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