Welcome to our dedicated page for Criteo news (Ticker: CRTO), a resource for investors and traders seeking the latest updates and insights on Criteo stock.
Criteo S.A. reports developments around its commerce intelligence and digital advertising platform, which connects brands, agencies, retailers, publishers, and media owners through AI-driven campaign decisioning. Company news commonly covers Retail Media and Performance Media results, activated media spend, product updates such as Criteo GO, AI advertising integrations, and retail or commerce partnerships.
Updates also include earnings releases, conference presentations, share repurchase activity, and governance or capital-structure actions for the Nasdaq-traded ADR issuer.
Button has driven over $6 billion in mobile commerce and is poised to double this figure in 2023. On January 25, 2023, Button announced the appointment of Michael Montesano as SVP of Engineering, positioning itself for further growth amidst evolving market challenges. The company reported its fastest growth in history, attributed to its cookieless personalization solutions amidst changing privacy regulations. Montesano's extensive experience leading large engineering teams, including at Yahoo and Affinity.co, is expected to accelerate Button's development and enhance its growth strategy. Button continues to be recognized as a leading workplace and growth marketing platform.
Criteo S.A. (NASDAQ: CRTO) is set to announce its fourth quarter and fiscal year results on February 8, 2023. The report will cover performance up to December 31, 2022. Key executives, including Megan Clarken (CEO) and Sarah Glickman (CFO), will host a conference call at 8:00 AM ET to discuss the results. Investors can participate using dedicated dial-in numbers for the US and international callers. The call will also be available via webcast on Criteo's website, ensuring accessibility for stakeholders.
This financial report aims to provide insight into the company's recent performance, aiding investors in their decision-making processes.
Lowe's announced the in-house management of its One Roof Media Network's advertising sales and operations, starting January 31, 2023. This strategic move aims to enhance the customer experience for brand advertisers, improving engagement and ROI. The company has invested in new ad tech and streamlined partnerships, allowing better access to first-party data and faster campaign execution. Serving over 200 clients, Lowe's media network has shown success, with some advertisers achieving returns exceeding double that of industry averages.
Criteo (NASDAQ: CRTO) and Magnite (NASDAQ: MGNI) have formed a preferred relationship to enhance Criteo's retailer partners' capabilities in Connected TV (CTV) advertising. This collaboration enables retailers to extend their audiences into CTV, providing closed-loop measurement for brand partners. With projected growth rates of 27.2% for CTV and 20.5% for retail media, the partnership aims to drive revenue for retailers. Criteo's Commerce Max platform, designed for enterprise brands, will integrate Magnite's CTV expertise, enhancing advertising effectiveness.
Criteo S.A. (NASDAQ: CRTO) announced an extension of its share repurchase program, increasing the authorization from $280 million to $480 million. CEO Megan Clarken highlighted this move as a demonstration of the company's confidence in its business strategy and its commitment to enhance shareholder value. The repurchased shares will be used to meet employee equity obligations, limiting dilution for shareholders, and potentially fund future acquisitions. Purchases will depend on market conditions and are subject to regulatory compliance.
Criteo S.A. (NASDAQ: CRTO) announced its participation at the UBS Global TMT Conference, scheduled for December 6, 2022, at 3:00 PM Eastern Time. CEO Megan Clarken and CFO Sarah Glickman will present, with a live audio webcast accessible on the company's investor relations website. A replay will be available post-event. Criteo focuses on connecting marketers and media owners to enhance commerce outcomes through its advanced Commerce Media Platform.
Pelico, a factory operations SaaS platform, has raised $18M in funding led by 83North and Serena, aiming to enhance its technology and expand its team. The funding will support Pelico's goal to become the Operational Management System for modern factories amid rising complexity in supply chains. With prominent clients like Collins Aerospace and Safran, Pelico has demonstrated its impact by reducing logistical cycle times by 50% and parts shortages by 72%. The company plans to open 50 new positions in France and the US over the next 18 months.
LiveRamp reported Q2 fiscal 2023 revenue of $147 million, up 16%, with subscription revenue at $120 million, rising 14%. The GAAP operating loss was $29 million compared to $6 million last year. Non-GAAP operating income improved to $17 million. Share repurchases totaled $100 million this fiscal year. The company raised its fiscal 2023 revenue guidance to between $595 million and $600 million, reflecting a 13% increase year-over-year. The non-GAAP operating income guidance is now $60 million.
Contentsquare has announced three significant new appointments aimed at enhancing its IT organization and social impact initiatives. Martin Decrême joins as Chief Information Officer to implement a Business Intelligence program, while Judicaël Phan becomes VP of Digital Trust and Global Data Protection Officer, focusing on privacy and ethics. Emily Bove is appointed VP of Philanthropy to lead the company's social impact efforts. These roles are pivotal for Contentsquare’s mission to deepen customer trust and extend its impact in digital analytics.
Criteo S.A. (NASDAQ: CRTO) outlined its long-term growth strategy and 2025 financial outlook during the Investor Day on Oct. 31, 2022. The company targets to triple its Retail Media business in the next three years. CEO Megan Clarken emphasized their differentiating technology and integrated solutions. Key topics included progress in transforming from a retargeting business to a multi-product platform, a renewed client-centric approach, and growth drivers in retail media. A live webcast of the event is available for replay on their investor site.