NEW YORK, May 5, 2015 (GLOBE NEWSWIRE) -- Criteo S.A. (Nasdaq:CRTO), the performance marketing technology company, today announced its financial results for the first quarter ended March 31, 2015.
Executive Quotes
"Our successful execution for six quarters as a public company validates our unique approach," said JB Rudelle, Criteo's co-founder & CEO. "We are excited about the huge opportunity we see ahead of us."
"Our investments are clearly paying off," said Benoit Fouilland, Chief Financial Officer. "In 2015, we intend to continue to invest to maximize our growth potential."
Operating Highlights
Revenue ex-TAC
Revenue ex-TAC grew 68% in the first quarter, or 55% at constant currency, to €105 million, compared with €63 million in the first quarter 2014. This year-over-year performance was primarily driven by the continuous roll-out of our improved technology on all devices, the steady growth of our client base across all geographies and client segments, and our continued success in broadening our publisher relationships.
Revenue ex-TAC margin in the first quarter was 40.2%, consistent with prior quarters.
Adjusted EBITDA and Operating Expenses
Adjusted EBITDA for the first quarter was €28 million, an increase of 94%, or 89% at constant currency, compared with €15 million in the first quarter 2014. This year-over-year increase in Adjusted EBITDA is primarily the result of the strong revenue ex-TAC performance in the quarter. In addition, slightly lower than expected hosting costs this quarter, due to a temporary shift in our data center expansion program, contributed to the increase in Adjusted EBITDA.
Adjusted EBITDA margin (as a percentage of revenue) in the first quarter was 10.7%, representing a 1.2 percentage point improvement compared with 9.5% in the first quarter 2014.
Operating expenses in the first quarter increased by 61% to €79 million, compared with the first quarter 2014. Our operating expenses in the first quarter, excluding the impact of share-based compensation, pension costs, depreciation and amortization and acquisition-related deferred price consideration, which we refer to as Non-IFRS Operating Expenses, were €71 million, an increase of 61% compared with the first quarter of 2014. This increase principally related to headcount growth, in particular in Research & Development and Sales & Operations, which increased by 48% and 69% year-over-year respectively, as we continued to scale the Criteo organization. We intend to continue to invest significantly in Research & Development and Sales & Operations in the current year to support our current and anticipated future growth. In addition, our Non-IFRS General & Administrative Expenses for the first quarter, expressed as a percentage of revenue, decreased by 1.7 percentage point year-over-year.
Net Income and Adjusted Net Income
Net income for the first quarter 2015 was €12 million, representing a €8 million increase compared with €4 million in the first quarter 2014. Net income available to shareholders of Criteo S.A. for the first quarter 2015 was €11 million, or €0.176 per diluted share, compared with €3 million, or €0.055 per diluted share, in the first quarter 2014.
Adjusted Net Income for the first quarter 2015, or our net income adjusted to eliminate the impact of share-based compensation expense, amortization of acquisition-related intangible assets and acquisition-related deferred price consideration and the tax impact of these adjustments, was €18 million, representing a €11 million increase compared with €8 million in the first quarter 2014.
Cash Flow and Cash Position
Business Outlook
The following forward-looking statements reflect Criteo's expectations as of May 5, 2015.
Second Quarter 2015 Guidance:
Fiscal Year 2015 Guidance:
The above guidance assumes no additional acquisitions are completed during the second quarter or the fiscal year 2015.
Non-IFRS Financial Measures
This press release and its attachments include the following financial measures defined as non-IFRS financial measures by the U.S. Securities and Exchange Commission (SEC): Revenue ex-TAC, Revenue ex-TAC by Region, Adjusted EBITDA, Adjusted Net Income, Free Cash Flow, Non-IFRS Operating Expenses, Revenue ex-TAC margin and Adjusted EBITDA margin. These measures are not calculated in accordance with the International Financial Reporting Standards, as issued by the International Accounting Standards Board (IFRS).
Revenue ex-TAC is our revenue excluding Traffic Acquisition Costs (TAC) generated over the applicable measurement period and Revenue ex-TAC by region reflects our Revenue ex-TAC by our core geographies. Revenue ex-TAC and Revenue ex-TAC by region are key measures used by our management and board of directors to evaluate our operating performance, generate future operating plans and make strategic decisions regarding the allocation of capital. In particular, we believe that the elimination of TAC from revenue can provide a useful measure for period-to-period comparisons of our core business and across our core geographies. Accordingly, we believe that Revenue ex-TAC and Revenue ex-TAC by Region provide useful information to investors and the market generally in understanding and evaluating our operating results in the same manner as our management and board of directors.
