Criteo (CRTO) Tops Q3 EPS by 11c

Criteo (NASDAQ: CRTO) reported Q3 EPS of $0.48, $0.11 better than the analyst estimate of $0.37. Revenue for the quarter came in at $177 million versus the consensus estimate of $173.47 million.

Operating Highlights

• We added over 1,000 net clients in Q3, a new record in Criteo's history, approaching 13,000 clients.
• Revenue ex-TAC from existing clients, live in Q3 2015 and still live in Q3 2016, grew 15% at constant currency.
• Close to 57% of our revenue was generated on mobile ads.
• Users matched through our Universal Match technology generated 52% of Revenue ex-TAC, reflecting the growing adoption of our solution and the high value of matched users for advertisers.
• Close to 7,000 advertisers are now live on dynamic ads on Facebook and Instagram.
• On October 25, 2016, we launched Criteo Predictive Search, a groundbreaking product that brings our proven performance-based approach to the large and fast-growing Google Shopping market.

GUIDANCE:

Criteo sees Q4 2016 revenue of $207-210 million, versus the consensus of $206.6 million.

For earnings history and earnings-related data on Criteo (CRTO) click here.

You May Also Be Interested In

• Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
• JPMorgan Starts ICICI Prudential Asset Management (ICICIAMC:IN) at Overweight
• Albertsons Media Collective Brings Sponsored Product Discovery to AI-Powered Conversational Search