Criteo SA
For the period ended Sep 30, 2024. Filed Oct 30, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 30, 2024
CRTO$15.42+0.3%Stored close · as of Nov 6, 2026
What changed in Management’s Discussion and Analysis?
Read the current filingPrevious report: 10-Q
Period ended 2024-06-30; filed 2024-08-01.
0001576427-24-000098
Item 2. Management's Discussion and Analysis of Financial Condition and Results of OperationsCurrent report: 10-Q
Period ended 2024-09-30; filed 2024-10-30.
0001576427-24-000124
Item 2. Management's Discussion and Analysis of Financial Condition and Results of OperationsThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 118 previous paragraphs and 118 current paragraphs.
62 unchanged; 49 reworded; 6 added; 6 removed; 1 previous and 1 current paragraphs rearranged.
Tables are not compared: 15 previous and 15 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Added paragraphs (6)
Current report
Revenue for the three months ended September 30, 2024 decreased (2)%, or (2)% on a constant currency basis, to $460.6 million compared to the three months ended September 30, 2023 reflecting lower Performance Media, partially offset by growth in Retail Media.
Current report
Performance Media revenue decreased (5)%, or decreased (5)% on a constant currency basis, to $399.7 million for the three months ended September 30, 2024, driven by lower spend in our media trading marketplace, soft retail trends, partially offset by continued strength in travel and classifieds.
Current report
Performance Media revenue decreased (3)%, or decreased (1.5)% on a constant currency basis, to $1,232.0 million for the nine months ended September 30, 2024, driven by lower spend in our media trading marketplace, soft retail trends, partially offset by continued strength in travel and classifieds.
Current report
Research and development expenses for the three months ended September 30, 2024, increased $22.8 million or 36% compared to the three months ended September 30, 2023. This increase was related to an increase in share-based compensation expense related to the Iponweb lock-up shares (see Note 10), an increase in amortization, and impairment of certain intangible assets.
Current report
Research and development expenses for the nine months ended September 30, 2024, increased $17.9 million or 9% compared to the nine months ended September 30, 2023. This increase was mainly related to an increase in amortization, impairment of certain intangible assets, and headcount-related costs.
Current report
General and administrative expenses for the three months ended September 30, 2024, increased $9.6 million or 26%, compared to the three months ended September 30, 2023. The increase primarily related to third party services and an increase in share-based compensation.
Removed paragraphs (6)
Previous report
Performance Media revenue decreased (2)%, or increased 1% on a constant currency basis, to $426.6 million for the three months ended June 30, 2024, with improving trends across all verticals.
Previous report
Revenue for the six months ended June 30, 2024 increased 1%, or 3% on a constant currency basis, to $937.8 million compared to the six months ended June 30, 2023 reflecting growth in Retail Media.
Previous report
Performance Media revenue decreased (2)%, or increased 0.1% on a constant currency basis, to $832.3 million for the six months ended June 30, 2024, with improving trends across all verticals.
Previous report
Research and development expenses for the three months ended June 30, 2024, decreased $(8.1) million or (12)% compared to the three months ended June 30, 2023. This decrease is mainly related to a decrease in headcount-related costs and share based compensation expense, mostly related to the annual vesting of the Lock-up shares related to the Iponweb acquisition.
Previous report
Research and development expenses for the six months ended June 30, 2024, decreased $(4.9) million or (4)% compared to the six months ended June 30, 2023. This decrease is mainly related to a decrease in headcount-related costs and share based compensation expense, mostly related to the annual vesting of the Lock-up shares related to the Iponweb acquisition.
Previous report
General and administrative expenses for the six months ended June 30, 2024, increased $29.7 million or 51%, compared to the six months ended June 30, 2023. The increase mainly relates to the partial reversal of the loss contingency on regulatory matters in 2023 and adjustments to the Earn-out liability related to the Iponweb acquisition.
Reworded paragraphs (49)
Previous wording
For the three months ended June 30, 2024, revenue increased by 1% to $471.3 million, compared to the same period in the prior year, primarily driven bygrowth in Retail Media. At constant currency, revenue increased by 3%.
Current wording
For the three months ended September 30, 2024, revenue decreased by (2)% to $458.9 million, compared to the same period in the prior year, primarily driven by lower Performance Media, partially offset bygrowth in Retail Media. At constant currency, revenue decreased by (2)%.
