Criteo (CRTO) Reports 3Q Results; Evercore ISI Cuts Price Target to $35
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Criteo - Q3 2015 Results
November 4, 2015 9:06 AM ESTNEW YORK, November 4, 2015 /PRNewswire/ --
Criteo, a global performance marketing technology company, reports results for the third quarter of 2015. CFO Benoît Fouilland comments on results and priorities for the rest of the year.
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Criteo Reports Record Results For The Third Quarter 2015 And Reiterates Its Full-Year 2015 Outlook Despite Negative Foreign Exchange Impacts
November 4, 2015 7:00 AM ESTNEW YORK, Nov. 4, 2015 /PRNewswire/ --Â Criteo S.A. (NASDAQ: CRTO), the performance marketing technology company, today announced financial results for the third quarter ended September 30, 2015.
Revenue in the third quarter 2015 increased 54% (or 46% at constant currency1) to 299 million, compared with 194 million in the third quarter 2014. Revenue excluding Traffic Acquisition Costs, or Revenue ex-TAC, in the third quarter 2015 grew 55% (or 47% at constant currency) to 120 million, compared with 78 million in the third quarter 2014. Net income in the third quarter 2015 was 5 million, compared with 11 million in the third quarter 2014. Adjusted... More