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Mar 31, 2020
CRITEO Q1 2020 Earnings Report
Reported solid financial results amidst a challenging environment marked by the outbreak of COVID-19.
Key Takeaways
Criteo reported a 10% decrease in revenue year-over-year to $503 million, with a negative impact from COVID-19 estimated at $24 million. Net income decreased by 23% to $16 million, while free cash flow increased by 3% to $45 million. The company's cash position was $437 million as of March 31, 2020.
Revenue decreased 10% year-over-year, or 8% at constant currency, to $503 million.
Net income decreased 23% year-over-year to $16 million, representing 3% of revenue.
Free Cash Flow increased 3% to $45 million.
Cash position was $437 million as of March 31, 2020, up $18 million compared to Dec. 31, 2019.
Revenue by Geographic Location
Forward Guidance
Criteo expects Revenue ex-TAC to be between $140 million and $147 million, implying constant-currency decline of approximately 32% to 35%. Adjusted EBITDA is expected to be between $0 million and $7 million.
Challenges Ahead
- We expect Revenue ex-TAC to be between $140 million and $147 million, implying constant-currency decline of approximately 32% to 35%.
- We expect Adjusted EBITDA to be between $0 million and $7 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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