NASDAQ$CRTO

CRITEO SA-SPON ADR · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported strong results exceeding guidance, demonstrating progress on transformation.

Criteo reported a slight decrease in revenue but a significant increase in net income for Q4 2021. The company's gross profit and Contribution ex-TAC also increased. Criteo delivered double-digit growth in 2021 and is accelerating its strategy around commerce media.

  • Retail Media Contribution ex-TAC grew 41% year-over-year in Q4.
  • Marketing Solutions Contribution ex-TAC grew 7% year-over-year in Q4.
  • Criteo's media spend activated by the Commerce Media Platform was close to $850 million in Q4.
  • Same-client contribution ex-TAC increased 9% year-over-year in Q4.

Headline financials

Total Revenue

$276M

Previous: $253M+9.1%
EPS (adj)

$1.44

Previous: $0.98+46.9%
Adjusted EBITDA

$111M

No prior period
Free Cash Flow

$56M

No prior period
Net Income

$75M

Previous: $47M+59.6%
Operating Income

$65.7M

Previous: $67.2M-2.1%
Gross Profit

$244M

Previous: $218M+11.7%
Cash & Equivalents

$516M

Previous: $488M+5.7%
Total Assets

$1.98B

Previous: $1.85B+7.0%
Stock-Based Comp

$12.4M

Previous: $6.31M+95.9%

Revenue & EPS history

CRITEO · Revenue · Quarterly

$276M

Q4 2021+9.1%vs Q4 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

CRITEO · $75.3M total across 1 segment · Q4 2021

  • Retail Media
    $75.3M

Forward guidance

Criteo expects Contribution ex-TAC to grow by 10% to 12% at constant currency and Adjusted EBITDA margin of approximately 32% of Contribution ex-TAC for fiscal year 2022. For the first quarter of 2022, Criteo expects Contribution ex-TAC between $216 million and $220 million, or year-over-year growth at constant-currency of +5% to +7%, and Adjusted EBITDA between $52 million and $56 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 Q4 2021

Historical avgQ4 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

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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