Criteo (CRTO) Tops Q1 EPS by 3c, Offers Guidance
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Criteo Reports Strong Results For The First Quarter 2017
May 3, 2017 7:00 AM EDTNEW YORK, May 3, 2017 /PRNewswire/ -- Criteo S.A. (NASDAQ: CRTO), the performance marketing technology company, today announced financial results for the first quarter ended March 31, 2017.
Revenue increased 29% (or 30% at constant currency1) to $517 million. Revenue excluding Traffic Acquisition Costs, or Revenue ex-TAC,2 grew 29% (or 30% at constant currency) to $210 million, or 41% of revenue. Adjusted EBITDA2 grew 16% (or 18% at constant currency) to $56 million, or 27% of Revenue ex-TAC. Cash flow from operating activities increased 134% to $44 million. Free Cash Flow2 increased 136% to $16 million. Net Income decreased 22% to... More