Revenue: As of FY2026 Q1, the actual value is USD 424.64 M.EPS: As of FY2026 Q1, the actual value is USD 0.15, beating the estimate of USD 0.1271.EBIT: As of FY2026 Q1, the actual value is USD 10.4 M.<h4>Financial Highlights</h4><ul><li>Revenue: Criteo S.A. reported revenue of $425 million for Q1 2026, a decrease of -6% year-over-year from $451 million in Q1 2025. At constant currency, revenue decreased -9%.</li><li>Gross Profit: Gross profit was $223 million in Q1 2026, down -6% from $237 million in Q1 2025. The gross profit margin remained consistent at 52% for both periods.</li><li>Net Income: Net income decreased -79% to $9 million in Q1 2026, compared to $40 million in Q1 2025. Net income available to shareholders of Criteo S.A. was $8 million, or $0.15 per diluted share, down from $38 million, or $0.66 per diluted share, in Q1 2025.</li><li>Adjusted Net Income: Adjusted net income, a non-GAAP measure, was $37 million in Q1 2026, down from $63 million in Q1 2025. Adjusted diluted EPS was $0.73, compared to $1.10 in Q1 2025.</li><li>Contribution ex-TAC: Contribution ex-TAC, a non-GAAP measure, was $250 million in Q1 2026, a -5% decrease year-over-year from $264 million in Q1 2025. At constant currency, it decreased -9%.</li><li>Adjusted EBITDA: Adjusted EBITDA, a non-GAAP measure, decreased -30% to $65 million in Q1 2026, from $92 million in Q1 2025. The Adjusted EBITDA margin was 26% in Q1 2026, compared to 35% in Q1 2025.</li></ul><h4>Segment Performance</h4><ul><li>Retail Media Revenue: Retail Media revenue decreased -31% year-over-year, or -32% at constant currency, to $41,271 thousand in Q1 2026. Retail Media Contribution ex-TAC also decreased -31%, or -32% at constant currency, to $40,589 thousand, primarily due to a $27 million headwind from previously communicated scope changes with two specific clients. Excluding this impact, Contribution ex-TAC for the underlying client base grew 24% in Q1.</li><li>Performance Media Revenue: Performance Media revenue decreased -2% year-over-year, or -6% at constant currency, to $383,368 thousand in Q1 2026. Performance Media Contribution ex-TAC increased 2%, or decreased -2% at constant currency, to $209,779 thousand, reflecting mixed trends in Commerce Growth, continued momentum in the SSP, and improvement in AdTech services.</li></ul><h4>Operational Costs</h4><ul><li>Operating Expenses: Total operating expenses increased 12% year-over-year to $212 million in Q1 2026, up from $189 million in Q1 2025, mainly driven by planned growth investments. Non-GAAP operating expenses increased 10% year-over-year to $165 million from $151 million.</li></ul><h4>Cash Flow and Liquidity</h4><ul><li>Cash Flow from Operating Activities: Cash flow from operating activities was $48 million in Q1 2026, a -23% decrease from $62 million in Q1 2025.</li><li>Free Cash Flow (FCF): Free Cash Flow was $16 million in Q1 2026, down -65% from $45 million in Q1 2025. On a trailing 12-month basis, FCF was $181 million.</li><li>Cash and Cash Equivalents: As of March 31, 2026, cash and cash equivalents were $320 million, and combined with marketable securities, totaled $371 million.</li><li>Share Repurchases: Criteo S.A. deployed $31 million to repurchase shares in the first three months of 2026.</li><li>Financial Liquidity: Total financial liquidity as of March 31, 2026, was approximately $889 million, including cash and cash equivalents, marketable securities, available revolving credit facility, and treasury shares reserved for M&amp;A.</li></ul><h4>Operational Metrics</h4><ul><li>Activated Media Spend: Activated Media Spend surpassed $1 billion for the first time in Q1 2026. Total media spend was $4.4 billion in the last 12 months and $1.0 billion in Q1 2026, an 8% increase year-over-year at constant currency.</li><li>Clients: The number of clients decreased -3% year-over-year to 16,528 in Q1 2026.</li><li>Headcount: Headcount increased 1% year-over-year to 3,553 in Q1 2026.</li></ul><h4>Outlook / Guidance</h4>Criteo S.A. now expects Contribution ex-TAC for fiscal year 2026 to decrease low-single-digit at constant currency, while maintaining an Adjusted EBITDA margin of approximately 32% to 34% of Contribution ex-TAC. For the second quarter of 2026, the company anticipates Contribution ex-TAC to be between $260 million and $264 million, representing a -11% to -9% year-over-year decrease at constant currency, and Adjusted EBITDA between $67 million and $71 million.

Criteo SA | 8-K: FY2026 Q1 Revenue: USD 424.64 M