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Criteo Continues Winning Streak with 64% Increase in Revenue YoY

Criteo Continues Winning Streak with 64% Increase in Revenue YoY

Criteo’s second quarter financial results for 2015 released today (June 4) show a year-on-year revenue increase of 64%, bringing the company’s worth to €271 million.

Revenue excluding traffic acquisition costs (ex-TAC) in Q2 this year grew 65% to €110 million, compared with €67 million in the second quarter, 2014.

The group, a specialist in personalised ad solutions, doubled on last year’s Q2 net income, bringing that figure to €4 million, while EBITDA rose to €22 million from €13 million last year - an increase of 65%.

But operating expenses for the company have risen as a result of its growth, expenses reaching €90 million through the quarter, up 68%, while it plans to continue investment in research, sales and increasing headcount.

Strong performance

Criteo claims its impressive growth comes down to continued advances into cross-device tech, an expansion of publisher relationships and an ‘all-time high’ number of clients wins.

The performance marketing company added 730 new customers throughout 2015, while existing ones contributed 25% more revenue ex-TAC than the year prior.  

Criteo has also performed strongly in the US - where 40% of e-commerce transactions occur on mobile - seeing revenue ex-TAC in the Americas grow by 81%, compared to 78% in the year prior.

With increases across the board, Criteo’s cash flow from operating activities remained steady at €11 million matching that of Q2 2014.

“We have successfully executed on our growth plans for seven quarters in a row and we will continue to invest in 2015 to maximise our growth potential”, said Criteo CFO, Benoit Fouilland.

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Mark  Jones

Mark Jones

Editorial Executive at PerformanceIN. Mark reports performance marketing news and manages PI's network of guest contributors.

Originally from Plymouth, Mark studied in Reading and London, eventually earning his Master's in Digital Journalism- before making his return to the West Country to join the PI team in Bristol.

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