Criteo S.A.

Listed Company

CRTOCIK 0001576427NasdaqLarge AcceleratedServices-Advertising AgenciesI0FRFY ends Dec 31

Period

FY 2025

Revenue

$1.94B

Net Income

$149.00M

Total Assets

—

Equity

—

Shares Out

50.24M

Op. Cash Flow

$311.24M

Business

Criteo S.A. is a commerce media company that enables marketers and media owners to drive commerce outcomes by leveraging commerce data and artificial intelligence. It offers marketing and monetization products and infrastructure including supply-side monetization (Commerce Yield, Commerce Grid), demand-side buying and audience solutions (Commerce Max, Commerce Growth, Commerce Go) and AI-driven measurement and creative optimization. The company reports two operating segments: Retail Media and Performance Media, which support retailer monetization and full-funnel advertiser activation. Criteo distributes its platform and services globally through direct integrations with retailers, publishers, agencies and reseller partners across the open internet.

Summary from filing dated 2025-02-28

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	1,945	1,933	1,949	2,017	2,254
Traffic acquisition costs	770	812	927	1,089	−1,333
Other cost of revenue	125	139	160	133	−139
Gross profit	1,049	983	863	795	782
Research and development expenses	283	279	242	188	−152
Sales and operations expenses	394	376	406	378	−326
General and administrative expenses	169	176	138	205	−153
Total operating expenses	847	832	786	771	−630
Income from operations	203	151	77	24	152
Financial and other income (expense)	800,000	3	−3	18	2
Income before taxes	204	154	75	42	154
Provision for income taxes	54	40	20	31	−16
Net income	149	115	55	11	138
Net income attributable to shareholders of Criteo S.A.	145	112	53	9	134
Net income attributable to noncontrolling interests	5	3	1	2	3
Basic (in shares)	53	55	56	60	61
Diluted (in shares)	55	59	60	63	64
Basic (in dollars per share)	2.73	2.04	0.95	0.15	2.21
Diluted (in dollars per share)	2.64	1.9	0.88	0.14	2.09

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	342	291	336	348	516
Trade receivables, net of allowances of $25.9 million and $28.6 million as of December 31, 2025 and December 31, 2024, respectively.	582	801	776	709	582
Income taxes	14	2	2	24	9
Other taxes	57	54	69	78	73
Marketable securities - current portion	23	26	6	25	50
Prepaid expenses and other current assets	53	51	—	—	—
Total current assets	1,072	1,224	1,312	1,261	1,264
Property and equipment, net	139	107	126	131	140
Intangible assets, net	152	158	181	176	83
Goodwill	536	515	524	515	330
Right of use assets - operating leases	134	99	112	102	120
Marketable securities - noncurrent portion	24	16	17	0	5
Noncurrent financial assets	8	4	5	6	6
Deferred tax assets	91	81	53	32	35
Other noncurrent assets	46	61	61	51	0
Total noncurrent assets	1,129	1,042	1,079	1,088	719
Total assets	2,201	2,266	2,392	2,349	1,984
Trade payables	566	803	839	743	430
Contingencies - current portion	9	2	1	66	—
Income taxes	28	35	17	13	7
Financial liabilities - current portion	11	3	3	219,000	642,000
Lease liability - operating - current portion	33	26	35	31	34
Other taxes	15	19	26	58	60
Employee-related payables	114	109	113	86	98
Other current liabilities	68	50	105	83	40
Total current liabilities	845	1,047	1,140	1,080	673
Deferred tax liabilities	5	4	1	3	3
Defined benefit plans	6	5	4	4	6
Lease liability - operating - noncurrent portion	105	78	83	78	94
Contingencies - noncurrent portion	23	32	33	34	0
Other noncurrent liabilities	32	20	19	69	10
Total noncurrent liabilities	171	139	140	188	113
Total liabilities	1,015	1,185	1,280	1,268	785
Common shares, 0.025 per value, 55,659,895 and 57,744,839 shares authorized and issued, and 51,151,866 and 54,277,422 outstanding at December 31, 2025 and December 31, 2024, respectively.	2	2	2	2	2
Treasury stock, 4,508,029 and 3,467,417 shares at cost as of December 31, 2025 and December 31, 2024, respectively.	−121	−125	−162	−174	−132
Additional paid-in capital	706	710	769	734	731
Accumulated other comprehensive loss	−69	−109	−85	−92	−40
Retained earnings	631	572	555	578	602
Equity attributable to shareholders of Criteo S.A.	1,149	1,049	1,080	1,048	1,163
Noncontrolling interests	37	32	32	33	35
Total equity	1,186	1,081	1,111	1,081	1,198
Total equity and liabilities	2,201	2,266	2,392	2,349	1,984

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Noncash and nonoperating items	175	192	103	185	125
Amortization and provisions	129	88	72	—	—
Payment for contingent liability on regulatory matters	0	0	−43	0	0
Equity awards compensation expense	58	103	97	65	45
Gain (loss) on disposal of and impairment of long-lived assets	2	7	−8	—	—
Change in uncertain tax positions	10	2	−880,000	412,000	0
Net change in fair value of earn-out	0	1	2	771,000	0
Change in deferred taxes	−8	−26	−24	4	−19
Change in income taxes	−22	19	4	−11	6
Other	5	−2	3	−24	51,000
Changes in assets and liabilities:	−13	−49	66	60	−42
Trade receivables	246	−29	−56	−42	−135
Trade payables	−265	−17	88	134	83
Other current assets	14	10	−6	−15	−20
Other current liabilities	−8	−11	41	−18	33
Change in operating lease liabilities and right of use assets	−87,000	−2	−696,000	748,000	−3
Net cash provided by operating activities	311	258	224	256	221
Acquisition of intangibles assets, property and equipment	−103	−78	−116	−64	—
Disposal of intangibles assets, property and equipment	2	1	2	8	—
Proceeds from disposal of investments	0	0	9	0	0
Payment for businesses, net of cash acquired	0	−527,000	−7	−138	−10
Purchases of investment securities	−28	−27	−22	—	—
Maturities and sales of investment securities	28	6	26	47	—
Net cash used in investing activities	−101	−98	−109	−166	−76
Proceeds from exercise of stock options	2	5	2	—	—
Repurchase of treasury stocks	−152	−225	−125	−136	−100
Cash payment for contingent consideration	0	−52	−22	0	0
Change in other financing activities	−1	2	−2	22	0
Net cash used in financing activities	−151	−270	−147	−113	−80
Effect of exchange rates changes on cash and cash equivalents	−7	−10	−5	−44	−37
Net increase (decrease) in cash and cash equivalents and restricted cash	51	−120	−37	−67	28
Cash paid for taxes, net of refunds	−65	−41	−40	−38	−29
Cash paid for interest	−2	−1	−2	−1	−1
Intangible assets, property and equipment acquired through payables	18	2	3	25	—

Filings

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