Criteo S.A.

NasdaqGS:CRTO 株式レポート

時価総額：US$861.2m

Criteo 過去の業績

過去 基準チェック /26

Criteoは、平均年間12.9%の収益成長を遂げていますが、 Media業界の収益は、年間 成長しています。収益は、平均年間5.4% 3.3%収益成長率で 減少しています。 Criteoの自己資本利益率は10.1%であり、純利益率は6%です。

主要情報

12.91%

収益成長率

16.95%

EPS成長率

Media 業界の成長13.17%
収益成長率-3.26%
株主資本利益率10.09%
ネット・マージン5.97%
前回の決算情報31 Mar 2026

最近の業績更新

Recent updates

Seeking Alpha • May 18

Criteo: Weaker Spending Is Cutting Into The Bottom Line (Rating Downgrade)

Summary Criteo shares have slid ~20% this week as clients' media spending has weakened. The company cut its full-year guidance, now expecting contribution ex-TAC (which is the company's revenue less traffic acquisition costs) to decline instead of slight growth. Recent integrations into ChatGPT and a new self-service product aimed at bringing in smaller advertisers have not yet spurred new growth. I'm downgrading CRTO to a neutral rating despite its cheap ~1x adjusted EBITDA multiple. Read the full article on Seeking Alpha
ナラティブの更新 • May 11

CRTO: AI Commerce Partnerships And Buybacks May Support Future Rerating

Criteo's analyst fair value estimate has been reduced from $43.00 to $35.00 as analysts trim price targets and factor in slightly higher discount rates, softer profit margin assumptions, and a lower future P/E following a series of target cuts and a downgrade to Equal Weight. Analyst Commentary Recent Street research on Criteo has been dominated by lower price targets and a downgrade to Equal Weight at a major brokerage, which helps explain why fair value estimates have been marked down.
ナラティブの更新 • May 06

Criteo is a profitable, cash-generative commerce data platform trading at or below its liquidation value, with Retail Media re-acceleration

At $19/share after today's earnings, Criteo trades at 1.9x forward EBITDA and 4.1x normalized FCF — multiples that imply permanent structural collapse rather than a transition trough. Asymmetric upside with a $200M buyback authorization that could retire 21% of the float at current prices.
ナラティブの更新 • Apr 22

CRTO: Future Share Repurchases And AI Commerce Data Partnerships May Support Repricing

Criteo's analyst price target has been reduced by $1.00 as analysts update their views in light of recent Street research that includes several lowered targets from major firms. Analyst Commentary Recent Street research shows a cluster of lower price targets for Criteo, including changes from firms such as JPMorgan and several other brokerages.
ナラティブの更新 • Apr 08

CRTO: GenAI Commerce Partnerships And Buybacks Will Support Multiple Re Rating

Analysts have trimmed their average Criteo price targets by a mid single digit dollar amount, with cuts ranging from $1 to $12, as they factor in sector wide concerns around smaller ad platforms and compare the company with peers tied more directly to GenAI and GPU related themes. Analyst Commentary Recent Street research points to a more cautious stance on Criteo, with several price target trims clustered around concerns about smaller ad platforms and investor focus on GenAI and GPU related themes.
新しいナラティブ • Mar 27

Criteo is a profitable, cash-generative commerce data platform trading at or below its liquidation value, with Retail Media re-acceleration

Investment Thesis The stock trades near or below the bear-case DCF intrinsic value (~$33), meaning you are paying for a business in secular decline and getting the Retail Media growth optionality largely for free Retail Media’s underlying CexT grew 16% in 2025 ex-scope changes; as the $75M headwind anniversaries in late 2026, reported growth should re-accelerate and likely re-rate the multiple Management has retired ~$871M in shares since 2018 and continues buying at ~$28/share, compounding per-share value even if aggregate FCF is flat The Luxembourg redomiciliation removes the primary structural barrier to acquisition; at $35–42/share a takeout is both fair to shareholders and strategically rational for a PE buyer or holding company The commerce data asset — 5B SKUs, $1T+ in observed transactions, 90% client retention — is 20 years in the making and cannot be replicated quickly by any credible acquirer or competitor Risk Considerations A single large retailer reducing scope cost $75M in annual revenue; the top-10 clients represent ~20% of revenue, making the thesis vulnerable to one or two more relationship deteriorations Performance Media (~$915M of CexT) faces structural headwinds from walled garden dominance and potential client in-housing; if it declines faster than Retail Media grows, total CexT could shrink rather than stabilize 2026 capex steps up to ~$175M (from $101M in 2025) for data center renewal, compressing near-term FCF to ~$130–150M and limiting the buyback pace precisely when the stock may be cheapest Criteo’s independence is its value proposition to retailers — any acquisition by a strategic player that competes with retailers (Amazon, Walmart, Google) would trigger customer attrition and destroy the core asset it was purchased for Agentic commerce (MCP, conversational shopping) is the growth narrative but is pre-revenue and depends on AI assistant providers adopting Criteo’s APIs rather than building their own commerce data layers​​​​​​​​​​​​​​​​
ナラティブの更新 • Mar 25

