Criteo - CRTO STOCK NEWS

MobileFuse, a leading in-app, CTV, and DOOH advertising platform, has announced a strategic partnership with Criteo (Nasdaq: CRTO), enhancing its retail media capabilities. This collaboration gives MobileFuse's retail clients access to Criteo's Commerce Audiences, which are granular audience segments built from real-time shopping signals.

The partnership aims to empower retail brands and advertisers with more effective audience discovery and engagement, ultimately driving conversions. Criteo's Commerce Audiences are continuously refreshed, high-intent audiences based on consumer shopping behaviors and commerce signals. MobileFuse's industry-leading SDK, combined with Criteo's audiences, promises to deliver higher fill rates, eCPM, CTR, and revenue compared to other oRTB solutions.

This strategic move reinforces MobileFuse's commitment to providing innovative tools for publishers and advertisers, meeting the growing demands of the retail media landscape.

Criteo S.A. (NASDAQ: CRTO), the Commerce Media company, has announced it will release its financial results for the third quarter ended September 30, 2024, on Wednesday, October 30, 2024. The company will host a conference call at 8:00 AM ET, 1:00 PM CET on the same day to discuss the results.

The call will feature Megan Clarken, Chief Executive Officer, and Sarah Glickman, Chief Financial Officer. Todd Parsons, Chief Product Officer, will join for the Q&A session. Investors can access the call using the following dial-in numbers:

• United States: +1 800 836 8184
• International: +1 646 357 8785
• France: 080-094-5120

The conference call will also be webcast live on the Company's website at https://criteo.investorroom.com/ and will be available for replay.

Criteo (Nasdaq: CRTO) has announced a partnership with Belk Inc. to launch the Belk Media Network. This retail media arm will allow national brands in apparel, accessories, beauty, and home categories to increase awareness and sales on Belk's digital properties. The partnership will utilize sponsored products and onsite display, with plans to expand in 2025.

Belk will leverage Criteo's technology and its own first-party data to target a unique audience of high-earning, predominantly women shoppers. This initiative comes ahead of the holiday shopping season, offering advertisers a competitive advantage to reach high-intent consumers. Belk operates nearly 300 stores across 16 Southeastern states and has a strong digital presence.

The Belk Media Network joins Criteo's network of 225 global retailer and marketplace partners, capitalizing on the rapidly growing retail media category, which is expected to surpass $231 billion by 2030.

Criteo S.A. (NASDAQ: CRTO) has announced that CEO Megan Clarken plans to retire within the next 12 months. Clarken will continue as CEO until a successor is named and will then step down from the Board. She has agreed to remain as a senior advisor to ensure a smooth transition. The Board has initiated a search for a new CEO, engaging Heidrick & Struggles to assist in the process.

Board Chair Rachel Picard praised Clarken's leadership over the past five years, highlighting her role in Criteo's transformation into an end-to-end AdTech platform for Retail and Commerce Media. The Board expressed confidence in the company's strategy and senior leadership team. Clarken stated her pride in Criteo's accomplishments during her tenure, including navigating industry challenges and building differentiated capabilities that have positioned Criteo as a Commerce and Retail Media powerhouse.

Criteo (NASDAQ: CRTO) announced record Q2 2024 results, with a slight 1% YoY revenue increase to $471M and a 17% rise in gross profit to $233M. Net income surged to $28M from a loss of $2M in Q2 2023, translating to a diluted EPS of $0.46. Adjusted EBITDA was up 67% to $93M, and Adjusted EPS jumped 104% to $1.08. Despite a Free Cash Flow of -$4M, operating cash flow rose significantly to $17M. Retail Media revenue grew 23%, while Performance Media revenue saw a slight decline of 2%. The company is raising its full-year 2024 guidance and plans a Retail Media Investor Update on Nov 18, 2024. CEO Megan Clarken highlighted the company's strategic collaborations and platform expansions, including partnerships with Dollar General and Microsoft Advertising.

Criteo (Nasdaq: CRTO), the commerce media company, has announced key leadership promotions to drive growth in Retail Media and Performance Media. Brian Gleason has been promoted to Chief Revenue Officer and President, Retail Media, overseeing the execution of Retail Media ambitions and leading the global commercial organization. Ryan Damon has been appointed Chief Legal and Transformation Officer, expanding his role to include transformation initiatives for Criteo's Commerce Media Platform. Connor McGogney has been promoted to Chief Business Development Officer, focusing on growth strategy, mergers and acquisitions, and strategic partnerships.

These promotions aim to accelerate Criteo's transformation into a Commerce Media powerhouse and drive shareholder value. All three executives will report directly to CEO Megan Clarken.

Criteo S.A. (NASDAQ: CRTO), the Commerce Media company, has announced it will release its second quarter 2024 financial results on Thursday, August 1, 2024. Following the release, the company will host a conference call at 8:00 AM ET (2:00 PM CET) to discuss the results.

Key participants in the call will include Megan Clarken (Chief Executive Officer), Sarah Glickman (Chief Financial Officer), and Todd Parsons (Chief Product Officer) for the Q&A session. Investors and analysts can access the call using provided dial-in numbers for the US, International, and France. Additionally, a live webcast of the conference call will be available on Criteo's investor relations website.

Criteo (Nasdaq: CRTO) has announced a strategic collaboration with Microsoft Advertising, aimed at addressing fragmentation in the retail media landscape. This partnership will integrate Microsoft Advertising's extensive demand into Criteo's network of 225 retailers and make Criteo the preferred onsite media partner for Microsoft’s retailer clients. Retail media, a rapidly growing sector, is projected to represent over $150 billion in global ad spend by 2026. The collaboration is expected to boost revenue for Criteo's retail media network partners and enhance the performance of Microsoft Advertising's 500,000+ active advertisers across 187 global markets. Additionally, the partnership will explore leveraging Microsoft’s generative AI capabilities, including AI-powered creative tools. The integration and preferred onsite collaboration are slated for rollout in the second half of 2024.

Criteo (Nasdaq: CRTO) has partnered with Dollar General Media Network (DGMN), the retail media arm of Dollar General (NYSE: DG), to enhance Dollar General's retail media offerings.

This collaboration will support Dollar General's onsite sponsored ad offerings and introduce new ad formats later this year. Utilizing Criteo's Commerce Max platform, advertisers will gain access to premium inventory and comprehensive shopper data, enabling targeted omnichannel advertising, particularly for rural shoppers.

The partnership aims to provide valuable insights into both in-store and online sales, empowering brands to optimize their campaigns. This move strengthens Criteo's position as a leader in the retail and commerce media space.