secwatch.observer — SEC 8-K summary
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Issuer:     Criteo S.A. (CRTO)
CIK:        0001576427
Form:       8-K/A
Filed at:   2022-08-05T23:59:59+00:00
Accession:  0001576427-22-000072
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1576427/000157642722000072/0001576427-22-000072-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1576427/000157642722000072/crto-20220803.htm
  HTML page:      https://secwatch.observer/filing/0001576427-22-000072

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer