Criteo S.A. reported a record-setting Q3 2024 performance, with a 13% increase in gross profit to $232 million, emphasizing strong cash flow despite a slight revenue dip.
Despite a dip in revenue, Criteo's aggressive focus on strategic initiatives led to a remarkable 925% increase in free cash flow, totaling $39 million this quarter.
Looking ahead for 2024, Criteo is optimistic, projecting a 10-11% increase in contribution ex-TAC, asserting confidence in its growth strategy and commitment to shareholders.
Criteo is set to return a record $180 million in capital to shareholders by year-end, highlighting a resilient financial standing bolstered by effective cost management.
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