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Jun 30, 2020
CRITEO Q2 2020 Earnings Report
Criteo's financial results were better than expected amidst a challenging global environment, showing resilience and strategic focus.
Key Takeaways
Criteo S.A. reported a revenue of $438 million, a 17% year-over-year decline, impacted by an estimated $100 million net negative COVID-19 impact. Despite the challenges, the company showed better than expected performance with a solid cash position and additions to its leadership team.
Revenue declined 17% year-over-year to $438 million, with a significant impact from COVID-19.
Revenue excluding Traffic Acquisition Costs decreased 20% year-over-year to $180 million.
Net income decreased 51% year-over-year to $6 million.
Client count grew 3% year-over-year to close to 20,400.
Revenue by Geographic Location
Forward Guidance
For the third quarter of 2020, Criteo expects Revenue ex-TAC to be between $171 million and $173 million, implying a constant-currency decline of approximately 20% to 21%, and Adjusted EBITDA to be between $31 million and $33 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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