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 S.A. (NASDAQ: CRTO) announced the appointment of Sarah Glickman as Chief Financial Officer, effective September 8. Glickman brings 30 years of experience in global finance and transformation, previously serving as Acting CFO of XPO Logistics. Her expertise includes corporate finance and operational performance, crucial for Criteo's ongoing transformation. CEO Megan Clarken expressed confidence in Glickman’s ability to drive growth. The press release also notes potential risks impacting Criteo’s business, particularly regarding technology innovation and the effects of the COVID-19 pandemic.
Criteo S.A. (NASDAQ: CRTO) has announced significant changes to its Board of Directors as of August 27, 2020. Co-founder and former CEO Jean-Baptiste Rudelle stepped down from the board, having previously relinquished his CEO position in November 2019 and chairmanship in July 2020. Megan Clarken, the current CEO, has been appointed to the board. This transition reflects Criteo's ongoing evolution and commitment to leveraging leadership to drive future growth.
Criteo (NASDAQ: CRTO) announced the appointment of Todd Parsons as Chief Product Officer, who will lead product design and innovation. With over 15 years in advertising technology, Parsons has previously held leadership roles at OpenX and SocialCode, emphasizing his expertise in programmatic advertising and consumer data. His experience is positioned to drive Criteo's transformation and enhance its advertising solutions. CEO Megan Clarken expressed excitement about Parsons’ addition to the leadership team as the company advances its diversification strategy.
Criteo S.A. (NASDAQ: CRTO) reported Q2 2020 revenue of $438 million, a 17% year-over-year decline, attributed largely to a $100 million negative impact from COVID-19. Revenue excluding Traffic Acquisition Costs was $180 million, a decrease of 20%. Net income fell 51% to $6 million, with diluted EPS at $0.09. Adjusted EBITDA declined 30% to $39 million. Despite challenges, cash flow from operating activities was $33 million, and free cash flow reached $15 million. Criteo maintains a strong cash position of $578 million and over $830 million in total liquidity, supporting ongoing operations.
Criteo S.A. (NASDAQ: CRTO) announced significant changes to its Board of Directors as of July 28, 2020. Co-founder and former CEO Jean-Baptiste Rudelle stepped down as Chairman but remains on the board. Rachel Picard, who joined the Board in June 2017, has been elected as the new Chairwoman, while James Warner, a board member since February 2013, was appointed Vice Chairman. These leadership changes come at a crucial time for Criteo, a global technology firm specializing in impactful advertising solutions for marketers.
Criteo S.A. (NASDAQ: CRTO) has announced a new partnership with Zaius Inc. to enhance targeting capabilities using first-party data. This partnership aims to improve return on ad spend (ROAS) and increase omnichannel revenue by allowing clients to create custom audiences. Criteo's advanced technology combines with Zaius' customer data management to help marketers effectively utilize their advertising budgets. The integration promotes personalized offers and better engagement across channels, enabling advertisers to connect with audiences at the right time and place.
Criteo S.A. (NASDAQ: CRTO) announced a revised financial outlook for Q2 2020 due to strong performance, particularly in the Americas and EMEA regions. The company now expects Revenue ex-TAC between $174 million and $175 million, down approximately 19% year-over-year, while Adjusted EBITDA is projected at $32 million to $33 million. This is an improvement from earlier estimates of $140 million to $147 million revenue and $0 to $7 million EBITDA. Criteo also anticipates positive Free Cash Flow for the quarter.
Criteo (NASDAQ: CRTO) announced the appointment of Sherry Smith as Managing Director of Retail Media for the Americas, effective June 15, 2020. Smith, with 20 years of digital marketing experience, previously served as CEO of Triad Retail Media, where she significantly enhanced profitability and launched innovative tools. This strategic hire comes in the wake of Criteo's recent launch of its Retail Media Platform, a self-serve tool aimed at enhancing e-commerce advertising as consumer shopping increasingly shifts online.