(CercleFinance.com) – The French online advertising specialist Criteo jumped 18% on Wednesday morning on the Nasdaq after the publication of ‘record’ results for the fourth quarter.
For the last three months of the year, the group reported a turnover up 0.3% to $566 million, driven by the growth of its retail media activities. that is to say, advertisements broadcast on the platforms of online commerce players.
Its ex-TAC contribution, a closely followed activity indicator, increased by 12% to reach $316 million in the fourth quarter, marking an increase of 10% over the entire 2023 financial year.
Criteo also revealed adjusted earnings per share (EPS) for the fourth quarter of $1.52, well above expectations, and added that it expects growth of around 5% in its ex-TAC foreign exchange contribution for 2024. constant.
After devoting $125 million to its share buyback operations last year, the group plans to step up its efforts this year by repurchasing the equivalent of $150 million of its own shares.
With today’s rise, the stock now shows a gain of more than 21% since the beginning of the year.
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