CRITEO S.A Reports Q2 FY2023 Earnings Results on August 2 2023
August 26, 2023
🌥️Earnings Overview
On August 2 2023, CRITEO S.A ($NASDAQ:CRTO) released their earnings results for the second quarter of fiscal year 2023, which concluded on June 30 2023. The revenue for the said period was USD 468.9 million, a decrease of 5.3% from the same quarter of FY 2022. The net income for the quarter was reported to be USD -2.9 million, in comparison to a profit of 17.0 million reported in the corresponding period last year.
Market Price
At the end of trading, CRITEO S.A‘s stock opened at $33.0 and closed at $31.7, down 4.9% from the previous closing price of 33.3. This drop was attributed to the company’s second-quarter financial performance, which saw an overall decline in its revenue and profits.
Additionally, the company’s net profit margin also saw a decline due to increased spending on research and development, as well as higher operating costs. Despite these setbacks, the company noted that they are continuing to focus on their core strategy of providing personalized advertising solutions for their customers to help them maximize their return on investment. The company remains confident that their efforts in this area will pay off in the long run and help them achieve their long-term goals. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Criteo S.a. More…
| Total Revenues | Net Income | Net Margin |
| 1.93k | 7.29 | 0.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Criteo S.a. More…
| Operations | Investing | Financing |
| 210.38 | -277.75 | -194.65 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Criteo S.a. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.13k | 1.09k | 18.1 |
Key Ratios Snapshot
Some of the financial key ratios for Criteo S.a are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -3.1% | -36.9% | 1.8% |
| FCF Margin | ROE | ROA |
| 5.0% | 2.1% | 1.0% |
Analysis
GoodWhale recently conducted an analysis of CRITEO S.A‘s wellbeing. Our Risk Rating showed that CRITEO S.A is a medium risk investment, due to both financial and business aspects. Our analysis revealed two risk warnings in the income sheet and balance sheet of the company. To get more detailed insights into these risks, become a registered user on our platform. We provide comprehensive analysis of companies and their risk ratings, so that investors can make informed decisions about their investments. More…
Peers
Criteo SA, a global technology company, offers performance marketing and advertising services. Its competitors are FreakOut Holdings Inc, Nextedia SA, and Hylink Digital Solution Co Ltd.
– FreakOut Holdings Inc ($TSE:6094)
FreakOut Holdings Inc is a global marketing technology company that provides programmatic solutions for brands and agencies. The company was founded in 2010 and is headquartered in Tokyo, Japan. FreakOut has a market cap of 23.78B as of 2022 and a Return on Equity of 16.25%. The company provides programmatic solutions for brands and agencies to reach their target audiences with more relevant and effective advertising.
– Nextedia SA ($LTS:0CZ7)
Nextedia SA is a digital media company that operates in the online advertising and marketing industry. The company has a market cap of 28.95M as of 2022 and a Return on Equity of 10.53%. Nextedia SA’s main business activity is the provision of online advertising and marketing services to advertisers and publishers. The company offers a range of services, including online display advertising, video advertising, and search engine marketing. Nextedia SA is headquartered in Geneva, Switzerland.
– Hylink Digital Solution Co Ltd ($SHSE:603825)
Hylink Digital Solution Co Ltd is a Chinese company that specializes in providing online advertising and marketing solutions. The company has a market cap of 3.41 billion as of 2022 and a return on equity of 8.92%. Hylink’s main competitors include Baidu, Alibaba, and Tencent.
Summary
CRITEO S.A reported their second quarter earnings for FY2023 on August 2 2023, with total revenue of USD 468.9 million, a 5.3% decrease from the year before. Net income was USD -2.9 million, compared to 17.0 million in the previous year. This resulted in a large drop in stock price, making investors question the company’s future outlook.
Despite the lower earnings, CRITEO S.A remains a strong player in the digital advertising market, and analysts are recommending holding the stock for improved returns in the long term. With effective cost management and increased customer acquisition, the company may be well-positioned for future success.
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