Filing Flows › Criteo S.A. (CRTO) › Q3 2026 › vs Q2 2026
Criteo S.A. (CRTO) Q3 2026 vs Q2 2026 (quarter over quarter)
Criteo S.A.'s revenue fell $11.5M (-3%) from $428M in Q2 2026 to $416M in Q3 2026. The biggest changes: Performance Media −$15.6M (-4%); Retail Media +$4.0M (+8%). Gross margin 49.9% against 51.9% (-2.1 pts).
Criteo S.A., Q3 2026: revenue $416M (-11% year over year), operating margin 5.0%, net earnings $5.6M, operating cash flow $56.9M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 49.9% | 51.9% | -2.1 pts |
| Operating margin | 5.0% | 3.5% | +1.5 pts |
| Net margin | 1.3% | 2.6% | -1.3 pts |
| Free cash flow margin | 5.1% | -8.9% | +13.9 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Performance Media | $365M | $380M | −$15.6M | -4% |
| Retail Media | $51.9M | $47.9M | $4.0M | +8% |
| Revenue | $416M | $428M | −$11.5M | -3% |
| Gross profit | $208M | $222M | −$14.5M | -7% |
| Cost of revenue | $209M | $206M | $3.0M | +1% |
| Operating profit | $21.0M | $15.0M | $5.9M | +40% |
| Operating expenses | $187M | $207M | −$20.5M | -10% |
| Pre-tax earnings | $22.0M | $15.3M | $6.7M | +44% |
| Research & development | $57.2M | $71.9M | −$14.7M | -20% |
| Sales & marketing | $87.2M | $85.5M | $1.7M | +2% |
| General & admin | $42.3M | $49.7M | −$7.4M | -15% |
| Net earnings | $5.6M | $11.2M | −$5.6M | -50% |
| Minority interests | $552K | $561K | −$9K | -2% |
| Income tax | $15.9M | $3.6M | $12.3M | +344% |
| Share-based compensation | $9.3M | $16.4M | −$7.1M | -43% |
| Working capital & other | $42.0M | −$7.3M | $49.3M | — |
| Operating cash flow | $56.9M | $20.3M | $36.6M | +181% |
| Free cash flow (OCF − capex) | $21.1M | −$37.9M | $59.0M | — |
| Capital expenditures | $35.8M | $58.2M | −$22.4M | -38% |
Questions
How much did Criteo S.A.'s revenue grow quarter over quarter in Q3 2026?
Criteo S.A.'s revenue fell $11.5M (-3%) from $428M in Q2 2026 to $416M in Q3 2026.
What drove Criteo S.A.'s revenue change in Q3 2026?
Performance Media −$15.6M (-4%); Retail Media +$4.0M (+8%).