Core Insights - Instacart has expanded its partnership with The Trade Desk to enhance programmatic campaign performance using retail media data, allowing advertisers to create custom audiences based on specific product criteria [1][4][6] - The integration enables real-time sales measurement signals from Instacart to be accessed directly within The Trade Desk platform, facilitating closed-loop measurement for advertisers [5][6] Group 1: Partnership and Integration - The partnership allows approved advertisers to build first-party custom audiences and optimize campaigns mid-flight without the need for insertion orders [4][6] - Instacart is the first U.S. retail media network to integrate its grocery selection with The Trade Desk platform, streamlining self-service use cases for advertisers [1][4] Group 2: Advertising and Measurement - Advertisers can now measure the impact of Instacart audience segments on business outcomes, including attributed sales and return on ad spend (ROAS) [5][6] - The closed-loop reporting feature provides clear insights into sales impact, enabling media teams to optimize campaigns in real-time [5][7] Group 3: Market Position and Ecosystem - Instacart collaborates with over 7,000 active brands and 1,800 retail partners, simplifying the advertising process across fragmented retail networks [9] - The expanded functionality is part of Instacart's growing advertising ecosystem, which includes partnerships with major platforms like Google, Meta, and NBCUniversal [8][9]

Summary of Criteo Conference Call Company Overview - **Company**: Criteo - **Industry**: E-commerce, Digital Marketing, Media Monetization - **CEO**: Michael Komosinski, who joined earlier this year, previously held leadership roles at Dentsu and Merkel [2][3] Key Points and Arguments Competitive Advantages - Criteo is an independent ad tech player, providing value on both supply and demand sides of retail media [9] - The company has an unmatched supply footprint due to its early market entry with the Commerce Yield monetization platform [10] - Criteo's strategy focuses on reaccelerating growth, improving durability, and enhancing performance media execution [12] Growth Strategy - The company aims to identify white space in product segments and develop products rapidly to achieve consistent results [13] - Near-term opportunities include expanding product offerings in performance media and retail media, such as on-site video and native advertising [14][15] - Long-term goals involve advancements in technology for more efficient retail supply purchasing [15] Market Trends - The advertising industry is moving towards AI-driven automated marketing platforms, with Criteo's Commerce Go tool driving significant campaign volume growth [23][24] - The company reported a 45% quarter-on-quarter growth in its Commerce Audience segment [19] - Social media integrations, particularly with Meta, have shown a 40% sequential growth in 1Q [21] Financial Performance - Criteo maintains a 25% adjusted EBITDA margin guide, with a commitment to growth investments despite a lower revenue base [43] - The company is focused on organic growth and opportunistic M&A to accelerate its roadmap [46] Challenges and Risks - There are signs of softer macro trends affecting client spending, particularly in discretionary categories [41] - The company has reduced scope with its largest client, but believes this situation is unique and not likely to spread [38][40] Future Outlook - Criteo sees a $50 billion serviceable available market (SAM) by 2027 in retail media [29] - The company is optimistic about the integration with Microsoft advertising and expects to make announcements regarding this in the near future [33][34] Additional Important Content - The CEO emphasized the importance of execution and reliability in delivering consistent results to investors [12] - Criteo's focus on AI and data assets positions it well for future developments in the agentic shopping experience [27][28] - The company continues to repurchase shares as part of its capital allocation strategy, balancing growth investments with shareholder returns [46][47]

Creative Realities (CREX) Q1 2025 Earnings Call May 14, 2025 09:00 AM ET Company Participants Ryan Mudd - Interim CFORick Mills - CEOBrian Kinstlinger - MD, Director of Research & Head of Technology Research Conference Call Participants Cal Bartyzal - Equity Research AnalystHoward Halpern - Principal Equity Analyst Operator Good morning. This time, I would like to welcome everyone to Creative Realities twenty twenty five First Quarter Earnings Conference Call. This call will be recorded and a copy will be a ...

