Criteo Suffers $24 Million Hit Due to Covid-19 as Q1 Revenue Tumbles 10%

Criteo posted revenues of $503 million for Q1, representing a 10% year-over-year drop, with the ad-tech company stating the Covid-19 crisis impacted revenues by about $24 million during the period. The latest disclosure comes just three weeks after Criteo withdrew its earlier revenue guidance for the 2020 fiscal year as most advertisers across the globe…

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