Criteo responds to Petrus Advisers; highlights $1B Contribution ex-TAC, $150M buyback addition

Criteo S.A.

Criteo achieved double-digit growth in 2023 for second consecutive year; Q4 record top line with organic growth acceleration.
Contribution ex-TAC crossed $1 billion for first time, over 50% from non-Retargeting; Retail Media revenue surpassed $200M.
Completed over $125M in share repurchases in 2023; Board added $150M to authorization and accelerated buyback in Q1 2024 under 10b5-1 plan.
Adjusted EBITDA margin of 30% with over $70M in annualized savings; Board has eight directors, seven independent, including recent appointment of Frederik van der Kooi.

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