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.
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.
Criteo S.A. (NASDAQ: CRTO) will present at the Stifel 2021 Virtual Cross Sector Insight Conference on June 8, 2021, at 8:00 AM ET. CFO Sarah Glickman will lead the presentation, with a live audio webcast available at this link. A replay will be posted on the company's investor relations site afterward. Criteo, a global technology leader in advertising, serves over 20,000 customers and employs 2,500 team members worldwide.
Criteo S.A. (NASDAQ: CRTO) announced its acquisition of Mabaya, a retail media technology firm, enhancing its Commerce Media Platform. This acquisition aims to boost Criteo's capabilities in retail media monetization and support for diverse marketplace sellers. Mabaya's technology aligns with Criteo's existing solutions, enabling better advertising services on e-commerce platforms. Criteo Retail Media experienced significant growth, generating $400 million in ad revenue in 2020, with a year-over-year increase of 122% in the latest quarter. The acquisition supports Criteo's strategic goal of expanding its footprint in the growing retail media market.
Criteo S.A. (NASDAQ: CRTO) has announced its 2021 Investor Day scheduled for June 3, 2021, starting at 8:00 AM ET. The event will feature key speakers including CEO Megan Clarken and CFO Sarah Glickman. It will be held virtually, with a live webcast available on the company's investor relations website. A replay will also be accessible after the event.
Criteo S.A. (NASDAQ: CRTO) announced that CEO Megan Clarken will present at the J.P. Morgan Global Technology, Media and Communications Conference on May 24, 2021, at 11:00 AM ET. This live presentation will be accessible via a webcast on the company's investor relations website, with a replay available afterward. Criteo is a global technology firm specializing in impactful advertising, boasting a workforce of 2,500 employees and partnerships with over 20,000 clients worldwide. The company leverages advanced machine learning to provide effective advertising solutions.
Criteo S.A. (NASDAQ: CRTO) reported strong Q1 2021 financial results, with revenue of $541 million, a 7% year-over-year increase, and net income rising 43% to $23 million. Adjusted EBITDA grew 28% to $76 million, reflecting effective cost management. Revenue excluding Traffic Acquisition Costs (ex-TAC) reached $213 million, a 4% increase. Retail Media revenue surged 69%, showing strong growth. The company maintained a cash position of $520 million, with free cash flow also up by 41% to $64 million. Criteo aims for 50% growth from new solutions in 2021.