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.
Criteo (NASDAQ: CRTO) announced a partnership with Michaels, North America's largest arts and crafts retailer, to enhance retail media advertising. This collaboration allows brands and agencies within Criteo's ecosystem to engage Michaels' vast customer base, improving product discovery through non-intrusive ads. The partnership supports Michaels' digital transformation with solutions like sponsored products and display ads, aimed at unlocking new revenue streams. The deal positions Criteo strategically to expand its reach within the retail sector, leveraging its comprehensive retail media platform.
Onfido, a leader in identity verification, reported impressive growth for 2021, achieving over $100 million in revenue, a 90% year-over-year increase. The company also reached 150 million digital identity checks. In response to rising demand, Onfido expanded its workforce by 50% to 600 employees and enhanced its services with new AI-powered features. Major clients added include Volkswagen Financial Services, DBS Bank, and Orange. With a projected growth in identity verification checks to 3.8 billion by 2026, Onfido is positioned for continued success.
Criteo (NASDAQ: CRTO) has appointed Brian Gleason as the new Chief Revenue Officer, effective April 1. He joins from GroupM, where he was Global Chief Commercial Officer, managing a multi-billion-dollar portfolio. Gleason will lead over 1,500 associates in driving outcomes through Criteo's Commerce Media Platform. CEO Megan Clarken highlighted the pivotal timing of this leadership change as Criteo pursues growth opportunities in the Commerce Media sector. Gleason aims to help clients maximize their potential in the evolving landscape of online media.
CommerceIQ reported record growth for 2021, achieving a 106% year-over-year revenue increase and a 113% rise in customers served. The company doubled its headcount, hiring key executives to fuel further growth. Notable partnerships, like the integration with Instacart, and recognition in major analyst reports highlight its market position. With 70% of customers increasing their investments and a significant international footprint, CommerceIQ is poised for continued success in 2022, aiming to further innovate in ecommerce management.
LiveRamp (NYSE: RAMP) reported a strong financial performance for Q3 fiscal 2022, with total revenue reaching $141 million, a 17% increase year-over-year. Subscription revenue also rose 19% to $111 million, comprising 79% of total revenue. GAAP gross margin improved to 73%, while non-GAAP gross margin reached 77%. The company achieved an operating cash flow of $25 million, up from $15 million in the previous year. LiveRamp ended the quarter with 86 customers generating over $1 million each annually, reflecting a 32% increase. The company anticipates continued growth, projecting $526 million in revenue for fiscal 2022.
Criteo S.A. (NASDAQ: CRTO) announced its Q4 and FY 2021 financial results, exceeding guidance with revenue of $653 million in Q4, slightly down from $661 million a year prior, while total revenue for 2021 reached $2.254 billion, up 9% year-over-year. Gross profit increased 12% to $244 million in Q4 and 14% for the year, totaling $782 million. Net income surged 60% to $75 million in Q4 and 84% to $138 million for the year. The company also highlighted a significant growth in Retail Media, with a 58% increase in contribution ex-TAC for the year. Criteo is set to acquire IPONWEB for $380 million to enhance its Commerce Media Platform.
Bluecore has partnered with Criteo (NASDAQ: CRTO) to enhance retail advertising strategies. This collaboration allows retailers to utilize Bluecore's predictive audience capabilities alongside Criteo's performance display ecosystem, resulting in a reported increase of 109% in return on ad spend (ROAS) for early adopters. The partnership aims to leverage first-party data to improve shopper engagement and conversion rates across various digital channels, with nearly 20 brands already benefiting from this joint offering.
Criteo S.A. (NASDAQ: CRTO) will announce its financial results for the fourth quarter and fiscal year ended December 31, 2021, on February 9, 2022. The announcement will be followed by a conference call featuring CEO Megan Clarken, CPO Todd Parsons, and CFO Sarah Glickman at 8:00 AM ET. Interested parties can join via provided U.S. and international dial-in numbers or watch the live webcast on the company's website. Criteo operates a leading Commerce Media Platform, partnering with over 22,000 marketers globally to enhance commerce outcomes.
OneSpan Inc. has appointed Tom Aurelio as Chief People Officer, effective immediately. With over 30 years of experience in leadership roles at Symantec, Priceline.com, and Criteo, Aurelio aims to enhance talent management and drive growth for OneSpan. CEO Matthew Moynahan emphasized the importance of talent in the company's growth strategy. Aurelio's prior achievements include scaling HR functions to support rapid company growth, which is critical for OneSpan's ongoing journey in digital identity verification and e-signatures.
Criteo (NASDAQ: CRTO) announced the execution of a purchase agreement to acquire IPONWEB, a top AdTech company, for $380 million in cash and treasury shares on December 22, 2021. This acquisition enhances Criteo's Commerce Media Platform by integrating IPONWEB's DSP and SSP solutions, enabling better data management for enterprise marketers. The deal aims to position Criteo as a leading commerce media partner in a post third-party cookie landscape. Closing is anticipated in Q1 2022, pending regulatory approvals.