NASDAQ$CRTO
CRITEO SA-SPON ADR · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Strong financial results were reported, driven by growth investments and focus on execution.
Criteo reported strong Q1 2021 financial results, exceeding quarterly guidance. Revenue increased by 7% year-over-year to $541 million, and Revenue ex-TAC increased by 4% year-over-year to $213 million. Adjusted EBITDA increased by 28% year-over-year to $76 million, resulting in an adjusted diluted EPS of $0.67.
- New solutions grew 60% year-over-year at constant currency to 21% of total Revenue ex-TAC.
- Retail Media revenue grew 69% year-over-year at constant currency and Retail Media Revenue ex-TAC grew 122% at constant currency.
- Same-client revenue increased 8% year-over-year, accelerating vs. Q4 2020, and same-client Revenue ex-TAC increased 3% year-over-year at constant currency.
- Over 120 net new live clients were added, closing the quarter with 20,626 clients.
Headline financials
Revenue & EPS history
CRITEO · Revenue · Quarterly
$541M
Revenue by segment
CRITEO · $57.9M total across 1 segment · Q1 2021
- Retail Media$57.9M—100.0%
Forward guidance
Criteo provided guidance for the second quarter and fiscal year 2021.
Tailwinds
- Revenue ex-TAC is expected to be approximately $208 million for Q2 2021.
- Constant-currency growth of about 14% year-over-year is expected for Revenue ex-TAC in Q2 2021.
- Adjusted EBITDA is expected to be approximately $60 million for Q2 2021.
- Target of low to mid-single digit growth in Revenue ex-TAC at constant-currency is maintained for fiscal year 2021.
- Expectation of an Adjusted EBITDA margin above 30% of Revenue ex-TAC is maintained for fiscal year 2021.
Headwinds
- The guidance assumes specific exchange rates for various currencies.
- The guidance assumes no acquisitions are completed during the second quarter ending June 30, 2021 and fiscal year ended December 31, 2021.
- Reconciliation of Revenue ex-TAC and Adjusted EBITDA guidance to the closest corresponding U.S. GAAP measure is not available without unreasonable efforts on a forward-looking basis.
- The variability of charges related to equity awards compensation expense could potentially have a significant impact on future U.S. GAAP financial results.
- The COVID-19 pandemic continues to have a significant impact on Criteo's business, financial condition, cash flow and results of operations.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2021
+1.2%
Avg return
Earnings day
+0.6%
Avg return
5 days after
-0.9%
Avg return
30 days after
53%
26 / 49 earnings
Positive
+30.4%
Q4 2017
Best reaction
-21.1%
Q3 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.9% | -19.9% | -11.9% | |
| Q4 2025 | -5.0% | -8.6% | -9.1% | |
| Q3 2025 | +5.8% | +7.0% | -4.8% | |
| Q1 2025 | -12.2% | -17.2% | -23.8% | |
| Q4 2024 | +17.6% | +14.9% | -4.5% | |
| Q3 2024 | -21.1% | -19.4% | -4.4% | |
| Q2 2024 | +4.8% | -1.6% | +6.5% | |
| Q1 2024 | +7.5% | +7.5% | +11.0% | |
| Q4 2023 | +23.5% | +22.3% | +27.6% | |
| Q3 2023 | -14.6% | -14.4% | -10.9% | |
| Q2 2023 | -7.5% | -9.4% | -11.1% | |
| Q1 2023 | +2.7% | +2.6% | +10.4% | |
| Q4 2022 | +8.9% | +1.8% | -8.5% | |
| Q3 2022 | +1.7% | -1.1% | +4.6% | |
| Q2 2022 | +8.4% | +5.3% | +8.4% | |
| Q1 2022 | +6.7% | +0.6% | +2.9% | |
| Q4 2021 | -12.1% | -14.8% | -31.9% | |
| Q3 2021 | +28.2% | +27.5% | +20.4% | |
| Q2 2021 | -3.1% | -5.3% | -10.7% | |
| Q1 2021 | -1.7% | -3.4% | +8.5% | |
| Q4 2020 | +26.9% | +26.6% | +33.8% | |
| Q3 2020 | +21.1% | +17.6% | +37.0% | |
| Q2 2020 | -3.6% | +6.1% | +1.0% | |
| Q1 2020 | -0.6% | -4.0% | +2.6% | |
| Q4 2019 | -10.1% | -7.5% | -46.6% | |
| Q3 2019 | -19.0% | -15.4% | -13.4% | |
| Q2 2019 | +7.3% | +6.1% | +5.0% | |
| Q1 2019 | -15.3% | -13.8% | -16.2% | |
| Q4 2018 | +6.4% | +6.3% | +7.2% | |
| Q3 2018 | +7.6% | +7.0% | +12.9% | |
| Q2 2018 | -18.2% | -17.0% | -22.8% | |
| Q1 2018 | +0.8% | +3.4% | -6.9% | |
| Q4 2017 | +30.4% | +32.5% | +28.3% | |
| Q3 2017 | -11.7% | -9.1% | -22.3% | |
| Q2 2017 | -5.3% | -6.2% | -7.5% | |
| Q1 2017 | -4.9% | -3.1% | -3.9% | |
| Q4 2016 | +2.3% | +7.7% | +12.2% | |
| Q3 2016 | +10.9% | +16.3% | +5.7% | |
| Q2 2016 | -2.4% | -4.3% | -10.6% | |
| Q1 2016 | -6.6% | — | — | |
| Q4 2015 | +27.8% | — | — | |
| Q3 2015 | -18.9% | — | — | |
| Q2 2015 | -7.6% | — | — | |
| Q1 2015 | +5.6% | — | — | |
| Q4 2014 | +3.7% | — | — | |
| Q3 2014 | -1.8% | — | — | |
| Q2 2014 | +3.1% | — | — | |
| Q1 2014 | +2.8% | — | — | |
| Q4 2013 | -11.0% | — | — | |
| Q3 2013 | — | — | — | |
| Q2 2013 | — | — | — | |
| Q1 2013 | — | — | — | |
| Q4 2012 | — | — | — | |
| Q3 2012 | — | — | — |
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