Financial Data and Key Metrics Changes - The company reported revenue of $9.7 million for Q1 2025, down from $12.3 million in Q1 2024, attributed to installation timing on several large projects [6][7] - Gross profit decreased to $4.5 million from $5.8 million year-over-year, with a gross margin of 46%, consistent with the prior year [7] - Annual recurring revenue (ARR) increased to a run rate of $17.3 million at the end of Q1 2025, up from $16.8 million at the start of the year [7] - Adjusted EBITDA remained stable at $500,000, with SG&A expenses down 11% to $5.2 million compared to $5.8 million in Q1 2024 [8][16] - The company’s gross and net debt rose to approximately $23.2 million and $22.1 million respectively, compared to $13 million and $12 million at the start of 2025 [16][18] Business Line Data and Key Metrics Changes - The company is engaged in multiple projects, including three MLB projects and a significant partnership with a well-known upscale quick service restaurant chain [11][20] - The BCTV project is progressing, with over 300 site installations completed and plans for an additional 200 sites starting in Q3 2025, expected to generate approximately $3 million in revenue [20][21] - The DigiPoint Media Network is set to deploy approximately 2,000 sites, potentially generating over $4 million in hardware and installation revenue [21] Market Data and Key Metrics Changes - The company has expanded its sports entertainment team and completed its largest deployment in an NHL arena, indicating strong momentum in this sector [19] - The company is actively pursuing opportunities in Mexico, with a POC scheduled for a top convenience store chain and discussions with major retailers [58][60] Company Strategy and Development Direction - The company aims to optimize its capital structure and manage debt while focusing on growth opportunities and improving margins [11][13] - The introduction of the AdLogic CPM platform is expected to enhance the company's position in the market, providing targeted campaign capabilities [14] - The company is committed to achieving SOC 2 Type 2 compliance by year-end, enhancing its credibility with enterprise customers [22] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about revenue acceleration beginning in Q2 2025 and expects adjusted EBITDA as a percentage of revenue to rise to 15% by year-end [13] - The company is confident in its pipeline of opportunities and the quality of its top prospects, despite global trade uncertainties [28][29] - Management noted that the sports and entertainment vertical has a high appetite for spending, with many clients looking to upgrade facilities [51] Other Important Information - The company has revamped its operations and warehouse facilities, increasing capacity to handle anticipated growth in the second half of the year [23][41] - The company is strategically using cash flow to manage debt and optimize its capital structure [11][17] Q&A Session Summary Question: Expectations for screen installs related to the large QSR win - Management expects to begin installations at 20 locations or more per month by the end of Q3 2025, with 600 out of 1,000 locations expressing interest in converting to digital [25][26] Question: Details on delays in the first quarter - Delays were due to three separate projects, not a broad-based issue, and management is seeing a reversal in the second quarter [27] Question: Pipeline of large procurements and impact of global trade uncertainty - Management is still progressing with discussions on large opportunities, with no current projects on hold due to tariffs [28][29] Question: Demand for the ad tech solution and improvements in attach rates - The ad tech market is in the early stages, with significant interest from large retail customers exploring media networks [31][33] Question: Insights on the sports and entertainment vertical - The vertical has a high appetite for spending, with many clients looking to enhance facilities and generate income from digital screens [51][52]

