Filing Flows › Criteo S.A. (CRTO) › How it makes money
How Criteo S.A. (CRTO) makes money
Criteo S.A. (CRTO) made $416M of revenue in the third quarter 2026 (Q3 2026), -11% from a year earlier. Performance Media brought in $365M (88%); Retail Media brought in $51.9M (12%). Of every dollar of revenue, 50¢ was left as gross profit, 5¢ was left as operating profit, 1¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Performance Media | $365M | 87.5% | -4% | -9% |
| Retail Media | $51.9M | 12.5% | +8% | -23% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $416M | 100.0% |
| Cost of revenue | $209M | 50.1% |
| Gross profit | $208M | 49.9% |
| Operating expenses | $187M | 44.8% |
| Operating profit | $21.0M | 5.0% |
| Income tax | $15.9M | 3.8% |
| Net earnings | $5.6M | 1.3% |
| Operating cash flow | $56.9M | 13.7% |
| Free cash flow | $21.1M | 5.1% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $416M | -11% |
| Q2 2026 | $428M | -11% |
| Q1 2026 | $425M | -6% |
| Q2 2025 | $483M | +2% |
| Q1 2025 | $451M | +0.3% |
| Q4 2024 | $553M | -2% |
From Criteo S.A.'s 10-Q filed Nov 4, 2026 (on EDGAR).
Questions
How does Criteo S.A. make money?
Criteo S.A. (CRTO) made $416M of revenue in the third quarter 2026 (Q3 2026), -11% from a year earlier. Performance Media brought in $365M (88%); Retail Media brought in $51.9M (12%). Of every dollar of revenue, 50¢ was left as gross profit, 5¢ was left as operating profit, 1¢ was left as net earnings.
What is Criteo S.A.'s biggest business?
Performance Media: $365M in the third quarter 2026, 88% of revenue, -9% from a year earlier.
What is Criteo S.A.'s profit margin?
Net earnings were $5.6M, 1.3% of revenue, in the third quarter 2026; the operating margin was 5.0%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.