Criteo Stock Price, News & Analysis

Criteo has entered a multi-year partnership with LTIMindtree to enhance its IT service quality and business agility. This collaboration aims to support Criteo's global operations, focusing on its Microsoft Azure Cloud environment and the development of a unified data platform. In the first year, the engagement has successfully validated LTIMindtree's capabilities in delivering superior digital solutions, promoting innovation and sustainable growth. Criteo's VP of Internal IT highlighted the importance of modernizing their IT systems to thrive in today’s fast-paced business landscape.

Skai has partnered with Analytic Index to enhance marketing strategies through advanced analytics for retail search and sales. This collaboration enables brands and agencies to gain immediate insights into organic and paid search data across major retailers like Amazon, Walmart, and Target, without needing first-party data. Skai's platform will integrate these insights, allowing advertisers to optimize campaigns efficiently. The partnership aims to bridge data gaps created by privacy regulations and complex consumer journeys, providing a competitive edge in the retail media landscape.

InMarket has announced the appointments of Joshua Koran as Chief Product Officer and Neal Bonner as Senior Vice President, Insights and Analytics, aiming to enhance its growth and innovation in consumer-focused digital marketing. Koran, a seasoned expert with over 25 years of experience, will lead product strategy and innovation, previously holding senior roles at companies like Criteo and Yahoo!. Bonner comes from Nielsen and will drive data analytics efforts. These changes are poised to improve Return on Advertising Spend (ROAS) and support InMarket's proven marketing solutions amid evolving economic conditions.

On January 26, 2023, Skai released its Q4 2022 Digital Marketing Quarterly Trends report, highlighting significant growth in ad volume across channels while prices dropped. Total impressions in paid social rose by 57% YoY, and retail media and paid search increased by 45% and 22% YoY, respectively. Despite higher spending in Q4, lower ad prices resulted in reduced growth rates compared to previous quarters. Notably, 79% of paid social advertisers experienced lower CPM rates, and 53% and 48% in retail media and paid search, respectively. The infographic offers additional insights into spending patterns and market dynamics.

Button has driven over $6 billion in mobile commerce and is poised to double this figure in 2023. On January 25, 2023, Button announced the appointment of Michael Montesano as SVP of Engineering, positioning itself for further growth amidst evolving market challenges. The company reported its fastest growth in history, attributed to its cookieless personalization solutions amidst changing privacy regulations. Montesano's extensive experience leading large engineering teams, including at Yahoo and Affinity.co, is expected to accelerate Button's development and enhance its growth strategy. Button continues to be recognized as a leading workplace and growth marketing platform.

Criteo S.A. (NASDAQ: CRTO) is set to announce its fourth quarter and fiscal year results on February 8, 2023. The report will cover performance up to December 31, 2022. Key executives, including Megan Clarken (CEO) and Sarah Glickman (CFO), will host a conference call at 8:00 AM ET to discuss the results. Investors can participate using dedicated dial-in numbers for the US and international callers. The call will also be available via webcast on Criteo's website, ensuring accessibility for stakeholders.

This financial report aims to provide insight into the company's recent performance, aiding investors in their decision-making processes.

Lowe's announced the in-house management of its One Roof Media Network's advertising sales and operations, starting January 31, 2023. This strategic move aims to enhance the customer experience for brand advertisers, improving engagement and ROI. The company has invested in new ad tech and streamlined partnerships, allowing better access to first-party data and faster campaign execution. Serving over 200 clients, Lowe's media network has shown success, with some advertisers achieving returns exceeding double that of industry averages.

Criteo (NASDAQ: CRTO) and Magnite (NASDAQ: MGNI) have formed a preferred relationship to enhance Criteo's retailer partners' capabilities in Connected TV (CTV) advertising. This collaboration enables retailers to extend their audiences into CTV, providing closed-loop measurement for brand partners. With projected growth rates of 27.2% for CTV and 20.5% for retail media, the partnership aims to drive revenue for retailers. Criteo's Commerce Max platform, designed for enterprise brands, will integrate Magnite's CTV expertise, enhancing advertising effectiveness.

Criteo S.A. (NASDAQ: CRTO) announced an extension of its share repurchase program, increasing the authorization from $280 million to $480 million. CEO Megan Clarken highlighted this move as a demonstration of the company's confidence in its business strategy and its commitment to enhance shareholder value. The repurchased shares will be used to meet employee equity obligations, limiting dilution for shareholders, and potentially fund future acquisitions. Purchases will depend on market conditions and are subject to regulatory compliance.