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Why Criteo Stock Dropped Today

TheMotleyFool

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Shares of advertising tech specialist Criteo (NASDAQ: CRTO) fell on Wednesday, trading down by 7% as of 11 a.m. ET compared to a 1% rally in the wider market. Investors weren't thrilled with the company's fourth-quarter earnings report, which showed that sales declined slightly as 2021 came to a close.

Revenue dropped by 1% year over year for the period. On a non-GAAP basis, sales after subtracting traffic acquisition costs rose 9%. That was a slight slowdown from the prior quarter's 13% sales surge.

Image source: Getty Images.

Source Fool.com

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