Criteo - CRTO STOCK NEWS

Criteo (NASDAQ: CRTO) has announced the general availability of its Onsite Video solution for retail media, integrating shoppable video ad formats into digital storefronts of retail partners including Albertsons, Costco, and Walmart Mexico.

The solution combines Video, Display and Sponsored Product ad formats in one unified platform. Early results show significant impact:

• 5.6x lift in new-to-brand customers when combined with Display and Sponsored Products ads
• Up to 70% gross margins potential from onsite retail media
• 280% increase in click-through rates when shoppers were exposed to both Onsite Video and Sponsored Products
• 460% lift in sales when Onsite Video was paired with Sponsored Product ads

Albertsons Media Collective, as a beta partner, has already implemented the solution, demonstrating enhanced shopper engagement and measurable results.

Criteo (NASDAQ: CRTO), the Commerce Media company, has scheduled its first quarter 2025 financial results announcement for May 2, 2025. The results will cover the period ended March 31, 2025.

Chief Executive Officer Michael Komasinski and Chief Financial Officer Sarah Glickman will host a conference call at 8:00 AM ET (2:00 PM CET) to discuss the results. Chief Product Officer Todd Parsons will join for the Q&A session. The conference call will be accessible via multiple dial-in numbers and will be webcast live on the company's investor relations website.

Criteo (NASDAQ: CRTO) announced significant changes to its Board of Directors. Frederik van der Kooi, former Microsoft Corporate Vice President, has been appointed as the new Board Chairperson, succeeding Rachel Picard who will continue as a director. The company has also nominated Stefanie Jay, former eBay Senior VP, for election as a new independent director.

Van der Kooi, who joined Criteo's board in June 2023, brings extensive digital advertising expertise from his tenure at Microsoft, where he scaled the advertising business to $10 billion. Jay brings 20 years of experience in omnichannel retail and eCommerce, notably leading Walmart Media Group to 7X revenue growth.

Following these changes and pending Jay's election at the 2025 AGM, Criteo's Board will consist of eight directors, with seven being independent. Additionally, Hubert de Pesquidoux, Board member and Audit Committee Chairperson since 2012, will not seek reelection.

Criteo (CRTO) reported strong Q4 2024 results with notable financial achievements. Q4 revenue was $553 million (down 2% YoY), while net income reached $72 million (up 16% YoY). The company's gross profit increased 9% to $301 million, with gross profit margin expanding to 54%.

Key highlights include: Retail Media Contribution ex-TAC grew 25% year-over-year at constant currency in 2024; Performance Media Contribution ex-TAC increased 8%; total media spend reached $4.3 billion in 2024. The company deployed $225 million for share repurchases and increased its buyback authorization to $200 million.

Leadership change: Michael Komasinski has been appointed as new CEO effective February 15, 2025, succeeding Megan Clarken. The company is targeting mid-single-digit growth in 2025.

Criteo (NASDAQ: CRTO) has scheduled its fourth quarter and fiscal year 2024 financial results announcement for February 5, 2025. CEO Megan Clarken and CFO Sarah Glickman will host a conference call at 8:00 AM ET (2:00 PM CET) to discuss the results, with Chief Product Officer Todd Parsons joining for the Q&A session.

The conference call will be accessible via multiple dial-in numbers: US (+1 800 836 8184), International (+1 646 357 8785), and France (080-094-5120). A live webcast will be available on Criteo's investor relations website with replay options.

Criteo (NASDAQ: CRTO) has appointed Michael Komasinski as Chief Executive Officer and Board member, effective February 15, 2025. He succeeds Megan Clarken, who is retiring from her CEO role. Komasinski brings over 20 years of AdTech experience and currently serves as CEO of the Americas, President of Global Data & Technology at dentsu.

At dentsu, Komasinski led technological transformation, embedding AI across products and platforms. His experience includes leading Merkle's retail media consulting practice and managing brand and retailer relationships globally. Prior to dentsu, he oversaw 14,000+ employees across 50+ locations at Merkle, and held leadership positions at Razorfish, Schawk Retail Marketing, Nielsen, and A.T. Kearney.

Criteo (NASDAQ: CRTO) is hosting a virtual Retail Media Investor Update to discuss the company's long-term growth strategy. The event features presentations from senior leadership, including CEO Megan Clarken, who emphasized Criteo's position as the leading AdTech player in Retail Media. The company views Retail Media as the largest secular growth trend in advertising for the coming years.

The update will cover Criteo's differentiation, AI-driven product innovation, and multiple growth drivers in Retail Media. The presentation includes a Q&A session with senior executives and will be accessible through the company's investor relations website.

Criteo (CRTO) reported strong Q3 2024 financial results with revenue of $459M (down 2% YoY) and gross profit of $232M (up 13% YoY). Retail Media showed significant growth with Contribution ex-TAC up 23% YoY, while Performance Media Contribution ex-TAC increased 5%. The company achieved net income of $6M ($0.11 EPS) and Adjusted EBITDA of $82M (up 20% YoY). Free Cash Flow improved substantially to $39M, up from $4M in Q3 2023. Criteo expanded its platform to 3,100 brands and 225 retailers and expects to return $180M to shareholders in 2024.

Criteo (NASDAQ: CRTO) has announced new collaborations with Order Management System (OMS) companies ADvendio, Boostr, Placements.io, Vantage, and Salesforce Media Cloud to enhance flexibility for retail media networks. The integrations will allow Criteo's retailer clients to streamline their media operations through API integration, enabling automated campaign management across platforms. Retailers can now access Criteo's network of 2,900 global brands while maintaining control over their media networks through their preferred OMS platform. This modular approach aims to improve operational efficiency as retail media spending is projected to grow by over $75 billion in the next four years.