Criteo SA earnings date
Criteo SA (CRTON) Q3 2026 Earnings Report
MX:CRTON Q3 2026 EPS Results
- Actual EPS
- MXN 8.00
- Consensus EPS
- MXN 10.69
- Beat/Miss
- Missed by -MXN 2.70
- One Year Ago EPS
- MXN 24.37
MX:CRTON Q3 2026 Revenue Results
- Actual Revenue
- MXN 7.75B
- Expected Revenue
- MXN 4.45B
- Beat/Miss
- Beat by +MXN 3.30B
- YoY Revenue Growth
- -11.33%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 11/04/2026
- Time
- Before Open
- Conference Call
- Wednesday, November 4, 2026
Criteo SA's next earnings date is estimated for February 10, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
The call presented a mixed outlook. Criteo highlighted strong traction in CTV, OpenAI, social, self-service, agency partnerships, retail media formats, pipeline growth, cash generation, and retailer commitments. However, these developments are occurring alongside a challenging year, declines in reported Contribution ex-TAC, weaker performance media spending, retail media scope reductions, cautious 2026 guidance, and continued softness in certain categories and markets. Management expressed confidence in improved performance in 2027 but emphasized that sustained client spending improvement has not yet been demonstrated.
Full-year guidance is unchanged: 2026 Contribution ex-TAC is expected to decline 10%-12% at constant currency; performance media Contribution ex-TAC is expected to decline in the high single digits at constant currency; retail media Contribution ex-TAC is expected to decline in the high teens to 20% at constant currency, including approximately $75 million of impact from the two client scope reductions, while excluding those reductions, underlying retail media Contribution ex-TAC growth is expected in the low teens this year; Adjusted EBITDA margin is expected to be approximately 30% for 2026; operating cash flow conversion from Adjusted EBITDA is expected to improve to approximately 85% in 2026, up from 76% in 2025; free cash flow conversion is expected to be about 35% of Adjusted EBITDA before any non-recurring items; full-year capital expenditure is now expected to be approximately $180 million; and the effective tax rate is expected in the high 30% range. For the fourth quarter, Contribution ex-TAC is expected to be $292 million-$298 million, down 9%-11% at constant currency, foreign exchange is expected to reduce Q4 Contribution ex-TAC by up to $4 million year-over-year, and Adjusted EBITDA is expected to be $105 million-$111 million.
- CTV Commercial Traction and ExpansionCriteo reported growing commercial traction in performance CTV across apparel, travel, consumer electronics, and automotive. A global travel platform generated a 61x return on ad spend and a 9% lower cost per acquisition versus its display campaign serving the same audience. Criteo expects to double its Q3 CTV run rate in Q4, launch in Brazil and Mexico by year-end, and expand into major European markets, Canada, and Australia in 2027.
- OpenAI Integration Expanded to 89 CountriesThe OpenAI integration expanded from seven countries last quarter to 89 countries. A Turkish Airlines campaign using Prompt Smart Ads generated a 183% increase in site landings from ChatGPT Ads, while exposed users spent 15% more time per visit. Average spend per client is increasing modestly, and Criteo expects ChatGPT Ads to contribute to growth in 2027.
- Social Channel GrowthQ3 media spend and the number of social campaigns each grew approximately 20% year-over-year. CTV, AI platforms, and social together represented 13% of Commerce Growth campaigns, up from 6% a year ago.
- App Expansion OpportunityAdvertisers combining app and web campaigns generate approximately twice the sales at a similar return on ad spend compared with web-only campaigns, providing an explicitly identified opportunity to deepen existing client relationships and capture additional performance budgets.
- Diversified Channel Position and iOS 27 ResilienceCriteo stated that it is not currently seeing an impact from Safari changes in iOS 27, supported by its investments in privacy-safe technology and durable addressability. The company also cited diversification across social, OpenAI, and CTV as a stronger position than it had several years ago.
- Self-Service Adoption Through GOMore than half of Criteo's small clients globally use GO campaigns. GO serves approximately one-third of Commerce Growth customers and represents about 10% of Commerce Growth revenue. Criteo is using agentic tools to automate onboarding steps and stated that self-service workflows are improving productivity and lowering cost to serve.
