Core Insights - Criteo S.A. reported revenue of $334.4 million for Q4 2024, marking a year-over-year increase of 5.7% and exceeding the Zacks Consensus Estimate of $327.03 million by 2.25% [1] - The company's EPS for the quarter was $1.75, up from $1.52 a year ago, representing an EPS surprise of 28.68% against the consensus estimate of $1.36 [1] Financial Performance Metrics - Total revenue for the quarter was $553.04 million, which fell short of the average estimate of $578.41 million, reflecting a year-over-year decrease of 2.3% [4] - Revenue from Traffic Acquisition Costs (TAC) was reported at $218.64 million, significantly lower than the estimated $251.37 million, indicating a year-over-year decline of 12.5% [4] - Contribution revenue excluding TAC was $334.40 million, surpassing the estimate of $327.03 million, with a year-over-year increase of 5.7% [4] - Retail Media revenue reached $91.89 million, exceeding the average estimate of $84.95 million, and showing a robust year-over-year growth of 20% [4] - Performance Media revenue was reported at $461.15 million, below the average estimate of $485.66 million [4] Client and Geographic Revenue Insights - Criteo's client count increased to 17,269, surpassing the estimated 17,155 [4] - Geographic revenue breakdown showed: - Americas: $274.62 million, slightly below the estimate of $277.88 million, with a year-over-year decline of 2.1% [4] - APAC: $95.04 million, above the estimate of $94.35 million, reflecting a year-over-year decrease of 1.4% [4] - EMEA: $183.37 million, below the estimate of $198.39 million, with a year-over-year decline of 3.1% [4] Stock Performance - Criteo's stock has returned -1.2% over the past month, contrasting with the S&P 500 composite's increase of 1.7% [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

Financial Performance - Q4 2024 revenue was $553 million, a decrease of 2% year-over-year, while gross profit increased by 9% to $301 million[2]. - Fiscal year 2024 revenue totaled $1.9 billion, a decrease of 1% year-over-year, with gross profit rising 14% to $983 million[6]. - Net income for Q4 2024 was $72 million, or $1.23 per diluted share, representing a 16% increase from Q4 2023[8]. - Adjusted EBITDA for fiscal year 2024 was $390 million, a 29% increase year-over-year, with an adjusted EBITDA margin of 35%[17]. - Revenue for Q4 2024 was $553,035, a decrease of 2% compared to $566,302 in Q4 2023[49]. - Gross profit increased by 9% year-over-year to $300,971 in Q4 2024, up from $276,626 in Q4 2023[55]. - Adjusted EBITDA for Q4 2024 reached $144,008,000, a 4% increase from $138,645,000 in Q4 2023, while for the full year, it increased by 29% to $390,118,000 from $301,798,000[61]. - Adjusted net income for Q4 2024 was $100,840,000, an 11% increase from $90,905,000 in Q4 2023, and for the full year, it increased by 40% to $267,867,000 from $191,299,000[65]. Contribution and Profitability Metrics - Contribution ex-TAC for Q4 2024 was $334 million, up 6% year-over-year, and increased by 7% at constant currency[5]. - Retail Media Contribution ex-TAC grew 25% year-over-year at constant currency in 2024, with a retention rate of 128%[3]. - Contribution ex-TAC for Q4 2024 was $334,399, a 6% increase from $316,376 in Q4 2023[55]. - Contribution ex-TAC is a profitability measure akin to gross profit, which is crucial for evaluating operating performance and making strategic decisions[33]. Cash Flow and Capital Management - Cash flow from operating activities for Q4 2024 was $169 million, with Free Cash Flow of $146 million[19]. - Free Cash Flow is defined as cash flow from operating activities less net acquisition of intangible assets, property, plant, and equipment, indicating the company's ability to generate cash[36]. - The company deployed $225 million for share repurchases in 2024, with an increased remaining share buyback authorization of up to $200 million[4]. - The Board approved an increase in the share repurchase program from up to $630 million to up to $805 million[29]. - The company plans to continue its stock purchase program based on market conditions and other factors, with no minimum purchase requirement[30]. Balance Sheet and Assets - Total assets decreased from $2,391,549 thousand as of December 31, 2023, to $2,266,449 thousand as of December 31, 2024, representing a decline of approximately 5.2%[47]. - Cash and cash equivalents decreased from $336,341 thousand in 2023 to $290,693 thousand in 2024, a reduction of about 13.6%[47]. - Trade receivables increased from $775,589 thousand in 2023 to $800,859 thousand in 2024, reflecting an increase of approximately 3.2%[47]. - Total current liabilities decreased from $1,140,117 thousand in 2023 to $1,046,600 thousand in 2024, a decrease of about 8.2%[47]. - The company reported a decrease in total equity from $1,111,391 thousand in 2023 to $1,081,097 thousand in 2024, a decline of approximately 2.7%[47]. Operational Metrics - Client count declined by 5% YoY to 17,269, with a slight increase of 1% QoQ from 17,162[73]. - Headcount decreased by 2% YoY to 3,507, with a minimal increase of 0.1% QoQ from 3,504[73]. - Days Sales Outstanding increased by 4 days QoQ to 62 days, compared to 65 days in the previous quarter[73]. Market and Growth Outlook - For fiscal year 2025, the company is targeting mid-single-digit growth in Contribution ex-TAC at constant currency[24]. - The company has a significant focus on market expansion and innovation, with forward-looking statements indicating expectations for future growth opportunities[40].

