Criteo withdraws forecast due to covid-19 outbreak

Criteo provides an update to its financial guidance and comments on its liquidity position in the context of the global covid-19 turmoil.criteo sa - determined to withdraw its previously issued financial guidance for fiscal year 2020.criteo sa - company does not expect to meet revenue ex-tac guidance for q1 2020.criteo sa - now expects revenue ex-tac for q1 2020 in range of $204 million to $206 million.criteo sa - for adjusted ebitda in q1 2020, criteo now expects a range of $59 million to $61 million.criteo sa - has already frozen all hiring and travel expenses globally, and is taking several additional cost containment measures.criteo sa - maintains a eur 350 million revolving credit facility that has not been drawn upon to date.criteo sa - not yet in a position to reliably quantify impact of covid-19 on its financial results for remainder of 2020.
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