Criteo: Weaker Spending Is Cutting Into The Bottom Line (Rating Downgrade)
Criteo has experienced a significant decline in its stock value due to weaker media spending from clients. The company has revised its full-year guidance, now anticipating a decline in revenue rather than slight growth. Despite recent product integrations, the expected growth has not materialized, leading to a downgrade in the stock rating to neutral.
- ▪Criteo shares have dropped approximately 20% this week.
- ▪The company has cut its full-year guidance, expecting a decline in contribution ex-TAC.
- ▪Recent product integrations have not yet resulted in new growth.
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