CRTO: GenAI Commerce And Buybacks Will Offset Lower Multiple Concerns

Criteo's updated analyst price target has moved lower from $35.75 to about $29.95 as analysts factor in softer profit margin assumptions, a slightly higher discount rate, and a reduced future P/E multiple following a series of Street target cuts across major firms. Analyst Commentary Street research on Criteo has clustered around lower price targets, with several firms trimming their numbers by single digit dollar amounts and a few cutting targets by double digits.
ナラティブの更新 • Mar 09

CRTO: Future Returns Will Hinge On AI Commerce And Margin Execution

Our updated analyst price target for Criteo moves to $18 from $25, reflecting a series of recent target cuts across the Street as analysts factor in softer profit margin assumptions, a slightly higher discount rate, and lower future P/E expectations, even as they model less steep revenue contraction than before. Analyst Commentary Recent Street research on Criteo has leaned cautious, with a series of price target reductions across multiple firms.
ナラティブの更新 • Feb 23

CRTO: Future Share Repurchases And Commerce Data May Support Repricing

Analysts have reduced their price target on Criteo from $51.00 to $43.00. The change reflects updated views that factor in slightly softer revenue and margin assumptions, a modestly higher discount rate, and a series of Street target cuts across multiple firms.
ナラティブの更新 • Feb 09

CRTO: GenAI Commerce Efforts And Buybacks Will Support Upside Through 2026

Analysts have trimmed their price target on Criteo to about US$34 from US$36, reflecting a cautious view on smaller ad platforms as investors focus more on companies tied to GenAI or GPU enabled returns on capital. Analyst Commentary Recent research points to a more cautious stance on Criteo, with the price target adjusted to US$34.
ナラティブの更新 • Jan 23

CRTO: Retail Media Progress And Buybacks Will Support Upside Beyond 2026

Our updated fair value estimate for Criteo nudges down slightly from US$35.92 to US$35.75 per share. This reflects a blend of cautious analyst price target revisions around retail media growth, slower client ramp ups into Q4, and differing views on how smaller ad platforms will be valued relative to larger GenAI and GPU focused peers.
ナラティブの更新 • Jan 08

CRTO: Retail Media Execution And Buybacks Will Support Upside Through 2026

Narrative Update on Criteo Analysts recently nudged their price targets on Criteo higher, with one moving to US$29 from US$27 and another to US$42 from US$41. They cited solid Q3 results, strength in retail media, and performance ahead of expectations for net revenue and EBITDA, despite softer Q4 guidance tied to slower client ramp timing.
ナラティブの更新 • Dec 13

CRTO: Retail Media Momentum Will Drive Share Upside Through 2026

Analysts modestly raised their price targets on Criteo, with recent moves to about $29 and $42 per share, citing solid Q3 results, continued retail media growth, and supportive read throughs from broader ad tech M&A, despite near term softness in Q4 guidance. Analyst Commentary Street research following the Q3 print reflects a generally constructive stance on Criteo, with moderate target price increases and a focus on the durability of its retail media growth, tempered by near term execution risks.
ナラティブの更新 • Nov 28

CRTO: Ongoing Retail Media Momentum Will Drive Share Upside Into 2026

Analysts have raised their price targets on Criteo shares, with some increasing estimates by $1 to $2. They cite solid third quarter results and ongoing momentum in retail media, although the outlook for the fourth quarter is lighter.
ナラティブの更新 • Nov 14

CRTO: Retail Media Expansion Will Drive Upside Despite Near-Term Headwinds

Analysts have modestly raised their price targets for Criteo, with increases ranging from $2 to $1 per share. They cite the company's solid third-quarter performance and continued progress in retail media, despite a lighter Q4 outlook.
ナラティブの更新 • Oct 31