- Agency Partnerships and MCP DevelopmentAll major agency holding companies are testing Criteo's Model Context Protocol, which connects agency AI tools with Criteo solutions. Agency spend increased 5% year-to-date, ahead of direct client trends, with early MCP testing covering reporting, audience creation, and selected campaign operations.
- Pipeline and New Business MomentumOpen opportunities increased 72% year-over-year. Spend from new business grew 13% year-over-year in Q3, and the share of new enterprise client spend doubled year-over-year. Criteo expects newly signed clients to begin ramping in Q4 and reach full run rate in the first half of 2027.
- Retail Media Underlying GrowthRetail media Contribution ex-TAC grew 10% in Q3 across the underlying client base. The number of brands on the platform reached 4,700, while media spend increased 22% year-over-year, supported by advertiser demand and adoption of new formats.
- Auction-Based Display ExpansionAuction-based display became Criteo's fastest-growing retail media format and was live with more than 95 retailers, twice the number at the start of the year. Auctions represented more than half of on-site display, and Criteo is on track to grow display spend by close to 50% this year.
- Retailer AI Assistant and Page Intelligence InitiativesFollowing an initial launch with Albertsons, Criteo is working to bring sponsored recommendations to additional retailer AI assistants, including THG Ingenuity in the U.K. Page Intelligence is being tested with one of Criteo's largest retail partners to combine merchandising, advertising, and shopper engagement optimization.
- Retailer Renewals and New PartnershipsFour of Criteo's largest retail partners recently renewed their agreements for multiple years. Existing partners including Douglas, Flaconi, and Metro are preparing to expand into additional markets, while new partners include Notino, El Puerto de Liverpool, ONIGO, Adore Beauty, and PayU.
- Quarterly EBITDA and Cost ControlAdjusted EBITDA was $65 million, with an Adjusted EBITDA margin of 27%, and results were ahead of outlook. Non-GAAP operating expenses declined 3% year-over-year to $153 million, primarily due to lower headcount and lower employee bonus accruals. Share-based compensation declined 39% year-over-year to $9 million.
- Cash Generation and Balance Sheet FlexibilityOperating cash flow was $57 million and free cash flow was $21 million in Q3. Trailing 12-month free cash flow was $134 million. Criteo ended September with $275 million in cash and no long-term debt.
- Share Repurchases and Capital AllocationCriteo repurchased $4 million of shares during the quarter, bringing year-to-date repurchases to $65 million. The company had $156 million remaining under its authorization at the end of September and stated that share repurchases remain an important part of its capital allocation strategy.
- Redomiciliation Remains on TrackCriteo remains on track to complete its redomiciliation to the U.S. on January 1, 2027, subject to shareholder approval and other customary conditions. The company stated that the transaction is expected to simplify its corporate structure and create the potential for inclusion in certain U.S. indices.
MX:CRTON Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Feb 10, 2027 | 2026 (Q4) | 23.38- | 24.18 | ― | ― |
| Nov 04, 2026 | 2026 (Q3) | 10.698.00 | 24.37 | -67.18% (-16.37) | |
| Aug 05, 2026 | 2026 (Q2) | 13.1714.88 | 17.11 | -13.04% (-2.23) | |
| May 06, 2026 | 2026 (Q1) | 10.5813.58 | 20.46 | -33.64% (-6.88) | |
| Feb 11, 2026 | 2025 (Q4) | 25.6924.18 | 32.55 | -25.71% (-8.37) | |
| Oct 29, 2025 | 2025 (Q3) | 17.6124.37 | 17.86 | 36.46% (+6.51) | |
| Jul 30, 2025 | 2025 (Q2) | 13.1317.11 | 20.09 | -14.81% (-2.98) | |
| May 02, 2025 | 2025 (Q1) | 14.3620.46 | 14.88 | 37.50% (+5.58) | |
| Feb 05, 2025 | 2024 (Q4) | 25.0932.55 | 28.27 | 15.13% (+4.28) | |
| Oct 30, 2024 | 2024 (Q3) | 15.4417.86 | 13.21 | 35.21% (+4.65) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
