Criteo SA (CRTO)

CRITEO REPORTS FIRST QUARTER 2026 RESULTSMay 6, 2026 7:00 AM
PR Newswire (US) Q1 Activated Media Spend Surpasses $1 Billion for the First Time
Deployed $31 Million to Repurchase Shares in Q1 2026NEW YORK, May 6, 2026 /PRNewswire/ -- Criteo S.A. (NASDAQ: CRTO) ("Criteo" or the "Company"), the global commerce intelligence platform, today announced financial results for the first quarter ended March 31, 2026.First Quarter 2026 Financial Highlights:The following table summarizes our consolidated financial results for the three months ended March 31, 2026:
Three Months Ended
March 31,
2026
2025
YoY Change
(in millions, except EPS data)GAAP Results




Revenue$425
$451
(6) %Gross Profit$223
$237
(6) %Net Income$9
$40
(79) %Gross Profit margin52 %
52 %
0 pptDiluted EPS$0.15
$0.66
(77) %Cash from operating activities$48
$62
(23) %Cash and cash equivalents$320
$286
12 %





Non-GAAP Results1




Contribution ex-TAC$250
$264
(5) %Adjusted EBITDA$65
$92
(30) %Adjusted diluted EPS$0.73
$1.10
(34) %Free Cash Flow (FCF)$16
$45
(65) %FCF / Adjusted EBITDA25 %
49 %
(24) ppt"We delivered a solid start to 2026 with disciplined execution and meaningful progress against our strategy," said Michael Komasinski, Chief Executive Officer of Criteo. "While the near-term outlook reflects a more challenging environment, we are advancing our AI roadmap, strengthening our commercial organization, and scaling our AI-driven solutions across Performance Media and Retail Media. We remain confident in our path to reacceleration and the opportunity ahead."Operating HighlightsCriteo became the first advertising technology partner integrating with OpenAI's advertising solution.We expanded our GO platform with full self-service access and agentic onboarding for small and mid-sized businesses (SMBs).Criteo's media spend2 was $4.4 billion in the last 12 months and $1.0 billion in Q1 2026, up 8% year-over-year at constant currency3.Retail Media Contribution ex-TAC was down (32)% year-over-year at constant currency3, as expected, reflecting the impact of previously communicated scope changes with two specific Retail Media clients. Excluding this impact, Contribution ex-TAC grew 24% in Q1 across the underlying client base.We expanded our DoorDash partnership in Canada and added Hyundai Department Store in APAC, further strengthening our Retail Media footprint.Performance Media Contribution ex-TAC was down (2)% year-over-year at constant currency3.We deployed $31 million of capital for share repurchases in the first three months of 2026.We received overwhelming shareholder support to redomicile from France to Luxembourg, with completion expected in the third quarter of 2026.___________________________________________________1 Contribution ex-TAC, Adjusted EBITDA, Adjusted EBITDA margin, Adjusted diluted EPS and Free Cash Flow are not measures calculated in accordance with U.S. GAAP.2 Media spend is defined as working media spend allocated to Retail Media campaigns and media spend activated on behalf of Performance Media clients.3 Constant currency measures exclude the impact of foreign currency fluctuations and is computed by applying the prior year monthly exchange rates to transactions denominated in settlement or billing currencies other than the U.S. dollar.Financial SummaryRevenue for Q1 2026 was $425 million, gross profit was $223 million and Contribution ex-TAC was $250 million. Net income for Q1 2026 was $9 million, representing $0.15 per share on a diluted basis. Adjusted EBITDA for Q1 2026 was $65 million, resulting in an adjusted diluted EPS of $0.73. As reported, revenue for Q1 decreased (6)%, gross profit decreased (6)% and Contribution ex-TAC decreased (5)%. At constant currency, revenue for Q1 2026 decreased (9)% and Contribution ex-TAC decreased (9)%. Cash flow from operating activities was $48 million in Q1 2026 and Free Cash Flow was $16 million in Q1 2026. As of March 31, 2026, we had $371 million in cash and marketable securities on our balance sheet.Sarah Glickman, Chief Financial Officer, said, "Our first quarter results reflect strong execution, while our outlook incorporates macro volatility, including geopolitical tensions in the Middle East and the lower marketing budgets for certain large Performance Media U.S. clients so far in the second quarter. We are taking a prudent approach, with a continued focus on execution and cost discipline."First Quarter 2026 ResultsRevenue, Gross Profit and Contribution ex-TACRevenue decreased (6)% year-over-year in Q1 2026, or decreased (9)% at constant currency, to $425 million (Q1 2025: $451 million). Gross profit decreased (6)% year-over-year in Q1 2026 to $223 million (Q1 2025: $237 million). Gross profit as a percentage of revenue, or gross profit margin, was 52% (Q1 2025: 52%). Contribution ex-TAC in the first quarter decreased (5)% year-over-year, or decreased (9)% at constant currency, to $250 million (Q1 2025: $264 million).Retail Media revenue decreased (31)%, or (32)% at constant currency, and Retail Media Contribution ex-TAC decreased (31)%, or (32)% at constant currency, reflecting a $27 million headwind from previously communicated scope changes with two specific Retail Media clients, partially offset by strong growth across the broader retail partner base. Excluding this impact, Contribution ex-TAC grew 24% in Q1 across the underlying client base.Performance Media revenue decreased (2)%, or decreased (6)% at constant currency, and Performance Media Contribution ex-TAC increased 2%, or decreased (2)% at constant currency, reflecting mixed trends in Commerce Growth, continued momentum in our SSP, and improvement in AdTech services.Net Income and Adjusted Net IncomeNet income was $9 million in Q1 2026 (Q1 2025: net income: $40 million). Net income allocated to shareholders of Criteo was $8 million, or $0.15 per share on a diluted basis (Q1 2025: net income allocated to shareholders of $38 million, or $0.66 per share on a diluted basis).Adjusted net income, a non-GAAP financial measure, was $37 million, or $0.73 per share on a diluted basis (Q1 2025: $63 million, or $1.10 per share on a diluted basis).Adjusted EBITDA and Operating ExpensesAdjusted EBITDA was $65 million (Q1 2025: $92 million), reflecting lower Contribution ex-TAC due to the temporary impact of previously communicated scope changes with two specific Retail Media clients, along with planned growth investments in a seasonally low quarter. Adjusted EBITDA as a percentage of Contribution ex-TAC, or Adjusted EBITDA margin, was 26% (Q1 2025: 35%).Operating expenses increased 12% year-over-year to $212 million (Q1 2025: $189 million), mostly driven by planned growth investments. Non-GAAP operating expenses increased 10% year-over-year to $165 million (Q1 2025: $151 million).Cash Flow, Cash and Financial Liquidity PositionCash flow from operating activities was $48 million in Q1 2026 (Q1 2025: $62 million).Free Cash Flow was $16 million in Q1 2026 (Q1 2025: $45 million). On a trailing 12-month basis, Free Cash Flow was $181 million.Cash and cash equivalents, and marketable securities, were $371 million, a $(17) million decrease compared to December 31, 2025, after spending $31 million on share repurchases in the three months ended March 31, 2026.As of March 31, 2026, the Company had total financial liquidity of approximately $889 million, including $320 million of cash and cash equivalents, $51 million of marketable securities, $468 million available through its revolving credit facility, and $49 million of treasury shares reserved for M&A. Subsequent to March 31, 2026, the Company cancelled 1.9 million of M&A treasury shares in April, representing approximately $39 million.2026 Business OutlookThe following forward-looking statements reflect Criteo's expectations as of May 6, 2026, including current macro-economic conditions, ongoing geopolitical tensions in the Middle East, and a prudent approach to guidance based on quarter-to-date trends.Fiscal year 2026 guidance:We now expect Contribution ex-TAC to decrease low-single-digit at constant currency.We continue to expect an Adjusted EBITDA margin of approximately 32% to 34% of Contribution ex-TAC.Second quarter 2026 guidance:We expect Contribution ex-TAC between $260 million and $264 million, or -11% to -9% year-over-year at constant-currency.We expect Adjusted EBITDA between $67 million and $71 million.The Company's second quarter 2026 guidance reflects the temporary impact of previously communicated scope changes with two specific Retail Media clients.The above guidance for the fiscal year ending December 31, 2026 assumes the following exchange rates for the main currencies impacting our business: a U.S. dollar-euro rate of 0.862, a U.S. dollar-Japanese Yen rate of 154, a U.S. dollar-British Pound rate of 0.750, a U.S. dollar-Korean Won rate of 1,500 and a U.S. dollar-Brazilian Real rate of 5.300.The above guidance assumes that no acquisitions and dispositions are completed during the second quarter of 2026 or the fiscal year ended December 31, 2026.Reconciliations of Contribution ex-TAC, Adjusted EBITDA and Adjusted EBITDA margin guidance to the closest corresponding U.S. GAAP measures are not available without unreasonable efforts on a forward-looking basis due to the high variability, complexity and low visibility with respect to the charges excluded from these non-GAAP measures; in particular, the measures and effects of equity awards compensation expense specific to equity compensation awards that are directly impacted by unpredictable fluctuations in our share price. The variability of the above charges could potentially have a significant impact on our future U.S. GAAP financial results.Non-GAAP Financial MeasuresThis press release and its attachments include the following financial measures defined as non-GAAP financial measures by the U.S. Securities and Exchange Commission ("SEC"): Contribution ex-TAC, Adjusted EBITDA, Adjusted EBITDA margin, Adjusted Net Income, Adjusted diluted EPS, Free Cash Flow and Non-GAAP Operating Expenses. These measures are not calculated in accordance with U.S. GAAP.Contribution ex-TAC is a profitability measure akin to gross profit. It is calculated by deducting traffic acquisition costs from revenue and reconciled to gross profit through the exclusion of other costs of revenue. Contribution ex-TAC is not a measure calculated in accordance with U.S. GAAP. We have included Contribution ex-TAC because it is a key measure used by our management and board of directors to evaluate operating performance, generate future operating plans and make strategic decisions. In particular, we believe that this measure can provide useful measures for period-to-period comparisons of our business. Accordingly, we believe that Contribution ex-TAC provides useful information to investors and others in understanding and evaluating our results of operations in the same manner as our management and board of directors.Adjusted EBITDA is our consolidated earnings before financial income (expense), income taxes, depreciation and amortization, adjusted to eliminate the impact of equity related compensation, which includes employee equity awards compensation and director fees for share purchases, pension service costs, certain acquisition costs, certain restructuring and related costs, integration and transformation costs, and other nonrecurring or noncash items impacting net income that we do not consider indicative of our ongoing business performance. Adjusted EBITDA and Adjusted EBITDA margin are key measures used by our management and board of directors to understand and evaluate our core operating performance and trends, to prepare and approve our annual budget and to develop short- and long-term operational plans. In particular, we believe that Adjusted EBITDA and Adjusted EBITDA margin can provide useful measures for period-to-period comparisons of our business. Accordingly, we believe that Adjusted EBITDA and Adjusted EBITDA margin provide useful information to investors and the market generally in understanding and evaluating our results of operations in the same manner as our management and board of directors.Adjusted Net Income is our net income adjusted to eliminate the impact of equity related compensation, which includes employee equity awards compensation and director fees for share purchases, amortization of acquisition-related assets, certain restructuring and related costs, integration and transformation costs, certain acquisition costs, other nonrecurring or noncash items impacting net income that we do not consider indicative of our ongoing business performance, and the tax impact of these adjustments. Adjusted Net Income and Adjusted diluted EPS are key measures used by our management and board of directors to evaluate operating performance, generate future operating plans and make strategic decisions regarding the allocation of capital. In particular, we believe that Adjusted Net Income and Adjusted diluted EPS can provide useful measures for period-to-period comparisons of our business. Accordingly, we believe that Adjusted Net Income and Adjusted diluted EPS provide useful information to investors and the market generally in understanding and evaluating our results of operations in the same manner as our management and board of directors.Free Cash Flow is defined as cash flow from operating activities less net acquisition of intangible assets, property, and equipment. Free Cash Flow Conversion is defined as free cash flow divided by Adjusted EBITDA. Free Cash Flow and Free Cash Flow Conversion are key measures used by our management and board of directors to evaluate the Company's ability to generate cash. Accordingly, we believe that Free Cash Flow and Free Cash Flow Conversion permit a more complete and comprehensive analysis of our available cash flows.Non-GAAP Operating Expenses are our consolidated operating expenses adjusted to eliminate depreciation and amortization, equity related compensation, which includes employee equity awards compensation and director fees for share purchases, pension service costs, certain restructuring and related costs, integration and transformation costs, certain acquisition costs, and other nonrecurring or noncash items. The Company uses Non-GAAP Operating Expenses to understand and compare operating results across accounting periods, for internal budgeting and forecasting purposes, for short-term and long-term operational plans, and to assess and measure our financial performance and the ability of our operations to generate cash. We believe Non-GAAP Operating Expenses reflects our ongoing operating expenses in a manner that allows for meaningful period-to-period comparisons and analysis of trends in our business. As a result, we believe that Non-GAAP Operating Expenses provides useful information to investors in understanding and evaluating our core operating performance and trends in the same manner as our management and in comparing financial results across periods. In addition, Non-GAAP Operating Expenses is a key component in calculating Adjusted EBITDA, which is one of the key measures the Company uses to provide its quarterly and annual business outlook to the investment community.Please refer to the supplemental financial tables provided in the appendix of this press release for a reconciliation of Contribution ex-TAC to gross profit, Adjusted EBITDA to net income, Adjusted Net Income to net income, Free Cash Flow to cash flow from operating activities, and Non-GAAP Operating Expenses to operating expenses, in each case, the most comparable U.S. GAAP measure. Our use of non-GAAP financial measures has limitations as an analytical tool, and you should not consider such non-GAAP measures in isolation or as a substitute for analysis of our financial results as reported under U.S. GAAP. Some of these limitations are: 1) other companies, including companies in our industry which have similar business arrangements, may address the impact of TAC differently; and 2) other companies may report Contribution ex-TAC, Contribution ex-TAC margin, Adjusted EBITDA, Adjusted Net Income, Free Cash Flow, Non-GAAP Operating Expenses or similarly titled measures but calculate them differently or over different regions, which reduces their usefulness as comparative measures. Because of these and other limitations, you should consider these measures alongside our U.S. GAAP financial results, including revenue and net income.Forward-Looking Statements DisclosureThis press release contains forward-looking statements, including projected financial results for the quarter ending December 31, 2026 and the year ending December 31, 2026, our expectations regarding our market opportunity and future growth prospects and other statements that are not historical facts and involve risks and uncertainties that could cause actual results to differ materially. Factors that might cause or contribute to such differences include, but are not limited to: failure related to our technology and our ability to innovate and respond to changes in technology, including our use and expected use of AI; uncertainty regarding our ability to access a consistent supply of internet display advertising inventory and expand access to such inventory; investments in new business opportunities and the timing of these investments, whether the projected benefits of acquisitions or strategic transactions, including the redomiciliation from France to Luxembourg (the "Conversion"), materialize as expected; uncertainty regarding our international operations and expansion, including related to changes in a specific country's or region's political or economic conditions or policies and related uncertainties (such as the imposition and enforceability of tariffs); the impact of competition or client in-housing; uncertainty regarding legislative, regulatory or self-regulatory developments regarding data privacy matters and the impact of efforts by other participants in our industry to comply therewith; our ability to obtain and utilize certain data as a result of consumer concerns regarding data collection and sharing, as well as potential limitations in accessing data from third parties; failure to enhance our brand cost-effectively, recent growth rates not being indicative of future growth; client flexibility to increase or decrease spend; our ability to manage growth, potential fluctuations in operating results, our ability to grow our base of clients, and the financial impact of maximizing Contribution ex-TAC, as well as risks related to future opportunities and plans, including the uncertainty of expected future financial performance and results; changes in general political, economic and competitive conditions and specific market conditions; adverse changes in the advertising industry; changes in applicable laws or accounting practices; the Conversion not being completed; the impact or outcome of any legal proceedings or regulatory actions that may be instituted against us in connection with the Conversion; failure to list our shares on Nasdaq following the Conversion or maintain our listing thereafter; inability to take advantage of the potential strategic opportunities provided by, and realize the potential benefits of, the Conversion; the disruption of current plans and operations by the Conversion; the disruption to the Company's relationships, including with employees, landowners, suppliers, lenders, partners, governments and shareholders; the future financial performance of Criteo following the Conversion, including our anticipated growth rate and market opportunity; changes in shareholders' rights as a result of the Conversion; inability to terminate the deposit agreement and withdraw our ordinary shares from the depositary so as to terminate our ADS program in connection with the Conversion; difficulty in adapting to operating under the laws of Luxembourg; following the completion of the Conversion, a delay or failure in our ability to redomicile to the United States via the merger into a newly incorporated and wholly-owned U.S. subsidiary for any reason; costs or taxes related to the Conversion; and those risks detailed from time-to-time under the caption "Risk Factors" and elsewhere in the Company's SEC filings and reports, including the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the SEC on February 26, 2026, and in subsequent Quarterly Reports on Form 10-Q, as well as future filings and reports by the Company. Importantly, at this time, macro-economic conditions including inflation and fluctuating interest rates in the U.S. have impacted and may continue to impact Criteo's business, financial condition, cash flow and results of operations. Accordingly, a forward-looking statement is neither a prediction nor a guarantee of future events or circumstances and those future events or circumstances may not occur. You should not place undue reliance on the forward-looking statements, which speak only as of the date of this release.Except as required by law, the Company undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events, changes in expectations or otherwise.Conference Call InformationCriteo's senior management team will discuss the Company's earnings on a call that will take place today, May 6, 2026, at 8:00 AM ET, 2:00 PM CET. The conference call will be webcast live on the Company's website at https://criteo.investorroom.com/ and will subsequently be available for replay.United States:                   +1 800 836 8184International:                    +1 646 357 8785France                               080-094-5120Please ask to be joined into the "Criteo" call.About CriteoCriteo (NASDAQ: CRTO) is the global commerce intelligence platform that drives performance for brands, agencies, retailers, and publishers. Built on proprietary commerce data from more than $1 trillion in annual sales and two decades of AI innovation, Criteo helps companies across the ecosystem make smarter decisions and achieve better outcomes, while delivering more relevant experiences for shoppers. With thousands of clients and deep partnerships across global retail and digital commerce, Criteo provides the technology and insights businesses need to compete and grow. For more information, please visit www.criteo.com. ContactsInvestor Relations & Corporate Communications
Melanie Dambre, m.dambre@criteo.com Public Relations
Jessica Meyers, j.meyers@criteo.com Financial information to followCRITEO S.A.Consolidated Statement of Financial Position(U.S. dollars in thousands, unaudited) 
March 31, 2026
December 31, 2025Assets


