NASDAQ$CRTO
CRITEO SA-SPON ADR · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
Criteo's Q4 2020 financial results were reported, exceeding guidance and marking progress in the company's transformation.
Criteo's Q4 2020 results exceeded the top end of its most recent quarterly guidance. Revenue was $661 million and Revenue ex-TAC was $253 million. Adjusted EBITDA was $103 million, resulting in an adjusted diluted EPS of $0.98.
- Total clients grew 6% year-over-year to 21,460.
- Same-client revenue increased 7% year-over-year.
- New solutions grew 38% year-over-year to 24% of total Revenue ex-TAC.
- Retail Media grew 41% year-over-year.
Headline financials
Revenue & EPS history
CRITEO · Revenue · Quarterly
$253M
Revenue by segment
CRITEO · $49.8M total across 1 segment · Q3 2023
- Retail Media$49.8M+21.0%100.0%
Forward guidance
Criteo is targeting low to mid-single digit growth in Revenue ex-TAC at constant-currency for fiscal year 2021 and expects an Adjusted EBITDA margin above 30% of Revenue ex-TAC. For the first quarter 2021, Criteo expects Revenue ex-TAC to be around $200 million and Adjusted EBITDA to be above $60 million.
Tailwinds
- Targeting low to mid-single digit growth in Revenue ex-TAC at constant-currency for fiscal year 2021.
- Expect an Adjusted EBITDA margin above 30% of Revenue ex-TAC for fiscal year 2021.
- Expect Revenue ex-TAC to be around $200 million for the first quarter 2021.
- Expect Adjusted EBITDA to be above $60 million for the first quarter 2021.
- Executing on its strategic plan and continues to invest in the growth of the business.
Headwinds
- First quarter 2021 guidance implies constant-currency decline of about 4% year-over-year.
- Guidance assumes no acquisitions are completed during the first quarter ending March 31, 2021 and fiscal year ended December 31, 2021.
- The COVID-19 pandemic continues to have a significant impact on Criteo's business, financial condition, cash flow and results of operations.
- Uncertainties about the duration and the extent of the impact of the virus.
- Uncertainty regarding legislative, regulatory or self-regulatory developments regarding data privacy matters and the impact of efforts by other participants in our industry to comply therewith
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 Q4 2020
+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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