Adjusted EBITDA is our income (loss) from operations before interest, taxes, depreciation and amortization, adjusted to eliminate the impact of share-based compensation expense, pension service costs and acquisition-related deferred price consideration. Adjusted EBITDA is a key measure used by our management and board of directors to understand and evaluate our core operating performance and trends, to prepare and approve our annual budget and to develop short‑ and long-term operational plans. In particular, we believe that by eliminating non-cash compensation expense, pension costs and acquisition-related deferred price consideration, Adjusted EBITDA can provide a useful measure for period-to-period comparisons of our core business.
Adjusted Net Income is our net income adjusted to eliminate the impact of share-based compensation expense, amortization of acquisition-related intangible assets, acquisition-related deferred price consideration, and the tax impact of these adjustments. Adjusted Net Income is a key measure used by our management and board of directors to evaluate operating performance, generate future operating plans and make strategic decisions regarding the allocation of capital. In particular, we believe that by eliminating share-based compensation expense, amortization of acquisition-related intangible assets and acquisition-related deferred price consideration and the tax impact of these adjustments, Adjusted Net Income can provide a useful measure for period-to-period comparisons of our core business. Accordingly, we believe that Adjusted Net Income provides useful information to investors and the market generally in understanding and evaluating our results of operations in the same manner as our management and board of directors.
Please refer to supplemental financial tables provided in the appendix of this press release for a reconciliation of Revenue ex-TAC to revenue, Revenue ex-TAC by Region to revenue by geography, Adjusted EBITDA to net income, Adjusted Net Income to net income and Free Cash Flow to cash flow from operating activities, the most comparable IFRS measurements. Our use of non-IFRS financial measures has limitations as analytical tools, and you should not consider them in isolation or as a substitute for analysis of our financial results as reported under IFRS. Some of these limitations are: (1) other companies, including companies in our industry which have similar business arrangements, may address the impact of TAC differently; and (2) other companies may report Revenue ex-TAC, Revenue ex-TAC by Region, Adjusted EBITDA, Adjusted Net Income or similarly titled measures but calculate them differently or over different regions, which reduces their usefulness as comparative measures. Because of these and other limitations, you should consider these measures alongside our other IFRS-based financial performance measures, such as revenue, net income and our other financial results.
With respect to our expectations under "Business Outlook" above, reconciliation of Revenue ex-TAC and Adjusted EBITDA guidance to the closest corresponding IFRS measure is not available without unreasonable efforts on a forward-looking basis due to the high variability, complexity and low visibility with respect to the charges excluded from these non-IFRS measures; in particular, the measures and effects of stock-based compensation expense specific to equity compensation awards that are directly impacted by unpredictable fluctuations in our stock price. We expect the variability of the above charges to have a significant, and potentially unpredictable, impact on our future IFRS financial results.
These measures may be different than non-IFRS financial measures used by other companies. The presentation of this financial information is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with IFRS. Explanations of the Company's non-IFRS financial measures, and reconciliations of these financial measures to the IFRS financial measures the Company considers most comparable, are included in the accompanying tables below.
Forward-Looking Statements Disclosure
This press release contains forward-looking statements, including projected financial results for the quarter ending June 30, 2015 and the fiscal year ending December 31, 2015, our expectations regarding our market opportunity and future growth prospects and other statements that are not historical facts, and involve risks and uncertainties that could cause actual results to differ materially. Factors that might cause or contribute to such differences include, but are not limited to: recent growth rates not being indicative of future growth, uncertainty regarding legislative, regulatory or self-regulatory developments regarding data privacy matters, uncertainty regarding our ability to access a consistent supply of internet display advertising inventory and expand access to such inventory, the investments in new business opportunities and the timing of these investments, the impact of competition, our ability to manage growth, potential fluctuations in operating results, our ability to grow our base of clients, uncertainty regarding international growth and expansion, and the financial impact of maximizing revenue ex-TAC, as well as risks related to future opportunities and plans, including the uncertainty of expected future financial performance and results and those risks detailed from time-to-time under the caption "Risk Factors" and elsewhere in the Company's SEC filings and reports, including the Company's Annual Report on Form 20-F filed with the SEC on March 27, 2015, as well as future filings and reports by the Company. The Company undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events, changes in expectations or otherwise.
