Q3 2025 Financial Performance - Criteo's Q3 2025 Contribution ex-TAC reached $288 million, a 6% year-over-year increase[30] - The company achieved an adjusted EBITDA margin of 36%, exceeding guidance[28] - Net income increased significantly by 552% year-over-year to $40 million[34] - Diluted EPS saw a substantial rise of 536% to $0.70, while non-GAAP diluted EPS increased by 36% to $1.31[34] - Free cash flow grew by 74% year-over-year to $67 million[34] Segment Performance - Retail Media Contribution ex-TAC increased by 11% year-over-year to $66.3 million[30,77] - Performance Media Contribution ex-TAC grew by 5% year-over-year to $221.9 million, driven by Commerce Audiences and stable Retargeting trends[30,77] - Retail Media media spend reached $454 million, up 26% year-over-year[23,36] - Performance Media media spend was $593 million, down 9% year-over-year[36] 2025 Outlook - Criteo is targeting a +3% to +4% growth at constant currency for FY 2025[49] - Q4 2025 Contribution ex-TAC is projected to be between $325 million and $331 million, representing a -5% to -3% decrease at constant currency[49] - Adjusted EBITDA for Q4 2025 is expected to be between $113 million and $119 million[49] Assets and Strategy - Criteo has approximately 4.5 billion product SKUs[7] - The company has ~$1+ trillion ecommerce sales across customer base[57] - Criteo's cash and cash equivalents totaled ~$811 million[40]

Q2 2025 Performance Highlights - Contribution ex-TAC reached $292 million, a 7% year-over-year increase[14] - Adjusted EBITDA margin was 31%, exceeding guidance[14] - Performance Media grew by 6% year-over-year, driven by Commerce Audiences and Retargeting trends[15] - Retail Media increased by 11% year-over-year[15] Retail Media Growth and Expansion - Retail Media media spend reached approximately $398 million, up 20% year-over-year[20,28] - Criteo has partnerships with over 200 retailers, including 70% of the Top 30 U S and 50% of the Top 30 EMEA retailers[20] - Criteo's Retail Media same-retailer Contribution ex-TAC retention was +112%[28] Financial Position and Outlook - Revenue was $483 million[25] - Free Cash Flow was $(36) million[25] - The company projects a full-year 2025 Contribution ex-TAC growth of +3% to +4% at constant currency[35] - Adjusted EBITDA is expected to be 33% to 34% of Contribution ex-TAC[35]