NASDAQ$CRTO
CRITEO SA-SPON ADR · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Delivered a strong performance driven by focus on execution and successful launch of Commerce Grid SSP.
Criteo reported a decrease in revenue by 5% year-over-year to $469 million, but an increase in gross profit by 8% to $200 million. The company's transformation to a Commerce Media powerhouse continues with the launch of Commerce Grid SSP.
- Launched Commerce Grid, a supply-side platform (SSP) for agencies and publishers.
- Announced partnership with Integral Ad Science for viewability and invalid traffic (IVT) measurement.
- Activated media spend was $0.9 billion, growing 53% year-over-year at constant currency.
- Expanded platform adoption to 2,400 brands and 210 retailers.
Headline financials
Revenue & EPS history
CRITEO · Revenue · Quarterly
$469M
Revenue by segment
CRITEO · $44.6M total across 1 segment · Q2 2023
- Retail Media$44.6M-18.4%100.0%
Forward guidance
Criteo expects high single-digit to low double-digit growth in Contribution ex-TAC at constant currency for fiscal year 2023. For the third quarter of 2023, Criteo anticipates Contribution ex-TAC between $238 million and $242 million.
Tailwinds
- High single-digit to low double-digit growth in Contribution ex-TAC at constant currency, including the contribution from Iponweb acquisition for fiscal year 2023
- Adjusted EBITDA margin of approximately 28% of Contribution ex-TAC for fiscal year 2023
- Contribution ex-TAC between $238 million and $242 million for the third quarter of 2023
- Year-over-year growth at constant-currency of +7% to +9%, including the contribution from Iponweb acquisition for the third quarter of 2023
- Adjusted EBITDA between $58 million and $62 million for the third quarter of 2023
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 2023
+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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