And you pleasure I'm hope good with everyone staying morning, be our all safe the New home of in is Thank you, my joining safety second York. you well. Upstate to in call and as It's I for everybody. a together. from Edouard,
I'll call topics. cover four our key today, On
the how of Firstly, outbreak. we're the circumstances COVID-XX adapting to
of rest for business XXXX. for implications assumptions the current of the our Second COVID-XX
our plans Third, our our last which year. rest particular identification online around Fourth, I progress four priorities and strategic development Chrome. the fifth, the for in strategic pillars outlined in on our the of our on operational call. latest And
as Let in confronted we of me expected ones Still, very that been full a the with team's challenges quarter agility. start like state. to challenges crisis proud saying when the Criteo our set I've each early I different their from the my to of as thank the CEO, and first they I'm tackle that come. the contributions by I outstanding and of very for throughout every stages I'd joined.
during therefore these I'm an in indicated intention with I visibility our as call, possible all last As earnings a my and stakeholders. with during our on unusually need you and dialogue business providing clear as times. It's fluid and the helpful be believer transparent today challenging and to firm you open communication
all To and my before our the circumstances We of around priority. COVID authorities to closed outbreak. one immediate first our number offices of point, we adapted local safety has the been early employees of globe and requirements. the The our quickly
always. first safety is Our policy
operations place At resources the we have to today teams. functions time, a alignment needed. across of the and all seamless in XXX% quickly they smoothly, plan I'm processes. remained in clients business to ensure thanks on We our place and pleased very for tight internal we're and data maintaining associates all and operating supporting communications securing that and our our and same put our centers say focused within our running to in continuity up R&D
We're clients also ever these during than supporting times. more our
revenue trying opportunities the align We're messages about paradigm. them to assisting new and new For clients with example, across we're categories providing identify their to regions. COVID-related weekly trends helping shopping and and adjust updates and
new audiences to customer assisting help the capture the leverage to lines around We loyalty several We're contribution their people them businesses. for working on with and world. front users those launched the campaigns rise build all to significant for online social in
to For working the of example, raise our fund conditions on teams medical technology enables and treatments. research the order funds in COVID-XX Paris APHP improve foundation to in
Ad measures running agencies. non-profit Pro Campaigns we greater in also organization in and NGOs applied to a various that I'll immediately our rigor works few minutes. also We're Bono control cost and financial of for the U.S. Council, took the a non-profit government talk base. promoting Internally, detail the incremental to
continue to time. this way clients, intend this control to business responsibility. safety, during in and We manage operations People and social our cost and
my topic. second And this to me gets
updated and Benoit communicated a April and about adjusted early market this more talk exceeded As our we few our as initial minutes. will QX the to guidance target X, EBITDA in
talk the let and about for implications of rest So for the potential QX COVID-XX of me now XXXX.
of XX. impacted there April our we day knowledge acknowledging that forecasting feeling many been the on. moving are every want pieces establish impact have that current mid-February COVID-XX to continue -- Whilst of as is to had We had more verticals still differently. and today from I based on best learn we started the Different framework
XX% by to decreased our XX% verticals finance and auto, of Classified in spending XX% is increased travel including vertical And or the gaming. about XX% around XX%, XX% pre-COVID-XX collection business Retail, Travel, a classifieds more. Traditionally, mix levels, by spend compared remaining and while the
spend resilient by about reductions far claims. X% to in a biggest We more limited mid-market ways vertical our healthy large core our as impact saw their spend The segment in sustain held client base. clients well XX%. in mid-market solutions also our by increase with than Retail up has varied client
industry related the social in developments We the life the the on restrictions like mix. also factors and to saw geographies of time outbreak, different various our
factors, than have for And year. challenged a clients the by stores. those brick-and-mortar with temporary other of with traditional finally, the with indicators our along model other have the their shape remainder more less online pure factors seen helped impact the modeling along closures of These
and We've the no with pre-coated business return built with two of scenarios geography; by framework the recovery the Looking vertical crisis forward dimensions; critical various of geography. of timing two, a slow to and based on year. a see full vertical pace number the the levels in short, trough and one, number by the of we out recovery by end
scenarios, midterm against short against third-party these that assumptions our own scenario. Within on our focus the and from mid-case effects and benchmarked our clients the data about we what data, projected their we've our assumptions on learned businesses. now I'll form
low spend On the will U.S. that APAC, early low first EMEA client until dimension deepen until reached assume it June. we now end but Travel, a its and assume we'll plateau already has further in that July. in retail the In and of timing the trough, we of our point has point the reached
model and we and then a Classifieds, plateau APAC end June. the deepening until For U.S. in further namely of a Japan the
of weak into pace that in over assume in gradually On the recovery, U.S. the measures, we EMEA Retail but second half the of will second support recover government the will QX. by remain XXXX. dimension, Aided
