Financial Data and Key Metrics Changes - Revenue grew 1% in Q4 to $661 million and was $2.1 billion in 2020, representing an 8% decline for the year [48] - Non-GAAP revenue ex-TAC was $253 million in Q4 and $825 million for 2020, or $25 million above expectations, with a 6% decline at constant currency versus Q4 2019 and a 13% decline for the year [49] - Q4 adjusted EBITDA was $103 million, resulting in a 41% margin, translating into $251 million for the year [49] - Free cash flow of $120 million represented a 48% conversion of adjusted EBITDA in 2020, the highest level since 2014 [49][63] Business Line Data and Key Metrics Changes - New solutions grew 38% in Q4 to 24% of total business, with Retail Media growing at 41% [54][55] - Retail Media already works with over 50% of the U.S. top 25 e-commerce retailers and over 50% of the top-20 European commerce retailers [27] - Revenue ex-TAC from new products represented about $150 million, close to 20% of the business, and grew close to 50% in 2020 [26] Market Data and Key Metrics Changes - The company processed about $900 billion a year in online sales, which is larger than Amazon [80] - The e-commerce landscape is predicted to grow to nearly $7 trillion by 2023, with the Open Internet accounting for about 38% of that total [80] Company Strategy and Development Direction - The company aims to transform into a Commerce Media Platform, focusing on e-commerce and leveraging first-party data [29][74] - The strategy includes expanding Retail Media and new solutions, targeting around 50% growth in 2021 [67] - The company is focused on strengthening its core business while exploring strategic game changers and driving tech and operational excellence [56][58] Management's Comments on Operating Environment and Future Outlook - Management expects low to mid-single-digit growth in revenue ex-TAC at constant currency for fiscal 2021, with an adjusted EBITDA margin above 30% [66] - The company anticipates incremental Identity and Privacy impacts of about $60 million in 2021 relative to the 2020 run rate [67] - Management is optimistic about the growth of new solutions and the overall e-commerce momentum [68] Other Important Information - The company closed 2020 with $530 million in cash and marketable securities, maintaining flexibility for capital allocation [64] - A new share buyback program of up to $100 million has been authorized by the Board [64] Q&A Session Summary Question: When does the company expect Travel spending to recover? - Management indicated that Travel spending is currently down 75% to 80% year-on-year, with hopes for recovery as the year progresses [79] Question: How does the company's Retail Media product differ from Amazon? - The company aims to be the Amazon advertising on the Open Internet, focusing on first-party data and a broader e-commerce scale, processing more online sales than Amazon [80][81] Question: What is the role of CTV in the company's revenue mix? - CTV is viewed as another channel, with a focus on e-commerce advertising, and while it currently does not carry much advertising, the company is preparing for future opportunities [85]

Investor Presentation February 10, 2021 Criteo Q4 & Full Year 2020 Earnings Safe Harbor Statement This presentation contains "forward-looking" statements that are based on our management's beliefs and assumptions and on information currently available to management. Forward-looking statements include information concerning our possible or assumed future results of operations, business strategies, financing plans, projections, competitive position, industry environment, potential growth opportunities, potent ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 for the quarterly period ended September 30, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 for the transition period from _________ to _________ Commission file number: 001-36153 | --- | --- | --- | --- | |---------------------------------------------------------------------- ...

Criteo S.A. (NASDAQ:CRTO) Q3 2020 Earnings Conference Call October 28, 2020 8:00 AM ET Company Participants Edouard Lassalle - SVP, Market Relations & Capital Markets Megan Clarken - Chief Executive Officer Todd Parsons - Chief Product Officer Sarah Glickman - Chief Financial Officer Conference Call Participants Lloyd Walmsley - Deutsche Bank Richard Kramer - Arete Research Den Salmon - BMO Capital Markets Matthew Thornton - Truist Securities. Sarah Simon - Berenberg Operator Good morning and welcome to Cri ...

Financial Performance - Criteo's Q3 2020 revenue was $470 million, a decrease of 11% year-over-year (YoY) at constant currency[25,27] - Revenue ex-TAC (Traffic Acquisition Costs) was $186 million, down 2% YoY[25,27] - Adjusted EBITDA was $49 million, down 26% YoY, representing a 37% Adjusted EBITDA margin in Q4 outlook[25,27,35] - Free cash flow was $38 million[24] - The company estimates a negative impact of $10 million in Q3 and $21 million for the first nine months of the year due to privacy headwinds[27] Strategic Pillars & Growth Initiatives - New solutions grew 43% YoY and 53% year-to-date (YTD), representing approximately 20% of the company's business[30,15] - Retail Media experienced growth of approximately 60% YoY and 62% YTD[30] - Omnichannel solutions grew 120% YoY and 121% YTD[30] Transformation and Cost Management - Criteo achieved $92 million in cost savings YTD, exceeding its cost control plan[30] - Non-GAAP operating expenses (Opex) declined by 18% YoY in Q3 2020[31] Balance Sheet and Liquidity - The company has a strong balance sheet with $627 million in cash and cash equivalents, representing approximately 34% of total assets[33] - Total financial liquidity is over $870 million, including cash and committed financing until March 2022[33] - Criteo executed $44 million in share repurchases in 2020 ($18 million in Q1, $15 million in Q2, and $11 million in Q3)[33] Market Trends - Ecommerce is booming, with open internet retailers representing approximately 40% of global ecommerce[7] - Ecommerce is expected to grow from 16% of global sales today to 23% in 2023[7] - Digital Trade Marketing grew at a compound annual growth rate (CAGR) of 82% between 2016 and 2019, reaching a $23 billion global market in 2020[7]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 for the quarterly period ended June 30, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 for the transition period from _________ to _________ | --- | --- | --- | --- | |------------------------------------------------------------------------------------------------------------- ...

Criteo S.A. (NASDAQ:CRTO) Q2 2020 Earnings Conference Call July 29, 2020 8:00 AM ET Company Participants Edouard Lassalle - VP of Head of Investor & Analyst Relations Megan Clarken - CEO Dave Anderson - CFO Conference Call Participants Rocco Strauss - Arete Dan Salmon - BMO Capital Markets Nick Jones - Citi Sarah Simon - Berenberg Andrew Boone - JMP Securities Operator Good morning and welcome to the Criteo Second Quarter 2020 Earnings Call. All participants will be in listen-only mode. [Operator Instructio ...

Q2 2020 Financial Results Investor Presentation July/August 2020 criteol. Safe harbor statement This presentation contains "forward-looking" statements that are based on our management's beliefs and assumptions and on information currently available to management. Forward-looking statements include information concerning our possible or assumed future results of operations, business strategies, financing plans, projections, competitive position, industry environment, potential growth opportunities, potentia ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 for the quarterly period ended March 31, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |--------|-------|---------------------------------------|--------|-------------|------------------------|-----------------|--- ...

Criteo S.A. (NASDAQ:CRTO) Q1 2020 Earnings Conference Call April 29, 2020 8:00 AM ET Company Participants Edouard Lassalle - Vice President of Head of Investor & Analyst Relations Megan Clarken - Chief Executive Officer Benoit Fouilland - Chief Financial Officer Conference Call Participants Nick Jones - Citi Dan Salmon - BMO Capital Tim Nollen - Macquarie Andrew Boone - JMP Securities Operator Good morning. Welcome to Criteo First Quarter 2020 Earnings Call. All participants will be in listen-only mode. [Op ...