Core Insights - Criteo reported a decrease in revenue for Q4 2025 by 2% year-over-year, with a total revenue of $541 million, while the fiscal year 2025 revenue increased by 1% to $1.9 billion [1][2] - The company experienced a significant drop in net income for Q4 2025, down 36% to $46 million, but a 30% increase in net income for the full year to $149 million [1][2] - Criteo's cash flow from operating activities increased by 21% to $311 million in 2025, and free cash flow rose by 16% to $211 million, indicating strong operational performance [1][2] Financial Highlights - Q4 2025 revenue was $541 million, gross profit was $297 million, and contribution ex-TAC was $330 million, reflecting a decrease of 2%, 1%, and 1% respectively year-over-year [1][2] - For the fiscal year 2025, revenue was $1.9 billion, gross profit was $1.0 billion, and contribution ex-TAC was $1.2 billion, with increases of 1%, 7%, and 5% respectively [1][2] - Adjusted EBITDA for Q4 2025 was $120 million, down 17% year-over-year, while for the full year it was $407 million, up 4% [2][3] Operating Performance - Criteo's media spend reached $4.3 billion in 2025, growing 3% year-over-year, with Q4 media spend at $1.4 billion, up 6% [1][2] - The company launched new tools such as the Audience Agent and Insights Agent to enhance audience planning and data-driven decision-making [1] - Retail Media contribution ex-TAC grew by 2% year-over-year in 2025 but decreased by 18% in Q4 2025 due to scope changes with specific clients [1][2] Share Repurchase and Financial Position - Criteo deployed $152 million for share repurchases in 2025 and increased its remaining share buyback authorization to $200 million [1][3] - As of December 31, 2025, the company had $389 million in cash and marketable securities, reflecting an increase of $56 million compared to the previous year [2][3] - The total financial liquidity position was approximately $891 million, including cash, marketable securities, and credit facilities [2] Future Outlook - For fiscal year 2026, Criteo expects an adjusted EBITDA margin of approximately 32% to 34% of contribution ex-TAC, with contribution ex-TAC growth projected to be flat to +2% at constant currency [2][3] - The first quarter of 2026 is anticipated to represent the low point of the year, with adjusted EBITDA guidance between $50 million and $55 million [2][3]

Core Insights - Wall Street analysts predict significant growth in artificial intelligence (AI) stocks over the next year, with AI expected to have a transformative economic impact similar to that of the internet, but with faster adoption rates [1][2] Company Summaries AppLovin - AppLovin has a median target price implying an 89% upside from its current share price of $407, with analysts projecting adjusted earnings to grow at 48% annually over the next three years [4][8] - The company has developed a targeting engine called Axon, which utilizes AI to effectively match advertiser demand with publisher supply, enhancing its advertising capabilities [5][6] - AppLovin's mediation platform generates valuable data that improves its targeting engine's performance, leading to a 45% higher return on ad spend (ROAS) compared to Meta Platforms and a 115% higher ROAS than other platforms like YouTube and TikTok [7] Robinhood - Robinhood's median target price suggests an 81% upside from its current share price of $84, with expected adjusted earnings growth of 20% annually over the next three years [10][13] - The company has a strong market presence among younger investors, benefiting from high trading volumes and gaining market share across various brokerage services [11] - Robinhood launched an AI investment tool called Cortex, designed to assist users in making informed trading decisions by sourcing data from multiple channels [12]

Core Thesis - JOYY Inc. is viewed as an undervalued investment opportunity due to its strong financial position and operational model, despite market concerns regarding China's regulatory environment [3][4]. Financial Performance - JOYY has a market capitalization of $3.6 billion and nearly $2 billion in annual revenue, with a trailing P/E of 8.92 and a forward P/E of 9.78 [2][3]. - The company holds $3.3 billion in net cash as of Q3 2025, providing flexibility for capital returns and growth initiatives [2]. Market Valuation - The current stock price of JOYY is $62.13, but it is suggested that under a more typical global valuation multiple, the stock could approach $100 per share [3]. - The market continues to undervalue JOYY, treating it as a high-risk asset due to regulatory concerns, leading to a disconnect between its fundamentals and stock price [3][4]. Investment Opportunity - JOYY's asset-light, high-margin business model and robust cash position make it a low-risk investment with substantial upside potential [4]. - The company plans to return $89 million to shareholders through buybacks in 2025 under a $900 million authorization, indicating a commitment to enhancing shareholder value [2][4].