Previous wording
Gross profit for the three months ended June 30, 2024 increased by 17% to $232.8 million, compared to the same period in the prior year, mainly due to revenue growth and lower traffic acquisition costs.
Current wording
Gross profit for the three months ended September 30, 2024 increased by 13% to $231.9 million, compared to the same period in the prior year, mainly due to lower traffic acquisition costs, partially offset by lower revenue.
Previous wording
Contribution ex-TAC for the three months ended June 30, 2024 increased by 11% to $267.1 million, compared to the same period in the prior year, driven by growth across both segments. At constant currency, Contribution ex-TAC increased by 14%.
Current wording
Contribution ex-TAC for the three months ended September 30, 2024 increased by 8% to $266.1 million, compared to the same period in the prior year, driven by growth across both segments. At constant currency, Contribution ex-TAC increased by 9%.
Previous wording
Net income for the three months ended June 30, 2024 increased to $28.1 million, primarily due to growth in gross profit.
Current wording
Net income for the three months ended September 30, 2024 decreased to $6.1 million, primarily due an increase of operating expenses, partially offset by an increase in gross profit.
Previous wording
Adjusted EBITDA for the three months ended June 30, 2024 increased by 67% to $93.4 million, compared to the same period in the prior year, primarily due to higher Contribution ex-TAC over the period and disciplined cost management.
Current wording
Adjusted EBITDA for the three months ended September 30, 2024 increased by 20% to $82.0 million, compared to the same period in the prior year, primarily due to higher Contribution ex-TAC, partially offset by an increase in operating expenses.
Previous wording
Cash flow from operating activities was $17.2 million for the three months ended June 30, 2024, compared to $1.3 million in the same period in the prior year, as a result of the positive trends in our income from operations.
Current wording
Cash flow from operating activities was $57.5 million for the three months ended September 30, 2024, compared to $19.6 million in the same period in the prior year, as a result of the positive trends in our income from operations.
Previous wording
We believe our performance and future success depend on several factors that present significant opportunities but also pose risks and challenges, including those referred to in Part I, Item 1A of our risk factor section of our Annual Report on Form 10-K for the fiscal year ended December 31, 2023.
Current wording
We believe our performance and future success depend on several factors that present significant opportunities but also pose risks and challenges, including those referred to in Part I, Item 1A of our risk factor section of our Annual Report on Form 10-K for the fiscal year ended December 31, 2023, and in our subsequent quarterly reports on Form 10-Q.
Previous wording
Global economic and geopolitical conditions have been volatile due to factors such as the conflicts in Ukraine and the Middle East, inflation, and high interest rates. The economic uncertainty resulting from these factors may negatively impact advertising demand, consumer behavior, and to some extent, our performance.
Current wording
Global economic and geopolitical conditions have been volatile due to factors such as the conflicts in Ukraine and the Middle East, inflation, and fluctuating interest rates. The economic uncertainty resulting from these factors may negatively impact advertising demand, consumer behavior, and to some extent, our performance.
Previous wording
In the advertising industry, companies commonly experience seasonal fluctuations in revenue, as many marketers allocate the largest portion of their budgets to the third and fourth quarter of the calendar year in order to coincide with increased back-to-school and holiday purchasing. Historically, the fourth quarter has reflected our highest level of advertising activity for the year. We generally expect the subsequent first quarter to reflect lower activity levels, but this trend may be masked due to the growth of our business.
Current wording
In the advertising industry, companies commonly experience seasonal fluctuations in revenue, as many marketers allocate the largest portion of their budgets to the third and fourth quarter of the calendar year in order to coincide with increased back-to-school and holiday purchasing. Historically, the fourth quarter has reflected our highest level of advertising activity for the year. We generally expect the subsequent first quarter to reflect lower activity levels.
Previous wording
We are subject to U.S. and international laws and regulations regarding privacy, data protection, digital advertising and the collection of user data. In addition, large Internet and technology companies such as Google and Apple are making their own decisions as to how to protect consumer privacy with measures resulting in signal loss, which impact the entire digital ecosystem. While Google has recently announced that it will not pursue its original plan to fully phase out third-party cookies in Chrome, Google has proposed an updated approach that allows users to make an informed choice across web browsing that can be adjusted at any time. This proposal remains subject to consultation with the UK Competition and Market Authority, the Information Commissioner's Office and other global regulators. These developments could cause instability in the advertising technology industry. We have developed a multi-pronged addressability strategy to enhance our resilience post third-party identifiers.
