Criteo S.A. ( (CRTO) ) has released its Q4 earnings. Here is a breakdown of the information Criteo S.A. presented to its investors.
Criteo S.A., a prominent player in the commerce media sector, provides innovative advertising solutions designed to enhance consumer experiences from product discovery to purchase. The company recently reported its financial results for the fourth quarter and fiscal year of 2024, showcasing a strong performance despite a slight decline in overall revenue compared to the previous year.
Criteo achieved record financial performance in 2024, with notable improvements in gross profit and net income. The company reported a 14% increase in gross profit to $983 million and a significant 110% rise in net income to $115 million for the year. Additionally, the adjusted EBITDA for the fiscal year surged by 29% to $390 million, reflecting effective cost management and increased operating efficiency.
One of the key highlights of Criteo’s performance was the impressive growth in its Retail Media segment, which saw a 25% increase in contribution ex-TAC, driven by new client integrations and expanding platform adoption. The company also executed a robust share buyback program, deploying $225 million in capital for share repurchases, and extended its buyback authorization to $200 million, indicating strong shareholder value focus.
Looking ahead, Criteo’s management remains optimistic about the company’s growth prospects for 2025. With the appointment of Michael Komasinski as the new CEO, the company is poised to leverage AI-driven innovation to fuel its expansion in the commerce media landscape. Criteo is targeting mid-single-digit growth in contribution ex-TAC while maintaining strong profitability and cash generation.