Criteo S.A. ( (CRTO) ) has realeased its Q3 earnings. Here is a breakdown of the information Criteo S.A. presented to its investors.
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Criteo S.A. is a global commerce media company that empowers marketers and media owners to enhance commerce outcomes, focusing on delivering impactful advertising and supporting an open internet. The company’s Commerce Media Platform is a key feature, connecting numerous marketers and media owners worldwide.
The recent earnings report from Criteo S.A. highlights a record-setting performance in the third quarter of 2024, underscored by a robust increase in gross profit and significant cash flow from operations. Despite a slight dip in revenue, the company’s strategic initiatives have contributed to a strong financial standing, with plans to return a record $180 million of capital to its shareholders by the end of the year.
Criteo’s financial metrics reveal a 13% increase in gross profit to $232 million, and an impressive 925% surge in free cash flow to $39 million compared to the previous year. Additionally, the company’s adjusted EBITDA rose by 20%, reflecting efficient cost management and strategic growth. The Retail Media segment performed exceptionally well, with a 23% increase in contribution ex-TAC, while Performance Media also showed positive growth.
Looking forward, Criteo remains optimistic about its growth trajectory, with expectations for a 10-11% increase in contribution ex-TAC at constant currency for the full year 2024. The company is committed to maintaining its strategic focus on expanding its Commerce Media Platform, with continued investments aimed at driving shareholder value and enhancing operational efficiencies.
