standards in Retail Media to drive advertiser confidence and budget allocation [48] Other Important Information - The company has a strong financial position with $747 million in total liquidity and no long-term debt, allowing for significant flexibility in growth and capital allocation strategies [54] - The company expects to generate positive free cash flow in the second half of the year, aligning with seasonal business trends [54][55] - The anticipated normalized tax rate for 2023 is around 25% [34] Q&A Session Summary Question: Insights on Retail Media and lower spend across segments - Management acknowledged lower spend in the retail sector, particularly in France, due to government measures, but noted an acceleration in growth in July [4][58] Question: Future growth expectations for Commerce Audiences - Management expects Contribution ex-TAC growth of 25% to 30% as advertisers shift budgets towards full-funnel activation, with no expected signal loss impact in the second half of the year [62] Question: Impact of in-housing on Retail Media - Management discussed the trend of large retailers in-housing capabilities, emphasizing that Criteo can provide a platform for those who do not wish to manage everything internally [66][78] Question: Updates on the Uber partnership - Management expressed excitement about the relationship with Uber, highlighting its potential to extend beyond retail media into broader commerce opportunities [86][100] Question: Expectations for the Commerce Max launch - Management confirmed a strong pipeline of committed campaign spend for Commerce Max, with expectations for gradual ramp-up post-launch [129][130]

Note 18. Subsequent Events The Company evaluated all subsequent events that occurred after June 30, 2023 through the date of issuance of the unaudited condensed consolidated financial statements and determined there are no significant events that require adjustments or disclosure. 31 Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations. The following discussion should be read in conjunction with the unaudited condensed consolidated financial statements and related no ...