Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €16.30, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 13x in the Media industry in Germany. Total loss to shareholders of 47% over the past three years. New Risk • Jun 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 15% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (8.5% average weekly change). Announcement • Apr 30
Criteo S.A., Annual General Meeting, Jun 29, 2026 Criteo S.A., Annual General Meeting, Jun 29, 2026. Location: 32 rue blanche, 75009 paris, France Announcement • Apr 22
Criteo S.A. to Report Q1, 2026 Results on May 06, 2026 Criteo S.A. announced that they will report Q1, 2026 results on May 06, 2026 Announcement • Mar 31
Criteo Expands Go with Full Self-Service Access to Its Ai-Powered Performance Platform Criteo announced the expansion of its GO platform with full self-service access for small and mid-sized businesses (SMBs) and growth-stage commerce brands. Criteo GO enables advertisers to independently create an account, enter billing details, and launch campaigns in as few as five clicks. By expanding access to Criteo's AI-powered performance capabilities, the company can scale to a wider advertiser base while delivering measurable outcomes across the shopper journey. Designed to simplify activation and dynamically allocate budgets across channels, Criteo GO unifies display, video, native, and social within a single campaign environment. The platform automatically optimizes spend to drive the best outcome, while built-in generative AI creative tools produce and adapt ad formats, including video, to maintain consistent, high-performing messaging across channels. GO campaigns have already demonstrated strong performance in the market. Campaigns that include social activation deliver more than 20% higher return on ad spend (ROAS) compared to traditional configurations. This performance has contributed to increased advertiser investment and lower churn, reinforcing Criteo GO's role as a durable growth driver for the company. As consumer touchpoints fragment across platforms, channels, and devices, many legacy tools remain confined to closed ecosystems, limiting reach and transparency for marketers. Criteo GO addresses this challenge by harnessing the scale of its global commerce data, including 740 million daily shoppers, $1T in annual transactions, and 5 billion product SKUs to help brands engage high-intent consumers wherever they discover and shop online. Criteo GO's Onboarding Agent is available, marking a significant step forward in advancing Criteo's agentic capabilities. By forecasting results and automatically configuring key parameters, the Onboarding Agent reflects Criteo's vision of an AI-powered ecosystem where campaigns are not only automated but intelligently guided from launch to scale. Criteo GO's self-service capabilities are now available in the U.S. and U.K., with plans to expand to other markets later this year. Announcement • Feb 05
Criteo Introduces Agentic Commerce Recommendation Service to Power AI Shopping Assistants Criteo introduced its Agentic Commerce Recommendation Service, designed to power AI shopping assistants with accurate, relevant product recommendations built on Criteo's commerce intelligence. LM platforms are rapidly evolving into AI shopping assistants, while retailers develop their own AI chatbots,encing how consumers discover, compare, and purchase products online. As these AI-driven shopping experiences scale, AI assistants need a commerce-grade recommendation infrastructure that drives outcome-based relevancy by accessing real shopping behavior, not just publicly available product descriptions, to deliver the trusted and personalized results that consumers expect. This approach builds on Criteo's previously published agentic commerce vision. Built on Criteo's Commerce intelligence, its Agentic Commerce Recommendation service delivered up to a 60% improvement in recommendation relevancy compared to third-party approaches based only on product descriptions in Criteo's testing 1. This performance is enabled by the company's unmatched scale of 720 million daily shoppers, $1T in annual transactions, and 4.5 billion product SKUs. The service is available through Criteo's Model Context Protocol (MCP) and directly connects AI-powered shopping assistants with merchant inventory, translating consumer shopping queries into curated, transaction-ready product recommendations. It enables AI assistants to surface the most relevant products for each individual consumer by applying real-world shopping and purchase signals that cannot be accessed through traditional c sprawling tactics. AI assistant query: The AI assistant queries Criteo's Agentic Commerce Recommendation Service to identify relevant products. Commerce intelligence-powered filtering: Criteo applies real-world shopping and purchase signal to filter and rank products based on what is most relevant for that individual consumer, considering nuances such as product popularity, availability, and user intent. Curated results: Criteo returns a curated shortlist of product recommendations, rather than raw catalog data. Announcement • Jan 21
Criteo S.A. to Report Q4, 2025 Results on Feb 11, 2026 Criteo S.A. announced that they will report Q4, 2025 results Pre-Market on Feb 11, 2026 Announcement • Oct 29
Criteo Appoints Edouard Dinichert as Chief Customer Officer, Effective December 1, 2025 Criteo announced the appointment of Edouard Dinichert as Chief Customer Officer, effective December 1, 2025. In this role based in New York City, Dinichert will report directly to Chief Executive Officer Michael Komasinski and will lead global sales and operations for Criteo's Performance Media business. He will focus on accelerating growth and strengthening commercial excellence, while ensuring that client success remains central to Criteo's approach. His appointment underscores the Company's continued commitment to advancing client success and driving performance-led innovation globally. Dinichert brings more than 20 years of industry experience leading global revenue organizations that bridge creativity, data, and performance. He most recently served as Chief Revenue Officer at TripleLift and was one of the three executives who led the Office of the CEO from July 2024 to January 2025. At TripleLift, he scaled the company's creative supply-side platform (SSP) offerings across retail media, CTV, and data-driven curation. Earlier, he spent over a decade at Amazon, where he launched and led Amazon Advertising in France and then built its global Ad Tech Sales & Services organization, encompassing Amazon DSP, Amazon Ad Server (formerly Sizmek), and Amazon Marketing Cloud adoption and growth. Working closely with AWS and cross-functional teams, he advanced privacy-aware solutions that connected CRM, media, and analytics, while fostering API-first innovation with agencies and partners. Announcement • Oct 15
Criteo S.A. to Report Q3, 2025 Results on Oct 29, 2025 Criteo S.A. announced that they will report Q3, 2025 results on Oct 29, 2025 Announcement • Aug 26
