Criteo Reports $469.7 Million Revenue in Q3 2025, Net Income Surges 552%

Criteo S.A. reported a revenue of $469.7 million for the third quarter of 2025, marking a 2% increase from $458.9 million in the same period last year. The growth was primarily driven by a 10% rise in Retail Media revenue, which reached $67.1 million, and a slight increase in Performance Media revenue, which totaled $402.5 million. For the nine months ending September 30, 2025, total revenue also increased by 2% to $1.4 billion, compared to $1.38 billion in the prior year. The company noted that 90% of its quarterly revenue came from existing clients, with the remaining 10% from new client acquisitions.

Criteo's net income for the third quarter surged to $40.1 million, a significant increase of 552% compared to $6.1 million in the same quarter of 2024. This rise in profitability was attributed to higher gross profit, which increased by 11% to $256.5 million, and a reduction in operating expenses. The company's Adjusted EBITDA also saw a notable increase of 28%, reaching $105.1 million for the quarter. For the nine-month period, net income rose to $103 million, up 141% from $42.8 million in the previous year.

Operationally, Criteo has made strides in its strategic initiatives, particularly in expanding its Commerce Media Platform. The company has focused on leveraging first-party data and artificial intelligence to enhance its advertising capabilities. Additionally, Criteo has been actively managing its share repurchase program, having repurchased $115.4 million worth of shares in the first nine months of 2025, as part of a broader authorization extended to $805 million.

Geographically, Criteo's revenue performance varied, with the Americas region experiencing a 2% decline to $201.9 million, while EMEA revenue increased by 8% to $174.3 million, and Asia-Pacific revenue rose by 3% to $93.3 million. The company reported that its cash and cash equivalents stood at $255.3 million as of September 30, 2025, reflecting a decrease from the previous year, primarily due to cash used in financing activities.

Looking ahead, Criteo anticipates continued growth driven by its Commerce Media Platform and plans to adapt to evolving market conditions, including potential impacts from global economic factors. The company is also preparing for a strategic redomiciliation from France to Luxembourg, which is expected to enhance its operational flexibility and shareholder structure.