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.
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.