Criteo, arguably the most successful adtech company to have listed on the public markets, expects Q2 revenue to remain flat or dip 1% as the media industry acclimatizes to the upcoming General Data Protection Regulations (GDPR).
The France-based adtech outfit yesterday (May 2) reported total revenues of $564m for the first quarter, representing 9% growth year-over-year, with client retention rates of over 90%, but management expects “friction” over GDPR.
In its guidance notes, it forecast that revenues for the second quarter of the year (excluding traffic acquisition costs) would be in the range of $226m-$230m. “This Read full story ›
Source: The Drum
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