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. (NASDAQ: CRTO) is a software publisher and ad-tech company that describes itself as the global platform connecting the commerce ecosystem for brands, agencies, retailers, and media owners. Its AI-powered advertising platform operates in the digital advertising and commerce media space, with access to more than $1 trillion in annual commerce sales data that supports personalized and performance-driven campaigns.
This news page aggregates company announcements, partner releases, and market updates related to Criteo. Readers can follow developments such as the company’s intention to transfer its legal domicile from France to Luxembourg via a cross-border conversion, plans to replace its American Depositary Shares structure with ordinary shares directly listed on Nasdaq, and subsequent communications about shareholder meetings and regulatory steps connected to that process.
News coverage also includes financial results and outlook, where Criteo reports quarterly performance, discusses metrics like Contribution ex-TAC and Adjusted EBITDA, and provides commentary on its Retail Media and Performance Media segments. Operational updates may highlight media spend trends, changes in operating expenses, and capital allocation decisions such as share repurchases.
In addition, this page captures strategic partnerships and leadership changes. Examples include multi-year collaborations, such as Criteo’s partnership with DoorDash to scale advertising across DoorDash’s marketplace, and technology integrations like being named Google’s first onsite retail media partner for Search Ads 360. Leadership and organizational updates, including senior executive appointments and promotions, are also reflected in the news flow.
Investors, analysts, and industry observers can use this page to monitor how Criteo evolves its AI-powered advertising platform, expands its retail media network, and progresses through its announced redomiciliation plans. Regular visits provide a consolidated view of Criteo’s official press releases and related third-party announcements.
Skai's 2023 State of Retail Media study reveals significant insights into the evolving landscape of retail media advertising, showcasing trends and challenges faced by marketers. Retail media has rapidly become the third-largest digital advertising channel, growing substantially in recent years. Key findings include:
- 50% of marketers plan to use third-party platforms for managing multiple retailers.
- While 77% are satisfied with data-sharing, fewer than half utilize crucial metrics effectively.
- 37% struggle to demonstrate the incremental impact of their investments.
- 91% coordinate retail media with other digital channels, aided by Skai's recently launched comprehensive platform.
The report emphasizes the need for enhanced capabilities to help advertisers adapt to market changes and optimize performance.
Criteo S.A. (NASDAQ: CRTO) has released its 2022 Corporate Social Responsibility Report. This document outlines the company's commitment to diversity, equity, and sustainability in the AdTech sector.
The report highlights key achievements such as the development of a long-term environmental strategy, fostering sustainable supplier relationships, and improvements in diversity within tech roles—from 14% in 2021 to 16% in 2022. Criteo received recognition from EcoVadis, achieving a Bronze Medal for sustainability performance, and it ranked fourth in LinkedIn's list of top Marketing & Advertising companies in the U.S.
Criteo S.A. (NASDAQ: CRTO), a leading commerce media company, is set to announce its financial results for the first quarter ending March 31, 2023, on May 3, 2023. The announcement will be followed by a conference call at 8:00 AM ET, featuring CEO Megan Clarken and CFO Sarah Glickman, along with Chief Product Officer Todd Parsons for a Q&A session. Investors and interested parties can access the call via specific dial-in numbers or listen online through the company's investor relations website. Criteo connects 22,000 marketers with thousands of media owners, enhancing consumer experiences from product discovery to purchase, supporting an open internet for advertising. Investors are encouraged to tune into this call to gain insights on the company's performance and future outlook.
Skai has launched an innovative omnichannel platform to enhance performance advertising by connecting various digital channels, including Amazon Ads, Google, and Meta. This platform aims to eliminate fragmentation and improve efficiency for marketing teams. With a new SaaS pricing model, advertisers can access all channels for a flat annual fee, promoting growth and experimentation. The platform features capabilities such as omnichannel marketing orchestration, intelligent creative management, and generative AI recommendations. Skai's approach addresses the increasing complexity in digital advertising, promising better ROI and enhanced brand engagement.
On March 23, 2023, Quantela and Starlite Media announced a strategic partnership to enhance Starlite's digital retail media network. The collaboration, supported by Digital Alpha, involves an initial investment of $50 million to add over 5,000 new digital media assets in the U.S. over three years. This initiative aims to optimize Starlite's network through advanced data analytics, providing insights into consumer behavior and preferences. The partnership is expected to unlock new revenue opportunities and solidify Starlite's leadership in the out-of-home retail media space.
Criteo (NASDAQ: CRTO) has become the exclusive partner for ASOS's retail media advertising, launching in the UK, US, France, and Germany before expanding globally. Under a three-year agreement, Criteo's technologies will enhance ASOS's advertising capabilities through Sponsored Ads targeting intent-based ads in search results and Display Ads that boost brand awareness. This partnership aims to increase ASOS Media Group's advertising revenue by leveraging ASOS's first-party data and Criteo’s expertise. Both companies expect improved targeting and performance, paving the way for a stronger sales connection for brands on the ASOS platform.
Criteo S.A. (NASDAQ: CRTO) announced its acquisition of Brandcrush, an Australian company specializing in omnichannel retail media buying and selling. This acquisition aims to enhance Criteo's global omnichannel monetization solutions for retailers, enabling better management of media inventory across ecommerce and physical retail environments. The integration is expected to grow Criteo's client base significantly in the Asia-Pacific retail media market. Criteo now connects over 175 retailers and nearly 1,800 brands, positioning itself as a leader in retail media, addressing the rising demand for integrated advertising management.
The Trustworthy Accountability Group (TAG) announced a record 53% increase in companies achieving "TAG Platinum" status in 2023, rising to 23 companies from 15 the previous year. Companies like Amazon Advertising, Google, and The Trade Desk received this status by obtaining all three TAG certification seals: Certified Against Fraud, Certified Against Malware, and Brand Safety Certified. In total, 228 companies earned 317 seals in 2023, with 67% achieved through independent validation, up from 62% in 2022. TAG's CEO emphasized the importance of comprehensive protections against digital ad crime.
Criteo S.A. (NASDAQ: CRTO) announced the appointment of Rik van der Kooi as a Board observer, with plans to nominate him for election at the 2023 Annual Meeting of Shareholders. Van der Kooi has over a decade of experience in building profitable global advertising businesses, having most recently led Microsoft's advertising division from 2010 to 2022. His leadership contributed to the growth of Microsoft's advertising business to a remarkable $10 billion. Criteo's Chairwoman and CEO expressed excitement about Van der Kooi's transformative leadership and industry expertise, highlighting the importance of his role as the company focuses on enhancing its Commerce Media strategy.
Transform Materials announced the appointment of David Fox as chief commercial officer and promotion of Alex Shanosky to vice president of business development, aiming to enhance its global commercial presence. This strategic move reinforces Transform's commitment to decarbonizing industrial sectors via its innovative microwave plasma technology, which converts natural gas into acetylene and hydrogen without CO2 emissions. Fox's experience from Criteo and Shanosky's decade in the industrial gas sector are expected to drive new projects in industrial gas, transportation, chemicals, and advanced materials.