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Mar 31, 2024
CRITEO Q1 2024 Earnings Report
Reported record results driven by Retail Media and Performance Media growth.
Key Takeaways
Criteo reported a record first quarter with revenue increasing by 1% year-over-year to $450 million, and net income of $9 million, or $0.12 per share. The company raised its full-year 2024 guidance reflecting confidence in its business strategy and financial strength.
Retail Media Contribution ex-TAC grew 34% year-over-year at constant currency.
Expanded platform adoption to 2,700 brands and close to 225 retailers and marketplaces.
Achieved first accreditation by the Media Rating Council (MRC) for Retail Media measurement.
Deployed $62 million of capital for share repurchases in Q1 2024.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Criteo raised its full-year 2024 guidance.
Positive Outlook
- Expect Contribution ex-TAC to grow high-single-digit at constant currency.
- Expect an Adjusted EBITDA margin of approximately 31% of Contribution ex-TAC.
- Expect Contribution ex-TAC between $261 million and $265 million for Q2 2024.
- Expect year-over-year growth at constant-currency of +10% to +12% for Q2 2024 Contribution ex-TAC.
- Expect Adjusted EBITDA between $70 million and $74 million for Q2 2024.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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