- Criteo (NASDAQ:CRTO) gains 5.5% premarket on Q1 results that beat EPS and revenue estimates with a 15% Y/Y revenue growth. Downside Q2 guidance has revenue of $226M to $230M (consensus: $232.29) and EBITDA from $53M to $57M.
- Reaffirmed FY18 has revenue growth of 8% at constant currency and 3% ex-TAC. EBITDA margin expected from 28% to 30% of revenue ex-TAC.
- Regional revenue: Americas, $81M (+3% Y/Y; ex-TAC, constant currency); EMEA, $103M (+11%); Asia-Pacific, $57M (+10%).
- Key metrics: Cash flow from operations, $85M (+91% Y/Y); FCF, $52M (+224%); net income, $21M (+45%); client count, 18.5K (+20%); client retention rate, close to 90% for all products; adjusted EBITDA, $78M (+22%); operating expenses, $148M (+7%).
- Earnings call is scheduled for 8 AM Eastern with a webcast available here.
- Press release.
- Previously: Criteo S.A. beats by $0.14, beats on revenue (May 2)
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