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.
Optimove, a CRM marketing leader, secured a $75 million investment from Summit Partners aimed at enhancing M&A strategy, hiring, and expanding its SaaS platform for customer engagement and retention. This funding will enable Optimove to accelerate growth, as it continues to maintain healthy profit margins while generating over 40% revenue growth in the past year. The company currently sends more than 23 billion marketing messages annually and serves over 500 brands globally. Summit Partners' executives will join Optimove's Board of Directors.
InMobi announces the appointment of Joe Esposito to lead its new Agency Partnerships team, aiming to enhance ties with major agencies in North America. Reporting to Greg Archibald, Esposito brings nearly 20 years of digital marketing experience, particularly from his roles in Criteo and Rio SEO. His expertise lies in fostering agency relationships and driving innovation in demand and supply-side solutions. Esposito's leadership is expected to support InMobi's growth strategy while addressing current industry challenges faced by agencies.
Criteo S.A. (NASDAQ: CRTO) announced the appointment of Manuela Montagnana as Chief People Officer, succeeding Denis Collin. Montagnana, with over 20 years in global HR leadership, will guide talent strategy for the company's workforce of more than 2,500 employees. Previously, she served at Compass, leading transformational HR projects. Her focus will be on promoting inclusivity and employee engagement while ensuring Criteo attracts and retains top talent. CEO Megan Clarken expressed enthusiasm for Montagnana's role in enhancing the company's people-centric culture in a hybrid working environment.
Marpipe has successfully concluded an $8 million Series A funding round, led by Stage 2 Capital and supported by notable investors including ValueStream Ventures and Samsung. This funding follows a $2 million seed round in 2019 and aims to enhance Marpipe's capabilities in automated creative testing. The company plans to expand its team significantly and centralize creative data for brands, addressing the growing demand for effective ad testing solutions. Marpipe's CEO, Dan Pantelo, emphasizes the need for a tech stack that empowers creatives to optimize ad performance.
Criteo S.A. (NASDAQ: CRTO) announced that CFO Sarah Glickman will present at Citi's 2021 Virtual Global Technology Conference on September 14, 2021, at 9:40 AM Eastern Time. A live audio webcast of the presentation will be available at this link, with a replay accessible on the company's investor relations site afterward. Criteo is recognized for its Commerce Media Platform, partnering with over 21,000 marketers and thousands of media owners globally to deliver impactful advertising solutions.
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.