Criteo Announces the Promotion of Connor McGogney to Chief Strategy Officer Criteo announced the promotion of Connor McGogney to Chief Strategy Officer. McGogney previously served as Chief Business Development Officer, leading the company's global partnerships and corporate development efforts. Since joining Criteo in 2018, McGogney has been instrumental in advancing the company's growth through strategic partnerships and acquisitions. He played a central role in building Criteo's partnership ecosystem and oversaw the acquisition of several retail media acquisitions and of Iponweb, which significantly enhanced the company's platform capabilities and reinforced its leadership in commerce media. As Chief Strategy Officer, McGogney will continue to oversee partnerships and corporate development as well as Criteo's corporate strategy and long-term growth agenda. He will work closely with leaders across the organization to identify new growth opportunities, deepen Criteo's market positioning, and leverage AI-driven innovation to strengthen Criteo's role as the preferred partner in the commerce ecosystem. Prior to joining Criteo, McGogney served as Vice President, Global M&A and Corporate Development at Nielsen, and earlier as Vice President, Media and Technology Investment Banking at Credit Suisse. Announcement • Jul 30
Criteo Announces Executive Changes Criteo announced the appointment of two seasoned leaders to expanded executive roles to advance its strategic priorities, effective immediately. Todd Parsons, who joined Criteo in August 2020 as Chief Product Officer, will assume the expanded role of Chief Product Officer and President, Performance Media. He will oversee Criteo's Performance Media business to deliver AI-driven, full-funnel, cross-channel, self-service activation solutions that enhance every consumer interaction. During the last five years, Parsons has played a pivotal role in driving Criteo's AI and data innovation and shaping its transformation into a multi-product, outcome-based Commerce Media platform. Prior to joining Criteo, Parsons served as Chief Product Officer at OpenX and Chief Product Officer at SocialCode. He brings deep data expertise from his time at Acxiom, where he led the Marketing Services business and oversaw first- and third-party data strategy and activation for leading global brands, and earlier founded two startups, Aditive (acquired by Axciom in 2014) and BuzzLogic. Sherry Smith, formerly Executive Managing Director, Americas, has been promoted to President, Retail Media. She will lead the execution of Criteo's Retail Media ambitions to further advance its leadership in this fast-growing channel through scalable monetization solutions and best-in-class, AI-powered technology. Smith has been at the forefront of Retail Media since its earliest days. Since joining Criteo in June 2020, Smith has been a driving force behind the Company's expansion into a Retail Media powerhouse and has spearheaded several major retailer collaborations. Previously, Smith served as the Chief Executive Officer of Triad Retail Media, GroupM's Retail Media specialist company. Like Todd Parsons, Sherry Smith will report directly to Michael Komasinski, Chief Executive Officer. Announcement • Jul 24
Criteo Appoints Wilfried Schobeiri as Senior Vice President, Head of Product, Performance Media Criteo announced the appointment of Wilfried Schobeiri as Senior Vice President, Head of Product, Performance Media, reporting to Chief Product Officer Todd Parsons. Schobeiri will lead Criteo's global efforts to accelerate the evolution of its performance media offerings into a full-funnel, cross-channel, self-service platform for the world's leading marketers. With more than two decades of experience building global technology organizations and scaling product development teams, Schobeiri brings deep programmatic expertise and a strong foundation in data-driven advertising. Prior to joining Criteo, Schobeiri served as Chief Technology Officer at Ogury, a global adtech company, and Banyan, a fintech and data infrastructure company. He also held senior roles as SVP and Chief Product Officer at Revantage, leading the development of Blackstone's global real estate data platform. Earlier in his career, Schobeiri served as Chief Technology Officer and Chief Product Officer at MediaMath, where he helped shape the company's global product and technology strategy. A recognized industry leader, Schobeiri was a board member of the IAB Tech Lab and played a key role in the development of the IAB Europe Transparency & Consent Framework. He continues to lend his expertise as an advisor to several adtech and data companies, including Ocient, Ergatta, and Truthset. Announcement • Jul 16
Criteo S.A. to Report Q2, 2025 Results on Jul 30, 2025 Criteo S.A. announced that they will report Q2, 2025 results on Jul 30, 2025 Announcement • Jul 02
Criteo S.A Announces Resignation of Brian Gleason as Chief Revenue Officer and President, Retail Media, Effective July 29, 2025 On June 27, 2025, Brian Gleason notified Criteo S.A. of his decision to resign as Chief Revenue Officer and President, Retail Media, effective July 29, 2025 to pursue a chief executive officer opportunity at a private company. The Company remains fully confident in its execution and strategy and will announce its financial results for the second quarter ended June 30, 2025, on Wednesday, July 30, 2025. Announcement • Jun 18
Criteo Debuts Auction-Based Display Ads to Help Clients Unlock More Value in Retail Media Criteo announced the launch of its Auction-Based Display technology, bringing programmatic flexibility into retail media environments and helping to propel the industry forward. This advancement, paired with Criteo's full suite of ad formats, empowers brands to inspire product discovery and buy retail media in a way that best suits their needs. Criteo's Auction-Based Display technology is purpose-built for the unique dynamics of retail environments, helping leading players like Costco, Shipt and soon to come Albertsons Media Collective bolster their media offerings with biddable trading optionality, flexible pricing, streamlined and efficient workflows, and advanced controls for ad relevancy. By complementing existing reservation-based deals with auction-based buy types, retailers and marketplaces can also unlock new monetization opportunities and access national media budgets. Unlike traditional publisher sites, retail platforms demand highly relevant and timely ads. Criteo's auction-Based Display technology adds a new buying option alongside fixed pricing, allowing advertiser-driven bidding that better reflects real-time category dynamics and seasonal demand. Combined with advanced controls for ad relevancies, this approach helps retailers maximize yield on high-demand placements while staying competitive across the ecosystem. Advertisers also benefit from standardized campaign execution and measurement across Sponsored Products, Display, and Video--all within a single platform--making it easier to optimize multi-retailer campaigns at scale. Announcement • Apr 23
