Criteo SA

CRTO

Equity

ISIN US2267181046 / Valor 22402002

NASDAQ (2024-09-17)

USD 42.43+1.14%

Criteo SA
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About company

Criteo SA is a global technology firm that specializes in providing solutions for marketers and media owners to achieve their advertising and revenue goals. At the core of its offerings is the world’s leading Commerce Media Platform, designed to enable precise targeting and effective advertising campaigns across various digital platforms. Criteo leverages advanced data analytics and machine learning technologies to optimize ad placements and maximize engagement and conversion rates for its clients. By focusing on the intersection of commerce and media, Criteo aims to deliver personalized advertising experiences that benefit both advertisers and consumers. The company operates on a global scale, serving a diverse clientele that seeks to enhance its digital marketing strategies and outcomes.

Summarized from source with an LLMView SourceSector: Technology

Revenue and Gross Profit

Criteo SA reported revenue of $450 million for Q1 2024, marking a 1% increase year-over-year. Gross profit for the quarter was $217 million, which represents a 20% increase compared to the same period last year. The gross profit margin improved to 48%, up from 41% in Q1 2023.

Net Income

For the first quarter of 2024, Criteo SA achieved a net income of $9 million, or $0.12 per share on a diluted basis. This is a significant improvement from the net loss of $12 million reported in Q1 2023. Adjusted net income was $47 million, or $0.80 per share on a diluted basis, compared to $28 million, or $0.50 per share, in the same quarter last year.

Adjusted EBITDA

Criteo SA's adjusted EBITDA for Q1 2024 was $71 million, an 83% increase from $39 million in Q1 2023. The adjusted EBITDA margin also improved to 28% from 18% in the previous year. This growth reflects higher Contribution ex-TAC and effective cost management.

Cash Flow and Liquidity

Cash flow from operating activities was $14 million in Q1 2024, down from $42 million in Q1 2023. Free Cash Flow was $1 million for the quarter. As of March 31, 2024, Criteo SA had $289 million in cash and marketable securities, after spending $62 million on share repurchases.

2024 Outlook

Criteo SA has raised its full-year 2024 guidance, now expecting Contribution ex-TAC to grow high-single-digit at constant currency. The company also anticipates an adjusted EBITDA margin of approximately 31% of Contribution ex-TAC. For Q2 2024, Criteo expects Contribution ex-TAC between $261 million and $265 million, and adjusted EBITDA between $70 million and $74 million.

Summarized from source with an LLMView Source

Key figures

44.8%1Y

21.6%3Y

115%5Y

Performance

33.8%1Y

40.4%3Y

49.2%5Y

Volatility