Criteo S.A. Sees Q3 Contribution Ex-TAC Between $264M-$268M, Or YoY Growth At Constant-Currency Of 8%-10%; Sees FY24 Contribution Ex-TAC To Grow 10%-12% At Constant Currency
Portfolio Pulse from Benzinga Newsdesk
Criteo S.A. has updated its Q3 and FY24 guidance, expecting Q3 Contribution ex-TAC between $264M-$268M, reflecting 8%-10% YoY growth at constant currency. FY24 Contribution ex-TAC is expected to grow 10%-12% at constant currency. Adjusted EBITDA margin for FY24 is now expected to be approximately 32% of Contribution ex-TAC.
August 01, 2024 | 11:11 am
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POSITIVE IMPACT
Criteo S.A. has revised its Q3 and FY24 guidance upwards, indicating stronger than previously expected growth in Contribution ex-TAC and Adjusted EBITDA margin. This positive outlook is likely to boost investor confidence and could lead to a short-term increase in the stock price.
The upward revision in guidance for both Q3 and FY24 indicates stronger financial performance than previously anticipated. This is likely to positively impact investor sentiment and drive the stock price higher in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100