Criteo beats by $0.17, reports revs ex-TAC in-line; guides Q2 revs ex-TAC below consensus, lowers full year rev ex-TAC outlook but maintains adjusted EBITDA margin (22.45)
- Reports Q1 (Mar) earnings of $0.60 per share, excluding non-recurring items, $0.17 better than the S&P Capital IQ Consensus of $0.43; revenues ex-TAC fell 2.0% year/year to $235.7 mln vs the $234.2 mln S&P Capital IQ Consensus and vs prior guidance of $233-235 mln.
- Co issues downside guidance for Q2, sees Q2 revs ex-TAC of $221-224 mln vs. $235.0 mln S&P Capital IQ Consensus.
- Co lowers full year guidance for revenue ex-TAC growth to +0-2% at constant currency vs prior guidance of +3-6% at constant currency. Despite the lower guidance for Revenue ex-TAC, co maintains its expectation for an adjusted EBITDA margin of approximately 30% of Revenue ex-TAC for fiscal year 2019