Criteo S.A. Introduces Onsite Video to Its Retail Media Mix Criteo S.A. announced the general availability of its Onsite Video solution for retail media. This innovative offering integrates shoppable video ad formats directly into the digital storefronts of Criteo's retailer partners, including Albertsons®? Companies Inc., Costco, Walmart Mexico, and a growing network of other top retailers. The new solution enables brands and advertisers to seamlessly bridge storytelling and sales at the point of purchase, driving both brand affinity and conversions. With the introduction of Onsite Video, Criteo now offers a comprehensive, full-funnel onsite advertising suite, combining Video, Display and Sponsored Product ad formats in one unified platform. This expansion further strengthens Criteo's position as the go-to platform for performance-driven commerce media, while also providing brands and agencies new ways to influence shoppers higher in the marketing funnel. Research reveals that onsite retail media can generate up to 70% in gross margins, making it a valuable revenue stream for retailers. For advertisers, it engages high-intent shoppers with dynamic content at critical purchase decision-making moments. When combined with Display and Sponsored Products ads, Onsite Video has shown a 5.6x lift in new-to-brand customers, highlighting its impact in full-funnel strategies focused on expanding reach, driving awareness and acquiring new customers. Early adopters are already unlocking the full potential of Onsite Video as part of holistic, full-funnel campaigns. Albertsons Media Collective®?, the retail media arm for Albertsons Cos., is a beta partner for Onsite Video and saw standout results in a test campaign where shoppers exposed to both Onsite Video and Sponsored Products delivered a 280% increase in click-through rates, signaling deeper engagement. When paired with Sponsored Product ads, Onsite Video also drove a 460% lift in sales, reinforcing its value in influencing purchase decisions and connecting brands with new audiences. Announcement • Apr 16
Criteo S.A. to Report Q1, 2025 Results on May 02, 2025 Criteo S.A. announced that they will report Q1, 2025 results on May 02, 2025 Announcement • Apr 14
Criteo S.A., Annual General Meeting, Jun 13, 2025 Criteo S.A., Annual General Meeting, Jun 13, 2025. Location: 32 rue blanche, 75009 paris, France Announcement • Apr 11
Criteo S.A. Announces Board Changes Criteo S.A. named Frederik (Rik") van der Kooi Chairperson of the Board of Directors (the Board"). Van der Kooi has served as a member of Criteo's Board since June 2023. He succeeds Rachel Picard, who has served as Chairperson for the past five years and will continue service as a director. Criteo has also nominated Stefanie Jay to stand for election to its Board as a new independent director at Criteo's 2025 Annual General Meeting of Shareholders (AGM"). Hubert de Pesquidoux, a Board member and Chairperson of the Audit Committee since 2012, has informed the Board that he will not stand for reelection. With the election of Jay at the AGM, the Board will be comprised of eight directors, seven of whom are considered independent, and four of whom have been added over the last five years. Van der Kooi is an accomplished senior leader with deep digital advertising expertise and extensive executive experience. He most recently served as a Corporate Vice President at Microsoft, where he led its digital advertising business, spanning search, display, native, retail media and video offerings, for over a decade. In this role, he led strategy, sales, marketing and partnerships globally, scaling Microsoft's advertising business to $10 billion. Van der Kooi previously served as Chief Operating Officer of Microsoft's Online Services Division, leading acquisitions and integrations of PromoteIQ in retail media, Xandr and others. Van der Kooi served on the Board of Directors of the Interactive Advertising Bureau (IAB) in the United States, including as Chairman from 2019 through 2021. Jay brings nearly 20 years of experience across omnichannel retail, eCommerce, and digital marketplaces and most recently served as Senior Vice President and Chief Business and Strategy Officer at eBay. Previously, Jay served as Vice President and General Manager at Walmart Media Group (now Walmart Connect), where she transformed its advertising technology stack, grew revenue more than 7X and significantly scaled its retail media platform and operations. She also spearheaded global M&A and business development initiatives at Walmart, including the acquisition of Jet.com and securing strategic partnerships with JD.com, Uber, Lyft, and Google. Earlier in her career, Jay spent over a decade at Goldman Sachs, where she held leadership roles in investment banking and client strategy, including in its Consumer Retail Group. Announcement • Jan 22
Criteo S.A. to Report Q4, 2024 Results on Feb 05, 2025 Criteo S.A. announced that they will report Q4, 2024 results on Feb 05, 2025 Reported Earnings • Nov 03
Third quarter 2024 earnings released: EPS: US$0.11 (vs US$0.12 in 3Q 2023) Third quarter 2024 results: EPS: US$0.11 (down from US$0.12 in 3Q 2023). Revenue: US$458.9m (down 2.2% from 3Q 2023). Net income: US$6.25m (down 9.8% from 3Q 2023). Profit margin: 1.4% (in line with 3Q 2023). Revenue is expected to decline by 14% p.a. on average during the next 3 years, while revenues in the Media industry in Germany are expected to grow by 5.9%. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €30.80, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 13x in the Media industry in Germany. Total loss to shareholders of 13% over the past three years. Announcement • Oct 16
Criteo S.A. to Report Q3, 2024 Results on Oct 30, 2024 Criteo S.A. announced that they will report Q3, 2024 results on Oct 30, 2024 Announcement • Oct 09
Criteo Announces Partnership with Belk Inc. to Launch its Retail Media Arm, the Belk Media Network Criteo announced a partnership with Belk Inc. to launch its retail media arm, the Belk Media Network. The partnership offers national brands across the apparel, accessories, beauty and home categories the opportunity to increase awareness and sales on Belk's owned-and-operated properties. The retailer will utilize sponsored products and onsite display, with plans to expand to additional formats in 2025. Access to Criteo's technology and Belk's first-party data will allow brands and agencies to target a unique audience segment of high-earning, predominately women shoppers. In anticipation of another busy holiday shopping season where shoppers have less purchasing power, retail media offers a competitive advantage, allowing for advertisers to reach and activate high-intent consumers amidst a heightened demand for deals. Belk serves customers at nearly 300 stores and Belk Outlet locations spanning across 16 Southeastern states and boasts a strong digital presence. Belk Media Network launches as retail media continues to scale at a rapid pace. With the category expected to surpass $231 billion by 2030, Belk is the latest company to capitalize on the opportunity by joining Criteo's network of 225 global retailer and marketplace partners. Belk is harnessing Criteo's retailer monetization platform, Commerce Yield to optimize monetization opportunities and provide brands and agencies access to its inventory and data for display and sponsored product campaigns. Brands and agencies can also plan, activate, and report on campaigns in real-time and with closed-loop reporting via Criteo's demand-side platform, Commerce Max for a seamless experience that drives performance across the buyer journey. Recent Insider Transactions • Sep 15