Conference Call Information
Criteo will hold a conference call today, May 5, 2015, at 8:00am ET, 2:00pm CET, to discuss Criteo's first quarter 2015 operating and financial results, as well as other forward-looking information about Criteo's business.
Conference call details are:
The conference call will also be webcast simultaneously at ir.criteo.com.
About Criteo
Criteo delivers personalized performance marketing at an extensive scale. Measuring return on post-click sales, Criteo makes ROI transparent and easy to measure. Criteo has over 1,500 employees in 24 offices across the Americas, EMEA and Asia-Pacific, serving over 7,000 advertisers worldwide and with direct relationships with over 10,000 publishers.
For more information, please visit www.criteo.com
1 Variations at constant currency exclude the impact of foreign currency fluctuations and are computed by applying the 2014 average exchange rates to 2015 figures.
| CRITEO S.A. | |||
| Consolidated Statement of Income | |||
| (Euros in thousands, except per share data) | |||
| (unaudited) | |||
| Three Months Ended | |||
| March 31, | |||
| 2014 | 2015 | Year-over-year growth |
|
| Revenue | 152,520 | 261,523 | 71.5% |
| Cost of revenue | |||
| Traffic Acquisition cost (TAC) | (89,787) | (156,364) | 74.1% |
| Other cost of revenue | (7,446) | (11,530) | 54.8% |
| Gross Profit | 55,287 | 93,629 | 69.4% |
| Research & development expenses | (10,028) | (16,051) | 60.1% |
| Sales & operations expenses | (27,222) | (47,103) | 73.0% |
| General & administrative expenses | (11,815) | (15,701) | 32.9% |
| Total operating expenses | (49,065) | (78,855) | 60.7% |
| Income from operations | 6,222 | 14,774 | 137.5% |
| Financial income | 805 | 3,489 | 333.4% |
| Income before taxes | 7,027 | 18,263 | 159.9% |
| Provision for income taxes | (3,205) | (6,323) | 97.3% |
| Net income (loss) | 3,822 | 11,940 | 212.4% |
| - Net income (loss) available to shareholders of Criteo SA | 3,491 | 11,376 | |
| - Net income (loss) available to non-controlling interests | 331 | 564 | |
| Net income (loss) allocated to shareholders per share | |||
| - Basic | 0.061 | 0.186 | |
| - Diluted | 0.055 | 0.176 | |
| Weighted average shares outstanding used in computing per share amounts | |||
| Basic | 57,069,106 | 61,174,168 | |
| Diluted | 63,658,402 | 64,778,554 | |
| CRITEO S.A. | ||
| Consolidated Statement of Financial Position | ||
| (Euros in thousands) | ||
| (unaudited) | ||
| December 31, | March 31, | |
| 2014 | 2015 | |
| Goodwill | 22,944 | 43,114 |
| Intangible assets | 10,560 | 9,098 |
| Property, plant and equipment | 43,027 | 49,866 |
| Non-current financial assets | 9,494 | 13,126 |
| Deferred tax assets | 7,113 | 7,976 |
| TOTAL NON-CURRENT ASSETS | 93,138 | 123,180 |
| Trade receivables | 158,633 | 177,760 |
| Current tax assets | 2,883 | 2,807 |
| Other current assets | 21,021 | 31,305 |
| Cash and cash equivalents | 289,784 | 294,057 |
| TOTAL CURRENT ASSETS | 472,321 | 505,928 |
| TOTAL ASSETS | 565,459 | 629,108 |
| Share capital | 1,523 | 1,538 |
| Additional paid-in capital | 265,522 | 267,929 |
| Currency translation reserve | 4,804 | 8,625 |
| Consolidated reserves | 35,302 | 76,038 |
| Retained earnings | 34,354 | 11,376 |
| Equity - attributable to shareholders of Criteo SA | 341,505 | 365,506 |
| Non-controlling interests | 1,433 | 2,263 |
| TOTAL EQUITY | 342,938 | 367,769 |
