What drove CRTO's significant EPS beat in Q1 2024?

Criteo S.A. (CRTO) experienced a significant earnings per share (EPS) beat in Q1 2024, with an EPS surprise of $0.38, compared to the diluted EPS of $1.75 for the same period. This substantial EPS beat can be attributed to several key factors:

|code|Ticker|Name|Date|Estimate EPS|EPS Surprise|market_code|
|---|---|---|---|---|---|---|
|CRTO|CRTO.O|Criteo|2024 Q1|0.54|0.26|185|
|CRTO|CRTO.O|Criteo|2024 Q2|0.77|0.31|185|
|CRTO|CRTO.O|Criteo|2024 Q3|0.83|0.13|185|
|CRTO|CRTO.O|Criteo|2024 Q4|1.37|0.38|185|

1. **Revenue Growth**: Criteo reported a year-over-year increase of 5.7% in revenue for the quarter ended December 2024, reaching $334.4 million. This growth in revenue is a direct result of the company's strategic focus on expanding its business globally and enhancing its technology to better serve its clients.
2. **Cost Management**: The company's ability to manage costs effectively played a crucial role in boosting profitability. By optimizing operational expenses and focusing on high-margin businesses, Criteo was able to enhance its bottom line and contribute to the EPS beat.

In conclusion, Criteo's significant EPS beat in Q1 2024 can be attributed to a combination of revenue growth and cost management. These factors collectively contributed to the company's strong financial performance, surpassing market expectations.