Core Viewpoint - AppLovin's stock has seen a significant decline of nearly 40% since January, primarily due to concerns over Google's Project Genie, which is perceived as a potential disruptor in the mobile gaming industry [1][1]. Group 1: Impact of Project Genie - Google Project Genie is a generative game engine that allows users to create interactive 3D environments from simple prompts, raising fears that it could undermine traditional game development processes [1][1]. - The potential for users to create high-quality gaming experiences with minimal effort could threaten AppLovin's core business model, which focuses on helping developers scale and monetize complex software [1][1]. - The market's reaction has been a sharp sell-off in AppLovin shares, with a 15% drop noted on the day of the news [1][1]. Group 2: Contrarian Perspective from Deutsche Bank - Deutsche Bank analysts argue that the sell-off in AppLovin shares is overdone and that it is too early to determine the true impact of Project Genie [1][1]. - They believe that Project Genie will not replace traditional game development or disrupt the mobile game discovery ecosystem, viewing it instead as a potential productivity booster for developers [1][1]. - The analysts suggest that an increase in game content could actually enhance the demand for AppLovin's monetization and user acquisition tools, making the current weakness in the stock a buying opportunity [1][1]. Group 3: Investment Outlook - Deutsche Bank maintains that the fundamental demand for game discovery remains intact, and the sell-off has improved the risk-reward profile for AppLovin as a long-term investment [1][1]. - Options traders are pricing in a potential 25% rally in AppLovin's stock by mid-April, indicating optimism about its future performance [1][1].

Core Viewpoint - The Trade Desk (NASDAQ: TTD) is identified as a potential stock that could double in value by the end of 2026 due to its current undervaluation and growth prospects [2]. Company Performance - The Trade Desk's stock has declined nearly 80% from its all-time high in late 2024, continuing to fall throughout 2025 and into 2026, reaching a valuation of 15 times forward earnings, which is considered a bargain [5]. - Despite the stock's decline, The Trade Desk reported an 18% revenue increase in Q3 2025, indicating healthy growth, although it was impacted by a lack of political spending [7]. - Wall Street analysts project a 16% growth for The Trade Desk in the upcoming year, with earnings per share (EPS) expected to be $2.09, potentially reaching $2.40 at the high end of projections [8]. Market Context - The Trade Desk operates a buy-side ad platform, benefiting from political spending during election years, which was absent in Q3 2025 but contributed to its performance in Q3 2024 [7]. - The company is expected to grow faster than the market, as measured by the S&P 500, which trades at 22.2 times forward earnings; thus, The Trade Desk should have a similar or higher valuation [8].

LONDON, Feb. 03, 2026 (GLOBE NEWSWIRE) -- SeenThis, the video advertising partner transforming how brands distribute video across the open web, today announced the next phase of its partnership with Lumen Research, the leading attention measurement company. The collaboration introduces a proprietary SeenThis attention model, supported by a custom Lumen attention measurement tag, delivering independently verified, real-time attention insights for agencies and brands. Through extensive in-market testing, Seen ...

Group 1 - The Trade Desk's stock fell nearly 70% in 2025 and is down an additional 16% at the start of 2026, making it one of the worst performers in the S&P 500 [1][2] - The stock is now down nearly 80% from its all-time high, raising questions about whether it represents a value play or a value trap [2] - The decline in The Trade Desk's stock is attributed to slowing growth and rising competition, particularly from Amazon's rapidly growing ad service [3][4] Group 2 - Amazon's ad service generated $17.7 billion in revenue during Q3, up 24% year over year, while The Trade Desk's revenue increased at an 18% pace, totaling $2.8 billion over the past 12 months [4] - Advertisers are increasingly choosing Amazon's advertising model over The Trade Desk's, as it offers more optimal advertising space [5] - The Trade Desk's valuation has dropped from over 50 times forward earnings to 15 times forward earnings, compared to the S&P 500's 22.2 times forward earnings [6] Group 3 - The current valuation of The Trade Desk suggests a perception of shrinking rather than growth, despite the company still growing at a decent pace [7] - There is a belief that this represents a prime buying opportunity for The Trade Desk's stock, as it may return to a more reasonable market-average valuation level [7]

Core Viewpoint - Inuvo, Inc. has received $6.2 million from a class action lawsuit settlement, enhancing its liquidity and supporting strategic priorities moving forward [1][2][3] Financial Impact - The settlement represents a significant financial development for Inuvo, strengthening its liquidity position [2] - The funds will provide additional financial flexibility for ongoing investments in product innovation, market expansion, and operational initiatives aimed at driving long-term shareholder value [3] Company Overview - Inuvo, Inc. is a provider of AI-driven data and advertising technology solutions, specifically designed for modeling media audiences [4] - The company's patented IntentKey® AI technology identifies customer engagement based on real-time media consumption, predicting purchase intent ahead of traditional systems [4]

Core Viewpoint - Nexxen International Ltd. has announced a share repurchase of 412,088 shares at an average price of $6.18, with a remaining authorization of approximately $5.0 million under its current program [1] Share Repurchase Program - The company has received authorization for a new share repurchase program of up to $40 million, which will begin after the completion of the current program [2] - Under the new program, Nexxen is not obligated to repurchase a specific number of shares, and the program can be suspended, modified, or discontinued at any time [2] Company Overview - Nexxen is a global advertising technology platform that empowers advertisers, agencies, publishers, and broadcasters to utilize data and advanced TV [4] - The company's technology stack includes a demand-side platform (DSP) and supply-side platform (SSP), with a focus on streaming capabilities [4] - Nexxen is headquartered in Israel and has offices in the United States, Canada, Europe, and Asia-Pacific, and is traded on Nasdaq under the ticker NEXN [5]

Moloco, an advertising technology company, is considering an IPO, according to sources, adding to a flurry of potential listings https://t.co/fU5gNy3vWR ...