| Financial liabilities - non-current portion | 4,333 | 4,177 |
| Retirement benefit obligation | 1,024 | 1,259 |
| Deferred tax liabilities | 946 | 943 |
| TOTAL NON-CURRENT LIABILITIES | 6,303 | 6,379 |
| Financial liabilities - current portion | 7,841 | 11,297 |
| Provisions | 1,131 | 327 |
| Trade payables | 135,557 | 164,867 |
| Current tax liabilities | 7,969 | 11,635 |
| Other current liabilities | 63,719 | 66,834 |
| TOTAL CURRENT LIABILITIES | 216,217 | 254,960 |
| TOTAL LIABILITIES | 222,520 | 261,339 |
| TOTAL EQUITY AND LIABILITIES | 565,459 | 629,108 |
| CRITEO S.A. | ||
| Consolidated Statement of Cash Flows | ||
| (Euros in thousands) | ||
| (unaudited) | ||
| Three Months Ended | ||
| March 31, | ||
| 2014 | 2015 | |
| Net income (loss) | 3,822 | 11,940 |
| Non-cash and non-operating items | 11,226 | 22,834 |
| - Amortization and provisions | 4,836 | 7,346 |
| - Share-based payment expense | 3,255 | 5,628 |
| - Net gain or loss on disposal of non-current assets | 1 | 3 |
| - Interest paid | -- | 3 |
| - Non-cash financial income and expenses | (71) | 3,532 |
| - Change in deferred taxes | 727 | -- |
| - Income tax for the period | 2,478 | 6,323 |
| Changes in working capital related to operating activities | (3,783) | 4,668 |
| - (Increase) / decrease in trade receivables | (8,906) | (8,375) |
| - Increase / (decrease) in trade payables | 9,404 | 21,267 |
| - (Increase) / decrease in other current assets | (6,975) | (9,458) |
| - Increase / (decrease) in other current liabilities | 2,694 | 1,233 |
| Income taxes paid | 172 | (3,020) |
| CASH FROM OPERATING ACTIVITIES | 11,437 | 36,421 |
| Acquisition of intangible assets, property, plant and equipment | (3,781) | (11,436) |
| Proceeds from disposal of intangible assets, property, plant and equipment | 11 | 1 |
| FREE CASH FLOW | 7,667 | 24,986 |
| Investments | (15,980) | (15,274) |
| Change in other non-current financial assets | (42) | (3,335) |
| CASH USED FOR INVESTING ACTIVITIES | (19,791) | (30,043) |
| Issuance of long-term borrowings | -- | 735 |
| Repayment of borrowings | (1,255) | (2,951) |
| Interests paid | -- | (3) |
| Proceeds from capital increase | 16,788 | 2,463 |
| Change in other financial liabilities | 4 | (911) |
| CASH FROM (USED FOR) FINANCING ACTIVITIES | 15,537 | (667) |
| CHANGE IN NET CASH & CASH EQUIVALENTS | 7,183 | 5,712 |
| Net cash & cash equivalents at beginning of period | 234,342 | 289,784 |
| Effect of exchange rates changes on cash and cash equivalents | 262 | (1,439) |
| Net cash & cash equivalents at end of period | 241,786 | 294,057 |
| CRITEO S.A. | |||||
| Reconciliation of Revenue ex-TAC by Region to Revenue by Region | |||||
| (Euros in thousands) | |||||
| (unaudited) | |||||
| Three Months Ended | |||||
| March 31, | |||||
| Region | 2014 | 2015 | Year-over-year growth |
Year-over-year growth at constant currency |
|
| Revenue | Americas | 37,630 | 89,460 | 137.7% | 101.0% |
| EMEA | 83,853 | 117,532 | 40.2% | 37.8% | |
| Asia-Pacific | 31,037 | 54,531 | 75.7% | 63.1% | |
| Total | 152,520 | 261,523 | 71.5% | 58.6% | |
| Traffic acquisition costs | Americas | (22,905) | (54,446) | 137.7% | 101.1% |
| EMEA | (48,533) | (69,482) | 43.2% | 40.6% | |
| Asia-Pacific | (18,349) | (32,436) | 76.8% | 64.7% | |
| Total | (89,787) | (156,364) | 74.1% | 61.0% | |
| Revenue ex-TAC | Americas | 14,725 | 35,015 | 137.8% | 100.8% |
