CRTO - Criteo shares jumps following earnings beat upside revenue guidance; extends share buyback

Criteo (NASDAQ:CRTO) reports third-quarter results that topped analyst estimates and guided Q4 revenue above estimates. Revenue excluding traffic acquisition costs was up 13% year-over-year to $211M, beating consensus by $5.95M. Adjusted earnings of $0.64 per share was $0.28 above consensus. Gross profit increased by 16% year-over-year in Q3 2021, or 16% at constant currency, to $176M. Adjusted EBITDA grew 38% to $68M; Free cash flow decreased 8% to $35M. "We achieved yet another strong quarter of double-digit growth, driven by the acceleration of our new solutions and healthy performance in retargeting," said Megan Clarken, CEO. The company added 400 net new clients and closed the quarter with over 22,000 clients. "We added Lowe's, Walmart Canada, BestBuy and Douglas to our Retail Media Platform". For the fourth-quarter, Criteo (CRTO) expects revenue ex-TAC of $271-274M, above the $261.74M consensus; ; Adjusted EBITDA between $107M and $110M, or an Adjusted EBITDA margin of

For further details see:

Criteo shares jumps following earnings beat, upside revenue guidance; extends share buyback