We're pretty much all bargain shoppers one way or another, whether you want the bargain or not. I am curious, Amazon kind of set the tone for this. I mean, they were the ones pretty much out the gate as a retailer are basically we're going to offer you all the products you love at a price that undercuts everyone else.Now everyone's doing the same thing. How do you stand out. Yeah, so Amazon's definitely setting the tone this year and it's a very uncertain and different year than years prior.So this is the 1 ...

Key Takeaways TTD posted 25% revenue growth with Kokai adoption ahead of schedule and over 95% customer retention. PUBM's CTV business rose 50% year over year, but total sales fell 4% mainly due to a DSP client shift. TTD trades at a higher P/E than PUBM, raising valuation concerns amid uncertainty.Both The Trade Desk (TTD) and PubMatic (PUBM) play pivotal roles in the programmatic advertising ecosystem, but at opposite ends of the spectrum. TTD operates a leading demand-side platform (DSP), which helps a ...

Key Takeaways TTD repurchased $386M in shares in Q1 2025, exceeding its free cash flow of $230M for the quarter. A $1B authorization backs TTD's repurchase strategy, supported by $1.7B in liquidity and no debt. TTD expects Q2 revenues of at least $682M, implying 17% growth with stable macro conditions.The Trade Desk, Inc. (TTD) announced in its first-quarter 2025 earnings release that it used $386 million in cash to buy back its common stock. Strong balance sheet and consistent cash flow aided the repurch ...

Core Insights - Criteo has launched its Auction-Based Display technology, enhancing programmatic flexibility in retail media environments and driving industry advancement [1][5] - The new technology is designed to meet the unique dynamics of retail environments, providing retailers with biddable trading options and flexible pricing [2][3] - This innovation allows advertisers to execute standardized campaigns across various ad formats, optimizing multi-retailer campaigns more efficiently [4] Company Overview - Criteo is a global platform that connects the commerce ecosystem, leveraging AI to access over $1 trillion in annual commerce sales [6] - The company provides technology, tools, and insights necessary for brands, agencies, retailers, and media owners to drive performance and growth [6] Industry Context - The retail media landscape is evolving, with increasing demand for highly relevant and timely ads, which Criteo's technology addresses through real-time bidding and advanced ad relevancy controls [3][5] - By complementing existing reservation-based deals with auction-based buying, retailers can unlock new monetization opportunities and access national media budgets [2]

Core Insights - Instacart and Pinterest are collaborating to enhance advertising campaigns by utilizing first-party data to connect brands with high-intent audiences [1][2] - The partnership will allow Pinterest ads to become directly shoppable via Instacart, enabling users to purchase products quickly [3][4] Group 1: Partnership Details - The initial phase of the partnership will enable select brands to target Instacart's first-party audience segments based on real-world retail purchase behavior [2] - A future phase will introduce closed-loop measurement to link Pinterest ads to actual product sales across Instacart's marketplace of over 1,800 retailers [2] Group 2: Advertising Capabilities - Brands will be able to leverage Instacart's retail media data to reach Pinterest users at the moment of intent, transforming ads into shoppable experiences [4][5] - This collaboration aims to bridge the gap between inspiration and action for millions of Pinterest users, allowing for quick purchases [4][5] Group 3: Instacart's Ecosystem - Instacart operates with over 7,000 active brands and 1,800 retail partners, simplifying advertising strategies across fragmented retail networks [6] - The Instacart advertising ecosystem includes various platforms where consumers make shopping decisions, enhancing the overall shopping experience [5][6] Group 4: Company Backgrounds - Instacart partners with nearly 100,000 stores across North America, facilitating online shopping, delivery, and pickup services [7] - Pinterest is a visual search and discovery platform with over half a billion monthly active users, focusing on inspiration and shopping [9]

Core Insights - Retail media is transitioning from rapid growth to a focus on measurable effectiveness, indicating a pivotal moment in the industry [1] - The global advertising expenditure for retail media is projected to reach $169 billion by 2025, growing over 15% year-on-year, despite rising skepticism regarding ad pricing and effectiveness [2] - Cannes Lions has recognized retail media's significance by introducing dedicated awards, highlighting its role in enhancing brand relevance and driving business outcomes [3] Group 1: Industry Growth and Challenges - Retail media has been a bright spot in the advertising sector, with Cannes Lions acknowledging its rising status and predicting that retail media ad spending will surpass traditional television by 2026 [3] - Advertisers are increasingly demanding quick responses and concrete return data from retail media platforms, reflecting a shift in expectations [2] - The industry is facing challenges such as high ad prices, fragmented evaluation systems, and the need for better tracking of conversions amid global economic uncertainties [2] Group 2: Evolution and Technological Integration - Retail media is moving from conceptual acceptance to practical validation, with advertisers focusing on specific outcomes like conversion rates and efficient processes [4] - The concept of "data clean rooms" is gaining traction as a critical tool for enhancing collaboration between brands and retailers [4] - Leading retailers are already implementing advanced solutions, such as Walgreens' partnership with LiveRamp to launch a Clean Room solution [4] Group 3: Strategic Approaches and Market Dynamics - Some retailers are rushing into external advertising without solidifying their internal capabilities, which could undermine their effectiveness [6] - European retailers are adopting a more cautious approach, prioritizing the development of their channels before expanding external collaborations [6] - As retail media budgets grow, advertisers are reclaiming control, demanding simpler purchasing processes and clearer return metrics [7][8] Group 4: Future Outlook - The competitive landscape of retail media is shifting from rapid platform development to a focus on actual business results and data utilization [8] - By the second half of 2025, the industry will need to assess whether continued investment in retail media is justified based on its effectiveness [8] - Success will depend on achieving a true loop between flexibility, transparency, and business outcomes [8]

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 ...

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