CRTO: Share Repurchases And Retail Media Partnerships Will Drive Outperformance Ahead

Analysts have adjusted their average price target for Criteo downward from $38.17 to $35.92. This change is attributed to solid recent results; however, it is offset by lighter guidance and slower-than-expected client growth, which is impacting near-term retail media performance.
分析記事 • May 28

Earnings Working Against Criteo S.A.'s (NASDAQ:CRTO) Share Price Following 27% Dive

Unfortunately for some shareholders, the Criteo S.A. ( NASDAQ:CRTO ) share price has dived 27% in the last thirty days...
分析記事 • May 04

Does Criteo (NASDAQ:CRTO) Deserve A Spot On Your Watchlist?

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
分析記事 • Apr 15

Is Criteo (NASDAQ:CRTO) A Risky Investment?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Seeking Alpha • Mar 13

Criteo: Steady Growth With Retail Media Potential

Summary Criteo is poised for a 15% return with a price target of $40.6, driven by growth in its Retail Media and AI-based solutions. Despite recent volatility and macro-driven challenges, I maintain a buy rating on CRTO due to improved fundamentals and strategic share repurchases. FY 2024 saw a slight revenue decline but improved net margins and operating cash flow, with significant cash allocated for share repurchases. Key growth catalysts include the adoption of Commerce Go and Retail Media expansion, while competition from Amazon poses a manageable risk. Read the full article on Seeking Alpha
分析記事 • Mar 05

Criteo S.A.'s (NASDAQ:CRTO) Subdued P/E Might Signal An Opportunity

There wouldn't be many who think Criteo S.A.'s ( NASDAQ:CRTO ) price-to-earnings (or "P/E") ratio of 18.2x is worth a...
分析記事 • Feb 15

We Like The Quality Of Criteo's (NASDAQ:CRTO) Earnings

Criteo S.A. ( NASDAQ:CRTO ) announced a healthy earnings result recently, and the market rewarded it with a strong...
分析記事 • Jan 10

Criteo (NASDAQ:CRTO) Has A Rock Solid Balance Sheet

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Seeking Alpha • Dec 18

Criteo S.A.: Still Worth Investing In

Summary Criteo S.A. offers a promising entry into digital advertising growth, despite challenges, with strategic partnerships and expanding retail media presence. The stock is undervalued with a forward P/E ratio of 28.34 and EV/EBITDA of 6.18, suggesting potential upside. I rate CRTO as a soft buy, recommending close monitoring of Q4 and FY24 reports for revenue growth and financial improvements. I am an investment analyst who provides insights on income and investment opportunities. Read the full article on Seeking Alpha
分析記事 • Nov 15

Is Now An Opportune Moment To Examine Criteo S.A. (NASDAQ:CRTO)?

Criteo S.A. ( NASDAQ:CRTO ), might not be a large cap stock, but it saw a double-digit share price rise of over 10% in...
分析記事 • Oct 28

Getting In Cheap On Criteo S.A. (NASDAQ:CRTO) Is Unlikely

With a median price-to-sales (or "P/S") ratio of close to 0.9x in the Media industry in the United States, you could be...
分析記事 • Oct 10

These 4 Measures Indicate That Criteo (NASDAQ:CRTO) Is Using Debt Safely

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
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新しいナラティブ • Sep 09

Decisive Partnerships And AI Propel Growth Amid Challenges

Enhanced advertising capabilities due to Google's revised cookie policy and partnerships with companies like Microsoft could improve Criteo's revenue and market position.
Seeking Alpha • Aug 21

Criteo: Riding Retail Media Advertising Tailwinds

Summary Shares have nearly doubled this year following solid performance in the underlying business. I anticipate its retail media segment to grow above 15% until 2026, supported by multiple client wins and strategic partnerships. Overall growth is expected to approach 10% through 2026, with adjusted EBITDA margins increasing from 32% this year to 35% by 2026. Shares are close to fully valued at 15.2 times FCF, especially considering the high stock-based compensation. Read the full article on Seeking Alpha
分析記事 • Aug 11

Is It Too Late To Consider Buying Criteo S.A. (NASDAQ:CRTO)?

