"Criteo's leadership assured the markets that it would return to growth by the end of the year, but the immediate result was a slide in its share price based on an even more conservative 2026 revenue forecast."
"Despite the revenue decline, Criteo said activated media spend actually grew 8% year-on-year during the period, surpassing $1 billion in the quarter for the first time."
Criteo reported first-quarter revenues of $425 million, down 6% year-on-year, impacted by a decline in retail media spend and performance media spend. Contribution ex-TAC fell 5% to $250 million, while net income dropped 79% to $9 million. The decline was attributed to reduced spending from two retail media clients. Retail media revenues decreased 31% to $41.3 million, although broader retail media contributions grew 24%. Criteo forecasts Q2 revenues ex-TAC between $260 million and $264 million, reflecting ongoing macroeconomic challenges.
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