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

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

Criteo Reports Results For The First Quarter 2019, Adjusts 2019 Growth Outlook And Maintains Outlook For 2019 Profitability Margin

April 30, 2019 7:00 AM EDT

NEW YORK, April 30, 2019 /PRNewswire/ -- Criteo S.A. (NASDAQ: CRTO), the advertising platform for the open Internet, today announced financial results for the first quarter ended March 31, 2019.

Revenue increased 3% at constant currency1 to $558 million. Revenue excluding Traffic Acquisition Costs, or Revenue ex-TAC2, increased 2% at constant currency to $236 million, or 42.2% of revenue. Adjusted EBITDA2 decreased 6% at constant currency to $69 million, or 29.2% of Revenue ex-TAC. Cash flow from operating activities decreased 20% to $67 million. Free Cash Flow2 decreased 16% to $44 million. Net income increased... More