Current assets:


Cash and cash equivalents$                319,981
$                342,038Trade receivables, net of allowances of $ 23.2 million and $ 25.9 million at March 31, 2026 and December 31, 2025, respectively448,275
582,102Income taxes12,985
14,233Other taxes61,100
57,050Marketable securities - current portion28,348
23,242Prepaid expenses and other current assets69,597
53,210Total current assets940,286
1,071,875Property and equipment, net155,502
139,330Intangible assets, net148,724
151,853Goodwill532,525
535,761Right of use assets - operating leases128,692
134,205Marketable securities - noncurrent portion22,996
23,500Noncurrent financial assets8,193
8,314Deferred tax assets88,355
90,689Other noncurrent assets46,777
45,680    Total noncurrent assets1,131,764
1,129,332Total assets$              2,072,050
$              2,201,207



Liabilities and shareholders' equity


Current liabilities:


Trade payables$                448,472
$                566,046Contingencies - current portion11,390
9,229Income taxes21,943
27,528Financial liabilities - current portion10,626
11,360Lease liability - operating - current portion34,475
33,085Other taxes12,820
14,713Employee - related payables119,297
114,416Other current liabilities78,025
68,277Total current liabilities737,048
844,654Deferred tax liabilities5,179
5,285Defined benefit plans5,725
5,707Lease liability - operating - noncurrent portion99,221
105,277Contingencies - noncurrent portion23,039
22,729Other noncurrent liabilities32,403
31,826    Total noncurrent liabilities165,567
170,824Total liabilities902,615
1,015,478



Shareholders' equity:


Common shares, €0.025 par value, 55,659,895 and 55,659,895 shares authorized and issued, and 50,098,139 and 51,151,866 outstanding at March 31, 2026  and December 31, 2025, respectively.1,871
1,871Treasury stock, 5,561,756 and 4,508,029 shares at cost as of March 31, 2026  and December 31, 2025, respectively.(126,390)
(120,853)Additional paid-in capital698,717
706,321Accumulated other comprehensive loss(77,319)
(68,879)Retained earnings635,935
630,750Equity attributable to the shareholders of Criteo S.A.1,132,814
1,149,210Noncontrolling interests36,621
36,519Total equity1,169,435
1,185,729Total equity and liabilities$              2,072,050
$              2,201,207 CRITEO S.A.
Consolidated Statement of Operations
(U.S. dollars in thousands, except share and per share data, unaudited) 

Three Months Ended

March 31,

2026
2025




Revenue
$     424,639
$     451,434




Cost of revenue



Traffic acquisition cost
174,271
187,062Other cost of revenue
27,626
27,396




Gross profit
222,742
236,976




Operating expenses:



Research and development expenses
69,683
60,749Sales and operations expenses
97,501
88,889General and administrative expenses
45,158
39,171Total operating expenses
212,342
188,809Income from operations
10,400
48,167Financial and other income
1,873
2,302Income before taxes
12,273
50,469Provision for income taxes
3,693
10,458Net income
$       8,580
$      40,011




Net income available to shareholders of Criteo S.A.
$       7,817
$      37,928Net income available to noncontrolling interests
$          763
$        2,083




Weighted average shares outstanding used in computing per share amounts:



Basic
50,352,465
53,979,157Diluted
50,965,933
57,195,898




Net income allocated to shareholders per share:



Basic
$         0.16
$         0.70Diluted
$         0.15
$         0.66 CRITEO S.A.Consolidated Statement of Cash Flows(U.S. dollars in thousands, unaudited) 

Three Months Ended

March 31,

2026
2025Cash flows from operating activities



Net income
$     8,580
$   40,011Noncash and nonoperating items
40,266
42,630          - Amortization and provisions
28,569
23,583          - Equity awards compensation expense
13,347
15,409          - Gain (Loss) on disposal of and impairment of long-lived assets
(749)
547          - Change in uncertain tax positions
427
—          - Change in deferred taxes
2,007
6,888          - Change in income taxes
(3,692)
(4,288)          - Other
357
491Changes in assets and liabilities:
(639)
(20,300)           - Trade receivables
131,986
163,943           - Trade payables
(112,841)
(174,331)           - Other assets
(24,515)
(8,460)           - Other liabilities
3,828
(145)           - Operating lease liabilities and right of use assets
903
(1,307)Net cash provided by operating activities
48,207
62,341Cash flows from investing activities



Acquisition of intangible assets, property and equipment
(32,848)
(17,091)Disposal of intangibles assets, property and equipment
641
—Purchases of investment securities
(17,319)
(11,449)Maturities and sales of investment securities
11,613
11,002Net cash used in investing activities
(37,913)
(17,538)Cash flows from financing activities



Proceeds from exercise of stock options
—
1,845Repurchase of treasury stocks
(30,969)
(56,168)Change in other financing activities
(316)
(471)Net cash used in financing activities
(31,285)
(54,794)Effect of exchange rates changes on cash and cash equivalents
(1,066)
5,219Net decrease in cash and cash equivalents and restricted cash
(22,057)
(4,772)Net cash and cash equivalents and restricted cash at the beginning of the period
342,359
290,943Net cash and cash equivalents and restricted cash at the end of the period
$  320,302
$ 286,171




Reconciliation of cash, cash equivalents, and restricted cash to the consolidated statement of financial position



Cash and cash equivalents
$  319,981
$ 285,850Restricted cash, included in other current assets
$       321
$      321Total cash, cash equivalents, and restricted cash
$  320,302
$ 286,171




SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION



Cash paid for taxes, net of refunds
$    (4,951)
$   (5,920)Cash paid for interest
$      (527)
$     (244)Noncash investing and financing activities



Intangible assets, property and equipment acquired through payables
$   12,204
$    1,621 CRITEO S.A.Reconciliation of Cash from Operating Activities to Free Cash Flow(U.S. dollars in thousands, unaudited) 

Three Months Ended

March 31,

2026
2025




CASH FROM OPERATING ACTIVITIES
$   48,207
$   62,341Acquisition of intangible assets, property and equipment
(32,848)
(17,091)Disposal of intangible assets, property and equipment
641
—FREE CASH FLOW (1)
$   16,000
$   45,250(1) Free Cash Flow is defined as cash flow from operating activities less acquisition and disposition of intangible assets, property and equipment. CRITEO S.A.Reconciliation of Contribution ex-TAC to Gross Profit (U.S. dollars in thousands, unaudited) 
Three Months EndedMarch 31,20262025


Gross Profit222,742236,976


Other Cost of Revenue27,62627,396


Contribution ex-TAC (1)$  250,368$    264,372(1) Refer to the "Non-GAAP Financial Measures" section for the definition of this Non-GAAP metric. CRITEO S.A.Segment Information(U.S. dollars in thousands, unaudited) 

Three Months Ended

March 31,Segment
2026
2025
YoY
Change
YoY
Change
at
Constant
Currency
(2)Revenue







Retail Media
$    41,271
$    59,498
(31) %
(32) %Performance Media
383,368
391,936
(2) %
(6) %Total
424,639
451,434
(6) %
(9) %








Contribution ex-TAC







Retail Media
40,589
58,790
(31) %
(32) %Performance Media
209,779
205,582
2 %
(2) %Total (1)
$   250,368
$   264,372
(5) %
(9) %(1) Refer to the Non-GAAP Financial Measures section of this filing for the definition of the Non-GAAP metric.(2) Constant currency measures exclude the impact of foreign currency fluctuations and are computed by applying the prior year monthly exchange rates to transactions denominated in settlement or billing currencies other than the US dollar. CRITEO S.A.Reconciliation of Adjusted EBITDA to Net Income(U.S. dollars in thousands, unaudited) 

Three Months Ended

March 31,

2026
2025
YoYChangeNet income
$       8,580
$     40,011
(79) %Adjustments:





Financial income
(1,873)
(1,948)
4 %Provision for income taxes
3,693
10,458
(65) %Equity related compensation
13,822
15,880
(13) %Pension service costs
198
183
8 %Depreciation and amortization expense
28,367
25,693
10 %Restructuring, integration and transformation costs
10,162
1,871
443 %Other noncash or nonrecurring events (2)
1,950
—
NMTotal net adjustments
56,319
52,137
8 %Adjusted EBITDA (1)
$     64,899
$     92,148
(30) %(1) Refer to the "Non-GAAP Financial Measures" section for the definition of this Non-GAAP metric.(2) Includes costs related to nonrecurring litigation matters. CRITEO S.A.Reconciliation from Non-GAAP Operating Expenses to Operating Expenses under GAAP(U.S. dollars in thousands, unaudited) 

Three Months Ended

March 31,

2026
2025
YoY
ChangeResearch and Development expenses
$     69,683
$     60,749
15 %Equity related compensation
4,889
4,334
13 %Depreciation and Amortization expense
19,139
16,673
15 %Pension service costs
116
101
15 %Restructuring, integration and transformation costs
315
73
332 %Non-GAAP - Research and Development expenses
45,224
39,568
14 %Sales and Operations expenses
97,501
88,889
10 %Equity related compensation
2,952
5,421
(46) %Depreciation and Amortization expense
1,417
3,339
(58) %Pension service costs
21
24
(13) %Restructuring, integration and transformation costs
4,539
66
NMNon-GAAP - Sales and Operations expenses
88,572
80,039
11 %General and Administrative expenses
45,158
39,171
15 %Equity related compensation
5,981
6,125
(2) %Depreciation and Amortization expense
380
333
14 %Pension service costs
61
58
5 %Restructuring, integration and transformation costs
5,308
1,732
206 %Other noncash or nonrecurring events (2)
1,950
—
NMNon-GAAP - General and Administrative expenses
31,478
30,923
2 %Total Operating expenses
212,342
188,809
12 %Equity related compensation
13,822
15,880
(13) %Depreciation and Amortization expense
20,936
20,345
3 %Pension service costs
198
183
8 %Restructuring, integration and transformation costs
10,162
1,871
443 %Other noncash or nonrecurring events (2)
1,950
—
NMTotal Non-GAAP Operating expenses (1)
$    165,274
$    150,530
10 %(1) Refer to the "Non-GAAP Financial Measures" section for the definition of this Non-GAAP metric.(2) Includes costs related to nonrecurring litigation matters. CRITEO S.A.
Reconciliation of Adjusted Net Income to Net Income (Loss)
(U.S. dollars in thousands except share and per share data, unaudited) 

Three Months Ended

March 31,

2026
2025
YoY
Change






Net income
$      8,580
$     40,011
(79) %Adjustments:





Equity related compensation
13,822
15,880
(13) %Amortization of acquisition-related intangible assets
6,635
8,998
(26) %Restructuring, integration and transformation costs
10,162
1,871
443 %Other noncash or nonrecurring events (2)
1,950
—
NMTax impact of the above adjustments (3)
(4,021)
(3,930)
(2) %Total net adjustments
28,548
22,819
25 %Adjusted net income (1)
$     37,128
$     62,830
(41) %






Weighted average shares outstanding





 - Basic
50,352,465
53,979,157

 - Diluted
50,965,933
57,195,898








Adjusted net income per share





 - Basic
$        0.74
$        1.16
(36) % - Diluted
$        0.73
$        1.10
(34) %(1) Refer to the "Non-GAAP Financial Measures" section for the definition of this Non-GAAP metric.(2) Includes costs related to nonrecurring litigation matters.(3) We consider the nature of the adjustment to determine its tax treatment in the various tax jurisdictions we operate in. The tax impact is calculated by applying the actual tax rate for the entity and period to which the adjustment relates. CRITEO S.A.Constant Currency Reconciliation(1)(U.S. dollars in thousands, unaudited) 

Three Months Ended

March 31,

2026
2025
YoYChange






Gross Profit as reported
$     222,742
$     236,976
(6) %






Other cost of revenue as reported
27,626
27,396
1 %






Contribution ex-TAC as reported(2)
250,368
264,372
(5) %Conversion impact U.S. dollar/other currencies
(9,474)
—

Contribution ex-TAC at constant currency
240,894
264,372
(9) %






Traffic acquisition costs as reported
174,271
187,062
(7) %Conversion impact U.S. dollar/other currencies
(5,692)
—

Traffic acquisition costs at constant currency
168,579
187,062
(10) %






Revenue as reported
424,639
451,434
(6) %Conversion impact U.S. dollar/other currencies
(15,166)
—

Revenue at constant currency
$     409,473
$     451,434
(9) %(1) Constant currency measures exclude the impact of foreign currency fluctuations and are computed by applying the prior year monthly exchange rates to transactions denominated in settlement or billing currencies other than the U.S. dollar.(2) Refer to the "Non-GAAP Financial Measures" section for the definition of this Non-GAAP metric. CRITEO S.A.Information on Share Count(unaudited) 

