Criteo Stock Price, News & Analysis

CommerceIQ has announced a strategic integration with Criteo, aiming to enhance its omnichannel advertising capabilities. This integration allows CommerceIQ's customers to optimize retailer search advertising across Criteo's vast network. With 63% of online sales stemming from omnichannel growth, this partnership is poised to capture consumer attention effectively. The introduction of a new metric, Search Rank Index (SRI), will facilitate real-time bid adjustments based on search rankings. This collaboration aims to drive incremental and profitable sales for brands.

Criteo S.A. (NASDAQ: CRTO) announced a significant partnership with Best Buy, allowing advertisers to access BestBuy.com and BestBuy.ca shoppers via Criteo's retail media platform. This integration will enable sponsored product ads, enhancing customer engagement through targeted advertising. Best Buy, which generates $47 billion in annual revenue, aims to improve the online shopping experience using Criteo's technology. This collaboration reinforces Criteo's strategy in the growing retail media space, leveraging first-party data for optimized content delivery.

Criteo S.A. (CRTO) announced strong Q2 2021 financial results, with revenue of $551 million, up 26% year-over-year. Net income surged 144% to $15 million, with diluted EPS increasing 156% to $0.23. Revenue ex-TAC also rose 22%, accounting for 40% of total revenue. Adjusted EBITDA climbed 73% to $67 million. Operating expenses grew 20%, reflecting investments in growth. However, cash flow from operations fell 21% to $26 million. Criteo acquired Mabaya, enhancing its Commerce Media Platform. The company ended the quarter with $490 million in cash and a solid liquidity position.

Criteo S.A. (NASDAQ: CRTO) will announce its financial results for Q2 2021 on August 4, 2021. CEO Megan Clarken and CFO Sarah Glickman will discuss the results during a conference call at 8:00 AM ET. Investors can access the call using the provided dial-in numbers or via a live webcast on Criteo's website. The company is a leader in providing a Commerce Media Platform and partners with over 20,000 marketers globally.

On July 15, 2021, Criteo (NASDAQ: CRTO) announced key appointments in its Product Innovation team. Joshua Koran joins as Executive Vice President, Data and Policy, bringing over 20 years of experience, including leadership at Zeta Global. He will drive strategic initiatives supporting privacy and innovation. Karsten Rieke is appointed Senior Director, Product Management for Identity and Privacy, with extensive experience leading cookie-less environment solutions. Together, they aim to enhance Criteo's product roadmap amidst regulatory challenges, fostering trust among stakeholders.

Criteo (NASDAQ: CRTO) announced the appointment of Nola Solomon as Senior Vice President, Go-to-Market. With over a decade of expertise in digital advertising, Solomon will lead Criteo's global strategy, aligning product development with customer needs. Previously at NBCUniversal Media, she has extensive experience in programmatic product and business strategy. This leadership change comes as Criteo aims to enhance its Commerce Media Platform with new targeting solutions, positioning the company for growth amidst evolving market demands.

Criteo (NASDAQ: CRTO) reported an 8% increase in U.S. in-store sales compared to pre-pandemic levels in May 2021. The company's Store Sales solution has enabled U.S. retailers to achieve an average 38% year-over-year sales increase. Criteo's omnichannel strategy utilizes first-party data to enhance personalized marketing efforts, driving better customer engagement and revenue. Tim Rogers, Senior VP, emphasized Criteo's role in revitalizing brick-and-mortar sales as the economy reopens. The company continues to innovate amidst pandemic-driven challenges.

Criteo (NASDAQ: CRTO) has signed a three-year partnership with Carrefour Group, marking Carrefour as the first European food retailer to utilize Criteo's programmatic platform for retail media. This partnership is part of Criteo's strategy to enhance its position in the Commerce Media sector. The collaboration will launch in nine countries, starting with France, allowing brands self-service access to customer targeting based on shopping behavior. This partnership aims to drive personalized consumer engagement and effective advertising solutions.

Criteo S.A. (NASDAQ: CRTO) announced a major rebranding on June 3, 2021, introducing a new logo and positioning statement: 'The Future is Wide Open.' This transformation aims to align with Criteo's evolving business strategy in the advertising sector, particularly in a cookie-less future. CEO Megan Clarken emphasized the company's commitment to innovation and a fair internet. The company held a virtual Investor Day to present its strategy, capabilities, and product roadmap, showcasing its commitment to enhancing consumer experiences through its Commerce Media Platform.