CRTO --> no pre market
Criteo misses by EUR 0.02, beats on revs and EBITDA; guides Q4 revs below consensus
- Reports Q3 (Sep) earnings of €0.16 per share, excluding non-recurring items, €0.02 worse than the Capital IQ Consensus of €0.18; revenues rose 55.0% year/year to €120.3 mln vs the €117.02 mln Capital IQ Consensus.
- This year-over-year performance was primarily driven by the continued roll-out of our technology improvements across all devices, the addition of a significant number of new clients and the further development of our direct relationships with publishers.
- Adjusted EBITDA for the third quarter 2015 was €31 mln vs. $21-23 mln guidance, an increase of 58% (or 55% at constant currency), compared with €20 million in the third quarter 2014.
- Co issues downside guidance for Q4, sees Q4 revs of €134-139 mln vs. €140.60 mln Capital IQ Consensus Estimate. Adjusted EBITDA for the fourth quarter 2015 to be between €39 million and €46 million.