Criteo Q3 Revenue Drops 11% to $416M; Q4 Ex-TAC Forecast at $292-298M
Key takeaways
- Criteo generated $416 million in third-quarter revenue.
- Revenue declined by 11%, with shifts involving retail-media clients affecting business performance.
- Criteo expects a fourth-quarter ex-TAC contribution of $292 million to $298 million.
Context
Criteo’s quarterly results were impacted by shifts involving retail-media clients. The Q4 outlook uses an ex-TAC contribution measure, which differs from the Q3 revenue figure, so it's important to distinguish between these two metrics when evaluating Criteo’s performance.
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