Criteo's Q3 Earnings Report Shows Rev, Income Up Big YoY

Retargeting advertising company Criteo on Thursday reported its Q3 2013 financial results, and the company saw year-over-year increases across the board.

Criteo's revenue has increased to €113.8 million ($153.2 million), a 57.8% year-over-year boost. The company's net income increased 90.4%, up to €3 million ($4 million). Its EBITDA (earnings before interest, tax, depreciation, and amortization) went up 163.8% year-over-year to €11.6 million ($15.6 million).

JB Rudelle, co-founder and CEO of Criteo, stated that the quarter's results were "very solid" and "came out at the higher end of our expectations."

The company's retargeting tech is being used in 42 markets worldwide, up from 37 in the second quarter of this year. In addition, its client base has increased to 4,361, up 62% from Q3 2012.

Looking ahead, the company expects to end Q4 2014 with its revenue excluding Traffic Acquisition Costs between €50 and €52 million, which would be up from its €46.8 million in Q3.

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