NASDAQ$CRTO
CRITEO SA-SPON ADR · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Achieved strong double-digit growth, driven by new solutions and healthy retargeting performance.
Criteo reported strong financial results for the third quarter of 2021, exceeding their quarterly guidance. Revenue increased by 8% year-over-year to $509 million, and Revenue ex-TAC increased by 13% year-over-year to $211 million. Net income grew 358% to $24 million, or $0.37 per share on a diluted basis. Adjusted EBITDA was $68 million, resulting in an adjusted diluted EPS of $0.64. The company raised its outlook for fiscal year 2021 revenue ex-TAC and Adjusted EBITDA margin and announced an extension of its share repurchase authorization from $100 million to $175 million.
- Criteo's media spend activated by the Commerce Media Platform for marketers and media owners was over $2.5 billion in the last 12 months and close to $615M in Q3 growing 23% at constant currency.
- Delivered the highest growth in New Solutions in four quarters at 66% year-over-year at constant currency, now representing 28% of total revenue ex-TAC.
- Retail Media revenue ex-TAC grew 65% year-over-year at constant currency and same-retailer revenue ex-TAC for Retail Media increased 66% year-over-year.
- Added over 400 net new clients and closed the quarter with close to 22,000 clients.
Headline financials
Revenue & EPS history
CRITEO · Revenue · Quarterly
$509M
Revenue by segment
CRITEO · $50M total across 1 segment · Q3 2021
- Retail Media$50M—100.0%
Forward guidance
Criteo raises its financial guidance for the full year 2021 in light of our third quarter outperformance and continued business momentum carrying into the fourth quarter.
Tailwinds
- We raise our Revenue ex-TAC growth outlook to approximately +10% at constant-currency.
- We raise our Adjusted EBITDA margin outlook to approximately 35% of Revenue ex-TAC.
- We expect Revenue ex-TAC between $271 million and $274 million, or year-over-year growth at constant-currency of +8% to +9%.
- We expect Adjusted EBITDA between $107 million and $110 million, or an Adjusted EBITDA margin of 39% to 40%.
- The above guidance assumes no acquisitions are completed during the fourth quarter and fiscal year ended December 31, 2021.
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 Q3 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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