Three Months Ended

2026
2025Shares outstanding as at January 1,
51,151,866
54,277,422Weighted-average effect of changes in shares outstanding during the period
(799,401)
(298,265)Basic number of shares - Basic EPS basis
50,352,465
53,979,157Dilutive effect of share-based awards - Treasury method
613,468
3,216,741Diluted number of shares - Diluted EPS basis
50,965,933
57,195,898




Shares issued as at March 31, before Treasury stocks
55,659,895
57,854,895Treasury stocks as of March 31,
(5,561,756)
(4,285,178)Shares outstanding as of March 31, after Treasury stocks
50,098,139
53,569,717 CRITEO S.A.Supplemental Financial Information and Operating Metrics(U.S. dollars in thousands except where stated, unaudited) 
YoYChangeQoQ ChangeQ12026Q42025Q32025Q22025Q12025Q42024Q32024Q22024Q12024











Clients(3) %(2) %16,52816,78616,97717,14217,08417,26917,16217,74417,767











Revenue  (6) %(22) %424,639541,136469,660482,671451,434553,035458,892471,307450,055Americas(18) %(34) %158,629241,987201,978199,797192,908274,620206,816212,374198,365EMEA6 %(14) %175,330202,901174,335185,955164,861183,372161,745168,496162,842APAC(3) %(6) %90,68096,24893,34796,91993,66595,04390,33190,43788,848











Revenue(6) %(22) %424,639541,136469,660482,671451,434553,035458,892471,307450,055Retail Media(31) %(46) %41,27176,34767,11460,91359,49891,88960,76554,77750,872Performance Media(2) %(18) %383,368464,789402,546421,758391,936461,146398,127416,530399,183











TAC(7) %(17) %174,271211,094181,526190,602187,062218,636192,789204,214196,167Retail Media (4) %(61) %6821,7278499047081,6611,182911703Performance Media(7) %(17) %173,589209,367180,677189,698186,354216,975191,607203,303195,464











Contribution ex-TAC (1)(5) %(24) %250,368330,042288,134292,069264,372334,399266,103267,093253,888Retail Media (31) %(46) %40,58974,62066,26560,00958,79090,22859,58353,86650,169Performance Media2 %(18) %209,779255,422221,869232,060205,582244,171206,520213,227203,719











Cash flow from (used for) operating activities  (23) %(70) %48,207160,68889,600(1,397)62,341169,45457,50317,18714,017











Capital expenditures88 %22 %32,20726,49522,25834,88217,09123,39418,89921,11913,224











Net cash position 12 %(6) %320,302342,359255,335206,024286,171290,943283,990291,698341,862











Headcount1 %(3) %3,5533,6493,6503,6213,5333,5073,5043,4983,559











Days Sales Outstanding (days - end of month)(8) days3 days605764656862656466(1)  Refer to the "Non-GAAP Financial Measures" section for the definition of this Non-GAAP metric.  View original content:https://www.prnewswire.com/news-releases/criteo-reports-first-quarter-2026-results-302763512.htmlSOURCE Criteo Corp Original: CRITEO REPORTS FIRST QUARTER 2026 RESULTS

Criteo Expands GO with Full Self-Service Access to Its AI-Powered Performance PlatformMarch 31, 2026 7:00 AM
PR Newswire (US)

New offering enables cross-channel, full-funnel performance campaigns in as few as five clicksFormer Google Head of Shopping Courtney MacConnell joins Criteo to lead GONEW YORK, March 31, 2026 /PRNewswire/ -- Criteo (NASDAQ: CRTO), the global commerce intelligence platform, today announced the expansion of its GO platform with full self-service access for small and mid-sized businesses (SMBs) and growth-stage commerce brands. Criteo GO enables advertisers to independently create an account, enter billing details, and launch campaigns in as few as five clicks. By expanding access to Criteo's AI-powered performance capabilities, the company can scale to a wider advertiser base while delivering measurable outcomes across the shopper journey.



Designed to simplify activation and dynamically allocate budgets across channels, Criteo GO unifies display, video, native, and social within a single campaign environment. The platform automatically optimizes spend to drive the best outcome, while built-in generative AI creative tools produce and adapt ad formats, including video, to maintain consistent, high-performing messaging across channels.GO campaigns have already demonstrated strong performance in the market. Campaigns that include social activation deliver more than 20% higher return on ad spend (ROAS) compared to traditional configurations. This performance has contributed to increased advertiser investment and lower churn, reinforcing Criteo GO's role as a durable growth driver for the company."As a growing brand, speed and creativity are critical to how we show up in the market," said Eric Prum, Co-Founder & Co-CEO at Very Great, a digitally native consumer product company behind brands including Wild One, W&P, and Courant. "Criteo GO's AI-powered capabilities allow us to move from idea to execution quickly, helping us stay agile, make smarter decisions, and drive meaningful cross-channel, full-funnel results without adding complexity."As consumer touchpoints fragment across platforms, channels, and devices, many legacy tools remain confined to closed ecosystems, limiting reach and transparency for marketers. Criteo GO addresses this challenge by harnessing the scale of its global commerce data, including 740 million daily shoppers, $1T in annual transactions, and 5 billion product SKUs to help brands engage high-intent consumers wherever they discover and shop online."Performance marketing is being redesigned in real time and marketers can no longer afford to operate in channel silos," said Todd Parsons, Chief Product Officer and President of Performance Media at Criteo. "With GO's new self-service capabilities, we're opening our platform to a broader set of advertisers, giving growing brands access to AI-powered, cross-channel, full-funnel performance capabilities at scale, while unlocking a meaningful, multi-year growth opportunity for Criteo."Criteo GO's Onboarding Agent is available today, marking a significant step forward in advancing Criteo's agentic capabilities. By forecasting results and automatically configuring key parameters, the Onboarding Agent reflects Criteo's vision of an AI-powered ecosystem where campaigns are not only automated but intelligently guided from launch to scale.To support the expansion of Criteo GO globally, the company has also appointed Google veteran Courtney MacConnell as Vice President of Commercialization for GO. Most recently Head of Shopping at Google, MacConnell brings significant operating experience scaling Google's Performance Max solution, as well as a proven track record of driving AI-powered commerce outcomes for brands. In this role, she will work alongside newly appointed Vice President of GO Product Christopher Towl to lead the next phase of Criteo GO's growth and evolution."We're excited to welcome Courtney to Criteo at such a pivotal moment for GO," Todd Parsons added. "We've built strong momentum with this offering, and with Courtney and Christopher at the helm, we're well-positioned to scale execution globally and make Criteo GO a cornerstone of how brands achieve performance outcomes across channels."Criteo GO's self-service capabilities are now available in the U.S. and U.K., with plans to expand to other markets later this year. To learn more about the platform, click here.ContactsCriteo Public Relations 
Jessica Meyers, j.meyers@criteo.comCriteo Investor Relations 
Melanie Dambre, m.dambre@criteo.comAbout Criteo Criteo (NASDAQ: CRTO) is the global commerce intelligence platform that drives performance for brands, agencies, retailers, and publishers. Built on proprietary commerce data from more than $1 trillion in annual sales and two decades of AI innovation, Criteo helps companies across the ecosystem make smarter decisions and achieve better outcomes, while delivering more relevant experiences for shoppers. With thousands of clients and deep partnerships across global retail and digital commerce, Criteo provides the technology and insights businesses need to compete and grow. For more information, please visit criteo.com.Forward Looking Statements DisclosureThis press release contains forward-looking statements, including our expectations regarding our market opportunity and future growth prospects and other statements that are not historical facts and involve risks and uncertainties that could cause actual results to differ materially. Factors that might cause or contribute to such differences include, but are not limited to: failure related to our technology and our ability to innovate and respond to changes in technology, uncertainty regarding our ability to access a consistent supply of internet display advertising inventory and expand access to such inventory, disruption of current plans and operations by our planned transfer of the company's legal domicile from France to Luxembourg via a cross-border conversion (the "Conversion"), failure to satisfy any of the conditions to and complete the Conversion, investments in new business opportunities and the timing of these investments, whether the projected benefits of acquisitions or strategic transactions, including the Conversion, materialize as expected, uncertainty regarding international operations and expansion, including related to changes in a specific country's or region's political or economic conditions (such as changes in or new tariffs), the impact of competition or client in-housing, uncertainty regarding legislative, regulatory or self-regulatory developments regarding data privacy matters and the impact of efforts by other participants in our industry to comply therewith, the impact of consumer resistance to the collection and sharing of data, our ability to access data through third parties, failure to enhance our brand cost-effectively, recent growth rates not being indicative of future growth, client flexibility to increase or decrease spend, our ability to manage growth, potential fluctuations in operating results, our ability to grow our base of clients, and the financial impact of maximizing Contribution ex-TAC, as well as risks related to future opportunities and plans, including the uncertainty of expected future financial performance and results, changes in general political, economic and competitive conditions and specific market conditions; adverse changes to the marketing industry, changes in applicable laws or accounting practices, and those risks detailed from time-to-time under the caption "Risk Factors" and elsewhere in the Company's SEC filings and reports, including the Company's Annual Report on Form 10-K filed with the SEC on February 27, 2026, subsequent Quarterly Reports on Form 10-Q, and in the proxy statement/prospectus filed with the SEC under Rule 424(b)(3) on January 22, 2026 in connection with the Conversion, as well as future filings and reports by the Company. Importantly, at this time, macro-economic conditions including inflation and fluctuating interest rates in the U.S. have impacted and may continue to impact Criteo's business, financial condition, cash flow and results of operations. Accordingly, a forward-looking statement is neither a prediction nor a guarantee of future events or circumstances and those future events or circumstances may not occur. You should not place undue reliance on the forward-looking statements, which speak only as of the date of this release.Except as required by law, the Company undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events, changes in expectations or otherwise.










View original content to download multimedia:https://www.prnewswire.com/news-releases/criteo-expands-go-with-full-self-service-access-to-its-ai-powered-performance-platform-302729554.htmlSOURCE Criteo

Original: Criteo Expands GO with Full Self-Service Access to Its AI-Powered Performance Platform

Criteo Joins OpenAI Advertising Pilot in ChatGPTMarch 2, 2026 7:00 AM
PR Newswire (US)

The integration enables brands to leverage Criteo's digital advertising platform as part of OpenAI's ad pilotNEW YORK, March 2, 2026 /PRNewswire/ -- Criteo (NASDAQ: CRTO), the global platform connecting the commerce ecosystem, today announced it is the first advertising technology partner integrating with OpenAI's advertising pilot in ChatGPT Free and Go versions in the United States.







"This integration with OpenAI represents an exciting step forward in advancing advertising in an emerging AI experience," said Michael Komasinski, Chief Executive Officer of Criteo. "Through this pilot, we are helping shape how advertising can support discovery and consideration within Large Language Model (LLM) platforms, grounded in experiences that are additive, relevant, and built on user trust."Aggregated insights observed across Criteo's U.S. clients show that users referred from LLM platforms like ChatGPT convert at approximately one and half times1 the rate of other referral channels, reinforcing the high-intent nature of these AI experiences. As conversational discovery grows, this pilot represents an opportunity to thoughtfully evaluate how brands can participate in advertising within ChatGPT while also driving incremental demand back to retailer and brand destinations.Criteo activates more than $4 billion in annual media spend and works with 17,000 advertisers globally, connecting brands, retailers, and publishers through commerce intelligence and AI-driven decisioning technology to drive cross-channel outcomes. This unique combination enables Criteo to support commerce-focused advertising across a wide range of categories and environments, including emerging discovery surfaces like conversational AI.The integration will begin rolling out in the coming weeks as part of the ongoing advertising pilot in ChatGPT.To learn more about Criteo's vision for the future of agentic commerce, click here.1 Observed on a sample of 500 Criteo retailers in the U.S., February 2026.Contacts   Criteo Public Relations
Jessica Meyers, j.meyers@criteo.com   Criteo Investor Relations
Melanie Dambre, m.dambre@criteo.com  About Criteo Criteo (NASDAQ: CRTO) is the global platform connecting the commerce ecosystem for brands, agencies, retailers, and media owners. Its AI-powered advertising platform has unique access to more than $1 trillion in annual commerce sales—powering connections with shoppers, inspiring discovery, and enabling highly personalized experiences. With thousands of clients and partnerships spanning global retail to digital commerce, Criteo delivers the technology, tools, and insights businesses need to drive performance and growth. For more information, please visit criteo.com.Forward Looking Statements DisclosureThis press release contains forward-looking statements, including our expectations regarding our market opportunity and future growth prospects and other statements that are not historical facts and involve risks and uncertainties that could cause actual results to differ materially. Factors that might cause or contribute to such differences include, but are not limited to: failure related to our technology and our ability to innovate and respond to changes in technology, uncertainty regarding our ability to access a consistent supply of internet display advertising inventory and expand access to such inventory, disruption of current plans and operations by our planned transfer of the company's legal domicile from France to Luxembourg via a cross-border conversion (the "Conversion"), failure to satisfy any of the conditions to and complete the Conversion, investments in new business opportunities and the timing of these investments, whether the projected benefits of acquisitions or strategic transactions, including the Conversion, materialize as expected, uncertainty regarding international operations and expansion, including related to changes in a specific country's or region's political or economic conditions (such as changes in or new tariffs), the impact of competition or client in-housing, uncertainty regarding legislative, regulatory or self-regulatory developments regarding data privacy matters and the impact of efforts by other participants in our industry to comply therewith, the impact of consumer resistance to the collection and sharing of data, our ability to access data through third parties, failure to enhance our brand cost-effectively, recent growth rates not being indicative of future growth, client flexibility to increase or decrease spend, our ability to manage growth, potential fluctuations in operating results, our ability to grow our base of clients, and the financial impact of maximizing Contribution ex-TAC, as well as risks related to future opportunities and plans, including the uncertainty of expected future financial performance and results, changes in general political, economic and competitive conditions and specific market conditions; adverse changes to the marketing industry, changes in applicable laws or accounting practices, and those risks detailed from time-to-time under the caption "Risk Factors" and elsewhere in the Company's SEC filings and reports, including the Company's Annual Report on Form 10-K filed with the SEC on February 26, 2026, subsequent Quarterly Reports on Form 10-Q, and in the proxy statement/prospectus filed with the SEC under Rule 424(b)(3) on January 22, 2026 in connection with the Conversion, as well as future filings and reports by the Company. Importantly, at this time, macro-economic conditions including inflation and fluctuating interest rates in the U.S. have impacted and may continue to impact Criteo's business, financial condition, cash flow and results of operations. Accordingly, a forward-looking statement is neither a prediction nor a guarantee of future events or circumstances and those future events or circumstances may not occur. You should not place undue reliance on the forward-looking statements, which speak only as of the date of this release.Except as required by law, the Company undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events, changes in expectations or otherwise.



