Filing Flows › Criteo S.A. (CRTO) › Q2 2026 › vs Q1 2026
Criteo S.A. (CRTO) Q2 2026 vs Q1 2026 (quarter over quarter)
Criteo S.A.'s revenue rose $3.4M (+0.8%) from $425M in Q1 2026 to $428M in Q2 2026. The biggest changes: Retail Media +$6.6M (+16%); Performance Media −$3.3M (-0.8%). Gross margin 51.9% against 52.5% (-0.5 pts).
Criteo S.A., Q2 2026: revenue $428M (-11% year over year), operating margin 3.5%, net earnings $11.2M, operating cash flow $20.3M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 51.9% | 52.5% | -0.5 pts |
| Operating margin | 3.5% | 2.4% | +1.1 pts |
| Net margin | 2.6% | 1.8% | +0.8 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Performance Media | $380M | $383M | −$3.3M | -0.8% |
| Retail Media | $47.9M | $41.3M | $6.6M | +16% |
| Revenue | $428M | $425M | $3.4M | +0.8% |
| Gross profit | $222M | $223M | −$528K | -0.2% |
| Cost of revenue | $206M | $202M | $3.9M | +2% |
| Operating profit | $15.0M | $10.4M | $4.6M | +44% |
| Operating expenses | $207M | $212M | −$5.1M | -2% |
| Pre-tax earnings | $15.3M | $12.3M | $3.1M | +25% |
| Research & development | $71.9M | $69.7M | $2.3M | +3% |
| Sales & marketing | $85.5M | $97.5M | −$12.0M | -12% |
| General & admin | $49.7M | $45.2M | $4.6M | +10% |
| Net earnings | $11.2M | $7.8M | $3.4M | +43% |
| Minority interests | $561K | $763K | −$202K | -26% |
| Income tax | $3.6M | $3.7M | −$117K | -3% |
| Share-based compensation | $16.4M | $13.3M | $3.0M | +23% |
| Working capital & other | $7.3M | −$27.0M | $34.3M | — |
| Operating cash flow | $20.3M | $48.2M | −$27.9M | -58% |
| Capital expenditures | $58.2M | $32.8M | $25.4M | +77% |
| Negative free cash flow (OCF − capex) | $37.9M | −$15.4M | $53.3M | — |
Questions
How much did Criteo S.A.'s revenue grow quarter over quarter in Q2 2026?
Criteo S.A.'s revenue rose $3.4M (+0.8%) from $425M in Q1 2026 to $428M in Q2 2026.
What drove Criteo S.A.'s revenue change in Q2 2026?
Retail Media +$6.6M (+16%); Performance Media −$3.3M (-0.8%).