Caesars Entertainment misses Q2 earnings expectations, shares edge lower
NEW YORK - Criteo S.A. (NASDAQ:CRTO) reported first quarter results that beat analyst estimates on both the top and bottom lines on Friday.
The company’s shares were up 2.05% in premarket trading following the release.
Criteo posted adjusted earnings per share of $1.10 for Q1, surpassing the consensus estimate of $0.78 by $0.32. Revenue came in at $451 million, well above expectations of $259.76 million.
The company’s Contribution ex-TAC, a key profitability metric, increased 4% year-over-year to $264.4 million. Adjusted EBITDA rose 30% to $92.1 million.
"Our results this quarter demonstrate strong execution and a solid foundation to build on," said CEO Michael Komasinski. "Criteo sits at the center of commerce and media, a powerful combination."
For the second quarter, Criteo expects Contribution ex-TAC between $272 million and $278 million. The company maintained its full-year 2025 outlook for low-single-digit growth in Contribution ex-TAC at constant currency.
Criteo deployed $56 million to repurchase shares during the first quarter. The company ended Q1 with $286 million in cash and cash equivalents.
While macro uncertainties remain, CFO Sarah Glickman said Criteo’s "resilient business model and strong financial foundation position us well to drive results for our clients and protect margins and cash flow."
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