View original content to download multimedia:https://www.prnewswire.com/news-releases/criteo-joins-openai-advertising-pilot-in-chatgpt-302700457.htmlSOURCE Criteo

Original: Criteo Joins OpenAI Advertising Pilot in ChatGPT

Criteo Receives Shareholder Approval for Redomiciliation from France to LuxembourgFebruary 27, 2026 8:00 AM
PR Newswire (US)

NEW YORK, Feb. 27, 2026 /PRNewswire/ -- Criteo S.A. (NASDAQ: CRTO) ("Criteo" or the "Company"), the global platform connecting the commerce ecosystem, announced today that its shareholders have approved all the proposals with overwhelming support at its general meeting of shareholders on February 27, 2026. As previously announced, Criteo expects to complete the pending transfer of the Company's legal domicile from France to Luxembourg via a cross-border conversion (the "Conversion") in the third quarter of 2026, subject to customary conditions."On behalf of the Board of Directors and management, we thank our shareholders for their strong support of Criteo's redomiciliation from France to Luxembourg. This vote represents an important milestone and sets Criteo on course to become a Luxembourg company in the third quarter of 2026, increasing our strategic flexibility and strengthening our ability to deliver sustainable long-term value for our shareholders," said Frederik Van der Kooi, Chairman of the Board of Directors.Additional details regarding the voting results can be found in a Current Report on Form 8-K filed today with the U.S. Securities and Exchange Commission, which is available on the Company's investor website and at www.sec.gov.Criteo's Board of Directors believes the Conversion and the replacement of its American Depositary Shares ("ADSs") structure with ordinary shares to be directly listed on Nasdaq will enhance shareholder value over the long-term by providing potential strategic opportunities and benefits, including:Positioning Criteo for potential inclusion in certain U.S. indices, subject to meeting other eligibility criteria, thereby expanding the Company's access to passive investment capital, triggering associated benchmarking from actively managed funds and broadening its shareholder base;Providing greater capital management flexibility by reducing or eliminating current restrictions related to share repurchases and holdings of treasury shares; andEliminating fees and complexities associated with ADSs potentially increasing stock liquidity.ContactsInvestor Relations
Melanie Dambre, m.dambre@criteo.comPublic Relations
Jessica Meyers, j.meyers@criteo.comAbout CriteoCriteo (NASDAQ: CRTO) is the global platform connecting the commerce ecosystem for brands, agencies, retailers, and media owners. Its AI-powered advertising platform has unique access to more than $1 trillion in annual commerce sales—powering connections with shoppers, inspiring discovery, and enabling highly personalized experiences. With thousands of clients and partnerships spanning global retail to digital commerce, Criteo delivers the technology, tools, and insights businesses need to drive performance and growth. For more information, please visit www.criteo.com.Forward-Looking Statements DisclosureThis communication contains certain forward-looking statements within the meaning of the U.S. federal securities laws. Forward-looking statements include statements with respect to the redomiciliation from France to Luxembourg, the objectives, benefits, and completion of the transaction, and the assumptions underlying such statements. By way of illustration, words such as "anticipate", "believe", "expect", "intend", "estimate", "project", "will", "should", "could", "may", "predict" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. We base forward-looking statements on our current assumptions, expectations, estimates and projections about us and the markets that we serve in light of our industry experience, as well as our perception of historical trends, current conditions, expected future developments and other factors that we believe are appropriate under the circumstances. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties, estimates and assumptions that are difficult to predict and often outside of our control. Therefore, actual outcomes and results may differ materially from those expressed in forward-looking statements. These forward-looking statements are subject to risks, uncertainties and other factors, including, among others: failure to satisfy any of the other conditions to the transaction, including the condition that the option to withdraw shares for cash in connection with the transaction is not exercised above a certain threshold; the transaction not being completed; the impact or outcome of any legal proceedings or regulatory actions that may be instituted against us in connection with the transaction; failure to list our shares on Nasdaq following the transaction or maintain our listing thereafter; inability to take advantage of the potential strategic opportunities provided by, and realize the potential benefits of, the transaction; the disruption of current plans and operations by the transaction; the disruption to our relationships, including with employees, landowners, suppliers, lenders, partners, governments and shareholders; the future financial performance of Criteo following the transaction, including our anticipated growth rate and market opportunity; changes in shareholders' rights as a result of the transaction; inability to terminate the deposit agreement and withdraw our ordinary shares from the depositary so as to terminate our ADS program; difficulty in adapting to operating under the laws of Luxembourg; following the completion of the transaction, a delay or failure in our ability to redomicile to the United States via the merger into a newly incorporated and wholly-owned U.S. subsidiary for any reason; costs or taxes related to the transaction; changes in general political, economic and competitive conditions and specific market conditions; and those risks detailed from time-to-time under the caption "Risk Factors" and elsewhere in Criteo's filings with the U.S. Securities and Exchange Commissions (the "SEC") and reports, including Criteo's Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the SEC on February 26, 2026, subsequent Quarterly Reports on Form 10-Q and the proxy statement/prospectus filed with the SEC under Rule 424(b)(3) on January 22, 2026 in connection with the transaction, as well as future filings and reports by Criteo. As a result of these and other factors, no assurance can be given as to our future results and achievements. Accordingly, a forward-looking statement is neither a prediction nor a guarantee of future events or circumstances and those future events or circumstances may not occur. You should not place undue reliance on the forward-looking statements, which speak only as of the date of this communication. We are under no obligation, and we expressly disclaim any obligation, to update or alter any forward-looking statements, whether as a result of new information, future events, or otherwise.Additional Information and Where to Find ItIn connection with the transaction, Criteo filed with the SEC a Registration Statement on Form S-4 and a proxy statement/prospectus under Rule 424(b)(3) on January 22, 2026 that includes a proxy statement for a special meeting of Criteo's shareholders to approve the transaction and also constitutes a prospectus. The definitive proxy statement / prospectus was mailed to Criteo's shareholders as of the record date established for voting on the transaction and the other proposals relating to the transaction set forth in the proxy statement / prospectus. Criteo may also file other relevant documents with the SEC regarding the transaction. This communication is not a substitute for the registration statements, the proxy statement / prospectus or any other document that Criteo may file with the SEC with respect to the transaction (if and when available). INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT, THE PROXY STATEMENT / PROSPECTUS, ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS AND ANY OTHER RELEVANT DOCUMENTS THAT MAY BE FILED WITH THE SEC IF AND WHEN THEY BECOME AVAILABLE CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT CRITEO AND THE TRANSACTION.Shareholders are able to obtain copies of these materials and other documents containing important information about Criteo and the transaction free of charge through the website maintained by the SEC at www.sec.gov. Copies of documents filed with the SEC by Criteo are made available free of charge on Criteo's investor relations website at https://criteo.investorroom.com.No Offer or SolicitationThis communication is for informational purposes only and is not intended to and does not constitute, or form part of, an offer, invitation or the solicitation of an offer or invitation to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of any securities, or the solicitation of any vote or approval in any jurisdiction, pursuant to the transaction or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law.



View original content:https://www.prnewswire.com/news-releases/criteo-receives-shareholder-approval-for-redomiciliation-from-france-to-luxembourg-302699523.htmlSOURCE Criteo Corp

Original: Criteo Receives Shareholder Approval for Redomiciliation from France to Luxembourg

CRITEO TO PRESENT AT THE MORGAN STANLEY TMT CONFERENCE ON MARCH 4, 2026February 18, 2026 7:00 AM
PR Newswire (US)

NEW YORK, Feb. 18, 2026 /PRNewswire/ -- Criteo S.A. (NASDAQ: CRTO), the global platform connecting the commerce ecosystem, announced today that, Michael Komasinski, Chief Executive Officer, and Sarah Glickman, Chief Financial Officer, will present at the Morgan Stanley Technology, Media & Telecom Conference on Wednesday, March 4, 2026, at 5:35 PM Eastern Time.A live audio webcast of the presentation will be available on the Company's investor relations website at https://criteo.investorroom.com/. A replay of the presentation will subsequently be available.About CriteoCriteo (NASDAQ: CRTO) is the global platform connecting the commerce ecosystem for brands, agencies, retailers, and media owners. Its AI-powered advertising platform has unique access to more than $1 trillion in annual commerce sales—powering connections with shoppers, inspiring discovery, and enabling highly personalized experiences. With thousands of clients and partnerships spanning global retail to digital commerce, Criteo delivers the technology, tools, and insights businesses need to drive performance and growth. For more information, please visit www.criteo.com.Contact :Investor Relations
Melanie Dambre, m.dambre@criteo.comPublic Relations
Jessica Meyers, j.meyers@criteo.com 



View original content:https://www.prnewswire.com/news-releases/criteo-to-present-at-the-morgan-stanley-tmt-conference-on-march-4-2026-302689377.htmlSOURCE Criteo Corp

Original: CRITEO TO PRESENT AT THE MORGAN STANLEY TMT CONFERENCE ON MARCH 4, 2026

Leading Independent Proxy Advisory Firms Recommend Shareholders Vote "FOR" the Redomiciliation of Criteo S.A. from France to LuxembourgFebruary 13, 2026 5:00 PM
PR Newswire (US)

NEW YORK, Feb. 13, 2026 /PRNewswire/ -- Criteo S.A. (NASDAQ: CRTO) ("Criteo" or the "Company"), the global platform connecting the commerce ecosystem, today announced that two leading independent proxy advisory firms, Glass Lewis & Co., LLC and Institutional Shareholder Services, Inc. ("ISS"), recommend that shareholders vote "FOR" all the proposals related to the previously announced proposed transfer of the Company's legal domicile from France to Luxembourg via a cross-border conversion (the "Conversion") and the replacement of its American Depositary Shares structure with ordinary shares to be directly listed on Nasdaq.A general meeting of the Company's shareholders will be held on February 27, 2026 at 10:00 a.m., Paris time, at the Company's registered office at 32 Rue Blanche, 75009 Paris, France to obtain approval by the Company's shareholders for the Conversion and certain related proposals.More information about the Conversion, the general meeting, and associated filings from Criteo S.A. is available on Criteo's investor website at http://criteo.investorroom.com. Additionally, shareholders are welcome to contact Criteo's Investor Relations department by phone at +1 (929) 287-7835 or by email at InvestorRelations@criteo.com, or Criteo's proxy solicitation firm, Innisfree, using the following contact information:Innisfree M&A Incorporated
501 Madison Avenue, 20th Floor
New York, NY 10022
(877) 717-3923 or +1 (412) 232-3651 outside the United StatesAs previously announced, and after considering various factors, Criteo's Board of Directors believes the Conversion and the replacement of its American Depositary Shares ("ADSs") structure with ordinary shares will enhance shareholder value over the long-term by providing potential strategic opportunities and benefits, including:Positioning Criteo for potential inclusion in certain U.S. indices, subject to meeting other eligibility criteria, thereby expanding the Company's access to passive investment capital, triggering associated benchmarking from actively managed funds and broadening its shareholder base;Providing greater capital management flexibility by reducing or eliminating current restrictions related to share repurchases and holdings of treasury shares; andEliminating fees and complexities associated with ADSs potentially increasing stock liquidity.The expected timing for completion of the Conversion remains the third quarter of 2026, subject to shareholder approval and other customary conditions.About CriteoCriteo (NASDAQ: CRTO) is the global platform connecting the commerce ecosystem for brands, agencies, retailers, and media owners. Its AI-powered advertising platform has unique access to more than $1 trillion in annual commerce sales—powering connections with shoppers, inspiring discovery, and enabling highly personalized experiences. With thousands of clients and partnerships spanning global retail to digital commerce, Criteo delivers the technology, tools, and insights businesses need to drive performance and growth. For more information, please visit www.criteo.com.DisclaimersCautionary Statement Regarding Forward-Looking StatementsThis communication contains certain forward-looking statements within the meaning of the U.S. federal securities laws. Forward-looking statements include statements with respect to the redomiciliation from France to Luxembourg, the objectives, benefits, and completion of the transaction, and the assumptions underlying such statements. By way of illustration, words such as "anticipate", "believe", "expect", "intend", "estimate", "project", "will", "should", "could", "may", "predict" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. We base forward-looking statements on our current assumptions, expectations, estimates and projections about us and the markets that we serve in light of our industry experience, as well as our perception of historical trends, current conditions, expected future developments and other factors that we believe are appropriate under the circumstances. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties, estimates and assumptions that are difficult to predict and often outside of our control. Therefore, actual outcomes and results may differ materially from those expressed in forward-looking statements. These forward-looking statements are subject to risks, uncertainties and other factors, including, among others: failure to obtain the required shareholder vote to adopt the proposals needed to complete the transaction; failure to satisfy any of the other conditions to the transaction, including the condition that the option to withdraw shares for cash in connection with the transaction is not exercised above a certain threshold; the transaction not being completed; the impact or outcome of any legal proceedings or regulatory actions that may be instituted against us in connection with the transaction; failure to list our shares on Nasdaq following the transaction or maintain our listing thereafter; inability to take advantage of the potential strategic opportunities provided by, and realize the potential benefits of, the transaction; the disruption of current plans and operations by the transaction; the disruption to our relationships, including with employees, landowners, suppliers, lenders, partners, governments and shareholders; the future financial performance of Criteo following the transaction, including our anticipated growth rate and market opportunity; changes in shareholders' rights as a result of the transaction; inability to terminate the deposit agreement and withdraw our ordinary shares from the depositary so as to terminate our ADS program; difficulty in adapting to operating under the laws of Luxembourg; the deferment or abandonment of the transaction by our board of directors up to three days prior to the general shareholders' meeting to vote thereon; following the completion of the transaction, a delay or failure in our ability to redomicile to the United States via the merger into a newly incorporated and wholly-owned U.S. subsidiary for any reason; costs or taxes related to the transaction; changes in general political, economic and competitive conditions and specific market conditions; and those risks detailed from time-to-time under the caption "Risk Factors" and elsewhere in Criteo's filings with the U.S. Securities and Exchange Commissions (the "SEC") and reports, including Criteo's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, filed with the SEC on February 28, 2025, subsequent Quarterly Reports on Form 10-Q and the proxy statement/prospectus filed with the SEC under Rule 424(b)(3) on January 22,?2026 in connection with the transaction, as well as future filings and reports by Criteo. As a result of these and other factors, no assurance can be given as to our future results and achievements. Accordingly, a forward-looking statement is neither a prediction nor a guarantee of future events or circumstances and those future events or circumstances may not occur. You should not place undue reliance on the forward-looking statements, which speak only as of the date of this communication. We are under no obligation, and we expressly disclaim any obligation, to update or alter any forward-looking statements, whether as a result of new information, future events, or otherwise.Additional Information and Where to Find ItIn connection with the transaction, Criteo filed with the SEC a Registration Statement on Form S-4 and a proxy statement/prospectus under Rule 424(b)(3) on January 22, 2026 that includes a proxy statement for a special meeting of Criteo's shareholders to approve the transaction and also constitutes a prospectus. The definitive proxy statement / prospectus was mailed to Criteo's shareholders as of the record date established for voting on the transaction and the other proposals relating to the transaction set forth in the proxy statement / prospectus. Criteo may also file other relevant documents with the SEC regarding the transaction. This communication is not a substitute for the registration statements, the proxy statement / prospectus or any other document that Criteo may file with the SEC with respect to the transaction (if and when available). INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT, THE PROXY STATEMENT / PROSPECTUS, ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS AND ANY OTHER RELEVANT DOCUMENTS THAT MAY BE FILED WITH THE SEC IF AND WHEN THEY BECOME AVAILABLE CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT CRITEO AND THE TRANSACTION.Shareholders are able to obtain copies of these materials and other documents containing important information about Criteo and the transaction free of charge through the website maintained by the SEC at www.sec.gov. Copies of documents filed with the SEC by Criteo are made available free of charge on Criteo's investor relations website at https://criteo.investorroom.com.No Offer or SolicitationThis communication is for informational purposes only and is not intended to and does not constitute, or form part of, an offer, invitation or the solicitation of an offer or invitation to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of any securities, or the solicitation of any vote or approval in any jurisdiction, pursuant to the transaction or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law.Participants in the SolicitationCriteo and its directors and certain of its executive officers and other employees may be deemed to be participants in the solicitation of proxies from Criteo's shareholders in connection with the transaction. Information about Criteo's directors and executive officers is set forth in the proxy statement for Criteo's 2025 Annual Meeting of Shareholders, which was filed with the SEC on April 29, 2025. Investors may obtain additional information regarding the interest of such participants by reading the proxy statement / prospectus and other relevant materials regarding the transaction to be filed with the SEC when they become available. These documents can be obtained free of charge from the sources indicated above in "Additional Information and Where to Find It."ContactsInvestor Relations
Melanie Dambre, m.dambre@criteo.comPublic Relations
Jessica Meyers, j.meyers@criteo.com