Core Insights - Criteo S.A. appointed Michael Komasinski as the new Chief Executive Officer, effective February 15, 2025, succeeding Megan Clarken [22][23] - The company deployed a record $225 million for share repurchases in 2024, with the remaining share buyback authorization increased to $200 million [8][27] - Criteo is targeting mid-single-digit growth in Contribution ex-TAC for 2025 [24][32] Financial Highlights - For Q4 2024, revenue was $553 million, a decrease of 2% year-over-year, while gross profit increased by 9% to $301 million [6][9] - Fiscal year 2024 revenue totaled $1.9 billion, down 1% from the previous year, with gross profit rising 14% to $983 million [7][13] - Net income for Q4 2024 was $72 million, up 16% year-over-year, and for the fiscal year, net income reached $115 million, a 110% increase [10][14] Non-GAAP Financial Metrics - Contribution ex-TAC for Q4 2024 was $334 million, reflecting a 6% year-over-year increase, while for the fiscal year, it was $1.1 billion, up 10% [6][13] - Adjusted EBITDA for Q4 2024 was $144 million, a 4% increase year-over-year, and for the fiscal year, it was $390 million, representing a 29% increase [11][15] - Free Cash Flow for Q4 2024 was $146 million, up 3% year-over-year, and for the fiscal year, it was $182 million, a 65% increase [17][35] Operating Performance - Retail Media Contribution ex-TAC grew 25% year-over-year at constant currency in 2024, while Performance Media Contribution ex-TAC increased by 8% [8][19] - The company expanded its platform adoption to 3,500 brands and 225 retailers, including Harrods [8] - Criteo's media spend was $4.3 billion in 2024, growing 5% year-over-year at constant currency [8][19] Shareholder Value Initiatives - The company demonstrated a commitment to shareholder value by increasing its share repurchase program from $630 million to $805 million [27][28] - The share repurchase program aims to limit future dilution for shareholders and fund potential acquisitions [27][28]

Company Leadership Transition - Criteo S.A. has appointed Michael Komasinski as the new Chief Executive Officer, effective February 15, 2025, succeeding Megan Clarken, who is retiring [1][2] - Komasinski brings over 20 years of experience in AdTech and has a proven track record of driving growth and managing global organizations [2][3] Strategic Vision and Goals - The Board of Directors emphasizes the need for a leader to spearhead Criteo's AI-fueled transformation and enhance its position as a leading Commerce Media Platform [2] - Komasinski expressed excitement about the growth opportunities in media driven by advancements in AI and the rise of e-commerce, aiming to deliver compelling commerce solutions and drive shareholder value [3] Background and Experience of New CEO - Komasinski has held significant roles at dentsu, including CEO of the Americas and President of Global Data & Technology, where he led technological transformations and integrated AI into products [2][3] - He has extensive experience in retail media and has previously overseen a large workforce at Merkle, contributing to his leadership capabilities [3] Company Overview - Criteo is a global commerce media company that connects marketers and media owners to enhance consumer experiences from product discovery to purchase [4] - The company supports an open internet through impactful advertising, fostering innovation and choice for consumers [4]

Tech investors often skip over ad-tech companies because they don’t know much about their operations or see them as just another cog in the digital marketing machine. However, these companies may provide an attractive avenue to take part in theRick is a Wall Street Journal best-selling author with over 20 years of experience trading stocks and options. The most authoritative publications, including Good Morning America, Washington Post, Yahoo Finance, MSN, Business Insider, NBC, FOX, CBS, and ABC News, cove ...

This bull market has been running rampant for more than two years, but it's an unusual one. Most bull runs don't have to share time with inflation crises, and the monetary pressure that started to build in 2021 is finally easing. The macroeconomic boost from that shift could keep this bull running longer than usual.While the bullish trend has been having a broad impact on the stock market, some stocks can be expected to benefit more than others as the investor-friendly run continues. These two supercharged ...

Live Webcast Available Today at 8:30 a.m. ETNEW YORK, Nov. 18, 2024 /PRNewswire/ -- Criteo S.A. (NASDAQ: CRTO), the Commerce Media company, will discuss the Company's strategy for long-term sustainable growth during its virtual Retail Media Investor Update today. Presentations will begin at 8:30 a.m. ET and will be accessible at that time on the investor section of the Company's website: https://criteo.investorroom.com/Retail-Media-Investor-Update.Megan Clarken, Chief Executive Officer, said, "Criteo is the ...

Criteo S.A. (NASDAQ:CRTO) Q3 2024 Earnings Conference Call October 30, 2024 8:00 AM ET Company Participants Melanie Dambre – Vice President-Investor Relations Megan Clarken – Chief Executive Officer Sarah Glickman – Chief Financial Officer Todd Parsons – Chief Product Officer Conference Call Participants Mark Zgutowicz – Benchmark Company Mark Kelley – Stifel Ygal Arounian – Citigroup Bryan Smilek – JPMorgan Alec Brondolo – Wells Fargo Brian Pitz – BMO Capital Markets Tim Nollen – Macquarie Tom White – D.A. ...

For the quarter ended September 2024, Criteo S.A. (CRTO) reported revenue of $266.1 million, up 8.4% over the same period last year. EPS came in at $0.96, compared to $0.71 in the year-ago quarter. The reported revenue represents a surprise of -0.27% over the Zacks Consensus Estimate of $266.83 million. With the consensus EPS estimate being $0.84, the EPS surprise was +14.29%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Str ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 for the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 for the transition period from _________ to _________ | --- | --- | --- | --- | |-------------------------------------------------------------------------------------------------------- ...