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Jun 30, 2024
CRITEO Q2 2024 Earnings Report
Criteo reported record results and raised full year outlook.
Key Takeaways
Criteo's Q2 2024 revenue increased by 1% year-over-year to $471 million, with gross profit up 17% to $233 million. Net income was $28 million, or $0.46 per share. Adjusted EBITDA increased by 67% to $93 million, resulting in an adjusted diluted EPS of $1.08. The company raised its full-year 2024 guidance.
Retail Media Contribution ex-TAC grew 24% year-over-year at constant currency, with a same-retailer Contribution ex-TAC retention rate of 131%.
Expanded platform adoption to 2,900 brands and 225 retailers and marketplaces.
Announced a strategic collaboration with Microsoft Advertising to drive Retail Media growth.
Performance Media Contribution ex-TAC was up 11% year-over-year at constant currency.
Revenue by Segment
Forward Guidance
Criteo raised its full-year 2024 guidance and provided Q3 2024 guidance.
Positive Outlook
- Expect Contribution ex-TAC to grow +10% to +12% at constant currency for fiscal year 2024.
- Expect an Adjusted EBITDA margin of approximately 32% of Contribution ex-TAC for fiscal year 2024.
- Expect Contribution ex-TAC between $264 million and $268 million for Q3 2024.
- Expect year-over-year growth at constant-currency of +8% to +10% for Q3 2024.
- Expect Adjusted EBITDA between $72 million and $76 million for Q3 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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