View original content:https://www.prnewswire.com/news-releases/leading-independent-proxy-advisory-firms-recommend-shareholders-vote-for-the-redomiciliation-of-criteo-sa-from-france-to-luxembourg-302688086.htmlSOURCE Criteo Corp

Original: Leading Independent Proxy Advisory Firms Recommend Shareholders Vote "FOR" the Redomiciliation of Criteo S.A. from France to Luxembourg

Criteo shares slide 5% after Q4 profit miss outweighs revenue beatFebruary 11, 2026 10:45 AM
IH Market News
Criteo S.A. (NASDAQ:CRTO) shares dropped 5.08% in pre-market trading Wednesday after the ad-tech group posted fourth-quarter earnings that came in below expectations, despite delivering stronger-than-forecast revenue.The commerce media company reported adjusted earnings per share of $1.30 for the quarter, missing the $1.38 consensus estimate. Revenue, however, reached $541 million, comfortably ahead of the $328.96 million analysts had projected. Contribution ex-TAC — a key metric akin to gross profit — slipped 1% year over year to $330 million, or down 4% on a constant-currency basis.Performance in the Retail Media division was notably soft, with revenue falling 17% from a year earlier to $76.3 million. The company attributed the decline to “the temporary impact of previously communicated scope changes with two specific Retail Media clients.”“Criteo delivered strong performance for the year,” said Michael Komasinski, Chief Executive Officer. “We are advancing our position at the forefront of agentic commerce, with differentiated commerce data, AI driven decisioning, and global reach that provide durable advantages and support sustainable growth and long term shareholder value.”For full-year 2025, Criteo generated revenue of $1.94 billion, up 1% compared with the prior year, while adjusted EBITDA rose 4% to $407 million.Looking to 2026, management struck a cautious tone, guiding for flat to 2% growth in Contribution ex-TAC at constant currency for the year. In the first quarter of 2026, the company expects Contribution ex-TAC in the range of $245 million to $250 million, implying a 9% to 11% year-over-year decline at constant currency.“We generated strong margins and cash flow in 2025, demonstrating the strength of our operating model,” said Sarah Glickman, Chief Financial Officer. “We returned $152 million to shareholders through share repurchases while maintaining a strong balance sheet.”In February 2026, Criteo’s board boosted the remaining share repurchase authorization to as much as $200 million, underscoring management’s longer-term confidence even as near-term headwinds persist.Criteo stock price

Original: Criteo shares slide 5% after Q4 profit miss outweighs revenue beat

CRITEO REPORTS FOURTH QUARTER 2025 RESULTSFebruary 11, 2026 7:00 AM
PR Newswire (US)

Deployed $152 Million to Repurchase Shares in 2025Remaining Share Buyback Authorization Increased up to $200 MillionNEW YORK, Feb. 11, 2026 /PRNewswire/ -- Criteo S.A. (NASDAQ: CRTO) ("Criteo" or the "Company"), the global platform connecting the commerce ecosystem, today announced financial results for the fourth quarter and fiscal year ended December 31, 2025.Fourth Quarter and Fiscal Year 2025 Financial Highlights:The following table summarizes our consolidated financial results for the three months and twelve months ended December 31, 2025:
Three Months EndedTwelve Months Ended
December 31December 31
2025
2024
YoY Change2025
2024
YoY Change
(in millions, except EPS data)GAAP Results









Revenue$541
$553
(2) %$1,945
$1,933
1 %Gross Profit$297
$301
(1) %$1,049
$983
7 %Net Income$46
$72
(36) %$149
$115
30 %Gross Profit margin55 %
54 %
1ppt54 %
51 %
3pptDiluted EPS$0.90
$1.23
(27) %$2.64
$1.90
39 %Cash from operating activities$161
$169
(5) %$311
$258
21 %Cash and cash equivalents$342
$291
18 %$342
$291
18 %










Non-GAAP Results1









Contribution ex-TAC$330
$334
(1) %$1,175
$1,121
5 %Adjusted EBITDA$120
$144
(17) %$407
$390
4 %Adjusted diluted EPS$1.30
$1.75
(26) %$4.62
$4.57
1 %Free Cash Flow (FCF)$134
$146
(8) %$211
$182
16 %FCF / Adjusted EBITDA112 %
101 %
11ppt52 %
47 %
5ppt"Criteo delivered strong performance for the year," said Michael Komasinski, Chief Executive Officer of Criteo. "We are advancing our position at the forefront of agentic commerce, with differentiated commerce data, AI driven decisioning, and global reach that provide durable advantages and support sustainable growth and long term shareholder value."Operating HighlightsWe introduced Agentic Commerce Recommendation Service, designed to power AI shopping assistants with accurate, relevant product recommendations built on Criteo's commerce intelligence.We launched our Audience Agent to make audience planning smarter and faster, and our Insights Agent to empower platform users to make more strategic, data-driven decisions.Retail Media Contribution ex-TAC grew 2% year-over-year at constant currency2 in 2025 and decreased (18)% in Q4 2025, as expected, reflecting the impact of previously communicated scope changes with two specific Retail Media clients.We added Lidl and JB Hi-Fi to our leading Retail Media footprint.Performance Media Contribution ex-TAC was up 4% year-over-year at constant currency2 in 2025 and up 2% in Q4 2025.Criteo's media spend3 was $4.3 billion in 2025, growing 3% year-over-year at constant currency2 and $1.4 billion in Q4 2025, up 6%.Cash from operating activities increased 21% to $311 million, and Free Cash Flow increased 16% to $211 million, reflecting disciplined execution and our lowest Days Sales Outstanding ("DSO") on record.We deployed $152 million of capital for share repurchases in 2025, and our Board of Directors increased the Company's remaining share repurchase authorization to up to $200 million in February 2026.












