Criteo S.A. (CRTO) Earnings
Criteo S.A. is expected to report next earnings on August 5, 2026 (in NaN days), with a consensus EPS estimate of $0.72. CRTO has beaten EPS estimates in 10 of its last 12 reported quarters (average surprise +17.7% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 6, 2026 | $0.57 | $0.73 | +28.1% | $250M | +0.9% |
| Feb 11, 2026 | $1.36 | $0.87 | -35.8% | $541M | +105.1% |
| Oct 29, 2025 | $0.89 | $1.31 | +47.2% | $470M | +42.8% |
| Jul 30, 2025 | $0.70 | $0.92 | +31.4% | $483M | +75.8% |
| May 2, 2025 | $0.75 | $1.10 | +46.7% | $451M | +62.3% |
| Feb 5, 2025 | $1.37 | $1.75 | +27.7% | $553M | +66.9% |
| Oct 30, 2024 | $0.84 | $0.96 | +14.3% | $459M | +37.5% |
| Aug 1, 2024 | $0.78 | $1.08 | +38.5% | $471M | +78.8% |
| May 2, 2024 | $0.61 | $0.80 | +31.1% | $450M | +70.8% |
| Feb 7, 2024 | $1.24 | $1.52 | +22.6% | $566M | +88.7% |
| Nov 2, 2023 | $0.63 | $0.71 | +12.7% | $469M | +95.8% |
| Aug 2, 2023 | $0.49 | $0.49 | +0.0% | $469M | +103.0% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · May 6, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- Focus is on building Criteo into the leading commerce intelligence and AI decisioning platform. - Advanced agentic AI roadmap, including partnership with OpenAI and increasing adoption of MCP with agencies. Launched Criteo Go as AI - powered self - service offering and introduced new capabilities like page intelligence. - For Performance media, focus is on re - accelerating growth by scaling self - service, expanding cross - channel activation, and extending further up the funnel. - For Retail media, continue to build on global leadership, partner with 235 leading retailers, expand budgets and engagement, and innovation across formats is a growth driver.
Guidance
- 2026 fixed currency contribution extracts expected to decline low single digits. - Return to growth expected in fourth quarter. - Retail media adjusted contribution extract expected mid - to high teens growth. - Performance media expected flat to low single digits growth at constant currency in 2026. - Q2 2026 contribution X tax expected $260 million to $264 million, down 11% to 9% at constant currency.
Segment performance
First quarter media spend surpassed $1 billion for the first time. Revenue was $425 million, and contribution extract was $250 million. This includes a year - over - year tailwind from foreign currencies of $9 million. At constant currency, Q1 contribution extract was down 9%, reflecting a $27 million headwind related to previously communicated scope changes with two retail media clients. Excluding this impact, contribution extract grew 1% in Q1. For Performance media, revenue was $383 million, and contribution extract was $210 million, down 2% at constant currency. For Retail media, revenue was $41 million and contribution extract was also $41 million, reflecting a $27 million headwind in the quarter. Excluding this impact, contribution extract grew 24% in Q1 across the underlying client base.
Risks & headwinds
- Macro environment instability. - Soft demand in specific verticals like travel in Europe and discretionary retail. - Budgets reduction from certain large U.S. clients. - Geopolitical impacts affecting business dynamics.
Analyst Q&A
Q: Is it fair to assume that the majority of the headwinds are outside of retargeting, or is it kind of spread across the whole performance business?
A: The slowdown with the U.S. clients is across the performance media segment at large.
Q: How are you defining success for the CHAT - GPT partnership, and what are the milestones an investor should be watching as you continue to work through that launch?
A: Leading KPI right now is client count, and expect that number to continue to scale nicely over the course of the year.
Q: On the large client softness that you've experienced year to date, what is the level of confidence that it's the sales execution issue and not an issue that's more structural with the underlying performance of the advertising products?
A: Do not think that's structural impact, we've brought in right leadership to address it.
Q: Just a couple of clarifications, if I could. Your PR mentioned certain large performance media US clients in terms of some of the weakness that you're seeing. Is that multiple clients or one or two?
A: It's a number of extra large U.S. clients, and they're all kind of down.
Q: Can you please clarify what the business model is for you regarding the OpenAI partnership? If it's a demand integration, then is it a similar business model as any other partner that you'd be placing ads on?
A: It's both data and placements, and it's a normal course of doing business for us.
Q: First one, just to touch on some of the macro impacts that obviously impacted the full year guidance. I was just curious if you could kind of pinpoint when you started to see those impacts kind of come on and hit the model.
A: Started to see it within Q1, especially in March and April.
Q: Sarah, just a couple of clarifications, if I could. Your PR mentioned certain large performance media US clients in terms of some of the weakness that you're seeing. Is that multiple clients or one or two? And if you think about the 26 guide, how wide is the scope of, I guess, those weakening budgets that you're seeing? And how does that translate into the level of conservatism that's now set in the 26 guide.
A: It's a number of extra large U.S. clients, and they're all kind of down, and that's the impact on the 2026 guide.
Q: First one, activated media spend grew 8% constant currency and topped a billion, but contribution X - TAC declined against that. Maybe Michael or Sarah, can you give us some details on what impacted take rates across retail and performance media?
A: The biggest impact is the retail media client impact that took the take rate down for retail media quite significantly, underlying take rate of all other clients is at the high end of previous communicated range.