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Dec 31, 2022
CRITEO Q4 2022 Earnings Report
Criteo's financial performance decreased compared to the previous year, but saw growth in key areas.
Key Takeaways
Criteo's Q4 2022 results show a decrease in revenue and net income compared to Q4 2021. However, gross profit increased slightly, and there was significant growth in free cash flow. The company is focused on its Commerce Media Platform strategy and is aiming for growth in 2023.
Revenue for Q4 2022 was $564 million, a 14% decrease year-over-year.
Net income for Q4 was $16 million, a 79% decrease year-over-year.
Free Cash Flow increased to $111 million in Q4.
Activated media spend was $1.2 billion in Q4, growing 39% at constant currency.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Criteo anticipates high single-digit to low double-digit growth in Contribution ex-TAC at constant currency for fiscal year 2023, including the contribution from the Iponweb acquisition. The adjusted EBITDA margin is expected to be approximately 28% of Contribution ex-TAC.
Positive Outlook
- High single-digit to low double-digit growth in Contribution ex-TAC at constant currency
- Adjusted EBITDA margin of approximately 28% of Contribution ex-TAC
- Growth in Retail Media
- Capitalizing on momentum in Retail Media
- Accelerating cost efficiency initiatives
Challenges Ahead
- Challenging macro-economic environment
- Uncertainty regarding the effects of the COVID-19 pandemic
- Uncertainty regarding our ability to access a consistent supply of internet display advertising inventory
- Potential fluctuations in operating results
Historical Earnings Impact
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Avg. Return Before/After Earnings
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