Chief Legal & Transformation Officer recently sold €297k worth of stock On the 12th of September, Ryan Damon sold around 7k shares on-market at roughly €40.18 per share. This transaction amounted to 5.7% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €456k. Insiders have been net sellers, collectively disposing of €5.4m more than they bought in the last 12 months. Recent Insider Transactions • Aug 28
CEO & Director recently sold €409k worth of stock On the 26th of August, Megan Clarken sold around 9k shares on-market at roughly €44.03 per share. This transaction amounted to 1.8% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €765k. Megan has been a net seller over the last 12 months, reducing personal holdings by €2.2m. Reported Earnings • Aug 02
Second quarter 2024 earnings released: EPS: US$0.49 (vs US$0.051 loss in 2Q 2023) Second quarter 2024 results: EPS: US$0.49 (up from US$0.051 loss in 2Q 2023). Revenue: US$471.3m (flat on 2Q 2023). Net income: US$27.0m (up US$29.9m from 2Q 2023). Profit margin: 5.7% (up from net loss in 2Q 2023). Revenue is expected to decline by 18% p.a. on average during the next 3 years, while revenues in the Media industry in Germany are expected to grow by 5.7%. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Announcement • Jul 26
Criteo Announces Senior Executive Promotions Criteo announced the promotion of key leaders to further propel growth and continue building momentum in Retail Media and Performance Media, effective immediately. Brian Gleason, who joined Criteo in April 2022 as Chief Revenue Officer, will assume the expanded role of Chief Revenue Officer and President, Retail Media. He will oversee the end-to-end execution of Retail Media ambitions, driving even greater efficiency and agility, and further advancing Criteo's market presence and leadership in the fastest-growing channel in digital advertising. He will also continue to lead the company's global commercial organization, driving top-line growth and expanding new client opportunities. Prior to joining Criteo, Gleason was Global Chief Commercial Officer of GroupM, a WPP subsidiary. He also served as CEO of Xaxis, one of the world's largest programmatic audience platforms, and in senior roles at various advertising and technology companies that enjoyed significant growth under his leadership. Ryan Damon, formerly Chief Legal and Corporate Affairs Officer, will assume the expanded role of Chief Legal and Transformation Officer. In addition to overseeing the company's legal, compliance and public affairs, his new responsibilities will cover transformation initiatives to further drive Criteo's Commerce Media Platform vision and execution roadmap, including Criteo's trading infrastructure and custom capabilities. Prior to joining Criteo in 2018, Damon served as Senior Vice President, General Counsel and Secretary at Riverbed Technology where he led legal and corporate development. He has also held senior legal roles at Charles Schwab and was an attorney with the law firm of Gunderson Dettmer in Silicon Valley, representing start-up technology companies and venture capital investors. Connor McGogney, formerly Executive Vice President, Corporate Development, has been promoted to Chief Business Development Officer. Since joining Criteo in 2018, McGogney has been instrumental in shaping Criteo's acquisition and business transformation strategy. As part of the senior leadership team, he will play a central role in driving the company's growth strategy including mergers and acquisitions and forging strategic partnerships to further advance Criteo's global market position. Previously, McGogney was Vice President, Global M&A and Corporate Development at Nielsen. He also served as Vice President, Media and Technology Investment Banking at Credit Suisse. In addition to Brian Gleason and Ryan Damon, Connor McGogney will report directly to Megan Clarken, Chief Executive Officer. Announcement • Jul 18
Criteo S.A. to Report Q2, 2024 Results on Aug 01, 2024 Criteo S.A. announced that they will report Q2, 2024 results on Aug 01, 2024 Recent Insider Transactions • Jun 02
Chief Legal & Corporate Affairs Officer recently sold €765k worth of stock On the 29th of May, Ryan Damon sold around 21k shares on-market at roughly €36.45 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €4.8m more than they bought in the last 12 months. Recent Insider Transactions • May 08
Chief Legal & Corporate Affairs Officer recently sold €746k worth of stock On the 6th of May, Ryan Damon sold around 22k shares on-market at roughly €34.45 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €1.1m. Insiders have been net sellers, collectively disposing of €4.3m more than they bought in the last 12 months. New Risk • May 06
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 20% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Significant insider selling over the past 3 months (€1.9m sold). Reported Earnings • May 02
First quarter 2024 earnings released: EPS: US$0.13 (vs US$0.21 loss in 1Q 2023) First quarter 2024 results: EPS: US$0.13 (up from US$0.21 loss in 1Q 2023). Revenue: US$450.1m (up 1.1% from 1Q 2023). Net income: US$7.24m (up US$19.1m from 1Q 2023). Profit margin: 1.6% (up from net loss in 1Q 2023). The move to profitability was primarily driven by lower expenses. Revenue is expected to decline by 18% p.a. on average during the next 3 years, while revenues in the Media industry in Germany are expected to grow by 5.1%. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • Apr 20
Criteo S.A. to Report Q1, 2024 Results on May 02, 2024 Criteo S.A. announced that they will report Q1, 2024 results on May 02, 2024 Announcement • Feb 28
Petrus Advisers Issues a Letter to Criteo SA On February 27, 2024, Petrus Advisers announced that it sent a letter on February 22, 2024 asking Criteo SA to (i) prepare an investor day as soon as possible to explain its Retail Media strategy and a new mid-term plan, (ii) accelerate the existing share buyback by means of a substantial self-tender of up to $150 million, (iii) no later than Q4 2024, initiate a comprehensive strategic review, including to evaluate all ownership options, and (iv) refresh the board of directors of the Company by adding independent candidates whom the Petrus Advisers will propose, with the aim of strengthening capital markets acumen and industry experience. Petrus Advisers further seek to engage in a dialogue with the Company’s managers and Board members to maximize ADS and shareholder value. Petrus Advisers may also seek to communicate with shareholders and other third parties about such discussions and strategy. Depending on the evolution of the market for the ADS, as well as the outcome of (i) Petrus Advisers discussions with the Company’s managers and Board members (ii) the publication of the Letter, and (iii) the change, if any, in the Company’s strategy, Petrus Advisers may seek to obtain the appointment of new Board members, or the dismissal of existing Board members, at the Company’s next general meeting. Recent Insider Transactions • Feb 27