For Travel, year. to slower recovery Classifieds, And we've half. modeled end for impact over of a recovery the a we material a second gradual the leading still see much by the
Now are uncertainty. today I of and assumptions things acknowledge don't these changing. many carry a things we still There rapidly lot know are
business ex-TAC QX account basis. update year. Taking and you a we'll our the in XX% decline as into year-over-year of will we XX% throughout progress believe all by considerations these as As a intend of revenue to today, we result, to on
assumes second of part level isn't recovery wave during any or the progressive obviously of during another this the outbreak projected of see kind. may from there material economic This after recovery And year. disruption a the or significant COVID-XX unexpected any
maintaining until meaningful notice. incremental further immediate stopped and the third-party and COVID-XX in XXXX business intend our services business, on reductions marketing savings to measures to control guidance events a provided product consequences already strategy. came of contain our took further to investment we our our business response in travel. implement measures included In hiring during costs. further to hosting implemented cut further our costs. We last spend addition optimize time, freeze These We We this right-size cost strict the in to February. and We while
remain and we signs. business shows pillars, against focus. a And look positive our at firstly, deliver take let's how core strategic resilient Now remains our which in
business reducing with campaigns rather has us. or working so travel especially Our verticals the function and been a far with large spend and classified than stopping of pausing temporarily clients retargeting clients softer in large
the up due crisis. see verticals than as the e-commerce better vertical we to grows other much However, Retail holding
in Our grow mostly mid-market continue remains resilient new in clients. And QX, the current to driven particularly in circumstances Retail. by
we expand to our excited resilience the Second, products. and growth continue product by new of portfolio. We're our
with well app growing in-store nontraditional clients. over in Our the than XX% close especially expected. QX was better This to performed has XX% since outbreak
by install users solutions new their mobile app clients' having customer Our apps in-store our drive on acquisitions devices. and
phones. their entertainment may throughout consumers global down We and or app locked innings the for crisis. want simply homes demand As various for communicate their are remain confines of to on most of or information the believe high the in-store look within
immune restrictions. and is Another that positive therefore to design, apps all cookieless are cookie by
Retail the in Media grew board, strongly accelerating to across QX. XX%
brands range increased use the grooming Unilever, business from resources shaving a brands loungewear gear, and for of QX, such e-commerce product we for benefit perspective. equipment broad partnership insights data, As exercise and of a which created Unilever and both consumer from as value webcams, categories with adds in tremendous
brand huge Retail when our e-commerce also and has not At sites the Carrefour request, only grocery but advertiser’s Carrefour normal to proves our teams while preserving in consumer’s traffic in countercyclical to outbreak, expanded We increase the experience. great Media particular enabled with time, in become their a space. COVID address customer for business the a new with their resilient, reaction to effectively
strategic For even retailers online this becomes critical when reason offer higher beyond we an to and we believe, brands Amazon. value for presence retailers brick-and-mortar
and other their Looking and platform platform media funnel offerings products flourish expected forward, Media to Retail formats. in Media launch combine retail unified brands full various using our ad demand with This campaigns provide late to expect rich sponsored QX. to our excited ad Retail we self-service and and over control and will retailer transparency new continue for we're
strategic Third, game made our progress changes. we with good
accelerate As strategy. I This aim of at our new changes exploring full we what DSP. our best-in-class execution our business portfolio expanding explained with especially stack around game in strategic to the and call, we're call solutions core strengthening our QX
In for and safety audience such brand we and Cloud. QX, new added creation partners LeadsBridge Oracle Data as
ad us consideration these measurement solutions. ratings brand digital And our We strengthen excited relationship week. solutions. integrate announced strategic with and last effect will partnerships Nielsen our allow digital about I'm with their That will to expect
We into will for insights evolved transparency, flexibility more including performance funnel ad CTV. array broader advertisers. understand provide and brand like our lift their of believe the a independent measure leader and as they well as the campaigns, global of across performance Nielsen our consumers will full and objectives integration a performance benefits as marketing platforms clients of tech enable to reach a align we technology offering measurement and from the to platform demographics This brand
we that use April, David our will whose strategy, our In Development focus more forward. executing new prioritized we strategic partnerships. about the Stellar and extremely Labs, we'll any joining and in M&A of partnering potential Chief be our from to hired through further Fox, I on strengthening for remain Officer, primarily building thoughtful offering cash our going emphasize want
And in the at current the our and down. way. context, operations is announced by last, drive June operations In to our new the mid-QX, we our this organizational search departure doubling most previously of CFO In of leaders under C-suite, board. new I changing Benoit's we've and of end paused the light for of of time, instead are still during excellence In across a continue the the our hiring efficiency tech improved structure.
