NASDAQ$CRTO

CRITEO SA-SPON ADR · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported strong second quarter results and completed the acquisition of IPONWEB.

Criteo's Q2 2022 results showed a decrease in revenue by 10% year-over-year, but gross profit increased by 1%. The company completed the acquisition of IPONWEB and is on pace to deliver sustainable and profitable growth in 2022.

  • Completed the acquisition of IPONWEB on August 1st for $250 million.
  • Retail Media Contribution ex-TAC grew 42% year-over-year at constant currency.
  • Marketing Solutions Contribution ex-TAC grew 2% year-over-year at constant currency.
  • Activated media spend by the Commerce Media Platform for marketers and media owners was over $2.8 billion in the last 12 months and $676 million in Q2, growing 9% at constant currency.

Headline financials

Total Revenue

$495M

Previous: $551M-10.2%
EPS (adj)

$0.58

Previous: $0.63-7.9%
Adjusted EBITDA

$50M

No prior period
Free Cash Flow

-$33.6M

Previous: $14.8M-327.1%
Net Income

-$33.6M

Previous: $14.8M-327.1%
Operating Income

-$56.5M

Previous: $19.7M-386.4%
Gross Profit

$185M

Previous: $183M+1.2%
Cash & Equivalents

$563M

Previous: $490M+14.9%
Total Assets

$1.87B

Previous: $1.84B+1.5%
Stock-Based Comp

$12M

Previous: $11.7M+3.0%

Revenue & EPS history

CRITEO · Revenue · Quarterly

$495M

Q2 2022-10.2%vs Q2 2021
Beat estimate in 14 of 15 quarters(93%)
ActualEstimate

Revenue by segment

CRITEO · $54.7M total across 1 segment · Q2 2022

  • Retail Media
    $54.7M-14.4%

Forward guidance

Criteo expects Contribution ex-TAC between $223 million and $229 million, or year-over-year growth at constant-currency of +12% to +15%, including the contribution from our IPONWEB acquisition. We expect Adjusted EBITDA between $48 million and $53 million.

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 Q2 2022

Historical avgQ2 2022

+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

Earnings price reactions
QuarterReport dateReaction (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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