Criteo S.A. (CRTO) Tops Q1 EPS by 7c, Q2 Revenue Guidance Misses
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Criteo Reports Solid Results For The First Quarter 2020 Amidst A Challenging Environment
April 29, 2020 7:00 AM EDTNEW YORK, April 29, 2020 /PRNewswire/ -- Criteo S.A. (NASDAQ: CRTO), the global technology company powering the world's marketers with trusted and impactful advertising, today announced solid financial results for the first quarter ended March 31, 2020 in a challenging global environment marked by the outbreak of COVID-19.
Revenue decreased 10% year-over-year, or 8% at constant currency1, to $503 million. Revenue excluding Traffic Acquisition Costs, or Revenue ex-TAC2, decreased 13% year-over-year, or 11% at constant currency, to $206 million ($207 million at guidance rates), representing 41% of revenue. The COVID-19 outbreak negatively impacted Revenue by approximately $24 million, or... More