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

An even steeper decline is forecast for Q2

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The company is doubling down on retail media and delivered 97% of its revenue guidance set before the pandemic. Criteo

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.

@ronan_shields Ronan Shields is Adweek's programmatic editor.