A Boost in Mobile Offerings Is Helping Criteo Add Customers
Criteo beat Wall Street estimates on the top and bottom lines in the fourth quarter due to its mobile offerings and strong sales to the retail sector, said the company's CEO Jean-Baptiste Rudelle. Rudelle added that the company acquired DataPop because it specializes in connecting the products in a retailer's catalog to actual user shopping intent. He said word-of-mouth advertising helped Criteo add more than 600 clients in the fourth quarter to bring the total to a record 7,190. Finally, Rudelle said retail customers are now buying across screens which is right in Criteo's wheelhouse.
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