| EMEA | 35,320 | 48,050 | 36.0% | 34.0% | |
| Asia-Pacific | 12,688 | 22,095 | 74.1% | 60.9% | |
| Total | 62,733 | 105,160 | 67.6% | 55.1% | |
| CRITEO S.A. | ||
| Reconciliation of Adjusted EBITDA to Net Income | ||
| (Euros in thousands) | ||
| (unaudited) | ||
| Three Months Ended | ||
| March 31, | ||
| 2014 | 2015 | |
| Net income (loss) | 3,822 | 11,940 |
| Adjustments: | ||
| Financial (income) expense | (805) | (3,489) |
| Provision for income taxes | 3,205 | 6,323 |
| Share-based compensation expense | 3,256 | 5,626 |
| Research and development | 606 | 1,321 |
| Sales and operations | 1,870 | 3,075 |
| General and administrative | 780 | 1,231 |
| Service cost-pension | 109 | 100 |
| Research and development | 50 | 37 |
| Sales and operations | 26 | 35 |
| General and administrative | 33 | 28 |
| Depreciation and amortization expense | 4,507 | 7,492 |
| Cost of revenue | 3,309 | 5,308 |
| Research and development | 412 | 1,017 |
| Sales and operations | 599 | 881 |
| General and administrative | 187 | 286 |
| Acquisition-related deferred price consideration | 411 | 98 |
| Research and development | 411 | 98 |
| Sales and operations | -- | -- |
| General and administrative | -- | -- |
| Total net adjustments | 10,683 | 16,151 |
| Adjusted EBITDA | 14,505 | 28,091 |
| CRITEO S.A. | ||
| Detailed Information on Selected Items | ||
| (Euros in thousands) | ||
| (unaudited) | ||
| Three Months Ended | ||
| March 31, | ||
| 2014 | 2015 | |
| Share-Based Compensation Expense | ||
| Research and development | (606) | (1,321) |
| Sales and operations | (1,870) | (3,075) |
| General and administrative | (780) | (1,231) |
| Total Share-Based Compensation Expense | (3,256) | (5,626) |
| Pension costs | ||
| Research and development | (50) | (37) |
| Sales and operations | (26) | (35) |
| General and administrative | (33) | (28) |
| Total Pension costs | (109) | (100) |
| Depreciation and Amortization Expense | ||
| Cost of revenue | (3,309) | (5,308) |
| Research and development | (412) | (1,017) |
| Sales and operations | (599) | (881) |
| General and administrative | (187) | (286) |
| Total Depreciation and Amortization Expense | (4,507) | (7,492) |
| Acquisition-related deferred price consideration | ||
| Research and development | (411) | (98) |
| Sales and operations | -- | -- |
| General and administrative | -- | -- |
| Total Acquisition-related deferred price consideration | (411) | (98) |
| CRITEO S.A. | ||
| Reconciliation of Adjusted Net Income to Net Income | ||
| (Euros in thousands) | ||
| (unaudited) | ||
| Three Months Ended | ||
| March 31, | ||
| 2014 | 2015 | |
| Net income (loss) | 3,822 | 11,940 |
| Adjustments: | ||
| Share-based compensation expense | 3,256 | 5,626 |
| Amortization of acquisition-related intangible assets | 180 | 825 |
| Acquisition-related deferred price consideration | 411 | 98 |
| Tax impact of the above adjustments | (38) | (117) |
| Total net adjustments | 3,809 | 6,432 |
| Adjusted net income (loss) | 7,631 | 18,372 |
| CRITEO S.A. | |||
| Constant Currency Reconciliation | |||
| (Euros in thousands) | |||
| (unaudited) | |||
| Three Months Ended | |||
| March 31, | |||
| 2014 | 2015 | Year-over- year growth |
|
| Revenue as reported | 152,520 | 261,523 | 71.5% |
| Conversion impact euro/other currencies | (19,679) | ||
| Revenue at constant currency | 152,520 | 241,845 | 58.6% |