CEO & Director recently sold €1.1m worth of stock On the 26th of February, Megan Clarken sold around 37k shares on-market at roughly €30.13 per share. This transaction amounted to 7.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Megan has been a net seller over the last 12 months, reducing personal holdings by €4.9m. Reported Earnings • Feb 26
Full year 2023 earnings released: EPS: US$0.95 (vs US$0.15 in FY 2022) Full year 2023 results: EPS: US$0.95 (up from US$0.15 in FY 2022). Revenue: US$1.95b (down 3.3% from FY 2022). Net income: US$53.3m (up 495% from FY 2022). Profit margin: 2.7% (up from 0.4% in FY 2022). Revenue is expected to decline by 21% p.a. on average during the next 3 years, while revenues in the Media industry in Germany are expected to grow by 4.1%. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. New Risk • Feb 08
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 38% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Significant insider selling over the past 3 months (€527k sold). Reported Earnings • Feb 08
Full year 2023 earnings released: EPS: US$0.95 (vs US$0.15 in FY 2022) Full year 2023 results: EPS: US$0.95 (up from US$0.15 in FY 2022). Revenue: US$1.95b (down 3.3% from FY 2022). Net income: US$53.3m (up 495% from FY 2022). Profit margin: 2.7% (up from 0.4% in FY 2022). The increase in margin was driven by lower expenses. Revenue is expected to decline by 2.0% p.a. on average during the next 3 years, while revenues in the Media industry in Germany are expected to grow by 4.1%. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Jan 25
Criteo S.A. to Report Q4, 2023 Results on Feb 07, 2024 Criteo S.A. announced that they will report Q4, 2023 results on Feb 07, 2024 Recent Insider Transactions • Dec 06
Chief Legal & Corporate Affairs Officer recently sold €202k worth of stock On the 4th of December, Ryan Damon sold around 9k shares on-market at roughly €22.99 per share. This transaction amounted to 7.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €8.0m more than they bought in the last 12 months. Reported Earnings • Nov 03
Third quarter 2023 earnings released: EPS: US$0.12 (vs US$0.11 in 3Q 2022) Third quarter 2023 results: EPS: US$0.12 (up from US$0.11 in 3Q 2022). Revenue: US$469.2m (up 5.0% from 3Q 2022). Net income: US$6.93m (up 5.3% from 3Q 2022). Profit margin: 1.5% (in line with 3Q 2022). Revenue is expected to decline by 13% p.a. on average during the next 3 years, while revenues in the Media industry in Germany are expected to grow by 5.6%. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Announcement • Oct 20
Criteo S.A. to Report Q3, 2023 Results on Nov 02, 2023 Criteo S.A. announced that they will report Q3, 2023 results on Nov 02, 2023 Announcement • Sep 20
Criteo Appoints Mohit H Chablani as Head of Sales - Enterprise, India Criteo appointed Mohit H Chablani as the Head of Sales - Enterprise, India. In this role, he will be responsible to carve out the next phase of growth for the India region. Criteo's commerce media platform helps maximize returns and earn more revenue. Brands benefit from the only unified platform that directly connects advertisers with retailers and publishers to drive commerce on the open internet. Prior to joining Criteo, Mohit worked as Associate Director - Sales at Affinity Inc. (mCanvas), where he was responsible for revenue generation for the South and East region and was instrumental in significantly growing the South region and creating + growing the digital branding business in the East region. Mohit is a professional and sales leader with an experience of more than 17+ years in sales. His prior candidature includes Gameloft, an established and leading mobile video games developer worldwide; Zedo (acquired by Discovery) was a US and India-based advertising technology company that provided several online advertising products and services to Internet publishers, advertisers, and agencies and Directi (Media.net) comprises of a group of tech businesses. Announcement • Sep 13
Criteo Launches Commerce Max DSP into General Availability and Announces Next-Gen Retailer Monetization Solution Suite Criteo announced the general availability of its self-service demand-side platform (DSP), Commerce Max, giving brands and agencies a single point of entry to retail media inventory onsite and across premium publishers offsite. Complementing Commerce Max, Criteo is also expanding its retailer monetization solution suite, offering retailers the means to tap previously unattainable demand by paving the way for the integration of marketplace and in-store monetization technologies. Retail media has proven extremely successful for retailers looking to grow additional revenue streams and brands and agencies looking to engage consumers actively in a buying mindset. Until now, however, fragmentation across the industry has held retailers, brands and agencies back from reaching their full potential with retail media. Commerce Max entered market testing in 2022 with leading consumer electronics retailer, Best Buy, and the world's foremost media investment company, GroupM, as exclusive Alpha partner. Over this period, Commerce Max enrolled 10 retailers including Best Buy, Macy's and Shipt. Retailers who have completed campaigns have more than doubled conversion rates on average when running both onsite and offsite advertising though the platform. Now in general availability, brands and agencies across the globe can use Commerce Max to access data and inventory across multiple retailers and marketplaces, finding valuable audiences on these sites and extending these audiences offsite. This is underpinned by closed-loop measurement, enabling advertisers to quickly and efficiently determine the effectiveness of campaigns and optimize accordingly. Board Change • Sep 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 8 experienced directors. 2 highly experienced directors. Observer & Independent Director Frederik van der Kooi was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Aug 30
Chief Legal & Corporate Affairs Officer recently sold €231k worth of stock On the 29th of August, Ryan Damon sold around 9k shares on-market at roughly €26.66 per share. This transaction amounted to 6.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €9.3m more than they bought in the last 12 months. Reported Earnings • Aug 03
