Criteo S.A. (CRTO) tops Q1 EPS by 16c, taking more modest approach to 2019 growth outlook

Criteo S.A. (NASDAQ: CRTO) reported Q1 EPS of $0.60, $0.16 better than the analyst estimate of $0.44. Ex-tac revenue for the quarter came in at $236 million versus the consensus estimate of $234.45 million.

GUIDANCE:

• We believe that, due to delays in execution, some of the new capabilities we are building to achieve our company transformation are going to take more time to yield expected benefits. As a result, we are taking a more modest approach to our 2019 growth outlook but maintain our 2019 outlook for profitability margin, highlighting our commitment to profitability.

Criteo S.A. sees Q2 2019 revenue of $221-224 million, versus the consensus of $234.98 million.

• We expect Adjusted EBITDA to be between $50 million and $53 million.

Fiscal year 2019 guidance:

• We now expect Revenue ex-TAC growth for fiscal year 2019 to be between 0% and 2% at constant currency.
• Despite the lower guidance for Revenue ex-TAC, we maintain our expectation for an Adjusted EBITDA margin of approximately 30% of Revenue ex-TAC for fiscal year 2019.

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

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