CRITEO REPORTS STRONG THIRD QUARTER 2025 RESULTS

Core Insights - Criteo S.A. reported a strong financial performance for Q3 2025, with revenue of $470 million, a 2% increase year-over-year, and a significant net income rise to $40 million from $6 million in Q3 2024, marking a 552% increase [2][9][10] - The company announced plans to redomicile to Luxembourg and list ordinary shares on Nasdaq, aiming to simplify legal complexities and enhance capital allocation flexibility [14][15] - Criteo appointed Edouard Dinichert, a veteran from Amazon, as Chief Customer Officer to strengthen its leadership team [8] Financial Performance - Revenue for Q3 2025 was $470 million, up 2% from $459 million in Q3 2024, while gross profit increased by 11% to $256 million [2][6] - Net income surged to $40 million, translating to a diluted EPS of $0.70, compared to $0.11 in the previous year [9][41] - Adjusted EBITDA reached $105 million, a 28% increase year-over-year, with an adjusted EBITDA margin of 36% [10][12] Cash Flow and Liquidity - Cash flow from operating activities was $90 million, up from $58 million in Q3 2024, while free cash flow increased to $67 million from $39 million [12][42] - As of September 30, 2025, Criteo had $296 million in cash and marketable securities, with total financial liquidity of approximately $811 million [13][12] Strategic Developments - Criteo's media spend was $4.3 billion over the last 12 months, with a 4% year-over-year increase in Q3 2025 [8] - The company expanded its retail media network, integrating over 4,100 brands and forming new partnerships with companies like DoorDash and Sephora [8] - Criteo was named Google's first onsite Retail Media partner, enhancing its advertising capabilities [8] Future Outlook - The company raised its full-year 2025 margin outlook and expects Contribution ex-TAC to grow by 3% to 4% at constant currency [21] - Criteo anticipates an Adjusted EBITDA margin of approximately 34% of Contribution ex-TAC, up from previous guidance [21]