Current wording
We are subject to U.S. and international laws and regulations regarding privacy, data protection, digital advertising and the collection of user data. In addition, large Internet and technology companies such as Google and Apple are making their own decisions as to how to protect consumer privacy with measures resulting in signal loss, which impact the entire digital ecosystem. While Google has recently announced that it will not pursue its original plan to fully phase out third-party cookies in Chrome, Google has proposed an updated approach that allows users to make an informed choice across web browsing that can be adjusted at any time. This proposal remains subject to consultation with the UK Competition and Market Authority, the Information Commissioner's Office and other global regulators. These developments could cause instability in the advertising technology industry. We have developed a multi-pronged addressability strategy to provide scalability and runtime interoperability of privacy-safe solutions for a more open, unified and efficient ecosystem.
Previous wording
In the three months ended June 30, 2024, 93% of revenue came from existing clients while 7% came from new client additions.
Current wording
In the three months ended September 30, 2024, 92% of revenue came from existing clients while 8% came from new client additions.
Previous wording
Retail Media revenue increased 23%, or 23% on a constant currency basis, to $54.8 million for the three months ended June 30, 2024, driven by continued strength in Retail Media onsite, in particular in the U.S. market, and growing network effects of onboarding brands and retailers to the platform.
Current wording
Retail Media revenue increased 22%, or 22% on a constant currency basis, to $60.9 million for the three months ended September 30, 2024, driven by continued strength in Retail Media onsite, in particular in the U.S. market, and growing network effects of onboarding brands and retailers to the platform.
Previous wording
Revenue for the three months ended June 30, 2024 increased 1%, or 3% on a constant currency basis, to $481.5 million compared to the three months ended June 30, 2023 reflecting growth in Retail Media.
Current wording
Revenue for the nine months ended September 30, 2024 decreased (0.2)%, or 1% on a constant currency basis, to $1,398.4 million compared to the nine months ended September 30, 2023 reflecting growth in Retail Media and Performance Media.
Previous wording
In the six months ended June 30, 2024, 93% of revenue came from existing clients while 7% came from new client additions.
Current wording
In the nine months ended September 30, 2024, 92% of revenue came from existing clients while 8% came from new client additions.
Previous wording
Retail Media revenue increased 28%, or 28% on a constant currency basis, to $105.5 million for the six months ended June 30, 2024, driven by continued strength in Retail Media onsite, in particular in the U.S. market, and growing network effects of onboarding brands and retailers to the platform.
Current wording
Retail Media revenue increased 26%, or 26% on a constant currency basis, to $166.4 million for the nine months ended September 30, 2024, driven by continued strength in Retail Media onsite, in particular in the U.S. market, and growing network effects of onboarding brands and retailers to the platform.
Previous wording
Additionally, our $471.3 million of revenue for the three months ended June 30, 2024 was negatively impacted by $10.2 million of currency fluctuations, particularly as a result of the depreciation of the Euro, Japanese Yen, and the Brazilian Real compared to the U.S. dollar.
Current wording
Additionally, our $1,380.3 million of revenue for the nine months ended September 30, 2024 was negatively impacted by $18.1 million of currency fluctuations, particularly as a result of the depreciation of the Euro, the Japanese Yen, the Brazilian Real, and the Korean Won compared to the U.S. dollar.
Previous wording
Our revenue in the Americas region increased 2%, or 2% on a constant currency basis, to $212.8 million for the three months ended June 30, 2024 compared to the three months ended June 30, 2023. This primarily reflects continued strong performance of Retail Media as the platform continues to scale with large retailers and consumer brands and strong Classified and travel trends in the region.
Current wording
Our revenue in the Americas region decreased (6)%, or (5)% on a constant currency basis, to $208.3 million for the three months ended September 30, 2024 compared to the three months ended September 30, 2023. This primarily reflects lower lower spend in our media trading marketplace and supply and soft Retail trends, partially offset by continued strength in Travel and Classifieds in Performance Media, as well as continued strong performance of Retail Media as the platform continues to scale with large retailers and consumer brands.
