Equity Field Notes from temporal sources

[DanWebzster]

CRTO is a French digital marketing company combining customer acquisition algos, dynamic customer re-targeting, audience matching and real-time bidding platforms.

CRTO maintains one of the largest data sets focused on identity, interest and measurement.

Q-1/18: FCF grew 224% to $52mn and an earnings beat of 0.14 per share. This included stronger than expected currency tailwind.

The second Q is seasonally weak.

The EU many enact restrictive policies against on-line data collection.

CRTO's goal for 2018 is to change its focus to large and and mid-market clients while developing a scalable self-service platform for smaller mid-market clients

Competition primarily consists of the walled-gardens of GOOGL, AMZN & FB. Increasing regulation on these may help CRTO.

TFECY ( OSLO Exchange: THIN) may also benefit from increasing regulations on the American walled gardens.