--- title: "Criteo SA | 8-K: FY2026 Q1 Revenue: USD 424.64 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/285363504.md" datetime: "2026-05-06T11:08:23.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285363504.md) - [en](https://longbridge.com/en/news/285363504.md) - [zh-HK](https://longbridge.com/zh-HK/news/285363504.md) --- # Criteo SA | 8-K: FY2026 Q1 Revenue: USD 424.64 M 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. #### Financial Highlights - **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%. - **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. - **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. - **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. - **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%. - **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. #### Segment Performance - **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. - **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. #### Operational Costs - **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. #### Cash Flow and Liquidity - **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. - **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. - **Cash and Cash Equivalents**: As of March 31, 2026, cash and cash equivalents were $320 million, and combined with marketable securities, totaled $371 million. - **Share Repurchases**: Criteo S.A. deployed $31 million to repurchase shares in the first three months of 2026. - **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&A. #### Operational Metrics - **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. - **Clients**: The number of clients decreased -3% year-over-year to 16,528 in Q1 2026. - **Headcount**: Headcount increased 1% year-over-year to 3,553 in Q1 2026. #### Outlook / Guidance 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. ### Related Stocks - [CRTO.US](https://longbridge.com/en/quote/CRTO.US.md) ## Related News & Research - [Criteo Selects Navan to Modernize Global Travel Management | NAVN Stock News](https://longbridge.com/en/news/285499769.md) - [Criteo (CRTO) to Release Earnings on Wednesday](https://longbridge.com/en/news/284513115.md) - [SA analyst upgrades/downgrades: MU, INTC, FDX, CRTO](https://longbridge.com/en/news/286808100.md) - [Capital City Bank Group posts Q1 2026 investor presentation on website](https://longbridge.com/en/news/286599786.md) - [Apollo Clarifies Legal Status of Recent 8-K Disclosure](https://longbridge.com/en/news/286564452.md)