Previous wording
Our revenue in EMEA increased 3%, or 4% on a constant currency basis, to $170.8 million for the three months ended June 30, 2024 compared to the three months ended June 30, 2023, reflecting continued traction in Retail Media and continued strength in Travel.
Current wording
Our revenue in EMEA increased 2%, or 1% on a constant currency basis, to $160.0 million for the three months ended September 30, 2024 compared to the three months ended September 30, 2023, reflecting continued traction in Retail Media and continued strength in Travel and Classifieds, partially offset by lower revenues in France.
Previous wording
Our revenue in the Asia-Pacific region decreased (6)%, or increased 1% on a constant currency basis, to $97.9 million for the three months ended June 30, 2024 compared to the three months ended June 30, 2023, reflecting improved trends in Classified and solid trends in Travel and Retail in the region.
Current wording
Our revenue in the Asia-Pacific region decreased (0.5)%, or increased 2% on a constant currency basis, to $92.3 million for the three months ended September 30, 2024 compared to the three months ended September 30, 2023, reflecting improved trends in Classified and solid trends in Travel and Retail in the region.
Previous wording
Our revenue in the Americas region increased 4%, or 3% on a constant currency basis, to $410.5 million for the six months ended June 30, 2024 compared to the six months ended June 30, 2023. This primarily reflects continued strong performance of Retail Media as the platform continues to scale with large retailers and consumer brands and strong Classified trends in the region.
Current wording
Our revenue in the Americas region increased 0.2%, or 0.4% on a constant currency basis, to $618.9 million for the nine months ended September 30, 2024 compared to the nine months ended September 30, 2023. This primarily reflects continued strong performance of Retail Media as the platform continues to scale with large retailers and consumer brands and strong Classified trends in the region.
Previous wording
Our revenue in EMEA increased 2%, or 3% on a constant currency basis, to $333.3 million for the six months ended June 30, 2024 compared to the six months ended June 30, 2023, reflecting continued traction in Retail Media and continued strength in Travel.
Current wording
Our revenue in EMEA increased 2%, or 2% on a constant currency basis, to $493.3 million for the nine months ended September 30, 2024 compared to the nine months ended September 30, 2023, reflecting continued traction in Retail Media and continued strength in Travel, partially offset by lower revenues in France.
Previous wording
Our revenue in the Asia-Pacific region decreased (7)%, or increased 0.5% on a constant currency basis, to $193.9 million for the six months ended June 30, 2024 compared to the six months ended June 30, 2023, reflecting soft trends in Classified, partially offset by solid Retail and Travel trends in the region.
Current wording
Our revenue in the Asia-Pacific region decreased (5)%, or increased 1% on a constant currency basis, to $286.2 million for the nine months ended September 30, 2024 compared to the nine months ended September 30, 2023, reflecting solid Retail and Travel trends, partially offset by soft trends in Classified in the region.
Previous wording
Cost of revenue for the three months ended June 30, 2024 decreased $(30.7) million, or (11)%, compared to the three months ended June 30, 2023. This decrease was primarily the result of a decrease of $(24.5) million, or (11)% (or (9)% on a constant currency basis) in traffic acquisition costs driven by a lower average price partially offset by an increase in volume, and a decrease of $(6.2) million, or (15)% in other cost of revenue.
Current wording
Cost of revenue for the three months ended September 30, 2024 decreased $(37.1) million, or (14)%, compared to the three months ended September 30, 2023. This decrease was primarily the result of a decrease of $(31.0) million, or (14)% (or (13)% on a constant currency basis) in traffic acquisition costs driven by a lower average price partially offset by an increase in volume, and a decrease of $(6.1) million, or (15)% in other cost of revenue.
Previous wording
Traffic acquisition costs in Retail Media decreased by (15)%, or (15)% at constant currency, compared to the three months ended June 30, 2023.
Current wording
Traffic acquisition costs in Retail Media decreased by (14)%, or (14)% at constant currency, compared to the three months ended September 30, 2023.
Previous wording
Traffic acquisition costs in Performance Media decreased by (11)%, or (9)% at constant currency, compared to the three months ended June 30, 2023. This was driven by a (22)% decrease (or (20)% at constant currency) in the average cost per thousand impressions ("CPM") for inventory purchased, including lower CPMs for signal-limited environments where Criteo continues to perform, and a 14% increase in the number of impressions we purchased.
