Loading...
•
Mar 31, 2022
CRITEO Q1 2022 Earnings Report
Criteo reported strong results in the first quarter of 2022, with activated media spend up 12%.
Key Takeaways
Criteo's Q1 2022 results showed a revenue of $511 million and a net income of $21 million. The company's focus on scaling its Commerce Media Platform and Retail Media capabilities contributed to a solid start in 2022.
Retail Media Contribution ex-TAC grew 48% year-over-year at constant currency.
Marketing Solutions Contribution ex-TAC grew 2% year-over-year at constant currency.
Expanded platform adoption with large marketplaces and retailers, including Flipkart and eBay.
Criteo's activated media spend by the Commerce Media Platform for marketers and media owners was over $645 million in Q1, growing 12% at constant currency.
Revenue by Segment
Forward Guidance
Criteo provided guidance for the second quarter and fiscal year 2022, assuming specific exchange rates and excluding the acquisition of IPONWEB.
Positive Outlook
- Expect Contribution ex-TAC between $220 million and $224 million for Q2 2022.
- Expect year-over-year Contribution ex-TAC growth at constant-currency of +4% to +6% for Q2 2022.
- Expect Adjusted EBITDA between $49 million and $53 million for Q2 2022.
- Expect Contribution ex-TAC to grow by 8% to 10% at constant currency for fiscal year 2022.
- Continue to expect an Adjusted EBITDA margin of approximately 32% of Contribution ex-TAC for fiscal year 2022.
Challenges Ahead
- Fiscal year 2022 guidance reflects the suspension of Russia operations.
- Fiscal year 2022 guidance reflects lower Contribution ex-TAC for Europe due to higher traffic acquisition costs for global supply contracts denominated in USD.
- Guidance assumes specific exchange rates for the main currencies impacting the business.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...