Criteo records €60M GDPR penalty accrual, swinging Q2 GAAP net income to loss

Criteo S.A.

Rapporteur proposed €60M ($65.4M) sanction over GDPR consent collection oversight with advertisers and publishers.
GAAP net income revised to -$33M for Q2 (from +$18M); diluted EPS -$0.54 (from +$0.27).
Non-GAAP results and Q3/FY 2022 guidance unchanged; adjusted diluted EPS $0.37.
CNIL process: written response, hearing, draft decision, EU cooperation; final resolution likely in 2023.
Cash ($563M) and revenue ($495M) unchanged; contingencies liability rose from $3.1M to $64.7M.

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