Current wording
Traffic acquisition costs in Performance Media decreased by (14)%, or (13)% at constant currency, compared to the three months ended September 30, 2023. This was driven by a (20)% decrease (or (20)% at constant currency) in the average cost per thousand impressions ("CPM") for inventory purchased, including lower CPMs for signal-limited environments where Criteo continues to perform, and an 8% increase in the number of impressions we purchased.
Previous wording
Cost of revenue for the six months ended June 30, 2024 decreased $(61.4) million, or (12)%, compared to the six months ended June 30, 2023. This decrease was primarily the result of a decrease of $(52.7) million, or (12)% (or (10)% on a constant currency basis) in traffic acquisition costs driven by a lower average price partially offset by an increase in volume, and a decrease of $(8.6) million, or (11)% in other cost of revenue.
Current wording
Cost of revenue for the nine months ended September 30, 2024 decreased $(98.5) million, or (12)%, compared to the nine months ended September 30, 2023. This decrease was primarily the result of a decrease of $(83.7) million, or (12)% (or (11)% on a constant currency basis) in traffic acquisition costs driven by a lower average price partially offset by an increase in volume, and a decrease of $(14.7) million, or (12)% in other cost of revenue.
Previous wording
Traffic acquisition costs in Retail Media decreased by (7)%, or (8)% at constant currency, compared to the six months ended June 30, 2023.
Current wording
Traffic acquisition costs in Retail Media decreased by (10)%, or (10)% at constant currency, compared to the nine months ended September 30, 2023.
Previous wording
Traffic acquisition costs in Performance Media decreased by (12)%, or (10)% at constant currency, compared to the six months ended June 30, 2023. This was driven by a (15)% decrease (or (13)% at constant currency) in the average cost per thousand impressions ("CPM") for inventory purchased, including lower CPMs for signal-limited environments where Criteo continues to perform, and a 4% increase in the number of impressions we purchased.
Current wording
Traffic acquisition costs in Performance Media decreased by (12)%, or (11)% at constant currency, compared to the nine months ended September 30, 2023. This was driven by a (17)% decrease (or (15)% at constant currency) in the average cost per thousand impressions ("CPM") for inventory purchased, including lower CPMs for signal-limited environments where Criteo continues to perform, and a 5% increase in the number of impressions we purchased.
Previous wording
Contribution ex-TAC increased $26.9 million, or 11% for the three months ended June 30, 2024 compared to the three months ended June 30, 2023. The increase in Contribution ex-TAC was driven by growth in both segments.
Current wording
Contribution ex-TAC increased $20.7 million, or 8% for the three months ended September 30, 2024 compared to the three months ended September 30, 2023. The increase in Contribution ex-TAC was driven by growth in both segments.
Previous wording
Contribution ex-TAC increased $60.1 million, or 13% for the six months ended June 30, 2024 compared to the six months ended June 30, 2023. The increase in Contribution ex-TAC was driven by growth in both segments.
Current wording
Contribution ex-TAC increased $80.9 million, or 11% for the nine months ended September 30, 2024 compared to the nine months ended September 30, 2023. The increase in Contribution ex-TAC was driven by growth in both segments.
Previous wording
Sales and operations expenses for the three months ended June 30, 2024 decreased $(17.4) million or (16)% compared to the three months ended June 30, 2023. This decrease mainly related to a decrease in headcount-related costs and a decrease in bad debt expense.
Current wording
Sales and operations expenses for the three months ended September 30, 2024 decreased $(3.7) million or (4)% compared to the three months ended September 30, 2023. This decrease was mainly related to a decrease in headcount-related costs and a decrease in bad debt expense partially offset by third-party services and marketing costs.
Previous wording
Sales and operations expenses for the six months ended June 30, 2024 decreased $(25.8) million or (12)% compared to the six months ended June 30, 2023. This decrease mainly related to a decrease in headcount-related costs, a decrease in bad debt expense partially offset by an increase in share based compensation expense.
Current wording
Sales and operations expenses for the nine months ended September 30, 2024 decreased $(29.6) million or (10)% compared to the nine months ended September 30, 2023. This decrease was mainly related to a decrease in headcount-related costs, a decrease in bad debt expense partially offset by an increase in marketing costs.
Previous wording
General and administrative expenses for the three months ended June 30, 2024, increased $22.7 million or 122%, compared to the three months ended June 30, 2023. The increase mainly relates to the partial reversal of the loss contingency on regulatory matters in 2023.