1Contribution ex-TAC, Contribution ex-TAC margin, Adjusted EBITDA, Adjusted EBITDA margin, Adjusted diluted EPS and Free Cash Flow are not measures calculated in accordance with U.S. GAAP.2Constant currency measures exclude the impact of foreign currency fluctuations and is computed by applying the prior year monthly exchange rates to transactions denominated in settlement or billing currencies other than the US dollar.3Media spend is defined as working media spend allocated to Retail Media campaigns and media spend activated on behalf of Performance Media clients.Financial SummaryRevenue for Q4 2025 was $541 million, gross profit was $297 million and Contribution ex-TAC was $330 million. Net income for Q4 2025 was $46 million, or $0.90 per share on a diluted basis. Adjusted EBITDA for Q4 was $120 million, resulting in an adjusted diluted EPS of $1.30. As reported, revenue for Q4 decreased (2)%, gross profit decreased (1)% and Contribution ex-TAC decreased (1)%. At constant currency, revenue for Q4 decreased (4)% and Contribution ex-TAC decreased (4)%.Revenue for 2025 was $1.9 billion, gross profit was $1.0 billion and Contribution ex-TAC was $1.2 billion. As reported, revenue for 2025 increased 1%, gross profit increased 7% and Contribution ex-TAC increased 5%. At constant currency, revenue for 2025 decreased (0.5)% and Contribution ex-TAC increased 3%. Net income for 2025 was $149 million, or $2.64 per share on a diluted basis. Adjusted EBITDA for 2025 was $407 million, resulting in an adjusted diluted EPS of $4.62.Cash flow from operating activities was $311 million in 2025 and Free Cash Flow was $211 million in 2025. As of December 31, 2025, we had $389 million in cash and marketable securities on our balance sheet.Sarah Glickman, Chief Financial Officer, said, "We generated strong margins and cash flow in 2025, demonstrating the strength of our operating model. We returned $152 million to shareholders through share repurchases while maintaining a strong balance sheet, highlighting our confidence in the business and commitment to long term shareholder value."Fourth Quarter 2025 ResultsRevenue, Gross Profit and Contribution ex-TACRevenue decreased (2)% year-over-year in Q4 2025, and decreased (4)% at constant currency, to $541 million (Q4 2024: $553 million). Gross profit decreased (1)% year-over-year in Q4 2025 to $297 million (Q4 2024: $301 million). Gross profit as a percentage of revenue, or gross profit margin, was 55% (Q4 2024: 54%). Contribution ex-TAC in the fourth quarter decreased (1)% year-over-year, or decreased (4)% at constant currency, to $330 million (Q4 2024: $334 million).Retail Media revenue decreased (17)%, or (18)% at constant currency, and Retail Media Contribution ex-TAC decreased (17)%, or (18)% at constant currency, reflecting the temporary impact of previously communicated scope changes with two specific Retail Media clients, partially offset by continued strength in Retail Media onsite across the broader client base, new client integrations, and growing offsite activity.Performance Media revenue increased 1%, or decreased (2)% at constant currency, and Performance Media Contribution ex-TAC increased 5%, or 2% at constant currency, driven by the continued traction of full funnel, cross-channel activation, partially offset by lower AdTech services and supply.Net Income and Adjusted Net IncomeNet income was $46 million in Q4 2025 (Q4 2024: net income of $72 million). Net income attributable to shareholders of Criteo was $48 million, or $0.90 per share on a diluted basis (Q4 2024: net income attributable to shareholders of $71 million, or $1.23 per share on a diluted basis).Adjusted net income, a non-GAAP financial measure, was $69 million, or $1.30 per share on a diluted basis (Q4 2024: $101 million, or $1.75 per share on a diluted basis).Adjusted EBITDA and Operating ExpensesAdjusted EBITDA was $120 million, representing a decrease of (17)% year-over-year (Q4 2024: $144 million). This reflects higher non-GAAP operating expenses related to planned growth investments and lower Contribution ex-TAC over the period. Adjusted EBITDA as a percentage of Contribution ex-TAC, or Adjusted EBITDA margin, was 36% (Q4 2024: 43%).Operating expenses increased 9% year-over-year to $225 million (Q4 2024: $206 million), mostly driven by planned growth investments. Non-GAAP operating expenses increased 12% year-over-year to $184 million (Q4 2024: $165 million).Fiscal Year 2025 ResultsRevenue, Gross Profit and Contribution ex-TACRevenue increased 1% year-over-year, or decreased (0.5)% at constant currency, to $1.9 billion (FY 2024: $1.9 billion). Gross profit increased 7% year-over-year to $1,049 million (FY 2024: $983 million). Gross profit as a percentage of revenue, or gross profit margin, was 54% (FY 2024: 51%). Contribution ex-TAC increased 5% year-over-year, or increased 3% at constant currency, to $1.2 billion (FY 2024: $1.1 billion).Retail Media revenue increased 2%, or 2% at constant currency, and Retail Media Contribution ex-TAC increased 2%, or 2% at constant currency, driven by continued strength in Retail Media onsite, new client integrations and growing network effects of the platform, partially offset by the temporary impact of previously communicated scope changes with two specific Retail Media clients.Performance Media revenue was flat, or decreased (1)% at constant currency, and Performance Media Contribution ex-TAC increased 5%, or 4% at constant currency, driven by the traction of full funnel, cross-channel activation, partially offset by lower AdTech services and supply revenue.Net Income and Adjusted Net IncomeNet income was $149 million (FY 2024: $115 million). Net income attributable to shareholders of Criteo was $145 million, or $2.64 per share on a diluted basis (FY 2024: $112 million, or $1.90 per share on a diluted basis).Adjusted net income was $253 million, or $4.62 per share on a diluted basis (FY 2024: $268 million, or $4.57 per share on a diluted basis).Adjusted EBITDA and Operating ExpensesAdjusted EBITDA was $407 million, representing an increase of 4% year-over-year (FY 2024: $390 million). This reflects higher Contribution ex-TAC, partially offset by planned growth investments. Adjusted EBITDA as a percentage of Contribution ex-TAC, or Adjusted EBITDA margin, was 35% (FY 2024: 35%).Operating expenses increased 2% year-over-year to $847 million (FY 2024: $832 million), mostly driven by planned growth investments. Non-GAAP operating expenses increased 7% or $41 million to $668 million (FY 2024: $627 million).Cash Flow, Cash and Financial Liquidity PositionCash flow from operating activities was $161 million in Q4 2025 (Q4 2024: $169 million).Free Cash Flow was $134 million in Q4 2025 (Q4 2024: $146 million).Cash and cash equivalents, and marketable securities, increased $56 million compared to December 31, 2024 to $389 million, after spending $152 million on share repurchases in 2025 (2024: $225 million).As of December 31, 2025, the Company had total financial liquidity of approximately $891 million, including its cash position, marketable securities, revolving credit facility and treasury shares reserved for M&A.Redomiciliation to Luxembourg and Direct ListingFollowing the favorable opinion of the works council, Criteo's Board of Directors has approved the previously announced proposed transfer of the Company's legal domicile from France to Luxembourg via a cross-border conversion (the "Conversion") and the replacement of its American Depositary Shares ("ADSs") structure with ordinary shares to be directly listed on Nasdaq. A general meeting of the Company's shareholders will be held on February 27, 2026, at 10:00 a.m., Paris time, at the Company's registered office at 32 Rue Blanche, 75009 Paris, France to obtain approval by the Company's shareholders for the Conversion and certain related proposals.The expected timing for completion of the Conversion remains the third quarter of 2026, subject to shareholder approval and other customary conditions. As previously announced, following the Conversion, Criteo intends to pursue a subsequent corporate redomiciliation from Luxembourg to the United States if the Board of Directors determines such action is in the best interests of the Company and its shareholders, subject to the prior Company's works council consultation process.2026 Business OutlookThe following forward-looking statements reflect Criteo's expectations as of February 11, 2026.Fiscal year 2026 guidance:Contribution ex-TAC growth of flat to +2% at constant currencyAdjusted EBITDA margin of approximately 32% to 34% of Contribution ex-TACFirst quarter 2026 guidance:Contribution ex-TAC between $245 million and $250 million, or -11% to -9% year-over-year at constant-currencyAdjusted EBITDA between $50 million and $55 millionThe Company's first quarter and full year 2026 guidance reflects the near-term impact of previously communicated scope changes with two specific Retail Media clients. The first quarter of 2026 is expected to represent the low point of the year.The Company's adjusted EBITDA outlook for the first quarter and full year 2026 reflects growth investments in agentic AI, foreign exchange headwinds on euro-based costs, and costs related to certain corporate matters.The above guidance for the first quarter and fiscal year ending December 31, 2026 assumes the following exchange rates for the main currencies impacting our business: a U.S. dollar-euro rate of 0.847, a U.S. dollar-Japanese Yen rate of 154, a U.S. dollar-British pound rate of 0.737, a U.S. dollar-Korean Won rate of 1,450 and a U.S. dollar-Brazilian real rate of 5.40.The above guidance assumes that no acquisitions and dispositions are completed during the first quarter of 2026 or the fiscal year ended December 31, 2026.Reconciliations of Contribution ex-TAC, Adjusted EBITDA and Adjusted EBITDA margin guidance to the closest corresponding U.S. GAAP measures are not available without unreasonable efforts on a forward-looking basis due to the high variability, complexity and low visibility with respect to the charges excluded from these non-GAAP measures; in particular, the measures and effects of equity awards compensation expense specific to equity compensation awards that are directly impacted by unpredictable fluctuations in our share price. The variability of the above charges could potentially have a significant impact on our future U.S. GAAP financial results.Extension of Share Repurchase AuthorizationCriteo's Board of Directors approved an increase of the previously authorized share repurchase program of the Company's outstanding American Depositary Shares. As of February 6, 2026, the remaining share buyback authorization was extended to up to $200 million. The Company intends to use repurchased shares under this extended program to satisfy employee equity obligations in lieu of issuing new shares, which would limit future dilution for its shareholders, as well as to fund potential acquisitions in the future.Under the terms of the authorization, the stock purchases may be made from time to time in compliance with applicable state and federal securities laws and applicable provisions of French corporate law. The timing and amounts of any purchases will be based on market conditions and other factors including price, regulatory requirements and capital availability, as determined by Criteo's management team. The program does not require the purchase of any minimum number of shares and may be suspended, modified or discontinued at any time without prior notice.Non-GAAP Financial MeasuresThis press release and its attachments include the following financial measures defined as non-GAAP financial measures by the U.S. Securities and Exchange Commission ("SEC"): Contribution ex-TAC, Adjusted EBITDA, Adjusted EBITDA margin, Adjusted Net Income, Adjusted diluted EPS, Free Cash Flow and Non-GAAP Operating Expenses. These measures are not calculated in accordance with U.S. GAAP.Contribution ex-TAC is a profitability measure akin to gross profit. It is calculated by deducting traffic acquisition costs from revenue and reconciled to gross profit through the exclusion of other costs of revenue. Contribution ex-TAC is not a measure calculated in accordance with U.S. GAAP. We have included Contribution ex-TAC because it is a key measure used by our management and board of directors to evaluate operating performance, generate future operating plans and make strategic decisions. In particular, we believe that this measure can provide useful measures for period-to-period comparisons of our business. Accordingly, we believe that Contribution ex-TAC provides useful information to investors and others in understanding and evaluating our results of operations in the same manner as our management and board of directors. Adjusted EBITDA is our consolidated earnings before financial income (expense), income taxes, depreciation and amortization, adjusted to eliminate the impact of equity related compensation, which includes employee equity awards compensation and director fees for share purchases, pension service costs, certain acquisition costs, certain restructuring and related costs, integration and transformation costs, and other nonrecurring or noncash items impacting net income that we do not consider indicative of our ongoing business performance. Adjusted EBITDA and Adjusted EBITDA margin are key measures used by our management and board of directors to understand and evaluate our core operating performance and trends, to prepare and approve our annual budget and to develop short- and long-term operational plans. In particular, we believe that Adjusted EBITDA and Adjusted EBITDA margin can provide useful measures for period-to-period comparisons of our business. Accordingly, we believe that Adjusted EBITDA and Adjusted EBITDA margin provide useful information to investors and the market generally in understanding and evaluating our results of operations in the same manner as our management and board of directors.Adjusted Net Income is our net income adjusted to eliminate the impact of equity related compensation, which includes employee equity awards compensation and director fees for share purchases, amortization of acquisition-related assets, certain restructuring and related costs, integration and transformation costs, certain acquisition costs, other nonrecurring or noncash items impacting net income that we do not consider indicative of our ongoing business performance, and the tax impact of these adjustments. Adjusted Net Income and Adjusted diluted EPS are key measures used by our management and board of directors to evaluate operating performance, generate future operating plans and make strategic decisions regarding the allocation of capital. In particular, we believe that Adjusted Net Income and Adjusted diluted EPS can provide useful measures for period-to-period comparisons of our business. Accordingly, we believe that Adjusted Net Income and Adjusted diluted EPS provide useful information to investors and the market generally in understanding and evaluating our results of operations in the same manner as our management and board of directors.Free Cash Flow is defined as cash flow from operating activities less net acquisition of intangible assets, property, and equipment. Free Cash Flow Conversion is defined as free cash flow divided by Adjusted EBITDA. Free Cash Flow and Free Cash Flow Conversion are key measures used by our management and board of directors to evaluate the Company's ability to generate cash. Accordingly, we believe that Free Cash Flow and Free Cash Flow Conversion permit a more complete and comprehensive analysis of our available cash flows.Non-GAAP Operating Expenses are our consolidated operating expenses adjusted to eliminate depreciation and amortization, equity related compensation, which includes employee equity awards compensation and director fees for share purchases, pension service costs, certain restructuring and related costs, integration and transformation costs, certain acquisition costs, and other nonrecurring or noncash items. The Company uses Non-GAAP Operating Expenses to understand and compare operating results across accounting periods, for internal budgeting and forecasting purposes, for short-term and long-term operational plans, and to assess and measure our financial performance and the ability of our operations to generate cash. We believe Non-GAAP Operating Expenses reflects our ongoing operating expenses in a manner that allows for meaningful period-to-period comparisons and analysis of trends in our business. As a result, we believe that Non-GAAP Operating Expenses provides useful information to investors in understanding and evaluating our core operating performance and trends in the same manner as our management and in comparing financial results across periods. In addition, Non-GAAP Operating Expenses is a key component in calculating Adjusted EBITDA, which is one of the key measures the Company uses to provide its quarterly and annual business outlook to the investment community.Please refer to the supplemental financial tables provided in the appendix of this press release for a reconciliation of Contribution ex-TAC to gross profit, Adjusted EBITDA to net income, Adjusted Net Income to net income, Free Cash Flow to cash flow from operating activities, and Non-GAAP Operating Expenses to operating expenses, in each case, the most comparable U.S. GAAP measure. Our use of non-GAAP financial measures has limitations as an analytical tool, and you should not consider such non-GAAP measures in isolation or as a substitute for analysis of our financial results as reported under U.S. GAAP. Some of these limitations are: 1) other companies, including companies in our industry which have similar business arrangements, may address the impact of TAC differently; and 2) other companies may report Contribution ex-TAC, Contribution ex-TAC margin, Adjusted EBITDA, Adjusted Net Income, Free Cash Flow, Non-GAAP Operating Expenses or similarly titled measures but calculate them differently or over different regions, which reduces their usefulness as comparative measures. Because of these and other limitations, you should consider these measures alongside our U.S. GAAP financial results, including revenue and net income.Forward-Looking Statements DisclosureThis press release contains forward-looking statements, including projected financial results for the quarter ending March 31, 2026 and the year ending December 31, 2026, our expectations regarding our market opportunity and future growth prospects and other statements that are not historical facts and involve risks and uncertainties that could cause actual results to differ materially. Factors that might cause or contribute to such differences include, but are not limited to: failure related to our technology and our ability to innovate and respond to changes in technology; uncertainty regarding our ability to access a consistent supply of internet display advertising inventory and expand access to such inventory; investments in new business opportunities and the timing of these investments, whether the projected benefits of acquisitions or strategic transactions, including the Conversion, materialize as expected; uncertainty regarding international operations and expansion (including related to changes in a specific country's or region's political or economic conditions (such as changes in or new tariffs)); the impact of competition or client in-housing; uncertainty regarding legislative, regulatory or self-regulatory developments regarding data privacy matters and the impact of efforts by other participants in our industry to comply therewith; our ability to obtain and utilize certain data as a result of consumer concerns regarding data collection and sharing, as well as potential limitations in accessing data from third parties; failure to enhance our brand cost-effectively, recent growth rates not being indicative of future growth; client flexibility to increase or decrease spend; our ability to manage growth, potential fluctuations in operating results, our ability to grow our base of clients, and the financial impact of maximizing Contribution ex-TAC, as well as risks related to future opportunities and plans, including the uncertainty of expected future financial performance and results; changes in general political, economic and competitive conditions and specific market conditions; adverse changes in the advertising industry; changes in applicable laws or accounting practices; failure to obtain the required shareholder vote to adopt the proposals needed to complete the Conversion; failure to satisfy any of the other conditions to the Conversion, including the condition that the option to withdraw shares for cash in connection with the Conversion is not exercised above a certain threshold; the Conversion not being completed; the impact or outcome of any legal proceedings or regulatory actions that may be instituted against us in connection with the Conversion; failure to list our shares on Nasdaq following the Conversion or maintain our listing thereafter; inability to take advantage of the potential strategic opportunities provided by, and realize the potential benefits of, the Conversion; the disruption of current plans and operations by the Conversion; the disruption to the Company's relationships, including with employees, landowners, suppliers, lenders, partners, governments and shareholders; the future financial performance of Criteo following the Conversion, including our anticipated growth rate and market opportunity; changes in shareholders' rights as a result of the Conversion; inability to terminate the deposit agreement and withdraw our ordinary shares from the depositary so as to terminate our ADS program in connection with the Conversion; difficulty in adapting to operating under the laws of Luxembourg; the deferment or abandonment of the Conversion by our board of directors up to three days prior to the general shareholders' meeting to vote thereon; following the completion of the Conversion, a delay or failure in our ability to redomicile to the United States via the merger into a newly incorporated and wholly-owned U.S. subsidiary for any reason; costs or taxes related to the Conversion; and those risks detailed from time-to-time under the caption "Risk Factors" and elsewhere in the Company's SEC filings and reports, including the Company's Annual Report on Form 10-K filed with the SEC on February 28, 2025, and in subsequent Quarterly Reports on Form 10-Q, the proxy statement/prospectus filed with the SEC under Rule 424(b)(3) on January 22, 2026 in connection with the Conversion, as well as future filings and reports by the Company. Importantly, at this time, macro-economic conditions including inflation and fluctuating interest rates in the U.S. have impacted and may continue to impact Criteo's business, financial condition, cash flow and results of operations. Accordingly, a forward-looking statement is neither a prediction nor a guarantee of future events or circumstances and those future events or circumstances may not occur. You should not place undue reliance on the forward-looking statements, which speak only as of the date of this release.Except as required by law, the Company undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events, changes in expectations or otherwise.Conference Call InformationCriteo's senior management team will discuss the Company's earnings on a call that will take place today, February 11, 2026, at 8:00 AM ET, 2:00 PM CET. The conference call will be webcast live on the Company's website at https://criteo.investorroom.com/ and will subsequently be available for replay.United States: +1 800 836 8184International: +1 646 357 8785France 080-094-5120Please ask to be joined into the "Criteo" call.About CriteoCriteo (NASDAQ: CRTO) is the global commerce media company that enables marketers and media owners to drive better commerce outcomes. Its industry leading Commerce Media Platform connects thousands of marketers and media owners to deliver richer consumer experiences from product discovery to purchase. By powering trusted and impactful advertising, Criteo supports an open internet that encourages discovery, innovation, and choice. For more information, please visit www.criteo.com. ContactsInvestor Relations & Corporate Communications
Melanie Dambre, m.dambre@criteo.com Public Relations
Jessica Meyers, j.meyers@criteo.com Financial information to followCRITEO S.A.Consolidated Statement of Financial Position(U.S. dollars in thousands, unaudited)


December 31, 2025
December 31, 2024Assets



Current assets:



Cash and cash equivalents
$                         342,038
$                         290,693Trade receivables, net of allowances of $ 25.9 million and $ 28.6 million as of
December 31, 2025 and December 31, 2024, respectively
582,102
800,859Income taxes
14,233
1,550Other taxes
57,050
53,883Marketable securities - current portion
23,242
26,242Prepaid expenses and other current assets
53,210
50,887Total current assets
1,071,875
1,224,114Property and equipment, net
139,330
107,222Intangible assets, net
151,853
158,384Goodwill
535,761
515,188Right of use asset - operating lease
134,205
99,468Marketable securities - noncurrent portion
23,500
15,584Noncurrent financial assets
8,314
4,332Deferred tax assets
90,689
81,006Other noncurrent assets
45,680
61,151    Total noncurrent assets
1,129,332
1,042,335Total assets
$                     2,201,207
$                     2,266,449




Liabilities and shareholders' equity



Current liabilities:



Trade payables
$                         566,046
$                         802,524Contingencies - current portion
9,229
1,882Income taxes
27,528
34,863Financial liabilities - current portion
11,360
3,325Lease liability - operating - current portion
33,085
25,812Other taxes
14,713
19,148Employee - related payables
114,416
109,227Other current liabilities
68,277
49,819Total current liabilities
844,654
1,046,600Deferred tax liabilities
5,285
4,067Defined benefit plans
5,707
4,709Lease liability - operating - noncurrent portion
105,277
77,584Contingencies - noncurrent portion
22,729
31,939Other noncurrent liabilities
31,826
20,453    Total noncurrent liabilities
170,824
138,752Total liabilities
1,015,478
1,185,352Shareholders' equity:



Common shares, €0.025 par value,  55,659,895 and 57,744,839 shares authorized
and issued, and 51,151,866 and 54,277,422 outstanding at December 31, 2025 and
December 31, 2024, respectively.
1,871
1,931Treasury stock, 4,508,029 and 3,467,417 shares at cost as of December 31, 2025 
and December 31, 2024, respectively.
(120,853)
(125,298)Additional paid-in capital
706,321
709,580Accumulated other comprehensive loss
(68,879)
(108,768)Retained earnings
630,750
571,744Equity attributable to shareholders of Criteo S.A.
1,149,210
1,049,189Noncontrolling interests
36,519
31,908Total equity
1,185,729
1,081,097Total equity and liabilities
$                     2,201,207
$                     2,266,449 CRITEO S.A.
Consolidated Statement of Operations
(U.S. dollars in thousands, except share and per share data, unaudited)


Three Months Ended
Twelve Months Ended

December 31
December 31

2025
2024
2025
2024








Revenue
$    541,136
$    553,035
$ 1,944,901
$ 1,933,289








Cost of revenue







Traffic acquisition cost
211,094
218,636
770,284
811,806Other cost of revenue
32,639
33,428
125,237
138,512








Gross profit
297,403
300,971
1,049,380
982,971








Operating expenses:







Research and development expenses
75,266
67,559
283,303
279,341Sales and operations expenses
110,271
97,356
394,370
376,090General and administrative expenses
39,352
41,548
168,942
176,138Total operating expenses
224,889
206,463
846,615
831,569Income from operations
72,514
94,508
202,765
151,402Financial and other income
329
2,206
809
3,095Income before taxes
72,843
96,714
203,574
154,497Provision for income taxes
26,472
24,770
54,195
39,784Net income
$       46,371
$       71,944
$    149,379
$    114,713








Net income attributable to shareholders of Criteo S.A.
$       47,642
$       71,095
$    144,602
$    111,571Net (loss) income attributable to noncontrolling interests
$       (1,271)
$            849
$         4,777
$         3,142








Weighted average shares outstanding used in computing per share amounts:







Basic
52,234,730
54,695,112
52,934,526
54,817,136Diluted
53,107,946
57,640,779
54,792,540
58,605,529








Net income attributable to shareholders per share:







Basic
$           0.91
$           1.30
$           2.73
$           2.04Diluted
$           0.90
$           1.23
$           2.64
$           1.90 CRITEO S.A.Consolidated Statement of Cash Flows(U.S. dollars in thousands, unaudited)


Three Months Ended
Twelve Months Ended

December 31
December 31

2025
2024
2025
2024Cash flows from operating activities







Net income
$      46,371
$      71,944
$    149,379
$    114,713Noncash and nonoperating items
61,584
56,105
175,203
192,118           - Amortization and provisions
32,327
20,620
129,446
87,754           - Equity awards compensation expense
5,811
20,424
57,848
102,617           - Gain on disposal of and impairment of long-lived assets
1,787
6,494
1,728
7,418           - Change in uncertain tax positions
9,938
(7)
10,359
1,757           - Net change in fair value of earn-out
—
(2,195)
—
1,007           - Change in deferred taxes
(30,920)
(9,670)
(7,533)
(26,040)           - Change in income taxes
42,497
28,710
(21,992)
19,389           - Other
144
(8,271)
5,347
(1,784)Changes in assets and liabilities
52,738
41,405
(13,345)
(48,670)           - Trade receivables
(15,749)
(167,111)
245,977
(28,516)           - Trade payables
34,318
193,703
(265,395)
(17,160)           - Other current assets
8,340
10,881
13,665
10,142           - Other current liabilities
24,385
2,925
(7,505)
(11,314)           - Change in operating lease liabilities and right of use assets
1,444
1,007
(87)
(1,822)NET CASH PROVIDED BY OPERATING ACTIVITIES
160,693
169,454
311,237
258,161Cash flows from investing activities