Second quarter 2023 earnings released: US$0.051 loss per share (vs US$0.56 loss in 2Q 2022) Second quarter 2023 results: US$0.051 loss per share (improved from US$0.56 loss in 2Q 2022). Revenue: US$468.9m (down 5.3% from 2Q 2022). Net loss: US$2.88m (loss narrowed 91% from 2Q 2022). Revenue is expected to decline by 12% p.a. on average during the next 3 years, while revenues in the Media industry in Germany are expected to grow by 4.7%. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 38% per year, which means it is well ahead of earnings. Announcement • Jun 16
Criteo Launches First-Ever Supply-Side Platform Built for Commerce Criteo announced the launch of Commerce Grid, a first-of-its-kind supply-side platform (SSP) purpose-built for agencies and publishers looking to efficiently connect media and commerce with programmatic. Commerce Grid differentiates itself from other SSPs by bringing Criteo's proprietary Commerce Audiences to both buyers and sellers on the supply side for the first time. When packaged with premium inventory, ad buyers can target these audiences—built from Criteo's leading AI technology that analyzes billions of real-time commerce signals—through their preferred demand-side platform (DSP) to engage with potential customers across all channels, devices, and stages of their shopping journey. Publishers also gain access to other Criteo assets, including shoppable formats and commerce insights. According to McKinsey, commerce media has the potential to generate over $1.3 trillion of enterprise value in the United States alone by 2026, with $50 billion up for grabs by publishers. Connecting Agencies with Premium Audiences to Drive Commerce Outcomes: Omnicom Media Group (OMG), the media services division of leading global marketing and corporate communications company Omnicom Group Inc., served as an exclusive agency partner for the launch. Recent Insider Transactions • Jun 08
Chief Legal & Corporate Affairs Officer recently sold €62k worth of stock On the 5th of June, Ryan Damon sold around 2k shares on-market at roughly €31.56 per share. This transaction amounted to 1.4% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €3.0m. Insiders have been net sellers, collectively disposing of €9.1m more than they bought in the last 12 months. Recent Insider Transactions • Jun 02
CEO & Director recently sold €163k worth of stock On the 25th of May, Megan Clarken sold around 5k shares on-market at roughly €29.67 per share. This transaction amounted to 1.3% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €3.0m. Megan has been a net seller over the last 12 months, reducing personal holdings by €4.7m. Recent Insider Transactions • May 14
Chief Legal & Corporate Affairs Officer recently sold €531k worth of stock On the 12th of May, Ryan Damon sold around 18k shares on-market at roughly €29.47 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €3.0m. Insiders have been net sellers, collectively disposing of €8.9m more than they bought in the last 12 months. Reported Earnings • May 03
First quarter 2023 earnings released: US$0.21 loss per share (vs US$0.34 profit in 1Q 2022) First quarter 2023 results: US$0.21 loss per share (down from US$0.34 profit in 1Q 2022). Revenue: US$445.0m (down 13% from 1Q 2022). Net loss: US$11.8m (down 157% from profit in 1Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 4.4% growth forecast for the Media industry in Germany. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 48% per year, which means it is well ahead of earnings. Recent Insider Transactions • Apr 27
CFO & Principal Accounting Officer recently sold €138k worth of stock On the 24th of April, Sarah J. Glickman sold around 5k shares on-market at roughly €27.45 per share. This transaction amounted to 1.9% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €3.0m. Sarah J. has been a net seller over the last 12 months, reducing personal holdings by €1.7m. Recent Insider Transactions • Mar 12
CEO & Director recently sold €3.0m worth of stock On the 10th of March, Megan Clarken sold around 103k shares on-market at roughly €28.85 per share. This transaction amounted to 19% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Megan has been a net seller over the last 12 months, reducing personal holdings by €4.5m. Recent Insider Transactions • Mar 02
Key Executive recently sold €308k worth of stock On the 24th of February, Rachel Picard sold around 10k shares on-market at roughly €30.82 per share. This transaction amounted to 27% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €317k. Rachel has been a net seller over the last 12 months, reducing personal holdings by €625k. Announcement • Feb 13
Criteo Reportedly Explores Sale Criteo S.A. (NasdaqGS:CRTO) is making a new attempt to sell itself after discussions with potential acquirers in previous years proved unsuccessful, according to people familiar with the matter. The Paris-based company, which is listed in New York, kicked off a sale process last week that could attract other companies and private equity firms, one of the sources said. Investment bank Evercore Inc. (EVR.N) is advising Criteo on the process, the sources added. Bloomberg News reported in 2021 that Criteo was fielding takeover interest. It was not immediately clear what prompted the new deal talks. The company has been seeking to reassure shareholders it can overcome challenges to its business of tracking consumer data as iPhone maker Apple Inc. (AAPL.O) and Android developer Google (GOOGL.O) tighten privacy standards on their devices. The sources, who cautioned that no deal is certain, requested anonymity as these discussions are confidential. Criteo declined to comment, while an Evercore spokesperson did not immediately respond to a request for comment. The sale process for Criteo will likely pique the interest of buyout firms that have shown strong interest in audience measurement and analytics companies. In October, Elliott Investment Management's private equity arm and Brookfield Business Partners LP (BBU.N) acquired Nielsen Holdings Plc for $16 billion. Truist analyst Matthew Thornton wrote in a note to clients after the Reuters report that his analysis indicated Criteo could fetch more than $60 per share if it was acquired at the same valuation multiple as Nielsen. Reported Earnings • Feb 09
Full year 2022 earnings released: EPS: US$0.15 (vs US$2.21 in FY 2021) Full year 2022 results: EPS: US$0.15 (down from US$2.21 in FY 2021). Revenue: US$2.02b (down 11% from FY 2021). Net income: US$8.95m (down 93% from FY 2021). Profit margin: 0.4% (down from 6.0% in FY 2021). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 24% p.a. on average during the next 3 years, while revenues in the Media industry in Germany are expected to grow by 5.0%. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 36% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Feb 08
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €32.80, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 13x in the Media industry in Germany. Total returns to shareholders of 165% over the past three years. Announcement • Jan 26
Criteo S.A. to Report Q4, 2022 Results on Feb 08, 2023 Criteo S.A. announced that they will report Q4, 2022 results on Feb 08, 2023 Recent Insider Transactions • Jan 25
