Criteo Stock Price, News & Analysis

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.

Criteo S.A. (NASDAQ: CRTO) will have its CEO and CFO present at the 52nd Annual J.P. Morgan Global Technology, Media and Communications Conference on May 20, 2024. The presentation will be available via a live audio webcast on the Company's investor relations website.

Criteo S.A. (NASDAQ: CRTO) reported record first quarter 2024 results with revenue reaching $450 million, gross profit at $217 million, and net income of $9 million. The company raised its full-year 2024 outlook and deployed $62 million for share repurchases in Q1. Retail Media grew 34% year-over-year, while Performance Media was up 13%. Adjusted EBITDA increased by 83%, and cash flow decreased by 67%. The company is confident in its strategy and financial strength.