earnings
confidence high
sentiment positive
materiality 0.85
Criteo completes IPONWEB acquisition for $250M; Q2 revenue $495M, raises 2022 guidance
Criteo S.A.
2022-Q2 EPS reported
-$0.21
revenue$1,005,657,000
- Acquisition of IPONWEB closed Aug 1 for ~$250M ($180M cash + $70M treasury shares) plus up to $100M earnout; excludes Russia unit.
- Q2 revenue $495M (down 10% YoY, -3% constant currency); net income $18M ($0.27 diluted EPS); adjusted diluted EPS $0.58.
- Contribution ex-TAC $215M (down 3% reported, +7% constant currency); Retail Media Contribution ex-TAC grew 42% constant currency YoY.
- Adjusted EBITDA $50M (down 26% YoY), in line with guidance; free cash flow -$1M. Raises 2022 Contribution ex-TAC outlook with IPONWEB.