Criteo S.A. ( NASDAQ:CRTO ), might not be a large cap stock, but it saw a significant share price rise of 35% in the...
分析記事 • Jul 24

Subdued Growth No Barrier To Criteo S.A. (NASDAQ:CRTO) With Shares Advancing 26%

The Criteo S.A. ( NASDAQ:CRTO ) share price has done very well over the last month, posting an excellent gain of 26...
分析記事 • Jun 19

We Discuss Why Criteo S.A.'s (NASDAQ:CRTO) CEO Compensation May Be Closely Reviewed

Key Insights Criteo's Annual General Meeting to take place on 25th of June Total pay for CEO Megan Clarken includes...
Seeking Alpha • May 17

Criteo: Good Momentum, But Still Undervalued

Summary Criteo is transitioning into a fast-growing adtech software provider, with strong share price momentum and potential for a material re-rating of valuation multiples. CRTO's historical reliance on cookies for ad targeting led to declining revenue in recent years, but it is successfully pivoting into alternative solutions. Demonstrated strong top-line growth and stable profitability deserve a significantly higher valuation than the current level. Read the full article on Seeking Alpha
分析記事 • May 08

We Think Criteo (NASDAQ:CRTO) Can Manage Its Debt With Ease

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

収支内訳

Criteo の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。

収益と収入の歴史

NasdaqGS:CRTO 収益、費用、利益 ( )USD Millions
日付収益収益G+A経費研究開発費
31 Mar 261,918114569290
31 Dec 251,945145560281
30 Sep 251,957168546260
30 Jun 251,946137546286
31 Mar 251,935142537266
31 Dec 241,933112545272
30 Sep 241,947101534257
30 Jun 241,957102528234
31 Mar 241,95472519242
31 Dec 231,94953524239
30 Sep 231,9488532263
30 Jun 231,9257533243
31 Mar 231,951-23602217
31 Dec 222,0179583188
30 Sep 222,10667608168
30 Jun 222,16884585160
31 Mar 222,224133498156
31 Dec 212,254134478152
30 Sep 212,262106454119
30 Jun 212,22488447114
31 Mar 212,11079438108
31 Dec 202,07372447133
30 Sep 202,06468456115
30 Jun 202,11682472127
31 Mar 202,20787499141
31 Dec 192,26291521153
30 Sep 192,27987521157
30 Jun 192,28585525158
31 Mar 192,29488523161
31 Dec 182,30089525160
30 Sep 182,304104520167
30 Jun 182,339106525169
31 Mar 182,34499526165
31 Dec 172,29791518159
30 Sep 172,18978502151
30 Jun 172,04971473137
31 Mar 171,91578442124
31 Dec 161,79982409112
30 Sep 161,62981377107
30 Jun 161,5387235599
31 Mar 161,4306433789
31 Dec 151,3236031879
30 Sep 151,3434833177
30 Jun 151,2285630768

質の高い収益: CRTOは 高品質の収益 を持っています。

利益率の向上: CRTOの現在の純利益率 (6%)は、昨年(7.4%)よりも低くなっています。

フリー・キャッシュフローと収益の比較

過去の収益成長分析

収益動向: CRTOの収益は過去 5 年間で年間12.9%増加しました。

成長の加速: CRTOは過去 1 年間の収益成長がマイナスであったため、5 年間の平均と比較することはできません。

収益対業界: CRTOは過去 1 年間で収益成長率がマイナス ( -19.5% ) となったため、 Media業界平均 ( 5% ) と比較することが困難です。

株主資本利益率

高いROE: CRTOの 自己資本利益率 ( 10.1% ) は 低い とみなされます。

総資産利益率

使用総資本利益率

過去の好業績企業の発掘

7D

1Y

7D

1Y

7D

1Y

企業分析と財務データの現状

データ最終更新日（UTC時間）
企業分析2026/05/20 11:07
終値2026/05/20 00:00
収益2026/03/31
年間収益2025/12/31

データソース

企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。

パッケージデータタイムフレーム米国ソース例
会社財務10年
  • 損益計算書
  • キャッシュ・フロー計算書
  • 貸借対照表
アナリストのコンセンサス予想+プラス3年
  • 予想財務
  • アナリストの目標株価
市場価格30年
  • 株価
  • 配当、分割、措置
所有権10年
  • トップ株主
  • インサイダー取引
マネジメント10年
  • リーダーシップ・チーム
  • 取締役会
主な進展10年
  • 会社からのお知らせ

* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。

特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。

分析モデルとスノーフレーク

本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。

シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。

業界およびセクターの指標

私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。

アナリスト筋

Criteo S.A. 10 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。30

アナリスト機関
Rocco StraussArete Research Services LLP
Richard KramerArete Research Services LLP
Mark ZgutowiczBenchmark Company