Criteo Reports Quadrupled Profits for Q3

criteoPerformance marketing company Criteo has reported revenues of €194.4m (£122.2m) for Q3 2014, a year-on-year increase of 70.9 per cent.

The companys net revenues nearly quadrupled over the same period, to €11.5m.

“We delivered another record quarter exceeding our expectations,” said Criteo CEO and co-founder JB Rudelle. “Performance is the cornerstone of our company and we remain focused on our single goal of generating more sales for our clients.”

During the quarter, 74 per cent of Criteos client base used its multi-screen solution, and the company rolled out its enhanced Criteo Engine to 78 per cent of clients.