| Traffic acquisition costs as reported | 89,787 | 156,364 | 74.1% |
| Conversion impact euro/other currencies | (11,818) | ||
| Traffic acquisition costs at constant currency | 89,787 | 144,546 | 61.0% |
| Revenue ex-TAC as reported | 62,733 | 105,160 | 67.6% |
| Conversion impact euro/other currencies | (7,861) | ||
| Revenue ex-TAC at constant currency | 62,733 | 97,299 | 55.1% |
| Revenue ex-TAC / Revenue as reported | 41.1% | 40.2% | |
| Other cost of revenue as reported | 7,446 | 11,530 | 54.8% |
| Conversion impact euro/other currencies | (1,206) | ||
| Other cost of revenue at constant currency | 7,446 | 10,324 | 38.7% |
| Adjusted EBITDA | 14,505 | 28,091 | 93.7% |
| Conversion impact euro/other currencies | (737) | ||
| Adjusted EBITDA at constant currency | 14,505 | 27,354 | 88.6% |
| CRITEO S.A. | ||
| Information on share count | ||
| (unaudited) | ||
| 2014 | 2015 | |
| Shares outstanding as at January 1, | 56,856,070 | 60,902,695 |
| Weighted average number of shares issued during the period | 213,036 | 271,473 |
| Basic number of shares as at March 31, - Basic EPS basis | 57,069,106 | 61,174,168 |
| Dilutive effect of share options, warrants, employee warrants - Treasury method | 6,589,296 | 3,604,386 |
| Diluted number of shares as at March 31, - Diluted EPS basis | 63,658,402 | 64,778,554 |
| Shares outstanding as at March 31, | 57,695,393 | 61,517,945 |
| Total dilutive effect of share options, warrants, employee warrants | 9,258,663 | 7,769,195 |
| Fully diluted shares as at March 31, | 66,954,056 | 69,287,140 |
| CRITEO S.A. | ||||||||||
| Supplemental Financial Information and Operating Metrics | ||||||||||
| (unaudited) | ||||||||||
| Q2 2013 |
Q3 2013 |
Q4 2013 |
Q1 2014 |
Q2 2014 |
Q3 2014 |
Q4 2014 |
Q1 2015 |
YoY Change |
QoQ Change |
|
| Clients | 4,274 | 4,631 | 5,072 | 5,567 | 6,131 | 6,581 | 7,190 | 7,832 | 40.7% | 8.9% |
| Revenue ('000 euros) | 99,400 | 113,811 | 135,889 | 152,520 | 165,317 | 194,449 | 232,796 | 261,523 | 71.5% | 12.3% |
| Americas | 28,846 | 30,473 | 38,660 | 37,630 | 46,942 | 58,602 | 85,598 | 89,460 | 137.7% | 4.5% |
| EMEA | 53,348 | 59,732 | 70,291 | 83,853 | 84,187 | 93,885 | 104,480 | 117,532 | 40.2% | 12.5% |
| APAC | 17,206 | 23,606 | 26,937 | 31,037 | 34,187 | 41,962 | 42,718 | 54,531 | 75.7% | 27.7% |
| Revenue ex-TAC ('000 euros) | 40,032 | 46,815 | 54,855 | 62,733 | 67,022 | 77,596 | 96,303 | 105,160 | 67.6% | 9.2% |
| Americas | 11,124 | 11,896 | 15,108 | 14,725 | 18,600 | 23,106 | 33,432 | 35,015 | 137.8% | 4.7% |
| EMEA | 21,807 | 25,358 | 29,057 | 35,320 | 35,101 | 38,666 | 46,030 | 48,050 | 36.0% | 4.4% |
| APAC | 7,101 | 9,561 | 10,690 | 12,688 | 13,321 | 15,824 | 16,841 | 22,095 | 74.1% | 31.2% |
| Cash flow from operating activities ('000 euros) | 4,134 | 3,731 | 12,255 | 11,437 | 11,162 | 25,481 | 39,555 | 36,421 | 218.4% | -7.9% |
| Capital expenditures ('000 euros) | 6,590 | 5,737 | 7,187 | 3,781 | 10,459 | 11,156 | 9,993 | 11,436 | 202.5% | 14.4% |
| Net Cash Position ('000 euros) | 47,893 | 39,839 | 234,343 | 241,786 | 242,895 | 256,719 | 289,784 | 294,057 | 21.6% | 1.5% |
| Days Sales Outstanding (days - end of month) | 56.7 | 55.6 | 53.5 | 53.8 | 57.1 | 56.6 | 54.7 | 56.5 | 5.0% | 3.2% |
CONTACT:
Criteo Investor Relations
Edouard Lassalle, Head of IR
e.lassalle@criteo.com
Friederike Edelmann
f.edelmann@criteo.com
Criteo Public Relations
Emma Ferns, Global PR director
e.ferns@criteo.com
