Criteo Management
Management criteria checks 2/4
Criteo's CEO is Michael Komasinski, appointed in Feb 2025, has a tenure of 1.17 years. directly owns 0.72% of the company’s shares, worth $6.67M. The average tenure of the management team and the board of directors is 5.2 years and 4.9 years respectively.
Key information
Michael Komasinski
Chief executive officer
n/a
Total compensation
| CEO salary percentage | n/a |
| CEO tenure | 1.2yrs |
| CEO ownership | 0.7% |
| Management average tenure | 5.2yrs |
| Board average tenure | 4.9yrs |
Recent management updates
Recent updates
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 layersCriteo: Amazon Risks Are Real, But Cheap Multiples Warrant A Buy
Dec 17Earnings Working Against Criteo S.A.'s (NASDAQ:CRTO) Share Price Following 27% Dive
May 28
Does Criteo (NASDAQ:CRTO) Deserve A Spot On Your Watchlist?
May 04Is Criteo (NASDAQ:CRTO) A Risky Investment?
Apr 15Criteo: Steady Growth With Retail Media Potential
Mar 13Criteo S.A.'s (NASDAQ:CRTO) Subdued P/E Might Signal An Opportunity
Mar 05We Like The Quality Of Criteo's (NASDAQ:CRTO) Earnings
Feb 15Criteo (NASDAQ:CRTO) Has A Rock Solid Balance Sheet
Jan 10Criteo S.A.: Still Worth Investing In
Dec 18Is Now An Opportune Moment To Examine Criteo S.A. (NASDAQ:CRTO)?
Nov 15Getting In Cheap On Criteo S.A. (NASDAQ:CRTO) Is Unlikely
Oct 28These 4 Measures Indicate That Criteo (NASDAQ:CRTO) Is Using Debt Safely
Oct 10
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.Criteo: Riding Retail Media Advertising Tailwinds
Aug 21Is It Too Late To Consider Buying Criteo S.A. (NASDAQ:CRTO)?
Aug 11Subdued Growth No Barrier To Criteo S.A. (NASDAQ:CRTO) With Shares Advancing 26%
Jul 24We Discuss Why Criteo S.A.'s (NASDAQ:CRTO) CEO Compensation May Be Closely Reviewed
Jun 19Criteo: Good Momentum, But Still Undervalued
May 17We Think Criteo (NASDAQ:CRTO) Can Manage Its Debt With Ease
May 08Is There Now An Opportunity In Criteo S.A. (NASDAQ:CRTO)?
Apr 17CEO
Michael Komasinski (54 yo)
Mr. Michael Komasinski has been Chief Executive Officer and Director of Criteo S.A. since February 15, 2025. He served as Chief Executive Officer of CXM (Customer Experience Management) and International M...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CFO & Principal Accounting Officer | 5.6yrs | US$4.40m | 0.32% $ 2.9m | |
| Chief Legal & Transformation Officer | 7.6yrs | US$3.76m | 0.36% $ 3.3m | |
| CEO & Director | 1.2yrs | no data | 0.72% $ 6.7m | |
| Chief Technology Officer | 6.6yrs | no data | no data | |
| Investor Relations Director | no data | no data | no data | |
| Chief People Officer | 4.6yrs | no data | no data | |
| President of Retail Media | no data | no data | no data | |
| Chief Product Officer & President of Performance Media | 5.7yrs | no data | no data | |
| Chief Information Security Officer | 5.3yrs | no data | no data | |
| First Senior Vice President of Global Diversity | 5.1yrs | no data | no data | |
| Senior Vice President of Go-to-Market | 4.8yrs | no data | no data | |
| Executive Vice President of Data & Policy | 4.8yrs | no data | no data |
Experienced Management: CRTO's management team is seasoned and experienced (5.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 1.2yrs | no data | 0.72% $ 6.7m | |
| Member of Advisory Board | no data | no data | no data | |
| Member of Advisory Board | no data | no data | no data | |
| Independent Director | 9.2yrs | US$292.48k | 0.065% $ 594.5k | |
| Independent Vice Chairman of the Board | 8.8yrs | US$291.86k | 0.068% $ 625.1k | |
| Member of Advisory Board | no data | no data | no data | |
| Independent Director | 1.8yrs | US$155.93k | 0.025% $ 230.3k | |
| Independent Director | 7yrs | US$347.71k | 0.086% $ 789.3k | |
| Independent Director | less than a year | no data | 0.0089% $ 82.1k | |
| Independent Director | 8.8yrs | US$567.16k | 0.11% $ 987.9k | |
| Independent Chairman | 2.8yrs | US$294.86k | 0.053% $ 491.3k |
Experienced Board: CRTO's board of directors are considered experienced (4.9 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/04/08 13:54 |
| End of Day Share Price | 2026/04/08 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Criteo S.A. is covered by 30 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Rocco Strauss | Arete Research Services LLP |
| Richard Kramer | Arete Research Services LLP |
| Mark Zgutowicz | Benchmark Company |