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Sep 30, 2024
CRITEO Q3 2024 Earnings Report
Reported a strong third quarter with robust growth and progress across strategic initiatives.
Key Takeaways
Criteo reported revenue of $459 million, a gross profit of $232 million, and a Contribution ex-TAC of $266 million. Net income was $6 million, or $0.11 per share on a diluted basis. Adjusted EBITDA was $82 million, resulting in an adjusted diluted EPS of $0.96. The company expects to return $180 million of capital to shareholders in 2024.
Retail Media Contribution ex-TAC grew 23% year-over-year at constant currency and same-retailer Contribution ex-TAC retention for Retail Media was 120%.
Expanded platform adoption to 3,100 brands and 225 retailers and marketplaces, including JCPenney, Office Depot & ODP Business Solutions, Metro AG, Flaschenpost and Rohlik.
Kinective Media by United Airlines chose Criteo to help power and scale its offsite monetization.
Performance Media Contribution ex-TAC was up 5% year-over-year at constant currency.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Criteo provided guidance for the fourth quarter and fiscal year 2024.
Positive Outlook
- Contribution ex-TAC to grow +10% to 11% at constant currency for fiscal year 2024.
- Adjusted EBITDA margin of approximately 32% to 33% of Contribution ex-TAC for fiscal year 2024.
- Contribution ex-TAC between $327 million and $333 million for fourth quarter 2024.
- Year-over-year growth at constant-currency of +3% to +5% for fourth quarter 2024 Contribution ex-TAC.
- Adjusted EBITDA between $114 million and $120 million for fourth quarter 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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