Core Viewpoint - URW has unveiled its 2025-28 business plan titled 'A Platform for Growth', targeting annual EBITDA growth of 5.80-6.60% during this period [1][2]. Financial Targets - The company aims for a Net Debt to EBITDA ratio of approximately 8.0x and a Loan-to-Value ratio of around 40% by 2028 [2][23]. - URW plans to distribute at least €3.1 billion in cumulative shareholder distributions from fiscal years 2025 to 2028, with a proposed distribution of €4.50 per share for fiscal year 2025, representing a 30% increase from 2024 [2][26]. Growth Drivers - The growth strategy is supported by dominant flagship retail assets in high-income markets in Europe and the US, which are expected to drive strong organic growth above indexation [3][10]. - Retail media expansion through Westfield Rise is anticipated to contribute significantly, with net income projected to reach €180 million by 2028, a 56% increase compared to 2024 [5][13]. - New licensing business revenues are expected to reach €25-35 million in annualized EBITDA by 2028, enhancing the Westfield brand's international presence [4][16]. Capital Allocation and Project Deliveries - URW has planned disposals of €2.2 billion in 2025 and early 2026, with €1 billion already secured, which will support disciplined capital allocation and cover capex requirements [5][17]. - Annual capex is projected to normalize at approximately €600 million from 2026 onwards, funded through organic cash flow generation [5][18]. Rental Income and Market Position - The company targets like-for-like Net Rental Income (NRI) growth of 260-330 basis points above indexation from 2025 to 2028, driven by increased footfall, sales intensity, and market share gains [8][10]. - URW's flagship Westfield destinations outperform peers in sales intensity by 26%, benefiting from prime locations and high customer traffic of over 900 million visits annually [9][28]. Deleveraging Strategy - By 2028, URW aims to reduce its Net Debt/EBITDA ratio to approximately 8.0x from 9.5x in 2024, supported by planned disposals and disciplined capital allocation [23][24].

Financial Data and Key Metrics Changes - Subscription revenue grew 15% in FX neutral terms in Q1 2025, reaching $52.6 million compared to $50.4 million in Q1 2024, a 4% increase in U.S. dollars [25][30] - Gross profit reached $41 million, a 22% growth in FX neutral terms, with a 3.7 percentage points margin increase year over year [5][30] - Non-GAAP operating income increased to $5.3 million, an 85% growth year over year, with a 4.2 percentage points margin increase [5][30] - Non-GAAP net income for Q1 2025 was $5.3 million, more than doubling year over year, with a 10% margin [29][30] - Free cash flow reached $6.6 million, compared to $1.6 million in the same quarter of the prior year, achieving a free cash flow margin of 12% [29][30] Business Line Data and Key Metrics Changes - Non-GAAP subscription gross margin reached 79%, up 191 basis points year over year, reflecting operational efficiency improvements [26][30] - Total gross margin rose to 76%, up 371 basis points year over year, driven by a lower mix of services revenue [26][30] Market Data and Key Metrics Changes - GMV for the quarter reached $4.3 billion, growing 8% year over year in U.S. dollars and 17% on an FX neutral basis [25][30] - The company continues to expand its presence in various markets, including new customer launches in Argentina, Brazil, Colombia, Ecuador, Spain, Mexico, and the U.S. [7][8] Company Strategy and Development Direction - The company is focusing on expanding its product suite and enhancing operational efficiency through AI and automation [6][43] - A strategic emphasis is placed on B2B commerce and retail media, with the acquisition of Newpeo to enhance retail advertising capabilities [13][30] - The company aims to evolve from a single platform to a comprehensive suite of commerce products, reinforcing its position as a trusted partner for global enterprises [12][30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's profitable growth trajectory despite macroeconomic volatility [30][54] - The company is targeting FX neutral year-over-year subscription revenue growth of 12.5% to 15.5% for Q2 2025 and 14% to 17% for the full year [30][54] - Management highlighted the importance of maintaining a disciplined approach to cost and expenses while focusing on customer value [57][30] Other Important Information - The company repurchased 2.7 million Class A common shares at an average price of $5.56 per share, totaling $15 million [29][30] - The company was recognized as a customer choice in the 2025 Gartner Voice of Customers for Digital Commerce report for the second consecutive year [11][12] Q&A Session Summary Question: Comment on subscription gross profit and sustainability of gains - Management noted a 190 basis point improvement in subscription gross margin, attributing gains to customer support optimization and the maturity of the partner ecosystem [35][36] Question: Areas seeing headcount reduction - Management indicated stability in headcount with minor changes primarily in the support area, not reflecting a trend [38] Question: Increase in R&D expenses - Management explained the increase in R&D expenses as a strategic investment in product development and innovation, particularly in B2B and retail media [42][43] Question: Update on U.S. expansion - Management confirmed ongoing momentum in U.S. sales, focusing on high-value enterprise customers and building durable relationships [46][47] Question: Macro situation in the U.S. and IT budgets - Management highlighted the company's resilience amid macroeconomic volatility, noting that enterprises are reassessing their technology infrastructure for cost efficiency [52][54] Question: Subscription revenue build-up by geography and category - Management provided qualitative insights, indicating Brazil's contribution to growth through new customer implementations [65] Question: Economics of retail media business - Management expressed confidence in the retail media business, emphasizing the connection between publishers and advertisers, and the rapid growth of the advertiser network post-acquisition [68][69]

Financial Data and Key Metrics Changes - Consolidated revenue for Q1 2025 was $8,200,000, a decrease of $14,100,000 compared to $22,300,000 in Q1 2024 [17] - Sell side revenue was $2,000,000 in Q1 2025, down from $16,500,000 in Q1 2024, primarily due to a decrease in impression inventory [17][18] - Buy side revenue increased approximately 6% to $6,100,000 compared to Q1 2024, driven by a $1,200,000 increase in spending from new verticals [18] - Gross profit decreased to $2,400,000 in Q1 2025 from $5,000,000 in the prior year, but gross margin improved to 29% from 22% [18] - Operating expenses were $6,300,000, a decrease of 19% or $1,500,000 compared to $7,800,000 in Q1 2024 [19] - Net loss for Q1 2025 was $5,900,000, or a loss per share of $0.35, compared to a net loss of $3,800,000 or a loss of $0.22 per share in Q1 2024 [19] Business Line Data and Key Metrics Changes - The buy side segment generated $6,100,000 in revenue, reflecting a 6% increase year-over-year [6][18] - Sell side revenue remained consistent at $2,000,000 compared to $2,700,000 in the previous quarter, indicating a stable performance despite previous disruptions [7] Market Data and Key Metrics Changes - The company continues to face challenges from a market discredited blog post that disrupted its supply side platform, Colossus SSP, affecting relationships with partners and advertisers [8][18] - The company is working to restore volumes to pre-disruption levels, with expectations for improvement in the second half of 2025 [9][14] Company Strategy and Development Direction - The company is focused on scaling its buy side solution and rebuilding its sell side business to drive consolidated revenue growth [6] - Initiatives include revenue optimization efforts, cost-saving measures, and the unification of buy side platforms to better serve small to mid-sized clients [10][12] - The company maintains a revenue guidance of $90,000,000 to $110,000,000 for the full year 2025, anticipating growth from both buy side and sell side segments [14][21] Management's Comments on Operating Environment and Future Outlook - Management acknowledges significant challenges in 2024 but believes the company is well-positioned with a revitalized model and strong demand for its services [14] - The second half of 2025 is expected to deliver strong gains as new direct sell side partners come online [14][21] Other Important Information - The company reduced operating expenses by nearly $1,500,000 or approximately 19% compared to the first quarter of 2024 [10] - Cash and cash equivalents at the end of the quarter were $1,800,000, up from $1,400,000 at the end of 2024 [20] Q&A Session Summary Question: Insights on sell side customer spending recovery - Management is focusing on direct connections with DSP partners to drive revenue growth and expects reclamation of lost business in the second half of the year [26][27] Question: Cost-cutting initiatives and expected savings - Operating expenses were down 19%, with staff reductions contributing to ongoing savings [31] Question: Integration ramp-up with DSPs and market outlook - Integration timelines vary by partner, with expected impacts from these integrations anticipated in Q3 and Q4 of 2025 [39]

