Criteo (CRTO) Tops Q3 EPS by 8c; Guides Q4 Revs Below Street
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Criteo Reports Strong Results For The Third Quarter 2017 And Increases Adjusted EBITDA Margin Guidance For Fiscal Year 2017
November 1, 2017 7:01 AM EDTNEW YORK, Nov. 1, 2017 /PRNewswire/ -- Criteo S.A. (NASDAQ: CRTO), the leading commerce marketing technology company, today announced financial results for the third quarter ended September 30, 2017.
Revenue increased 33% (or 32% at constant currency1) to $564 million. Revenue excluding Traffic Acquisition Costs, or Revenue ex-TAC,2 grew 33% (or 32% at constant currency) to $234 million, or 42% of revenue. Adjusted EBITDA2 grew 48% (or 45% at constant currency) to $79 million, or 34% of Revenue ex-TAC. Cash flow from operating activities increased 41% to $62 million. Free Cash Flow2 increased 43% to $34 million. Net Income increased 51% to $22... More