NASDAQ$CRTO
CRITEO SA-SPON ADR · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Reported solid Q3 2022 results, with progress in integrating Iponweb and launching Commerce Max.
Criteo reported a revenue of $447 million, a gross profit of $180 million, and a net income of $7 million for Q3 2022. The company's adjusted EBITDA was $50 million, resulting in an adjusted diluted EPS of $0.53. Criteo also completed the acquisition of Iponweb and launched Commerce Max during the quarter.
- Completed the acquisition of Iponweb on August 1, 2022.
- Launched Commerce Max, a self-service DSP for enterprise marketers.
- Retail Media Contribution ex-TAC grew 32% year-over-year at constant currency.
- Criteo's activated media spend by the Commerce Media Platform was over $656 million in Q3, growing 7% at constant currency.
Headline financials
Revenue & EPS history
CRITEO · Revenue · Quarterly
$447M
Revenue by segment
CRITEO · $41.2M total across 1 segment · Q3 2022
- Retail Media$41.2M-17.6%100.0%
Forward guidance
Criteo expects Contribution ex-TAC between $275 million and $280 million and Adjusted EBITDA between $90 million and $95 million for the fourth quarter of 2022. For the fiscal year 2022, the company now expects Contribution ex-TAC to grow by 10% to 11% at constant currency and an Adjusted EBITDA margin of approximately 28% to 29% of Contribution ex-TAC.
Tailwinds
- Contribution ex-TAC between $275M and $280M
- Year-over-year growth at constant-currency of +11% to +13%
- Includes the contribution from our Iponweb acquisition
- Adjusted EBITDA between $90M and $95M
- Adjusted EBITDA margin of approximately 28% to 29% of Contribution ex-TAC
Headwinds
- Guidance assumes specific exchange rates for various currencies
- Guidance assumes that no additional acquisitions are completed during the fourth quarter of 2022
- Reconciliations of Contribution ex-TAC, Adjusted EBITDA and Adjusted EBITDA margin guidance to the closest corresponding U.S. GAAP measures are not available without unreasonable efforts
- High variability, complexity and low visibility with respect to the charges excluded from these non-GAAP measures
- Variability of the above charges could potentially have a significant impact on our future U.S. GAAP financial results.
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 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
| 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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