Filing Flows › Criteo S.A. (CRTO) › Q3 2026 › vs Q3 2025
Criteo S.A. (CRTO) Q3 2026 vs Q3 2025 (year over year)
Criteo S.A.'s revenue fell $53.2M (-11%) from $470M in Q3 2025 to $416M in Q3 2026. The biggest changes: Performance Media −$38.0M (-9%); Retail Media −$15.2M (-23%). Gross margin 49.9% against 54.6% (-4.7 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 49.9% | 54.6% | -4.7 pts |
| Operating margin | 5.0% | 11.0% | -6.0 pts |
| Net margin | 1.3% | 8.0% | -6.7 pts |
| Free cash flow margin | 5.1% | 14.2% | -9.1 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Performance Media | $365M | $403M | −$38.0M | -9% |
| Retail Media | $51.9M | $67.1M | −$15.2M | -23% |
| Revenue | $416M | $470M | −$53.2M | -11% |
| Gross profit | $208M | $256M | −$48.8M | -19% |
| Cost of revenue | $209M | $213M | −$4.4M | -2% |
| Operating profit | $21.0M | $51.6M | −$30.7M | -59% |
| Operating expenses | $187M | $205M | −$18.1M | -9% |
| Pre-tax earnings | $22.0M | $51.6M | −$29.6M | -57% |
| Research & development | $57.2M | $67.7M | −$10.5M | -15% |
| Sales & marketing | $87.2M | $87.0M | $234K | +0.3% |
| General & admin | $42.3M | $50.2M | −$7.9M | -16% |
| Net earnings | $5.6M | $37.8M | −$32.2M | -85% |
| Minority interests | $552K | $2.3M | −$1.7M | -76% |
| Income tax | $15.9M | $11.5M | $4.4M | +38% |
| Share-based compensation | $9.3M | $15.5M | −$6.2M | -40% |
| Working capital & other | $42.0M | $36.3M | $5.7M | +16% |
| Operating cash flow | $56.9M | $89.6M | −$32.7M | -36% |
| Free cash flow (OCF − capex) | $21.1M | $66.6M | −$45.5M | -68% |
| Capital expenditures | $35.8M | $23.0M | $12.9M | +56% |
Questions
How much did Criteo S.A.'s revenue grow year over year in Q3 2026?
Criteo S.A.'s revenue fell $53.2M (-11%) from $470M in Q3 2025 to $416M in Q3 2026.
What drove Criteo S.A.'s revenue change in Q3 2026?
Performance Media −$38.0M (-9%); Retail Media −$15.2M (-23%).