Criteo (CRTO) Pops Higher on Q3 Results, Raised Outlook
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Criteo Reports Record Results for the Third Quarter 2014 and Increases Full-Year 2014 Guidance
November 4, 2014 4:01 PM ESTNEW YORK, Nov. 4, 2014 (GLOBE NEWSWIRE) -- Criteo S.A. (Nasdaq: CRTO), the performance marketing technology company, today announced its financial results for the third quarter ended September 30, 2014.
Revenue in the third quarter 2014 increased 70.9% (or 71.9% at constant currency1) to 194.4 million, compared with 113.8 million in the third quarter 2013. Revenue excluding Traffic Acquisition Costs, or Revenue ex-TAC, in the third quarter 2014 grew 65.8% (or 66.5% at constant currency) to 77.6 million, compared with 46.8 million in the third quarter 2013. Net income in the third quarter 2014 increased by 8.4 million to 11.5 million, compared with 3.0 million in the third quarter 2013. Adjusted EBITDA... More