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Jun 30, 2021
CRITEO Q2 2021 Earnings Report
Reported strong financial results, exceeding quarterly guidance and raising the outlook for fiscal year 2021 revenue ex-TAC and adjusted EBITDA margin.
Key Takeaways
Criteo reported a strong second quarter in 2021, with revenue increasing by 26% year-over-year to $551 million and Revenue ex-TAC increasing by 22% year-over-year to $220 million. Adjusted EBITDA increased by 73% year-over-year to $67 million, resulting in an adjusted diluted EPS of $0.63. The company raised its outlook for fiscal year 2021 Revenue ex-TAC growth and Adjusted EBITDA margin.
Media spend activated for marketers and media owners increased 31% year-over-year.
New solutions grew 50% year-over-year at constant currency to 25% of total revenue ex-TAC.
Retail Media revenue grew 10% and Retail Media Revenue ex-TAC grew 49% year-over-year at constant currency; same-retailer revenue ex-TAC for Retail Media increased 65% year-over-year.
Criteo acquired Mabaya, a leading retail media technology company.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Criteo provided guidance for the third quarter of 2021 and raised its outlook for fiscal year 2021.
Positive Outlook
- Revenue ex-TAC between $202 million and $205 million, translating into constant-currency growth between +8% and +9% year-over-year.
- Adjusted EBITDA between $47 million and $50 million.
- Revenue ex-TAC growth outlook raised to between +6% and +8% at constant-currency.
- Expectation of Adjusted EBITDA margin raised to approximately 32% of Revenue ex-TAC.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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