As I and contain took measures costs. said meaningful further earlier, to we immediate
our we identification. are continue online key to top areas costs, to fixed drive the tech such and our our projects and and excellence roadmap, as variable to assigned that containing Beyond employees
my a work developments point, to good beyond around our – the fourth mitigate the that's to And sorry segue and Chrome. risk latest
the you've progress As themselves all lines user liberate and see its personalized strong can Starting line publishers browser consumers, control say consumers personal our and and believers for redefine in with we're benefits ecosystem. ads. before, how advertisers. to convictions me move made meaningful In we've and advertising heard to participants further with beyond
integration its direct data. identity create use both advertisers solutions resilience continues data In means doing to and providing to our their feed This first-party publishers data a our and increasing source our as a and identity of with clients. we continue this, and size to for massive ID leverage first-party graph,
and ways over e-mails users We're well to to hashed like grow these to and investing aggregates X browsers network a cookieless independent Our well manage ID persistent over now and billion consent of around support identifiers or user XX% users. that their logins graphs preferences. identifiers advertising, allow for to build users also of continues
help to clients right All person ID powerful time. message to to our this creates get a spine of the right the at the right
will supporting with to the we're their Chrome's to the Chrome to consequences Google, as while web choice about cohort both to changes consortium in parallel being initiatives commitment based well privacy entertain consumer worldwide actively also around protecting with in dialogue constructive partner. the advertising. continue our participating as With respect And opportunities potential a of considered
this fifth topic, for the And year. rest our leaves the the priorities of
we While priorities. strategic and disciplined remain things around and proactive, are in operating fast-changing us, our engaged
foremost stay and we on guaranteeing business safety people First of the focused continuity and for best protecting and clients the our our partners.
crisis continue them support recovery maximize and the to we'll phase. help the aim opportunities Second to clients our throughout during
to last while our dedicated not unfolds. against use lead Fourth, strategy and our in nimble base Third, we're the executing industry of look but advertising. future And of managing prioritizing as hyper-focused our staying the we product on least to cost shaping remain cash. further the we'll personalized landscape
and leveraging unusual our for and rebound by best best-in-class Solutions strength direct includes sales help our to driving response our signs marketing from core This them. clients Performance these
brand believe As are industry will forward, channels we marketers suggest more investments that sales. we of analysts recession budgets that and number Ratko awareness in or cut likely AdProfs, response. more direct marketers believe valuable experts tough head including top going prioritize accountable that measurable economy increasingly for Vidakovic into safer to like more at of be drive for the to look response direct likely high-return will the cut what's global and A typically – funnel a are
that advertisers say in of performance shows marketing COVID-XX focus perceptions advertisers XX% they'll context. from on survey recent more A the
we our advantages customers reason proved core competitive these well they our recover as For and response hard marketing in this best think our client strong be strength direct times. relationships from as the helping to
hand cost our QX I'll to performance it financial that and to and over Benoit? Benoit and cover With liquidity now control our outlook.