Acquisition of intangible assets, property and equipment
(27,429)
(24,159)
(102,739)
(78,112)Disposal of intangibles assets, property and equipment
934
765
2,013
1,476Payment for businesses, net of cash acquired
—
—
—
(527)Purchases of investment securities
(5,257)
(20,950)
(28,436)
(26,688)Maturities and sales of investment securities
(258)
5,409
28,029
5,950NET CASH USED IN INVESTING ACTIVITIES
(32,010)
(38,935)
(101,133)
(97,901)Cash flows from financing activities







Proceeds from exercise of stock options
—
117
1,897
4,550Repurchase of treasury stocks
(36,620)
(67,103)
(152,064)
(224,595)Cash payment for contingent consideration
—
(51,983)
—
(51,983)Change in other financing activities
(475)
2,825
(1,309)
1,529NET CASH USED IN FINANCING ACTIVITIES
(37,095)
(116,144)
(151,476)
(270,499)Effect of exchange rates changes on cash and cash equivalents
(4,564)
(7,422)
(7,212)
(10,159)Net increase (decrease) in cash and cash equivalents and restricted cash
87,024
6,953
51,416
(120,398)Net cash and cash equivalents and restricted cash at the beginning of the period
255,335
283,990
290,943
411,341Net cash and cash equivalents and restricted cash at the end of the period
$    342,359
$    290,943
$    342,359
$    290,943








SUPPLEMENTAL CASH FLOW INFORMATION







Cash paid for taxes, net of refunds
$        3,474
$      (4,606)
$    (64,930)
$    (40,705)Cash paid for interest
$          (615)
$          (328)
$      (1,584)
$      (1,360)Non-cash investing and financing activities:







Intangible assets, property, and equipment acquired through payables
$      18,126
$        1,758
$      18,126
$        1,758 CRITEO S.A.Reconciliation of Cash from Operating Activities to Free Cash Flow(U.S. dollars in thousands, unaudited)


Three Months Ended
Twelve Months Ended

December 31
December 31

2025
2024
2025
2024








CASH FROM OPERATING ACTIVITIES
$ 160,693
$ 169,454
$   311,237
$   258,161Acquisition of intangible assets, property and equipment
(27,429)
(24,159)
(102,739)
(78,112)Disposal of intangible assets, property and equipment
934
765
2,013
1,476FREE CASH FLOW (1)
$ 134,198
$ 146,060
$   210,511
$   181,525

(1)Free Cash Flow is defined as cash flow from operating activities less net acquisitions of intangible assets, property and equipment. CRITEO S.A.Reconciliation of Contribution ex-TAC to Gross Profit (U.S. dollars in thousands, unaudited)

Three Months Ended
Twelve Months EndedDecember 31
December 312025
2024
YoY Change
2025
2024
YoY ChangeGross Profit297,403
300,971
(1) %
1,049,380
982,971
7 %











Other Cost of Revenue32,639
33,428
(2) %
125,237
138,512
(10) %











Contribution ex-TAC (1)$     330,042
$     334,399
(1) %
$  1,174,617
$  1,121,483
5 %

(1)Refer to the "Non-GAAP Financial Measures" section for a definition of this Non-GAAP metric. CRITEO S.A.Segment Information(U.S. dollars in thousands, unaudited)



Three Months Ended
Twelve Months Ended


December 31
December 31
Segment
2025
2024
YoY
Change
YoY
Change
at
Constant
Currency (2)
2025
2024
YoY
Change
YoY
Change
at
Constant
Currency (2)Revenue
















Retail Media
$         76,347
$         91,889
(17) %
(18) %
$      263,872
$      258,303
2 %
2 %
Performance Media
464,789
461,146
1 %
(2) %
1,681,029
1,674,986
— %
(1) %
Total
541,136
553,035
(2) %
(4) %
1,944,901
1,933,289
1 %
— %

















Contribution ex-TAC
















Retail Media
74,620
90,228
(17) %
(18) %
259,684
253,846
2 %
2 %
Performance Media
255,422
244,171
5 %
2 %
914,933
867,637
5 %
4 %
Total (1)
$      330,042
$      334,399
(1) %
(4) %
$   1,174,617
$   1,121,483
5 %
3 %

(1)Refer to the Non-GAAP Financial Measures section of this filing for a definition of the Non-GAAP metric.(2)Constant currency measures exclude the impact of foreign currency fluctuations and is computed by applying the prior year monthly exchange rates to transactions denominated in settlement or billing currencies other than the U.S. dollar. CRITEO S.A.Reconciliation of Adjusted EBITDA to Net Income(U.S. dollars in thousands, unaudited)


Three Months Ended
Twelve Months Ended

December 31
December 31

2025
2024
YoYChange
2025
2024
YoYChangeNet income
$    46,371
$    71,944
(36) %
$  149,379
$  114,713
30 %Adjustments:











Financial Income
(329)
(2,206)
85 %
(460)
(3,095)
85 %Provision for income taxes
26,472
24,770
7 %
54,195
39,784
36 %Equity related compensation
7,079
21,710
(67) %
59,573
105,742
(44) %Pension service costs
203
(23)
983 %
786
495
59 %Depreciation and amortization expense (2)
31,092
25,514
22 %
122,320
101,193
21 %Acquisition-related costs
—
(522)
100 %
—
1,439
(100) %Restructuring, integration and transformation costs
9,200
2,821
226 %
18,531
29,847
(38) %Other noncash or nonrecurring events (2) (3)
—
—
NM
2,372
—
NMTotal net adjustments
73,717
72,064
2 %
257,317
275,405
(7) %Adjusted EBITDA (1)
$  120,088
$  144,008
(17) %
$  406,696
$  390,118
4 %

(1)Refer to the "Non-GAAP Financial Measures" section for the definition of this Non-GAAP metric.(2)During the second quarter of 2025, the Company recorded accelerated amortization of $7.9 million, included in depreciation and amortization expense, and a nonrecurring impairment charge of approximately $0.9 million, recorded in other noncash or nonrecurring events, related to internally developed intangible assets, triggered by Alphabet Inc.'s decision not to proceed with the deprecation of third-party cookies in its Chrome browser.(3)During the third quarter of 2025, the Company agreed to settle with the plaintiffs a legal matter for $7.0 million, subject to court approval, with one of the co-defendants agreeing to indemnify the Company for $5.5 million. Based on these agreements, the Company recorded a net probable loss of $1.5 million as of September 30, 2025. CRITEO S.A.Reconciliation from Non-GAAP Operating Expenses to Operating Expenses under GAAP(U.S. dollars in thousands, unaudited)


Three Months Ended
Twelve Months Ended

December 31
December 31

2025
2024
YoY
Change
2025
2024
YoY
ChangeResearch and Development expenses
$        75,266
$        67,559
11 %
$     283,303
$     279,341
1 %Equity related compensation
5,397
9,713
(44) %
20,997
54,628
(62) %Depreciation and Amortization expense (2)
21,454
13,740
56 %
82,911
51,936
60 %Pension service costs
112
57
96 %
434
330
32 %Restructuring, integration and transformation costs
537
412
30 %
1,025
8,576
(88) %Other noncash or nonrecurring events(2)
—
—
NM
872
—
NMNon GAAP - Research and Development expenses
47,766
43,637
9 %
177,064
163,871
8 %Sales and Operations expenses
110,271
97,356
13 %
394,370
376,090
5 %Equity related compensation
5,194
6,892
(25) %
19,384
22,985
(16) %Depreciation and Amortization expense
2,193
3,311
(34) %
12,704
12,960
(2) %Pension service costs
26
(110)
124 %
102
(32)
419 %Restructuring, integration and transformation costs
2,269
(26)
NM
2,358
5,467
(57) %Non GAAP - Sales and Operations expenses
100,589
87,289
15 %
359,822
334,710
8 %General and Administrative expenses
39,352
41,548
(5) %
168,942
176,138
(4) %Equity related compensation
(3,512)
5,105
(169) %
19,192
28,129
(32) %Depreciation and Amortization expense
369
391
(6) %
1,433
1,716
(16) %Pension service costs
65
30
117 %
250
197
27 %Acquisition-related costs
—
(522)
100 %
—
1,439
(100) %Restructuring, integration and transformation costs
6,394
2,435
163 %
15,148
15,804
(4) %Other noncash or nonrecurring events (3)
—
—
NM
1,500
—
NMNon GAAP - General and Administrative expenses
36,036
34,109
6 %
131,419
128,853
2 %Total Operating expenses
224,889
206,463
9 %
846,615
831,569
2 %Equity related compensation
7,079
21,710
(67) %
59,573
105,742
(44) %Depreciation and Amortization expense
24,016
17,442
38 %
97,048
66,612
46 %Pension service costs
203
(23)
983 %
786
495
59 %Acquisition-related costs
—
(522)
100 %
—
1,439
(100) %Restructuring, integration and transformation costs
9,200
2,821
226 %
18,531
29,847
(38) %Other noncash or nonrecurring events (2) (3)
$                —
$                —
NM
$          2,372
$                —
NMTotal Non GAAP Operating expenses (1)
$     184,391
$     165,035
12 %
$     668,305
$     627,434
7 %

(1)Refer to the "Non-GAAP Financial Measures" section for the definition of this Non-GAAP metric.(2)During the second quarter of 2025, the Company recorded accelerated amortization of $7.9 million, included in depreciation and amortization expense, and a nonrecurring impairment charge of approximately $0.9 million, recorded in other noncash or nonrecurring events, related to internally developed intangible assets, triggered by Alphabet Inc.'s decision not to proceed with the deprecation of third-party cookies in its Chrome browser.(3)During the third quarter of 2025, the Company agreed to settle with the plaintiffs a legal matter for $7.0 million, subject to court approval, with one of the co-defendants agreeing to indemnify the Company for $5.5 million. Based on these agreements, the Company recorded a net probable loss of $1.5 million as of September 30, 2025. CRITEO S.A.Reconciliation of Adjusted Net Income to Net Income(U.S. dollars in thousands except share and per share data, unaudited)


Three Months Ended
Twelve Months Ended

December 31
December 31

2025
2024
YoY
Change
2025
2024
YoY
ChangeNet income
$        46,371
$        71,944
(36) %
$     149,379
$     114,713
30 %Adjustments:











Equity related compensation
7,079
21,710
(67) %
59,573
105,742
(44) %Amortization of acquisition-related intangible assets
8,530
8,573
(1) %
37,061
34,860
6 %Acquisition related costs
—
(522)
100 %
—
1,439
(100) %Restructuring, integration and transformation costs
9,200
2,821
226 %
18,531
29,847
(38) %Other noncash or nonrecurring events (2) (3)
—
—
NM
2,372
—
NMTax impact of the above adjustments (4)
(2,118)
(3,686)
43 %
(13,931)
(18,734)
26 %Total net adjustments
22,691
28,896
(21) %
103,606
153,154
(32) %Adjusted net income (1)
$        69,062
$     100,840
(32) %
$     252,985
$     267,867
(6) %












Weighted average shares outstanding











 - Basic
52,234,730
54,695,112


52,934,526
54,817,136

 - Diluted
53,107,946
57,640,779


54,792,540
58,605,529














Adjusted net income per share











 - Basic
$            1.32
$            1.84
(28) %
$            4.78
$            4.89
(2) % - Diluted
$            1.30
$            1.75
(26) %
$            4.62
$            4.57
1 %

(1)Refer to the "Non-GAAP Financial Measures" section for the definition of this Non-GAAP metric.(2)During the second quarter of 2025, the Company recorded a nonrecurring impairment charge of approximately $0.9 million related to internally developed intangible assets,  triggered by Alphabet Inc.'s decision not to proceed with the deprecation of third-party cookies in its Chrome browser.(3)During the third quarter of 2025, the Company agreed to settle with the plaintiffs a legal matter for $7.0 million, subject to court approval, with one of the co-defendants agreeing to indemnify the Company for $5.5 million. Based on these agreements, the Company recorded a net probable loss of $1.5 million as of September 30, 2025.(4)We consider the nature of the adjustment to determine its tax treatment in the various tax jurisdictions we operate in. The tax impact is calculated by applying the actual tax rate for the entity and period to which the adjustment relates. CRITEO S.A.Constant Currency Reconciliation(1)(U.S. dollars in thousands, unaudited)


Three Months Ended
Twelve Months Ended

December 31
December 31

2025
2024
YoYChange
2025
2024
YoYChangeGross Profit as reported
$    297,403
$    300,971
(1) %
$ 1,049,380
$    982,971
7 %












Other cost of revenue as reported
32,639
33,428
(2) %
125,237
138,512
(10) %












Contribution ex-TAC as reported(2)
330,042
334,399
(1) %
1,174,617
1,121,483
5 %Conversion impact U.S. dollar/other currencies
(8,138)
—


(13,936)
—

Contribution ex-TAC at constant currency
321,904
334,399
(4) %
1,160,681
1,121,483
3 %












Traffic acquisition costs as reported
211,094
218,636
(3) %
770,284
811,806
(5) %Conversion impact U.S. dollar/other currencies
(4,487)
—


(7,198)
—

Traffic acquisition costs at constant currency
206,607
218,636
(6) %
763,086
811,806
(6) %












Revenue as reported
541,136
553,035
(2) %
1,944,901
1,933,289
1 %Conversion impact U.S. dollar/other currencies
(12,625)
—


(21,134)
—

Revenue at constant currency
$    528,511
$    553,035
(4) %
$ 1,923,767
$ 1,933,289
— %

(1)Constant currency measures exclude the impact of foreign currency fluctuations and is computed by applying the prior year monthly exchange rates to transactions denominated in settlement or billing currencies other than the U.S. dollar.(2)Refer to the "Non-GAAP Financial Measures" section for a definition of this Non-GAAP metric. CRITEO S.A.Information on Share Count(unaudited)


Twelve Months Ended

2025
2024Shares outstanding as at January 1,
54,277,422
55,765,091Weighted-average effect of changes in shares outstanding during the period
(1,342,896)
(947,955)Basic number of shares - Basic EPS basis
52,934,526
54,817,136Dilutive effect of share-based awards - Treasury method
1,858,014
3,788,393Diluted number of shares - Diluted EPS basis
54,792,540
58,605,529




Shares issued as at December 31, before Treasury stock
55,659,895
57,744,839Treasury stock as of December 31,
(4,508,029)
(3,467,417)Shares outstanding as of December 31, after Treasury stock
51,151,866
54,277,422 CRITEO S.A.Supplemental Financial Information and Operating Metrics(U.S. dollars in thousands except where stated, unaudited)

YoYChangeQoQ ChangeQ42025Q32025Q22025Q12025Q42024Q32024Q22024Q12024Q42023











Clients(3) %(1) %16,78616,97717,14217,08417,26917,16217,74417,76718,197











Revenue  (2) %15 %541,136469,660482,671451,434553,035458,892471,307450,055566,302Americas(12) %20 %241,987201,978199,797192,908274,620206,816212,374198,365280,597EMEA11 %16 %202,901174,335185,955164,861183,372161,745168,496162,842189,291APAC1 %3 %96,24893,34796,91993,66595,04390,33190,43788,84896,414











Revenue(2) %15 %541,136469,660482,671451,434553,035458,892471,307450,055566,302Retail Media(17) %14 %76,34767,11460,91359,49891,88960,76554,77750,87276,583Performance Media1 %15 %464,789402,546421,758391,936461,146398,127416,530399,183489,719











TAC(3) %16 %211,094181,526190,602187,062218,636192,789204,214196,167249,926Retail Media4 %103 %1,7278499047081,6611,1829117032,429Performance Media(4) %16 %209,367180,677189,698186,354216,975191,607203,303195,464247,497











Contribution ex-TAC (1)(1) %15 %330,042288,134292,069264,372334,399266,103267,093253,888316,376Retail Media(17) %13 %74,62066,26560,00958,79090,22859,58353,86650,16974,154Performance Media5 %15 %255,422221,869232,060205,582244,171206,520213,227203,719242,222











Cash flow from
(used for) operating
activities  (5) %79 %160,68889,600(1,397)62,341169,45457,50317,18714,017161,340











Capital expenditures13 %19 %26,49522,25834,88217,09123,39418,89921,11913,22419,724











Net cash position 18 %34 %342,359255,335206,024286,171290,942283,990291,698341,862411,257











Headcount4 %— %3,6493,6503,6213,5333,5073,5043,4983,5593,563











Days Sales
Outstanding
(days - end of month)(5) days(7) days576465686265646658

(1)Refer to the "Non-GAAP Financial Measures" section for a definition of this Non-GAAP metric. 