Current wording
General and administrative expenses for the nine months ended September 30, 2024, increased $39.3 million or 41%, compared to the nine months ended September 30, 2023. The increase was mainly related to the partial reversal of the loss contingency on regulatory matters in 2023 and an increase to third-party services.
Previous wording
Financial and Other expenses for the three months ended June 30, 2024, decreased by $(1.6) million or (85)% compared to the three months ended June 30, 2023. The decrease is mainly related to financial income from cash and cash equivalents, partially offset by a negative change in foreign exchange loss.
Current wording
Financial and Other Expenses for the three months ended September 30, 2024, decreased by $3.0 million or 100% compared to the three months ended September 30, 2023. The decrease was mainly related to financial income from cash and cash equivalents, a positive change in foreign exchange loss, and the accretion of the earn-out liability related to the Iponweb Acquisition.
Previous wording
Financial and Other income for the six months ended June 30, 2024, decreased by $(4.1) million or (82)% compared to the six months ended June 30, 2023. The decrease is related to the disposal of non consolidated investments during the three months ended March 31, 2023, and the accretion of the earn-out liability related to the Iponweb Acquisition, partially offset by the positive impact in foreign exchange gain and income from cash equivalents.
Current wording
Financial and Other Income for the nine months ended September 30, 2024, decreased by $(1.1) million or (56)% compared to the nine months ended September 30, 2023. The decrease was due to the disposal of non consolidated investments during the three months ended March 31, 2023, partially offset by income from cash equivalents, the accretion of the earn-out liability related to the Iponweb Acquisition, and income from cash equivalents.
Previous wording
Provision for income tax expense for the three months ended June 30, 2024, increased $7.5 million or 697% compared to the three months ended June 30, 2023. The increase of the income tax provision reflected the higher profitability and the lower operating expenses.
Current wording
Provision for income tax expense for the three months ended September 30, 2024, increased $1.6 million or 88% compared to the three months ended September 30, 2023. The increase of the income tax provision was driven by higher Contribution ex-Tac.
Previous wording
Provision for income tax expense for the six months ended June 30, 2024, increased $15.1 million or (429)% compared to the six months ended June 30, 2023. The increase was driven by higher income from operations.
Current wording
Provision for income tax expense for the nine months ended September 30, 2024, increased $16.7 million or (991)% compared to the nine months ended September 30, 2023. The increase was driven by higher Contribution ex-TAC.
Previous wording
The provision for income taxes mainly differs from the nominal standard French rate of 25.0% due to the application of a reduced income tax rate on the majority of the technology royalties income in France and nondeductible equity awards compensation expense.
Current wording
The provision for income taxes differs from the nominal standard French rate of 25.0% primarily due to the application of the reduced income tax rate on the majority of the technology royalties income in France and nondeductible equity awards compensation expense.
Previous wording
Adjusted EBITDA increased $69.4 million, or 73%, for the six months ended June 30, 2024 compared to the six months ended June 30, 2023, primarily due to higher Contribution ex-TAC.
Current wording
Adjusted EBITDA increased $13.6 million, or 20%, for the three months ended September 30, 2024 compared to the three months ended September 30, 2023, primarily due to higher Contribution ex-TAC partially offset by an increase in operating expenses.
Previous wording
Adjusted EBITDA increased $37.4 million, or 67%, for the three months ended June 30, 2024 compared to the three months ended June 30, 2023, primarily due to higher Contribution ex-TAC.
Current wording
Adjusted EBITDA increased $83.0 million, or 51%, for the nine months ended September 30, 2024 compared to the nine months ended September 30, 2023, primarily due to higher Contribution ex-TAC.
Showing the first 40 of 49 pairs. Open the source sections for the rest.
Rearranged current paragraphs (1)
Current report — wording carried from elsewhere
Additionally, our $458.9 million of revenue for the three months ended September 30, 2024 was negatively impacted by $1.7 million of currency fluctuations.
Rearranged previous paragraphs (1)
Previous report — wording carried elsewhere
Additionally, our $921.4 million of revenue for the six months ended June 30, 2024 was negatively impacted by $16.4 million of currency fluctuations, particularly as a result of the depreciation of the Euro, Japanese Yen, and the Brazilian Real compared to the U.S. dollar.