Filing Flows › Criteo S.A. (CRTO) › Q2 2025
Criteo S.A. (CRTO) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 31, 2025
Criteo S.A. (CRTO) reported revenue of $483M for the second quarter 2025 (Q2 2025), +2% from a year earlier and +7% from the quarter before. Operating margin was 6.3%, net earnings $21.2M (4.4% of revenue).
Criteo S.A., Q2 2025: revenue $483M (+2% year over year), operating margin 6.3%, net earnings $21.2M, operating cash flow −$1.4M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $483M | +7% | +2% |
| Gross profit | $259M | +9% | +11% |
| Operating profit | $30.5M | -37% | -18% |
| Net earnings | $21.2M | -44% | -21% |
| Operating cash flow | −$1.4M | -102% | — |
What changed
Revenue was $482.7M in Q2 2025, up 2% year over year and up 7% from the previous quarter. Performance Media was the largest line at 87% of revenue. Retail Media added $6.1M year over year (up 11%), 54% of the total change.
Gross margin was 53.6%, up 4.2 points from a year earlier. Operating profit was $30.5M, a 6.3% margin (down 1.5 points year over year). Operating profit fell $6.5M even though revenue rose $11.4M versus a year earlier, so costs grew faster than sales. Operating expenses grew 16% against revenue growth of 2%. The fastest-growing cost line was Research & development (+33%). Net earnings were $21.2M, down 21% year over year. The effective tax rate was 20.0%.
Operating cash flow was −$1.4M. Non-cash charges added back $19.4M of share-based compensation. Working capital and other items used $43.7M. Capital expenditures of $35.3M exceeded it, leaving free cash flow of −$36.6M.
Questions
What was Criteo S.A.'s revenue in the second quarter 2025?
Criteo S.A.
Was Criteo S.A. profitable in the second quarter 2025?
Operating profit was $30.5M (6.3% of revenue) and net earnings $21.2M.
Source: Criteo S.A. 10-Q on SEC EDGAR.