CFO & Principal Accounting Officer recently sold €151k worth of stock On the 23rd of January, Sarah J. Glickman sold around 6k shares on-market at roughly €26.63 per share. This transaction amounted to 2.8% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €317k. Sarah J. has been a net seller over the last 12 months, reducing personal holdings by €1.6m. Recent Insider Transactions • Nov 23
Insider recently sold €194k worth of stock On the 22nd of November, Ryan Damon sold around 8k shares on-market at roughly €25.51 per share. This transaction amounted to 5.0% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €1.4m. Insiders have been net sellers, collectively disposing of €4.0m more than they bought in the last 12 months. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. 2 highly experienced directors. CEO & Director Megan Clarken was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 29
Third quarter 2022 earnings released: EPS: US$0.11 (vs US$0.39 in 3Q 2021) Third quarter 2022 results: EPS: US$0.11 (down from US$0.39 in 3Q 2021). Revenue: US$446.9m (down 12% from 3Q 2021). Net income: US$6.58m (down 72% from 3Q 2021). Profit margin: 1.5% (down from 4.6% in 3Q 2021). Revenue is forecast to stay flat during the next 3 years compared to a 5.0% growth forecast for the Media industry in Germany. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Oct 26
CFO & Principal Accounting Officer recently sold €1.4m worth of stock On the 24th of October, Sarah J. Glickman sold around 54k shares on-market at roughly €26.36 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Sarah J.'s only on-market trade for the last 12 months. Announcement • Oct 20
Criteo S.A. to Report Q3, 2022 Results on Oct 28, 2022 Criteo S.A. announced that they will report Q3, 2022 results at 9:30 AM, US Eastern Standard Time on Oct 28, 2022 Announcement • Oct 14
Criteo S.A. Announces Executive Changes Criteo S.A. announced the addition of two key executives to its Americas Client Solutions team. The expanded leadership team will build out Criteo's Commerce Media Platform offerings as the company realigns its sales team to better serve the needs of its two clients: enterprise marketers and growth marketing businesses in the direct-to-consumer and performance marketing spaces. Katie Kulik has joined as Executive Managing Director (EMD), Client Solutions and Courtney Cochrane as Managing Director, Enterprise. Together, they will support Criteo's roster of clients in the U.S., Canada and LATAM as they navigate the evolving commerce media landscape and execute on impactful media campaigns. Kulik brings more than 25 years of experience in digital media and advertising, most recently serving as Chief Revenue Officer of CNET Media Group, a Red Ventures Company. Prior to that role, she was Executive Vice President, Global Digital Ad Sales for CBS where she led digital ad sales and strategy for the full portfolio of CBS's iconic brands. At Criteo, Kulik reports into Gleason and is responsible for driving revenue across the company's enterprise and growth client segments for the Americas. Cochrane also brings 20 years of experience in the advertising and media industry, where she led partnerships, strategy and data monetization efforts for Red Ventures, CBS and CNET Media Group. At Criteo, she is responsible for scaling Criteo's enterprise solutions among enterprise marketers and retailers in the Americas, including Criteo's new demand-side platform, Commerce Max. To round out the new Americas Client Solutions leadership team, Ned Samuelson, previously Vice President of North America Sales will fill the role of Managing Director, Growth. Samuelson has spent nearly a decade at Criteo helping the company grow its client portfolio and evolve its go-to-market strategy. His proven track record and deep company knowledge will be integral to driving positive change in this new role. The company also announced the transition of three senior team members into global leadership roles as part of its larger organizational evolution to maximize client success. Cochrane will report into Sherry Smith, former EMD of Global Retail Media, and new GM of Global Enterprise. Samuelson will report into Rory Mitchell, former EMD of Americas, and new GM of Global Growth. Lastly, Michael Greene, previously Vice President of Retail Media Strategy, has been promoted to Senior Vice President of Global Vertical Strategy. In these new roles, they will continue to solidify Criteo's leading position in commerce media. Announcement • Sep 21
Criteo Unveils New Demand-Side Platform to Scale Retailer Audiences Across the Open Internet Criteo S.A. announced the launch of Commerce Max – a self-service, all-in-one demand-side platform (DSP) for enterprise marketers built for scale and powered by Criteo's leading retail media and programmatic capabilities. With Commerce Max, brands and agencies are not only empowered to find valuable audiences on retailer sites using on-site sponsored and display ads but can also extend these audiences off-site across open internet programmatic inventory – unlike any other DSP today. Thanks to Criteo's access to over four billion product SKU's, thousands of global media publisher relationships and 150 retailer partnerships, marketers now have a one-of-a-kind opportunity to access leading optimization models to create and drive commerce performance. Powering these unique audiences, Criteo's predictive AI identifies the best path to conversion, removing guesswork and leading to better advertising outcomes with buying precisions. Commerce Max also arms marketers with the data needed to understand what performs, why and how, in near-real-time through unified reporting and closed-loop measurement, including product-level sales attribution. Commerce Max entered Alpha stage in the first half of 2022 with two key Criteo clients – leading consumer electronics retailer, Best Buy and the world's leading media investment company, GroupM. Recent Insider Transactions • Sep 14
CEO & Director recently sold €106k worth of stock On the 12th of September, Megan Clarken sold around 4k shares on-market at roughly €29.23 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €421k. Megan has been a net seller over the last 12 months, reducing personal holdings by €1.8m. Recent Insider Transactions • Aug 17
Executive VP & Chief Legal Officer recently sold €421k worth of stock On the 15th of August, Ryan Damon sold around 15k shares on-market at roughly €28.06 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.3m more than they bought in the last 12 months. Reported Earnings • Aug 04
Second quarter 2022 earnings released: EPS: US$0.28 (vs US$0.24 in 2Q 2021) Second quarter 2022 results: EPS: US$0.28 (up from US$0.24 in 2Q 2021). Revenue: US$495.1m (down 10% from 2Q 2021). Net income: US$17.0m (up 15% from 2Q 2021). Profit margin: 3.4% (up from 2.7% in 2Q 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is expected to shrink by 53% compared to a 8.4% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Announcement • Jul 21
Criteo S.A. to Report Q2, 2022 Results on Aug 03, 2022 Criteo S.A. announced that they will report Q2, 2022 results on Aug 03, 2022 Recent Insider Transactions • Jun 15
