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. (NASDAQ: CRTO) is a software publisher and ad-tech company that describes itself as the global platform connecting the commerce ecosystem for brands, agencies, retailers, and media owners. Its AI-powered advertising platform operates in the digital advertising and commerce media space, with access to more than $1 trillion in annual commerce sales data that supports personalized and performance-driven campaigns.
This news page aggregates company announcements, partner releases, and market updates related to Criteo. Readers can follow developments such as the company’s intention to transfer its legal domicile from France to Luxembourg via a cross-border conversion, plans to replace its American Depositary Shares structure with ordinary shares directly listed on Nasdaq, and subsequent communications about shareholder meetings and regulatory steps connected to that process.
News coverage also includes financial results and outlook, where Criteo reports quarterly performance, discusses metrics like Contribution ex-TAC and Adjusted EBITDA, and provides commentary on its Retail Media and Performance Media segments. Operational updates may highlight media spend trends, changes in operating expenses, and capital allocation decisions such as share repurchases.
In addition, this page captures strategic partnerships and leadership changes. Examples include multi-year collaborations, such as Criteo’s partnership with DoorDash to scale advertising across DoorDash’s marketplace, and technology integrations like being named Google’s first onsite retail media partner for Search Ads 360. Leadership and organizational updates, including senior executive appointments and promotions, are also reflected in the news flow.
Investors, analysts, and industry observers can use this page to monitor how Criteo evolves its AI-powered advertising platform, expands its retail media network, and progresses through its announced redomiciliation plans. Regular visits provide a consolidated view of Criteo’s official press releases and related third-party announcements.
Criteo S.A. (NASDAQ: CRTO) will announce its third-quarter financial results on October 28, 2022. The call will be led by CEO Megan Clarken and CFO Sarah Glickman at 8:00 AM ET. Investors can access the call using the provided dial-in numbers. Additionally, Criteo will host its 2022 Investor Day on October 31, 2022, in New York City, featuring presentations from the executive team followed by a Q&A session. Details will be available on the company's investor relations website.
Aqemia has successfully raised €30 million in a Series A funding round, co-led by Eurazeo and Bpifrance. This capital will enhance its drug discovery platform, focusing on oncology and immuno-oncology. Over three years, the company has expanded from a spin-off to a team of 50, collaborating with major pharmaceutical firms like Sanofi and Janssen. Their unique AI technology enables rapid generation of drug candidates while significantly reducing costs and time. The funding reflects confidence in Aqemia's ability to innovate drug discovery through advanced computational methods.
Criteo S.A. (NASDAQ: CRTO) has bolstered its Americas Client Solutions team by adding CBS and CNET executives, Katie Kulik and Courtney Cochrane. This strategic move aims to enhance Criteo's Commerce Media Platform and better serve enterprise marketers and growth businesses across the U.S., Canada, and LATAM. Kulik, with over 25 years in digital media, will drive revenue for enterprise segments, while Cochrane will scale enterprise solutions. The company also announced transitions for other senior leadership roles to strengthen its market position.
Criteo S.A. (NASDAQ: CRTO) launched Commerce Max, a self-service demand-side platform designed for enterprise marketers, in collaboration with Best Buy and GroupM. This platform allows brands to engage audiences through targeted ads on retailer sites and off-site across the internet, leveraging Criteo's access to over four billion product SKUs. Marketers can utilize predictive AI for optimized ad performance and real-time reporting. Commerce Max has entered a testing phase and is expected to roll out to select markets in 2023.
Criteo S.A. (NASDAQ: CRTO) has announced the rescheduling of its 2022 Investor Day to October 31, 2022, in New York City. The event aims to provide insights into Criteo's mid-term financial outlook, featuring presentations from the executive leadership team at 8:30 AM Eastern Time, followed by a Q&A session. Additionally, the company will participate in two investor conferences: Citi's 2022 Global Technology Conference on September 7 and Benchmark's Conference on September 8, where one-on-one meetings will be held.
LiveRamp (NYSE: RAMP) reported total revenue of $142 million for Q1 FY2023, marking a 19% increase year-over-year. Subscription revenue rose 20% to $116 million, representing 81% of total revenue. GAAP gross margin remained stable at 71%, while non-GAAP gross margin decreased by 1 percentage point to 75%. The company recorded a GAAP operating loss of $26 million and a non-GAAP operating income of $4 million. LiveRamp repurchased $80 million worth of shares year-to-date. FY2023 revenue guidance is set between $590 million and $600 million, projecting 12% to 13% growth.
Criteo has completed its acquisition of IPONWEB for $250 million, enhancing its Commerce Media Platform. This acquisition is expected to elevate marketing capabilities and expand monetization for media owners. In Q2 2022, Criteo reported revenues of $495 million, down 10% year-over-year, but gross profit increased by 1% to $185 million. Net income rose to $18 million. The company anticipates sustainable growth despite macroeconomic challenges and reported a significant cash position of $563 million as of June 30, 2022.
Kioxia Corporation announced its collaboration with Aerospike to enhance the Aerospike Server Community Edition database. This collaboration resulted in a 36% increase in application performance when using KIOXIA FL6 Series enterprise NVMe™ Storage Class Memory (SCM) SSDs. The SSDs are designed for high endurance and are currently in mass production, with capacities up to 3,200 GB. Detailed results will be shared during Kioxia's keynote at the Flash Memory Summit on August 2.
KIOXIA America has announced a collaboration with Aerospike to enhance the Aerospike Community Edition database, achieving a 36% increase in application performance. This enhancement utilized KIOXIA's FL6 Series NVMe Storage Class Memory (SCM) SSDs, demonstrating significant improvements in application efficiency. The FL6 drives are mass-produced, capable of 60 DWPD endurance, and available in capacities up to 3,200 GB. This partnership highlights KIOXIA's commitment to creating innovative storage solutions that improve performance for latency-sensitive applications.
Criteo S.A. (NASDAQ: CRTO) will announce its financial results for the second quarter ending June 30, 2022, on August 3, 2022. CEO Megan Clarken and CFO Sarah Glickman will lead a conference call at 8:00 AM ET to discuss the results, joined by Chief Product Officer Todd Parsons for a Q&A session. Investors can access the call using specified dial-in numbers. The event will also be available via live webcast on Criteo's investor relations website, ensuring transparency and accessibility for stakeholders.