Criteo (CRTO) Tops Q3 EPS by 5c; Guides Q4 Revs Below the Street, $80M Buyback
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Criteo Reports Results For The Third Quarter 2018, Announces Acquisition Of An Attractive App Install Advertising Solution, And Announces A $80M Share Repurchase Program
October 31, 2018 7:00 AM EDTNEW YORK, Oct. 31, 2018 /PRNewswire/ -- Criteo S.A. (NASDAQ: CRTO), the advertising platform for the open Internet, today announced financial results for the third quarter ended September 30, 2018.
Revenue decreased 6%, or 4% at constant currency1, year-over-year to $529Â million. Revenue excluding Traffic Acquisition Costs, or Revenue ex-TAC2, decreased 5%, or 2% at constant currency, year-over-year to $223Â million, or 42% of revenue. Adjusted EBITDA2 decreased 12%, or 11% at constant currency, year-over-year to $70Â million, or 31% of Revenue ex-TAC. Cash flow from operating activities decreased 19% year-over-year to $50Â million. Free Cash Flow2 was $21Â million. Net income... More