Criteo (CRTO) Investor presentation summary

Strategic positioning and growth drivers

• Positioned as a leading independent commerce intelligence platform with cross-channel, full-funnel, self-service advertising focused on retail media growth trends.

• Competitive advantage stems from a robust commerce data foundation, global scale, and integrated AI-powered solutions.

• Technology leadership is built on 20 years of commerce AI, serving major global retailers and brands.

• Multiple growth drivers include supply expansion, new geographies, demand partnerships, and advanced insights.

• Retail media flywheel effect increases value for brands, retailers, and consumers through data-driven personalization.

Product innovation and AI capabilities

• Commerce Intelligence Platform serves both media buyers and sellers, leveraging over 1 trillion annual ecommerce transactions and 740 million daily active users.

• Agentic commerce solutions enable AI assistants and conversational shopping experiences, enhancing real-time recommendations and campaign automation.

• Model Context Protocol (MCP) ensures seamless interoperability for marketers, publishers, and agencies, integrating AI-driven insights and campaign management.

• Embedded agentic capabilities include Audience Agent and Insights Agent, providing tailored audience building and performance analytics.

• Performance engine scales cross-channel, full-funnel, and self-service campaigns with AI-powered automation.

Financial performance and outlook

• Delivered $1.2B in Contribution ex-TAC in 2025, up 3.5% YoY, with Performance Media up 4% and Retail Media up 2% (16% excluding two clients with scope changes).

• Achieved 35% adjusted EBITDA margin in 2025, with free cash flow conversion of 52%.

• 2026 guidance targets flat to +2% growth at constant currency, with underlying high-single-digit growth excluding a $75M Retail Media headwind.

• Expected 32% to 34% adjusted EBITDA margin in 2026, with continued focus on margin expansion and strong cash generation.

• No long-term debt, $342M in cash, $891M in total liquidity, and increased share repurchase authorization up to $200M.