Criteo Reports Record First Quarter 2025 Results

Criteo S.A., a global commerce media company, has released its financial results for the first quarter of 2025, ending March 31. The company reported a series of record-breaking financial metrics, reflecting strong performance and strategic execution.

Financial Highlights

For the first quarter of 2025, Criteo reported:

• Revenue of $451 million, a slight increase of 0.3% year-over-year.
• Gross profit of $237 million, up 9% from the previous year.
• Net income of $40 million, a significant increase from $9 million in Q1 2024.
• Diluted EPS of $0.66, compared to $0.12 in the same period last year.
• Cash from operating activities of $62 million, up from $14 million in Q1 2024.
• Free Cash Flow of $45 million, a substantial increase from $1 million in the previous year.

Business and Operational Highlights

Criteo's business performance was bolstered by several key operational achievements:

• Retail Media Contribution ex-TAC grew 18% year-over-year at constant currency.
• Expansion of platform adoption to 3,800 brands, with new retailers and marketplaces added globally.
• Launch of the Onsite Video solution for Retail Media, enhancing their full-funnel onsite advertising suite.
• Performance Media Contribution ex-TAC increased by 4% year-over-year at constant currency.

Strategic Initiatives and Corporate Developments

During the first quarter, Criteo deployed $56 million for share repurchases. Additionally, the company named Frederik van der Kooi as the Chairperson of the Board of Directors and nominated Stefanie Jay for election to the Board at the 2025 Annual Meeting of Shareholders.

Management's Perspective

Michael Komasinski, Chief Executive Officer of Criteo, commented, "Our results this quarter demonstrate strong execution and a solid foundation to build on. Criteo sits at the center of commerce and media, a powerful combination. I'm excited about our opportunities ahead and confident in our ability to deliver long-term value for our shareholders."

Sarah Glickman, Chief Financial Officer, added, "Our first quarter results reflect our broad capabilities to drive performance across the buyer journey, and the strength of our diversified global client base. In an uncertain macro-economic environment, our resilient business model and strong financial foundation position us well to drive results for our clients and protect margins and cash flow."

Future Outlook

Looking ahead, Criteo provided guidance for the second quarter and fiscal year 2025:

• For Q2 2025, Contribution ex-TAC is expected to be between $272 million and $278 million, with Adjusted EBITDA between $60 million and $66 million.
• For the full fiscal year 2025, the company anticipates low-single-digit growth in Contribution ex-TAC at constant currency and an Adjusted EBITDA margin of approximately 33% to 34% of Contribution ex-TAC.

SEC Filing: Criteo S.A. [ CRTO ] - 8-K - May. 02, 2025