Criteo S.A.(US:CRTO)2022-02-09 14:102021 Performance and Strategy - Criteo achieved profitable, double-digit growth and repositioned to outperform the market[6] - The company activated $2.7 billion in media spend and drove ~$40 billion in commerce outcomes for customers[7] - Criteo's strategy is to be the world's leading Commerce Media Platform, targeting a massive potential TAM of $100 billion by 2024[8] Q4 2021 Performance - Criteo's Q4 2021 Contribution ex-TAC grew by +11% YoY, exceeding guidance[9] - Retail Media grew +41% YoY, driving strong business diversification[9] - Marketing Solutions grew +7% YoY, with retargeting remaining stable despite a $(57) million privacy impact[9] 2021 Business Momentum - Retail Media experienced +58% growth in 2021, with a +63% increase in media spend[10] - Marketing Solutions grew +6% in 2021, with Omnichannel solutions growing by +112%[11] - Non-retargeting Marketing Solutions grew +50% in 2021[11] 2022 Priorities and Outlook - Criteo is focused on integrating IPONWEB, scaling the Commerce Media Platform, and differentiating through a First-Party Media Network in 2022[17] - The company targets double-digit Contribution ex-TAC growth of +10% to +12% in 2022 at constant currency[32] - Non-retargeting solutions are expected to grow by ~+45% in 2022, including ~+50% for Retail Media[32]