CEO & Director recently sold €83k worth of stock On the 13th of June, Megan Clarken sold around 4k shares on-market at roughly €22.68 per share. This was the largest sale by an insider in the last 3 months. Megan has been a seller over the last 12 months, reducing personal holdings by €1.7m. Board Change • Jun 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. 2 highly experienced directors. CEO & Director Megan Clarken was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 05
First quarter 2022 earnings released: EPS: US$0.34 (vs US$0.37 in 1Q 2021) First quarter 2022 results: EPS: US$0.34 (down from US$0.37 in 1Q 2021). Revenue: US$510.6m (down 5.6% from 1Q 2021). Net income: US$20.6m (down 8.1% from 1Q 2021). Profit margin: 4.0% (down from 4.1% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is expected to shrink by 53% compared to a 8.3% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Board Change • May 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. 2 highly experienced directors. CEO & Director Megan Clarken was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 21
Criteo S.A. to Report Q1, 2022 Results on May 04, 2022 Criteo S.A. announced that they will report Q1, 2022 results on May 04, 2022 Recent Insider Transactions • Mar 15
CEO & Director recently sold €56k worth of stock On the 11th of March, Megan Clarken sold around 2k shares on-market at roughly €24.08 per share. In the last 3 months, there was an even bigger sale from another insider worth €110k. Megan has been a seller over the last 12 months, reducing personal holdings by €1.6m. Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €25.20, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 15x in the Media industry in Germany. Total returns to shareholders of 1.6% over the past three years. Announcement • Feb 18
Criteo Appoints Brian Gleason as Chief Revenue Officer, Effective April 1, 2022 Criteo S.A. announced that it has hired Brian Gleason to lead its global commercial organization, effective April 1. Gleason comes to Criteo from GroupM, where he serves as Global Chief Commercial Officer. As Chief Revenue Officer at Criteo, he will lead a global team of over 1,500 associates focused on helping clients drive outcomes on the open internet through Criteo's Commerce Media Platform solutions and fortifying Criteo's leadership in Commerce Media. Prior to his current role at GroupM, Gleason served as CEO of Xaxis. Reported Earnings • Feb 10
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$2.21 (up from US$1.18 in FY 2020). Revenue: US$2.25b (up 8.8% from FY 2020). Net income: US$134.5m (up 88% from FY 2020). Profit margin: 6.0% (up from 3.5% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is expected to shrink by 53% compared to a 7.9% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 9% per year. Announcement • Dec 23
Criteo S.A. (NasdaqGS:CRTO) entered into an purchase agreement to acquire Iponweb Limited for $380 million. Criteo S.A. (NasdaqGS:CRTO) entered into an purchase agreement to acquire Iponweb Limited for $380 million on December 14, 2021. The consideration is expected to be funded through $305 million paid in cash and $75 million paid in CRTO treasury shares. The transaction is subject to regulatory approvals and consultation of Criteo’s French Works Council and closing of the transaction is expected in the first quarter of 2022. Evercore Partners Limited acted as financial advisor while Skadden, Arps, Slate, Meagher & Flom LLP and Baker & McKenzie LLP served as legal counsels to Criteo. FieldFisher LLP is serving as legal counsel to Iponweb. Recent Insider Transactions • Dec 16
CEO & Director recently sold €1.6m worth of stock On the 13th of December, Megan Clarken sold around 43k shares on-market at roughly €36.45 per share. This was the largest sale by an insider in the last 3 months. This was Megan's only on-market trade for the last 12 months. Announcement • Dec 10
Criteo Reaffirms Its 2021 Financial Guidance Criteo reaffirmed its 2021 financial guidance as provided on November 3rd, 2021. Valuation Update With 7 Day Price Move • Dec 09
Investor sentiment improved over the past week After last week's 15% share price gain to €37.40, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 16x in the Media industry in Germany. Total returns to shareholders of 75% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €25.84 per share. Reported Earnings • Nov 06
Third quarter 2021 earnings released: EPS US$0.39 (vs US$0.087 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$508.6m (up 8.1% from 3Q 2020). Net income: US$23.5m (up 349% from 3Q 2020). Profit margin: 4.6% (up from 1.1% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 05
Investor sentiment improved over the past week After last week's 21% share price gain to €34.60, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 16x in the Media industry in Germany. Total returns to shareholders of 89% over the past three years. Reported Earnings • Aug 08
Second quarter 2021 earnings released: EPS US$0.24 (vs US$0.093 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$551.3m (up 26% from 2Q 2020). Net income: US$14.8m (up 159% from 2Q 2020). Profit margin: 2.7% (up from 1.3% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment improved over the past week After last week's 16% share price gain to US$38.20, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 23x in the Media industry in Germany. Total returns to shareholders of 36% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €73.25 per share. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improved over the past week After last week's 16% share price gain to US$34.20, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 23x in the Media industry in Germany. Total returns to shareholders of 40% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €63.09 per share. Announcement • May 22
Criteo S.A. (NasdaqGS:CRTO) acquired Mabaya Ltd. Criteo S.A. (NasdaqGS:CRTO) acquired Mabaya Ltd. on May 20, 2021.
Criteo S.A. (NasdaqGS:CRTO) completed the acquisition of Mabaya Ltd. on May 20, 2021. Recent Insider Transactions • May 13
Executive VP recently sold €392k worth of stock On the 7th of May, Ryan Damon sold around 12k shares on-market at roughly €31.47 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €481k more than they bought in the last 12 months. Reported Earnings • May 10
First quarter 2021 earnings released: EPS US$0.37 (vs US$0.25 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$541.1m (up 7.5% from 1Q 2020). Net income: US$22.4m (up 45% from 1Q 2020). Profit margin: 4.1% (up from 3.1% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Announcement • May 06
Criteo S.A. Provides Revenue Guidance for the Second Quarter and Fiscal Year 2021 Criteo S.A. provided revenue guidance for the second quarter and fiscal year 2021. For the quarter, the company expected Revenue ex-TAC to be approximately $208 million, translating into constant-currency growth of about 14% year-over-year.
For the fiscal year, the company expected company target of low to mid-single digit growth in Revenue ex-TAC at constant-currency.