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<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Criteo S.A. released an interesting Q2 performance.</a> </li> 
 <li> <span>2</span> <a>Criteo S.A. is currently trading at $30.85 with a minor drop of 2.71% in the last 24 hours.</a> </li> 
</ul> 
<p>CRTO Stock is a global technology company that provides the world’s leading Commerce Media Platform for marketers and media owners. The company creates personalized and impactful advertising for consumers on the open internet using artificial intelligence and data. The company’s stock is listed on the NASDAQ Global Select Market with the symbol CRTO.</p> 
<h2 class="wp-block-heading" id="strong-criteo-s-a-inc-second-quarter-2023-financial-results-strong"><strong>Criteo S.A., Inc. Second Quarter 2023 Financial Results</strong></h2> 
<p>In Q2 2023, the company reported revenue of $469 Million, a 5% decrease year-over-year, or 4% at constant currency. Gross profit was $200 Million, an 8% increase year-over-year. Contribution ex-TAC was $240 Million, a 12% increase year-over-year, or 13% at constant currency.</p> 
<p>Net loss was $2 Million, or $0.05 per diluted share. Adjusted EBITDA was $56 Million, resulting in an adjusted diluted EPS of $0.49. Cash flow from operating activities was $1 Million, and Free Cash Flow was $(44) Million in Q2 2023. The company had $261 Million in cash and marketable securities on its balance sheet as of June 30, 2023.</p> 
<p>The company provided guidance for the third quarter and the full year of 2023. For the third quarter, the company expects Contribution ex-TAC to be in the range of $238 Million to $242 Million, which represents a year-over-year growth at constant currency of 7% to 9%, including the contribution from its Iponweb acquisition.&nbsp;</p> 
<p>The company also expects adjusted EBITDA to be between $58 Million and $62 Million for the third quarter. For the full year of 2023, the company increased its outlook for revenue ex-TAC and adjusted EBITDA margin.&nbsp;</p> 
<p>The company now expects Contribution ex-TAC to grow by a high single-digit to low double-digit percentage at constant currency, including the contribution from its Iponweb acquisition. The company also expects adjusted EBITDA margin to be around 28% of Contribution ex-TAC for the full year of 2023.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="464" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/08/Criteo-S.A.-Inc.-Second-Quarter-2023-Financial-Results-1024x464.webp" alt="Criteo S.A., Inc. Second Quarter 2023 Financial Results" class="wp-image-156699" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/08/Criteo-S.A.-Inc.-Second-Quarter-2023-Financial-Results-1024x464.webp 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/08/Criteo-S.A.-Inc.-Second-Quarter-2023-Financial-Results-300x136.webp 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/08/Criteo-S.A.-Inc.-Second-Quarter-2023-Financial-Results-768x348.webp 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/08/Criteo-S.A.-Inc.-Second-Quarter-2023-Financial-Results-750x340.webp 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/08/Criteo-S.A.-Inc.-Second-Quarter-2023-Financial-Results-1140x517.webp 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/08/Criteo-S.A.-Inc.-Second-Quarter-2023-Financial-Results.webp 1281w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: Trading View 
  </figcaption> 
 </figure> 
</div> 
<p>CRTO stock price needs to break above the 50 and 200 SMAs to regain bullish momentum and target the next resistance level at $34.50.</p> 
<p>The stock price is under pressure as the market sentiment is bearish, and the volume is low. The stock tested the support level at $30.50 and the 200 SMA.</p> 
<p>The <a href="https://www.thecoinrepublic.com/2023/07/24/unitedhealth-group-inc-unh-stock-share-price-devalued-by-25/" rel="noopener noreferrer nofollow">share price</a> is consolidating in a narrow range and gave a breakdown below the 50 SMA and is heading towards the 200 SMA. The stock may see a breakdown in the earnings report and the guidance for the next quarter. The market took earning reports negatively.</p> 
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>SUMMARY</strong></h3> 
<p>The company reported lower revenue but higher profit and contribution ex-TAC in Q2 2023. The company also reported a net loss and a negative free cash flow. The company raised its full-year guidance and provided moderate third-quarter guidance. The stock price is under pressure and may drop more if the earnings and guidance are negative. The stock price must break above the 50 and 200 SMAs to recover.</p> 
<h4 class="wp-block-heading"><strong>Support and Resistance Levels for CRTO</strong></h4> 
<p><strong>Support levels:</strong> $28.50.</p> 
<p><strong>Resistance levels:</strong> $35.40.</p> 
<h5 class="wp-block-heading">Disclaimer</h5> 
<p>The information provided in this article is for educational purposes only and does not constitute investment advice. Technical analysis is based on historical patterns and trends and does not guarantee future results. Trading involves risks and you should only invest what you can afford to lose.&nbsp;</p>

CRTO Stock Price Prediction: Will Criteo Q2 Affect Its Price?

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