Why Criteo Stock Is Skyrocketing Today
Digital marketing expert Criteo (NASDAQ: CRTO) reported fantastic third-quarter results on Wednesday morning, sending shares as much as 32.3% higher. Criteo's sales after subtracting traffic acquisition costs (ex-TAC revenue) rose 13% year over year in the third quarter to $211 million. Sales were flat in the Americas but Criteo's business is booming in the Asia-Pacific and Europe, Middle East, and Africa (EMEA) regions.