Criteo Q1 Revenues up 71 per cent on 2014

By Tim Maytom

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Criteo has announced its financial results for Q1 2015 with news of a 71 per cent increase in revenues year-on-year, having brought in €262m (£187m) in the first three months of the year.

The performance marketing company saw net income for the first quarter of 2015 increase to €12m, up from €4m in Q1 2014, and added over 640 net clients in Q1, a record for the firm.

“All in all, the financial performance was excellent,” said Eric Eichmann, president and COO of Criteo. “We also continue to grow our headcount. We grew to 1570 people, which is an increase of 64 per cent year-on-year. Obviously our people are one of our key drivers in terms of driving revenue growth, so we’re very pleased that we’re able to accelerate the hiring pace.”

The firm has seen great success with its multi-screen solution over the past year, with 84 per cent of its client base now using the platform to serve messaging across desktop and mobile devices.

“By and large, people have woken up to the fact that people are transacting on all kinds of devices,” said Eichmann. “About 34 per cent of transactions worldwide are now happening on mobile devices, and in …read more

Source:: Mobile App News

      

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