CRTO - Criteo rises 4.5% tags 3.5-year high after easy Q1 beat and strong guidance

Criteo (CRTO) is up 4.5% today, and hitting a 3.5-year high, after a solid first-quarter beat also contained upbeat guidance for the current quarter. Revenues (ex-TAC) grew by 3.4% (to $213M) but topped high-end estimates. That margin was 39%, down two points year-over year. Same-client revenue rose 8% overall, or 3% ex-TAC at constant currency. New solutions grew 60% at constant currency, while retail media revenues grew 69% (ex-TAC, 122%). Adjusted EBITDA grew 28% to $76M (also topping highest estimates). The company says net new live client adds were more than 120 in Q1; it closed the quarter with 20,626 clients. Free cash flow jumped 41% to $64M. Earnings call presentation Earnings call transcript Press release

For further details see:

Criteo rises 4.5%, tags 3.5-year high after easy Q1 beat and strong guidance