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Criteo Stock Pops on Strong Results -- and a Transatlantic Relocation Plan
Yahoo Finance· 2025-10-29 17:13
Group 1 - Criteo's shares opened 8.7% higher following strong Q3 results and a relocation announcement [1][7] - Q3 contribution excluding traffic acquisition costs (ex-TAC) increased by 8% year over year to $288 million, while adjusted earnings rose 36% to $1.31 per diluted share, surpassing analyst expectations [2][7] - The company plans to relocate its corporate domicile from Paris to Luxembourg in 2026, with a potential future move to the U.S. [3][4] Group 2 - The move to Luxembourg aims to facilitate a direct listing on Nasdaq, enhancing stock tradeability in the U.S. market and potentially qualifying Criteo for S&P 500 inclusion [4][6] - Management believes that relocating could expand access to passive capital and broaden the shareholder base, as stated by CFO Sarah Glickman [6][7]