Stock Monitor: 58.com Post Earnings Reporting

LONDON, UK / ACCESSWIRE / March 26, 2018 / Active-Investors.com has just released a free earnings report on Criteo S.A. (NASDAQ: CRTO). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=CRTO. The Company reported its financial results on February 14, 2018, for the fourth quarter and full year ended December 31, 2017. The Company demonstrated an impressive financial performance in Q4 FY17 with robust sales, improving profitability, and increasing cash flow. Register today and get access to over 1000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for 58.com Inc. (NYSE: WUBA), which also belongs to the Technology sector as the Company Criteo. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Criteo most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

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Earnings Highlights and Summary

For Q4 FY17, Criteo's total revenues reached $674.01 million, up 18.91% from $566.83 million in Q4 FY16. On a constant currency basis, the Company's revenues increased 16% y-o-y. The Company added 820 clients in the reported quarter. Criteo's revenues, excluding Traffic Acquisition Costs (ex-TAC), grew 23.11% to $276.94 million in Q4 FY17, driven by a continued innovation, an improved access to publisher inventory, and new clients across regions and products. The Company's revenue ex-TAC numbers surpassed analysts' estimates by $14.74 million.

For Q4 FY17, Criteo's TAC were $397.09 million, up 16.15% from $341.88 million in Q4 FY16. The Company's gross profit was $245.22 million in the reported quarter compared to $200.64 million in the previous year's same quarter, reflecting an increase of 22.22%.

Criteo's operating expenses hiked 17.9% to $174.70 million in Q4 FY17 from $148.17 million in Q4 FY16. The Company had an income from operations of $70.52 million in the quarter under review from $52.47 million in Q4 FY16, reflecting an increase of 34.4%.

Criteo's net income available to common shareholders was $53.03 million in Q4 FY17, up 34.58% from $39.4 million in Q4 FY16. The Company's diluted earnings per share (EPS) were $0.78 in the reported quarter, 30% higher than $0.6 in the year earlier comparable quarter. Criteo's reported quarter results included equity awards compensation expenses, amortization of acquisition-related intangible assets, restructuring costs, as well as the tax impact of these adjustments. The Company's diluted EPS, after adjusting for non-recurring items, were $1.21 in Q4 FY17, up 44.05% from $0.84 in Q4 FY16. Criteo's adjusted EPS were higher than analysts' consensus estimates of $0.93.

For the full fiscal year ending December 31, 2017, Criteo's total revenues were $2.3 billion, up 27.65% from $1.8 billion in FY16. Criteo's revenues ex-TAC grew 28.88% to $941.14 million in FY17. The Company's gross profit advanced 27.06% to $819.5 million, while its income from operations increased 13.92% to $137.84 million in FY17. Criteo's net income available to common shareholders was $91.21 million in FY17, an increase of 10.87% from $82.27 million in FY16. The Company's diluted EPS rose 7.2% to $1.34 in FY17 from $1.25 in FY16. The Company's diluted EPS, excluding special items, were $2.7 in FY17, up 29.81% from $2.08 in FY16.

Segment Details

During Q4 2017, Criteo's Americas segment's net revenues were $324.7 million, up 21.87% from $266.44 million in Q4 FY16. The segment's revenues ex-TAC were $121.33 million in Q4 FY17, an increase of 22.01% from the previous year's corresponding quarter.

For Q4 FY17, Criteo's Europe, Middle-East, and Africa (EMEA) segment's net revenues advanced 16.76% to $221.02 million from $189.3 million in Q4 FY16. The segment had a revenue ex-TAC of $100.36 million in the reported quarter, up 24.31% from $80.37 million in the year ago same quarter.

Criteo's Asia/Pacific segment reported net revenues of $128.32 million in Q4 FY17 compared to $111.09 million in Q4 FY16, reflecting an increase of 15.51%. The segment's revenues ex-TAC were $55.26 million in Q4 FY17, an increase of 23.28% from the year ago comparable quarter.

Cash Matters

Criteo had cash and cash equivalents of $414.11 million as on December 31, 2017, up 53.19% from $270.32 million as on December 31, 2016.

For the quarter ended December 31, 2017, Criteo's net cash flow from operating activities was $79 million, 10.25% higher than $71.66 million for the same period of last year. The Company had a free cash flow of $53.53 million in Q4 FY17 compared to $48.68 million in Q4 FY16, reflecting an increase of 9.96%.

Criteo's capital expenditure was $47.93 million in Q4 FY17 compared to $30.16 million in Q4 FY16, reflecting an increase of 58.90%. The Company issued long-term borrowings of $0.26 million in the reported quarter compared to $80.22 million in the year ago corresponding quarter. Criteo repaid borrowings of $5.84 million in Q4 FY17, 26% lower than $7.89 million in Q4 FY16.

Outlook

For the first quarter of 2018, Criteo expects revenues ex-TAC to be between $230 million and $235 million, and adjusted EBITDA to be between $60 million and $65 million.

For the full year FY18, Criteo expects revenue ex-TAC growth to be between 3% and 8% at constant currency. The Company expects adjusted EBITDA margin to in the range of 28% and 30% of revenue ex-TAC in FY18.

Stock Performance Snapshot

March 16, 2018 - At Friday's closing bell, Criteo's stock slightly fell 0.45%, ending the trading session at $28.51.

Volume traded for the day: 417.60 thousand shares.

Stock performance in the previous three-month period ? up 17.57%; and year-to-date ? up 9.53%

After last Friday's close, Criteo's market cap was at $1.89 billion.

Price to Earnings (P/E) ratio was at 21.20.

The stock is part of the Technology sector, categorized under the Internet Information Providers industry.

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