View original content:https://www.prnewswire.com/news-releases/criteo-reports-fourth-quarter-2025-results-302684484.htmlSOURCE Criteo Corp

Original: CRITEO REPORTS FOURTH QUARTER 2025 RESULTS

Criteo Introduces Agentic Commerce Recommendation Service to Power AI Shopping AssistantsFebruary 5, 2026 7:00 AM
PR Newswire (US)

 New service demonstrates commerce-grade product recommendations for AI assistants, improving relevancy by up to 60%NEW YORK, Feb. 5, 2026 /PRNewswire/ -- Criteo (NASDAQ: CRTO), the global platform connecting the commerce ecosystem, today introduced its Agentic Commerce Recommendation Service, designed to power AI shopping assistants with accurate, relevant product recommendations built on Criteo's commerce intelligence.



LLM platforms are rapidly evolving into AI shopping assistants, while retailers develop their own AI chatbots, influencing how consumers discover, compare, and purchase products online. As these AI-driven shopping experiences scale, AI assistants need a commerce-grade recommendation infrastructure that drives outcome-based relevancy by accessing real shopping behavior, not just publicly available product descriptions, to deliver the trusted and personalized results that consumers expect. This approach builds on Criteo's previously published agentic commerce vision.Built on Criteo's commerce intelligence, its Agentic Commerce Recommendation Service delivered up to a 60% improvement in recommendation relevancy compared to third-party approaches based only on product descriptions in Criteo's testing ¹. This performance is enabled by the company's unmatched scale of 720 million daily shoppers, $1T in annual transactions, and 4.5 billion product SKUs.The service is available through Criteo's Model Context Protocol (MCP) and directly connects AI-powered shopping assistants with merchant inventory, translating consumer shopping queries into curated, transaction-ready product recommendations. It enables AI assistants to surface the most relevant products for each individual consumer by applying real-world shopping and purchase signals that cannot be accessed through traditional crawling tactics.How it Works: The Agentic Commerce Recommendation Service in ActionA shopping request: A consumer asks an AI shopping assistant for a product that matches their needs, preferences, and budget.AI assistant query: The AI assistant queries Criteo's Agentic Commerce Recommendation Service to identify relevant products.Commerce intelligence-powered filtering: Criteo applies real-world shopping and purchase signals to filter and rank products based on what is most relevant for that individual consumer, considering nuances such as product popularity, availability, and user intent.Curated results: Criteo returns a curated shortlist of product recommendations, rather than raw catalog data.Personalized, easy consumer experience: The AI assistant reviews Criteo's recommendations, presents the results, compares options, and can support add-to-cart or checkout within the agentic experience.The Agentic Commerce Recommendation Service understands broad shopper intent and supports both exploratory and product-specific queries, delivering relevant product recommendations and expanding them with complementary items when appropriate."The real competitive advantage in agentic commerce will come from access to high-quality commerce data at scale," said Michael Komasinski, Chief Executive Officer of Criteo. "This service brings that intelligence into AI-driven shopping experiences in a way that works for the entire ecosystem, delivering relevancy for consumers while respecting retailer data, brand integrity, and platform trust."Criteo continues to test with a major LLM platform that began in 2025, while also expanding testing to additional LLM platforms, retailers, and brands. To learn more about how the Agentic Commerce Recommendation Service is powering the future of AI-assisted shopping, click here.1 Based on internal testing of transactional data in January 2026, Criteo's Agentic Commerce Recommendation Service demonstrated up to a 60% improvement in recommendation relevancy compared to third-party approaches based solely on product descriptions. Criteo defines relevancy as "the degree to which a product matches a shopper's current intent, needs, and preferences, and therefore helps them progress toward a purchase."Contacts   Criteo Public Relations 
Jessica Meyers, j.meyers@criteo.com   Criteo Investor Relations 
Melanie Dambre, m.dambre@criteo.com  About Criteo Criteo (NASDAQ: CRTO) is the global platform connecting the commerce ecosystem for brands, agencies, retailers, and media owners. Its AI-powered advertising platform has unique access to more than $1 trillion in annual commerce sales—powering connections with shoppers, inspiring discovery, and enabling highly personalized experiences. With thousands of clients and partnerships spanning global retail to digital commerce, Criteo delivers the technology, tools, and insights businesses need to drive performance and growth. For more information, please visit criteo.com.Forward Looking Statements DisclosureThis press release contains forward-looking statements, including our expectations regarding our market opportunity and future growth prospects and other statements that are not historical facts and involve risks and uncertainties that could cause actual results to differ materially. Factors that might cause or contribute to such differences include, but are not limited to: failure related to our technology and our ability to innovate and respond to changes in technology, uncertainty regarding our ability to access a consistent supply of internet display advertising inventory and expand access to such inventory, disruption of current plans and operations by our planned transfer of the company's legal domicile from France to Luxembourg via a cross-border conversion (the "Conversion"), failure to satisfy any of the conditions to and complete the Conversion, investments in new business opportunities and the timing of these investments, whether the projected benefits of acquisitions or strategic transactions, including the Conversion, materialize as expected, uncertainty regarding international operations and expansion, including related to changes in a specific country's or region's political or economic conditions (such as changes in or new tariffs), the impact of competition or client in-housing, uncertainty regarding legislative, regulatory or self-regulatory developments regarding data privacy matters and the impact of efforts by other participants in our industry to comply therewith, the impact of consumer resistance to the collection and sharing of data, our ability to access data through third parties, failure to enhance our brand cost-effectively, recent growth rates not being indicative of future growth, client flexibility to increase or decrease spend, our ability to manage growth, potential fluctuations in operating results, our ability to grow our base of clients, and the financial impact of maximizing Contribution ex-TAC, as well as risks related to future opportunities and plans, including the uncertainty of expected future financial performance and results, changes in general political, economic and competitive conditions and specific market conditions; adverse changes to the marketing industry, changes in applicable laws or accounting practices, and those risks detailed from time-to-time under the caption "Risk Factors" and elsewhere in the Company's SEC filings and reports, including the Company's Annual Report on Form 10-K filed with the SEC on February 28, 2025, subsequent Quarterly Reports on Form 10-Q, and in the proxy statement/prospectus filed with the SEC under Rule 424(b)(3) on January 22, 2026 in connection with the Conversion, as well as future filings and reports by the Company. Importantly, at this time, macro-economic conditions including inflation and fluctuating interest rates in the U.S. have impacted and may continue to impact Criteo's business, financial condition, cash flow and results of operations. Accordingly, a forward-looking statement is neither a prediction nor a guarantee of future events or circumstances and those future events or circumstances may not occur. You should not place undue reliance on the forward-looking statements, which speak only as of the date of this release.Except as required by law, the Company undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events, changes in expectations or otherwise.










View original content to download multimedia:https://www.prnewswire.com/news-releases/criteo-introduces-agentic-commerce-recommendation-service-to-power-ai-shopping-assistants-302679859.htmlSOURCE Criteo

Original: Criteo Introduces Agentic Commerce Recommendation Service to Power AI Shopping Assistants

JUST IN: $CRTO Why Criteo Jumped More Than 20% Today

Shares of marketing and advertising platform technology company Criteo (NASDAQ: CRTO) soared 21% today after yesterday's earnings report persuaded several analysts to upgrade the company today. Criteo reported earnings yesterday that marked a sharp 74% drop in net income from th...

Got this from CRTO - Why Criteo Jumped More Than 20% Today

News: $CRTO Why Magnite Stock Surged Higher Today

Shares of advertising-technology company Magnite (NASDAQ: MGNI) , previously known as The Rubicon Project, surged higher on Monday even though the company didn't report anything newsworthy. However, there was encouraging news in the ad-tech world, which might explain Magnite stock's upward mo...

Read the whole news CRTO - Why Magnite Stock Surged Higher Today

News: $CRTO How Shares of The Trade Desk Gained 30% in June

Shares of The Trade Desk (NASDAQ: TTD) rose 30.5% in June, according to data from S&P Global Market Intelligence . The surge started with a rosy business update from online ad services peer Criteo (NASDAQ: CRTO) and ended with a bullish analyst report. Image source: Getty Images. ...

Read the whole news CRTO - How Shares of The Trade Desk Gained 30% in June

News: $CRTO Why Criteo Stock Skyrocketed Today

Shares of Criteo (NASDAQ: CRTO) have skyrocketed today, up by 18% as of 11:50 a.m. EDT, after the company raised its guidance for Q2. The update comes about a month after the advertising tech specialist said that market conditions had " improved meaningfully " in May. Revenue excluding tr...

In case you are interested CRTO - Why Criteo Stock Skyrocketed Today

News: $CRTO Criteo Provides an Update to its Financial Guidance for the Second Quarter 2020

NEW YORK , July 6, 2020 /PRNewswire/ --  Criteo  S.A. (NASDAQ: CRTO), the global technology company powering the world's marketers with trusted and impactful advertising, today provides an update to its financial outlook for the second quarter 2020. As a result of better than...

Got this from CRTO - Criteo Provides an Update to its Financial Guidance for the Second Quarter 2020

This is getting very plump.

News: $CRTO Custora Announces Partnership with Criteo

Custora - a customer intelligence platform that uses machine learning to power personalized marketing for companies including Tommy Hilfiger, Tiffany & Co., and Bonobos has today announced its strategic partnership with Criteo S.A. (NASDAQ: CRTO), the advertising platform for the open...

Got this from https://marketwirenews.com/news-releases/custora-announces-partnership-with-criteo-8446774.html

News: $CRTO Criteo cited as a large vendor in Now Tech: Omnichannel Media Management report by Independent Research Firm

NEW YORK , July 2, 2019 /PRNewswire/ -- Criteo S.A. (NASDAQ: CRTO), the advertising platform for the open Internet, is cited as a large player in a Forrester report titled "Now Tech: Omnichannel Media Management, Q2 2019", published on June 14 th , 2019. Forrester's research repo...

In case you are interested https://marketwirenews.com/news-releases/criteo-cited-as-a-large-vendor-in-now-tech-omnichannel-media-ma-8446704.html

CRTO Chart

Jefferies reiterated Criteo at Buy. Maybe worth a look value investors....

Valuation

On December 5, 2016, Criteo S.A. (the “Company”) issued a press release in response to a blog post from November 30, 2016 directed at the Company and its business model. A copy of the Company's press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

The information furnished with this Item 7.01, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any other filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

Green close

Bouncing back

I agree

Hard to argue with Zacks or CNBC. The industry Criteo serves is growing like a weed. I did a ebay search last week, now everytime i go online i get an ad banner for the item i searched. Seems someone is always watching and wants to market or target you to buy something. Not sure i like it but it is what it is.

Just was on cnbc so they pumping too lmao

This is being pumped by couple newsletter promos. It is at the top of Jefferies, and is a Zacks #1 pick.....It has made my radar and would appear to be a good entry at 37-38. Strongly considering adding to my portfolio. As always best of luck clarke

Exceeded guidance for 11th quarter in a row?

... why is this down?
Is this a good entry point?

$CRTO recent news/filings

bullish

basic chart ## source: stockcharts.com



basic chart ## source: stockscores.com



big daily chart ## source: stockcharts.com



big weekly chart ## source: stockcharts.com



$CRTO DD Notes ~ http://www.ddnotesmaker.com/CRTO

## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/CRTO/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/CRTO/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=CRTO+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=CRTO+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=CRTO+Industry

## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/CRTO/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/CRTO/news - http://finance.yahoo.com/q/h?s=CRTO+Headlines

## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/CRTO/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/CRTO/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/CRTO/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/CRTO/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/CRTO/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/CRTO/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/CRTO/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/CRTO/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=CRTO+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/CRTO
DTCC (dtcc.com): http://search2.dtcc.com/?q=Apple%2C+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Apple%2C+Inc.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Apple%2C+Inc.&x=0&y=0
WHOIS (domaintools.com): http://whois.domaintools.com/http://www.apple.com/pr
Alexa (alexa.com): http://www.alexa.com/siteinfo/http://www.apple.com/pr#
Corporate website internet archive (archive.org): http://web.archive.org/web/*/http://www.apple.com/pr

## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/CRTO/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/CRTO
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/CRTO/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/CRTO/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/CRTO/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000320193&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/CRTO/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/CRTO/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/CRTO/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/CRTO/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=CRTO&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=CRTO
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/CRTO/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=CRTO+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=CRTO+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=CRTO
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=CRTO
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=CRTO+CRTOh+Flow&annual

## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/CRTO/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=CRTO+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/CRTO.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=CRTO
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/CRTO/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/CRTO/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/CRTO/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/CRTO/insider-transactions

## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/CRTO
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/CRTO
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/CRTO:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=CRTO
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=CRTO
StockTwits (stocktwits.com): http://stocktwits.com/symbol/CRTO

$CRTO DD Notes ~ http://www.ddnotesmaker.com/CRTO

$CRTO DD Notes ~ http://www.ddnotesmaker.com/CRTO

bullish
double bottom

$CRTO charts

basic chart ## source: stockcharts.com



basic chart ## source: stockscores.com



big daily chart ## source: stockcharts.com



big weekly chart ## source: stockcharts.com


$CRTO company information

## source: otcmarkets.com

Link: http://www.otcmarkets.com/stock/CRTO/company-info
Ticker: $CRTO
OTC Market Place: Not Available



## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/CRTO/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/CRTO/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=CRTO+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=CRTO+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=CRTO+Industry

## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/CRTO/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/CRTO/news - http://finance.yahoo.com/q/h?s=CRTO+Headlines

## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/CRTO/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/CRTO/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/CRTO/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/CRTO/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/CRTO/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/CRTO/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/CRTO/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/CRTO/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=CRTO+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/CRTO

## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/CRTO/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/CRTO
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/CRTO/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/CRTO/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/CRTO/sec-filings
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/CRTO/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/CRTO/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/CRTO/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/CRTO/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=CRTO&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=CRTO
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/CRTO/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=CRTO+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=CRTO+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=CRTO
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=CRTO
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=CRTO+Cash+Flow&annual

## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/CRTO/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=CRTO+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/CRTO.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=CRTO
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/CRTO/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/CRTO/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/CRTO/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/CRTO/insider-transactions

## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/CRTO
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/CRTO
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/CRTO:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=CRTO
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=CRTO



$CRTO DD Notes ~ http://www.ddnotesmaker.com/CRTO