Financial Data and Key Metrics Changes - Revenue for Q1 2024 was $450 million, with Contribution ex-TAC increasing to $254 million, reflecting a year-over-year growth of 17% at constant currency [64][99] - Adjusted diluted EPS was $0.80, up 60% year-over-year, indicating strong financial performance [48][52] - Adjusted EBITDA was $71 million, up 83% year-over-year, driven by operational leverage and cost discipline [97] Business Line Data and Key Metrics Changes - Retail Media segment revenue was $51 million, with Contribution ex-TAC growing 34% at constant currency to $50 million, primarily driven by the US, Germany, and the UK [65][66] - Performance Media revenue was $399 million, with Contribution ex-TAC at $204 million, up 13% at constant currency, and Commerce Audiences Targeting grew 54% year-over-year [6][64] Market Data and Key Metrics Changes - The company added over 100 new brands in Q1, with agency spend reaching about $100 million for the first time, indicating strong market traction [55][66] - Retail Media is expected to continue gaining market share, with 38% year-over-year growth in activated media spend [53] Company Strategy and Development Direction - The company is focused on transforming into a commerce media powerhouse, leveraging AI-driven performance and expanding its Retail Media presence [33][40] - The strategy includes investing in high-ROI organic investments and value-enhancing acquisitions while returning capital to shareholders through a share buyback program [68][99] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's strategy and business model, anticipating continued success and strong performance in Retail Media [11][33] - The delay in cookie deprecation is seen as an opportunity to enhance performance and develop innovative solutions [42][76] Other Important Information - The company plans to repurchase $150 million of stock in 2024, with $62 million already deployed in Q1 [8] - The company has a robust balance sheet with $805 million in total liquidity, providing significant financial flexibility [98] Q&A Session Summary Question: How is cookie deprecation impacting annual guidance? - Management indicated that the delay in cookie deprecation provides an opportunity to enhance performance and develop innovative solutions, with an estimated impact of about $35 million for 2024 [14][76] Question: What is the outlook for retargeting growth? - Management noted that retargeting remains a resilient tactic, with growth driven by AI enhancements and partnerships, and expects continued performance without significant impact from signal loss [75][80] Question: What are the competitive dynamics in Retail Media? - Management highlighted a fragmented competitive environment, with the company moving ahead of smaller players and focusing on serving existing clients to attract more market share [88][120] Question: How is the agency channel performing? - Management reported strong traction in the agency channel, with significant growth in agency spend and partnerships, indicating a positive trend for Retail Media [114][126]

Criteo S.A. (CRTO) reported $253.89 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 15.1%. EPS of $0.80 for the same period compares to $0.46 a year ago.The reported revenue represents a surprise of +3.17% over the Zacks Consensus Estimate of $246.1 million. With the consensus EPS estimate being $0.61, the EPS surprise was +31.15%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determi ...

| --- | --- | --- | |-------|--------------------------------|------------| | 2024 | March 31, \n2023 | YoY Change | | | (in millions, except EPS data) | | | $450 | $445 | 1% | | $217 | $182 | 20% | | $9 | $(12) | 171% | | 48% | 41% | 7 ppt | | $0.12 | $(0.21) | 157% | | $14 | $42 | (67)% | | $267 | $306 | (13)% | | | | | | $254 | $221 | 15% | | $71 | $39 | 83% | | $0.80 | $0.50 | 60% | | $1 | $9 | (91)% | | 1% | 23% | (22) ppt | Operating Highlights • We nominated Ernst Teunissen for election to the Board ...

Stocks hitting their 52-week high and delivering consistent performance offer attractive opportunities to investors while building a portfolio. This is because stocks near that level are perceived to be winners. However, stocks touching a new 52-week high are often predisposed to profit-taking, resulting in pullbacks and trend reversals.Moreover, given the high price, investors often wonder if the stock is overpriced. While the speculations are not absolutely baseless, all stocks hitting a 52-week high are ...

The latest trading session saw Criteo S.A. (CRTO) ending at $35.60, denoting a -0.68% adjustment from its last day's close. The stock's change was less than the S&P 500's daily gain of 1.2%. Meanwhile, the Dow experienced a rise of 0.69%, and the technology-dominated Nasdaq saw an increase of 1.59%.Coming into today, shares of the company had gained 1.4% in the past month. In that same time, the Computer and Technology sector lost 6.83%, while the S&P 500 lost 4.16%.The investment community will be paying c ...

Criteo S.A. (CRTO) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this company have returned +1%, compared to the Zacks S&P 500 composite's -4% change. During this period, the Zacks Internet - Software and Services industry, which Criteo falls in, has lost 9.6%. The key question now is: What could be the stock's future direction?Whil ...

Criteo S.A. (CRTO) closed at $34.36 in the latest trading session, marking a +0.91% move from the prior day. The stock outperformed the S&P 500, which registered a daily loss of 0.22%. Meanwhile, the Dow gained 0.06%, and the Nasdaq, a tech-heavy index, lost 0.52%.The company's shares have seen a decrease of 3.65% over the last month, not keeping up with the Computer and Technology sector's loss of 1.64% and the S&P 500's loss of 1.66%.Market participants will be closely following the financial results of C ...

NEW YORK, April 18, 2024 /PRNewswire/ -- Criteo S.A. (NASDAQ: CRTO), the commerce media company, today announced the publication of its 2023 Corporate Social Responsibility Report (CSR Report). The report highlights recent achievements in Criteo's continued commitment to fostering a diverse and inclusive culture that drives creative collaboration, and sustainable change across the AdTech industry. Megan Clarken, Criteo's Chief Executive Officer, said: "Sustainability is a journey we are deeply dedicated to, ...

NEW YORK, April 18, 2024 /PRNewswire/ -- Criteo S.A. (NASDAQ: CRTO), the Commerce Media company, will announce its financial results for the first quarter ended March 31, 2024, on Thursday, May 2, 2024. On that day, Megan Clarken, Chief Executive Officer, Todd Parsons, Chief Product 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. To access the conference call, please use the following dial-in numbers and ask to be joined ...

Expects to return a record $150 million of capital to shareholders in 2024 To provide Retail Media business update in fall 2024 NEW YORK, April 16, 2024 /PRNewswire/ -- Criteo S.A. (NASDAQ: CRTO), the commerce media company ("Criteo" or the "Company"), today announced the nomination of Ernst Teunissen to stand for election to its Board of Directors as a new independent director at Criteo's 2024 Annual General Meeting of Shareholders ("AGM"). Ernst Teunissen has over 30 years of experience in online advertis ...