Filing Flows › Criteo S.A. (CRTO) › Q1 2025
Criteo S.A. (CRTO) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 2, 2025
Criteo S.A. (CRTO) reported revenue of $451M for the first quarter 2025 (Q1 2025), +0.3% from a year earlier and -18% from the quarter before. Operating margin was 10.7%, net earnings $37.9M (8.4% of revenue).
Criteo S.A., Q1 2025: revenue $451M (+0.3% year over year), operating margin 10.7%, net earnings $37.9M, operating cash flow $62.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $451M | -18% | +0.3% |
| Gross profit | $237M | -21% | +9% |
| Operating profit | $48.2M | -49% | +365% |
| Net earnings | $37.9M | -47% | +424% |
| Operating cash flow | $62.3M | -63% | +345% |
| Free cash flow | $45.2M | — | 262× |
What changed
Revenue was $451.4M in Q1 2025, roughly flat year over year and down 18% from the previous quarter. Performance Media was the largest line at 87% of revenue. Retail Media added $8.6M year over year (up 17%), 626% of the total change. Performance Media declined 2%.
Gross margin was 52.5%, up 4.2 points from a year earlier. Operating profit was $48.2M, a 10.7% margin (up 8.4 points year over year). Of the extra revenue versus a year earlier, 2742% reached operating profit, above the 2% margin then. Operating expenses fell 9% while revenue was flat. Net earnings were $37.9M, up 424% year over year. The effective tax rate was 20.7%.
Operating cash flow was $62.3M (up 345% year over year), 156% of net income including minority interests. Non-cash charges added back $17.1M of share-based compensation. Working capital and other items added $5.2M. Capital expenditures of $17.1M left free cash flow of $45.2M.
Questions
What was Criteo S.A.'s revenue in the first quarter 2025?
Criteo S.A.
Was Criteo S.A. profitable in the first quarter 2025?
Operating profit was $48.2M (10.7% of revenue) and net earnings $37.9M.
Source: Criteo S.A. 10-Q on SEC EDGAR.