Financial Data and Key Metrics Changes - Subscription revenue grew 15% in FX neutral terms in Q1 2025, reaching $52.6 million compared to $50.4 million in Q1 2024, a 4% increase in U.S. dollars [26] - Gross profit reached $41 million, a 22% growth in FX neutral terms, with a 3.7 percentage points margin increase year over year [5] - Non-GAAP operating income increased to $5.3 million, an 85% growth year over year, with a 4.2 percentage points margin increase [5][29] - Non-GAAP net income reached $5.3 million in Q1 2025, more than doubling year over year, with a 5.2 percentage points improvement in margin [30] - Free cash flow was $6.6 million, compared to $1.6 million in the same quarter of the prior year, achieving a free cash flow margin of 12% [29] Business Line Data and Key Metrics Changes - Non-GAAP subscription gross margin reached 79%, up 191 basis points year over year, reflecting operational efficiency improvements [27] - Total gross margin rose to 76%, up 371 basis points year over year, driven by a lower mix of services revenue and subscription gross margin gains [27] Market Data and Key Metrics Changes - GMV for the quarter reached $4.3 billion, growing 8% year over year in U.S. dollars and 17% on an FX neutral basis [26] - The company successfully brought several new customers live across various regions, including Argentina, Brazil, Colombia, Ecuador, Spain, Mexico, and the U.S. [7][8] Company Strategy and Development Direction - The company is focusing on building a future where intelligent agents evolve into digital workers, managing core workflows autonomously [6] - The strategy includes doubling down on high-impact product bets, particularly in B2B commerce and retail media, with the acquisition of Newpeo to enhance retail advertising capabilities [14] - The company aims to solidify its position as a trusted, scalable, and innovation-driven platform for global enterprises [13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the sustainability of the profitable growth strategy despite ongoing macroeconomic volatility [4] - The company is targeting FX neutral year-over-year subscription revenue growth of 12.5% to 15.5% for Q2 2025 and 14% to 17% for the full year 2025 [31] - Management acknowledged the challenges posed by macroeconomic conditions but emphasized the company's resilience and adaptability [56] Other Important Information - The company repurchased 2.7 million Class A common shares at an average price of $5.56 per share, totaling $15 million [29] - The company was recognized as a customer choice in the 2025 Gartner Voice of Customers for Digital Commerce report for the second consecutive year [12] Q&A Session Summary Question: Comment on subscription gross profit and sustainability of gains - Management noted a 190 basis point improvement in subscription gross margin, attributing gains to customer support optimization and the maturity of the partner ecosystem [38] Question: Areas seeing headcount reduction - Management indicated stability in headcount with minor changes, primarily in the support area, but not indicative of a trend [40] Question: Increase in R&D expenses - Management explained the increase in R&D expenses as a strategic investment in product development and innovation, particularly in B2B and retail media [46] Question: Update on U.S. expansion - Management confirmed ongoing momentum in the U.S. market, focusing on high-value enterprise customers and building durable relationships [50] Question: Macro situation in the U.S. and IT budgets - Management highlighted the company's resilience amid macroeconomic volatility, noting that enterprises are reassessing their technology infrastructure for cost efficiency [56] Question: Subscription revenue build-up by geography and category - Management provided qualitative insights, indicating that Brazil is contributing to growth through new customer implementations [68] Question: Economics of the retail ads media business - Management expressed confidence in the retail media business, emphasizing the connection between publishers and advertisers and the rapid growth of the advertiser network [72]

Criteo (CRTO) Q1 2025 Earnings Call May 02, 2025 08:00 AM ET Speaker0 Please note this event is being recorded. I would now like to turn the conference over to Melanie Dombre, Vice President, Investor Relations. Please go ahead. Speaker1 Good morning, everyone, and welcome to Criteo's first quarter twenty twenty five earnings call. Joining us on the call today, Chief Executive Officer, Michael Komatsinski and Chief Financial Officer, Sara Glickman are going to share some prepared remarks. Todd Parsons, our ...

Direct Digital Holdings, Inc. (NASDAQ:DRCT) Q4 2024 Earnings Conference Call March 27, 2025 5:00 PM ET Corporate Participants Brett Milotte - Investor Relations, ICR Mark Walker - Chairman and Chief Executive Officer Diana Diaz - Chief Financial Officer Conference Call Participants Dan Kurnos - The Benchmark Company Michael Kupinski - NOBLE Capital Markets Operator Thank you for standing by. Welcome to the Direct Digital Holdings Fourth Quarter and Full Year 2024 Earnings Call. All lines have been placed on ...