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Sep 30, 2020
CRITEO Q3 2020 Earnings Report
Reported financial results for Q3 2020, exceeding guidance despite the pandemic's impact.
Key Takeaways
Criteo's Q3 2020 financial results exceeded expectations, demonstrating resilience during the pandemic. Revenue was $470 million, and Revenue ex-TAC was $186 million. Adjusted EBITDA was $49 million, resulting in adjusted diluted EPS of $0.40. Free cash flow grew 98% year-over-year to $38 million.
Delivered better than expected performance on both the top and bottom lines.
Total clients grew 3% year-over-year to close to 20,600.
New solutions grew 43% year-over-year to 19% of total Revenue ex-TAC.
Retail Media grew close to 60% year-over-year.
Revenue by Geographic Location
Forward Guidance
For the fourth quarter 2020, Criteo expects Revenue ex-TAC to be between $223 million and $230 million, implying constant-currency decline of approximately 15% at the midpoint. Adjusted EBITDA is expected to be between $81 million and $88 million.
Positive Outlook
- Less concentrated peak Holiday Season compared to prior years
- Continued slow rebound in our Travel and Classifieds verticals
Challenges Ahead
- $17M negative impact from Privacy headwinds in the fourth quarter
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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