Criteo records 70% jump in revenue in Q3 2014
Criteo’s financial results for the third quarter, ending September 30, 2014, has once again spelt good news for the company. The revenue in the Q3 2014 increased 70.9 per cent to Euro 194.4 million, compared with Euro 113.8 million in the third quarter 2013.
Net income in the third quarter 2014 increased by Euro 8.4 million to Euro 11.5 million, compared with Euro 3.0 million in the third quarter 2013. In the Q3 2014 signed on new businesses including Airbnb, Hyundai Hmall, Lazada and MakeMyTrip in Asia-Pacific.
“We delivered another record quarter exceeding our expectations. Performance is the cornerstone of our company and we remain focused on our single goal of generating more sales for our clients,” said JB Rudelle, Criteo’s co-founder and CEO.
Criteo highlighted the Criteo Engine, which it claims is optimised for maximising the conversion of its clients’ customers that was rolled out to over 78 per cent of its client base at the end of the third quarter.
The company also said 74 per cent of its client base used its multi-screen solution in the third quarter 2014. Total number of clients grew by 450 in the third quarter to a record 6,581, representing a 42 per cent year-over-year growth.
