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CRTO - Criteo Looks Ahead to Another Challenging Year
Criteo S.A.
Criteo(NASDAQ: CRTO) released fourth-quarter 2019 results early Tuesday. The ad-retargeting technology company boasted moderated revenue declines and high customer retention rates, and it continued progress toward its multiproduct model. But with Google's recent decision to phase out third-party cookies in its Chrome browser still fresh on investors' minds, Criteo followed with disappointing guidance for the coming year. Shares of the already battered tech stock dropped nearly 7% in response.
Let's dig deeper to see how Criteo ended 2019, starting with its headline numbers: