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Criteo

Online display advertisement company

Criteo S.A. is an advertising company that provides online display advertisements. The company was founded and is headquartered in Paris, France.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 16, 2026.

Overview

2005Founded1

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  • TickerCRTO on Nasdaq1
  • IndustryIT systems and software consulting1
  • HeadquartersParis1
  • Founded inParis1
  • Websitewww.criteo.com
  • Legal formpublic limited company with a board of directors (n.o.s.)1
  • Incorporated inLuxembourg4
  • Business address5 Place De La Gare, Luxembourg, L-16164
  • Filer categoryLarge accelerated filer4

Criteo S.A. is an advertising company that provides online display advertisements. The company was founded and is headquartered in Paris, France.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

54.0%Gross margin6
10.4%Operating margin6
7.4%Net margin6
0.6%Revenue growth, 20256
12.6%Return on equity6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Performance Media brought in 86% of the revenue Criteo broke down this way in fiscal 2025.

  1. Performance Media$1.7B686%up 0% from 2024
  2. Retail Media$263.9M614%up 2% from 2024
Business segments by year
Business segments202320242025
Performance Media$1.7B$1.7B$1.7B
Retail Media$209.0M$258.3M$263.9M

Regions

Americas brought in 26% of the revenue Criteo broke down this way in fiscal 2025.

  1. Americas$836.7M626%down 6% from 2024
  2. United States$753.3M623%down 6% from 2024
  3. EMEA$728.1M623%up 8% from 2024
  4. Asia Pacific$380.2M612%up 4% from 2024
  5. Japan$221.1M67%up 8% from 2024
  6. Germany$207.6M66%up 2% from 2024
  7. France$88.9M63%up 1% from 2024
Regions by year
Regions202320242025
Americas$887.2M$892.2M$836.7M
United States$803.3M$802.6M$753.3M
EMEA$672.6M$676.5M$728.1M
Asia Pacific$389.6M$364.7M$380.2M
Japan$217.0M$204.1M$221.1M
Germany$200.1M$202.7M$207.6M
France$100.3M$87.8M$88.9M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue40¢$770.3M
  • Research and development15¢$283.3M
  • Other costs36¢$692.5M
  • Income tax3¢$54.2M
  • Profit7¢$144.6M

Out of $1.9B in revenue.6

Where each dollar of operating cash went, fiscal 2025

  • Share buybacks49¢$152.1M
  • Kept or used elsewhere51¢$159.2M

Out of $311.2M of cash from operations.6

Financial statements

Revenue789106$1.9B in 2025−14% since 2019
0$1.0B$2.0B$3.0B2019: $2.3B$2.3B20192020: $2.1B$2.1B2020−8%2021: $2.3B$2.3B2021+9%2022: $2.0B$2.0B2022−11%2023: $1.9B$1.9B2023−3%2024: $1.9B$1.9B2024−1%2025: $1.9B$1.9B2025+1%
Gross profit789106$1.0B in 2025+27% since 2019
0$500.0M$1.0B$1.5B2019: $829.0M$829.0M20192020: $688.0M$688.0M2020−17%2021: $781.9M$781.9M2021+14%2022: $795.2M$795.2M2022+2%2023: $863.0M$863.0M2023+9%2024: $983.0M$983.0M2024+14%2025: $1.0B$1.0B2025+7%
Operating income789106$202.8M in 2025+44% since 2019
0$100.0M$200.0M$300.0M2019: $141.2M$141.2M20192020: $108.8M$108.8M2020−23%2021: $151.9M$151.9M2021+40%2022: $24.3M$24.3M2022−84%2023: $77.2M$77.2M2023+218%2024: $151.4M$151.4M2024+96%2025: $202.8M$202.8M2025+34%
Net income789106$144.6M in 2025+59% since 2019
0$50.0M$100.0M$150.0M2019: $90.7M$90.7M20192020: $71.7M$71.7M2020−21%2021: $134.5M$134.5M2021+88%2022: $9.0M$9.0M2022−93%2023: $53.3M$53.3M2023+495%2024: $111.6M$111.6M2024+109%2025: $144.6M$144.6M2025+30%

Every line of the income statement in the latest annual report, as filed.6

Period ending2025-12-312024-12-312023-12-31
Revenue$1.9B$1.9B$1.9B
Traffic acquisition costs$770.3M$811.8M$926.8M
Other cost of revenue$125.2M$138.5M$159.6M
Gross profit$1.0B$983.0M$863.0M
Research and development expenses$283.3M$279.3M$242.3M
Sales and operations expenses$394.4M$376.1M$406.0M
General and administrative expenses$168.9M$176.1M$137.5M
Total operating expenses$846.6M$831.6M$785.8M
Income from operations$202.8M$151.4M$77.2M
Financial and other income (expense)$809.0K$3.1M-$2.5M
Income before taxes$203.6M$154.5M$74.7M
Provision for income taxes$54.2M$39.8M$20.1M
Net income$149.4M$114.7M$54.6M
Net income attributable to shareholders of Criteo S.A.$144.6M$111.6M$53.3M
Net income attributable to noncontrolling interests$4.8M$3.1M$1.4M
Basic (in shares)52.9M shares54.8M shares56.2M shares
Diluted (in shares)54.8M shares58.6M shares60.2M shares
Basic (in dollars per share)$2.73$2.04$0.95
Diluted (in dollars per share)$2.64$1.90$0.88

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The story

Founded by Franck Le Ouay, Jean-Baptiste Rudelle and Romain Niccoli in 2005, in Paris.1

Criteo was founded in Paris, France, in 2005 by Jean-Baptiste Rudelle, Franck Le Ouay and Romain Niccoli. Criteo spent the first four years focused on R&D, and launched its first product in April 2008. In 2010, Criteo opened an office in Silicon Valley. In 2012, Criteo opened its new headquarters in Paris, France.

On April 7, 2011, Criteo announced that it hired Greg Coleman as president. Previously, Coleman served as president and chief revenue officer of The Huffington Post and executive vice president of global sales for Yahoo!.

In October 2013, the firm completed an initial public offering (IPO), raising US$251 million.

On 1 January 2016, Rudelle became the executive chairman, while Eric Eichmann, who was the president and chief operating officer (COO), was promoted to chief executive officer. In June 2016, Criteo alleged Steelhouse, a rival ad tech company, had falsely taken credit for user visits to retailers' web pages in a lawsuit. Steelhouse countersued, alleging Criteo of false advertising and unfair competition. After an injunction requested by Criteo was denied in October 2016, both parties chose to mutually dropped their lawsuits in November 2016. On 4 October 2016, Criteo acquired HookLogic, a retail exchange, ad server and attribution company focused squarely on retailers, strengthening its ecommerce serving capabilities.

In October 2017, Criteo appointed Mollie Spilman as COO.

With the implementation of the Intelligent Tracking Prevention (ITP) feature from Apple's Safari 11 onwards in September 2017, Criteo's revenue was reduced by $25 million in 2017. However, Criteo reportedly was working on a “sustainable solution for the long-term” at the end of 2017, and had redesigned its "platform architecture" since. Criteo was also impacted by the perception that the General Data Protection Regulation would negatively affect the company.

In April 2018, Rudelle returned as the CEO, with Eichmann being his advisor. Under Rudelle, Criteo slowly transitioned from a single product (web advertising) to a multi-product platform, which included in-app and email advertising. Criteo's revenue did not grow in 2018, and was down 1%.

On 19 October 2019, Megan Clarken was appointed as the new CEO, taking over from Rudelle. Clarken would continue Criteo's transformation plan.

Read the full text

On February 15, 2025, Michael Komasinski took over as CEO and member of the Board, replacing Megan Clarken. Previously, Komasinski was CEO of the Americas, President of Global Data & Technology, and member of the Group Executive Management team at dentsu.

At the end of 2025, it was announced that Criteo would be moving to the United States, via Luxembourg. Les Echos referred to this as an 'exile,' a 'symbol of the French Tech's shortcomings'.

From Wikipedia’s article on Criteo, shared under CC BY-SA 4.0.5

Leadership

Who has led Criteo, and when. Pick a name to see everywhere that person has worked.

2010201520202025

Products and brands

Criteo's product is a form of display advertising, which displays interactive banner advertisements, generated based on the online browsing preferences and behaviour of each customer. The solution operates on a pay per click/cost per click (CPC) basis.

In September 2010, Criteo debuted its self-service cost-per-click (CPC) bidding platform that lets advertisers place bids on display retargeting campaigns and see changes and optimize campaigns in real-time. During 2020 Criteo launched a traffic generation product, which allows advertisers to advertise using purchase intent data, and it also introduced a self-service ad platform for its Criteo Retail Media division that allows advertisers to purchase media space on retailers’ websites.

From Wikipedia’s article on Criteo, shared under CC BY-SA 4.0.5

Timeline

  1. Oct 30, 2013Went public Listed on NASDAQ1
  2. 2005Founded Founded in Paris1

Recent filings

  1. Sep 2, 20264
  2. Sep 2, 20264
  3. Sep 2, 20264
  4. Sep 1, 2026144
  5. Sep 1, 2026144
  6. Sep 1, 2026144
  7. Aug 31, 20264
  8. Aug 31, 20264
  9. Aug 31, 20264
  10. Aug 28, 2026144
  11. Aug 28, 2026144
  12. Aug 28, 2026144
  13. Aug 28, 2026144
  14. Aug 25, 20264
  15. Aug 25, 20264

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2

Sources

The numbers on this page point here. Each one links to the record it came from.

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