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Criteo — Third Quarter 2026 Earnings Summary

  • GAAP revenue declined 11% year-over-year to $416 million in Q3 2026, while Non-GAAP Adjusted EBITDA fell 39% to $65 million and Free Cash Flow dropped 69% to $21 million.
  • Full-year 2026 guidance expects Contribution ex-TAC to decrease 10% to 12% and Adjusted EBITDA margin to reach approximately 30%; Q4 2026 Contribution ex-TAC is projected between $292 million and $298 million.
  • Revenue declines were driven by a 23% drop in Retail Media (impacted by $20 million in scope changes) and a 9% decrease in Performance Media, though media spend grew 9% year-over-year.
  • The company deployed $65 million for share repurchases in the first nine months of 2026 and appointed Jianchang "JC" Mao to its Board, while noting foreign exchange as a significant headwind for Q4.
Company
CRITEO SA
Sector
Communication Services
Industry
Advertising Agencies