Criteo SA
NASDAQ:CRTO
Income Statement
Earnings Waterfall
Criteo SA
Revenue
|
1.9B
USD
|
Cost of Revenue
|
-1.1B
USD
|
Gross Profit
|
863m
USD
|
Operating Expenses
|
-762.8m
USD
|
Operating Income
|
100.2m
USD
|
Other Expenses
|
-47m
USD
|
Net Income
|
53.3m
USD
|
Income Statement
Criteo SA
Sep-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
559
N/A
|
530
-5%
|
671
+26%
|
777
+16%
|
988
+27%
|
1 158
+17%
|
1 146
-1%
|
1 222
+7%
|
1 323
+8%
|
1 395
+5%
|
1 503
+8%
|
1 594
+6%
|
1 799
+13%
|
1 915
+6%
|
2 049
+7%
|
2 190
+7%
|
2 297
+5%
|
2 344
+2%
|
2 339
0%
|
2 304
-2%
|
2 300
0%
|
2 294
0%
|
2 285
0%
|
2 279
0%
|
2 262
-1%
|
2 207
-2%
|
2 116
-4%
|
2 064
-2%
|
2 073
+0%
|
2 110
+2%
|
2 224
+5%
|
2 262
+2%
|
2 254
0%
|
2 224
-1%
|
2 168
-3%
|
2 106
-3%
|
2 017
-4%
|
1 951
-3%
|
1 925
-1%
|
1 948
+1%
|
1 949
+0%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(362)
|
(340)
|
(429)
|
(501)
|
(633)
|
(743)
|
(734)
|
(784)
|
(851)
|
(897)
|
(967)
|
(1 020)
|
(1 154)
|
(1 231)
|
(1 322)
|
(1 412)
|
(1 475)
|
(1 495)
|
(1 479)
|
(1 458)
|
(1 466)
|
(1 461)
|
(1 457)
|
(1 452)
|
(1 433)
|
(1 415)
|
(1 374)
|
(1 360)
|
(1 385)
|
(1 416)
|
(1 493)
|
(1 506)
|
(1 472)
|
(1 436)
|
(1 378)
|
(1 313)
|
(1 222)
|
(1 159)
|
(1 118)
|
(1 115)
|
(1 086)
|
|
Gross Profit |
197
N/A
|
191
-3%
|
242
+27%
|
277
+14%
|
355
+28%
|
414
+17%
|
412
-1%
|
438
+6%
|
472
+8%
|
498
+6%
|
536
+8%
|
574
+7%
|
645
+12%
|
684
+6%
|
727
+6%
|
777
+7%
|
822
+6%
|
850
+3%
|
860
+1%
|
847
-2%
|
834
-1%
|
834
0%
|
828
-1%
|
827
0%
|
829
+0%
|
792
-5%
|
743
-6%
|
704
-5%
|
688
-2%
|
695
+1%
|
731
+5%
|
756
+3%
|
782
+3%
|
787
+1%
|
789
+0%
|
793
+0%
|
795
+0%
|
793
0%
|
808
+2%
|
833
+3%
|
863
+4%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(190)
|
(178)
|
(214)
|
(246)
|
(301)
|
(350)
|
(349)
|
(369)
|
(393)
|
(413)
|
(441)
|
(472)
|
(521)
|
(567)
|
(612)
|
(654)
|
(677)
|
(691)
|
(693)
|
(686)
|
(685)
|
(684)
|
(683)
|
(679)
|
(674)
|
(646)
|
(607)
|
(578)
|
(559)
|
(546)
|
(561)
|
(573)
|
(597)
|
(617)
|
(701)
|
(727)
|
(771)
|
(820)
|
(757)
|
(779)
|
(763)
|
|
Selling, General & Administrative |
(152)
|
(141)
|
(167)
|
(192)
|
(237)
|
(275)
|
(275)
|
(289)
|
(300)
|
(313)
|
(330)
|
(350)
|
(386)
|
(416)
|
(444)
|
(469)
|
(480)
|
(488)
|
(486)
|
(481)
|
(480)
|
(477)
|
(479)
|
(476)
|
(472)
|
(454)
|
(430)
|
(414)
|
(409)
|
(403)
|
(413)
|
(421)
|
(433)
|
(450)
|
(531)
|
(549)
|
(583)
|
(582)
|
(513)
|
(519)
|
(524)
|
|
Research & Development |
(35)
|
(34)
|
(40)
|
(45)
|
(54)
|
(64)
|
(64)
|
(70)
|
(79)
|
(85)
|
(96)
|
(104)
|
(116)
|
(128)
|
(140)
|
(152)
|
(160)
|
(167)
|
(171)
|
(170)
|
(169)
|
(169)
|
(164)
|
(162)
|
(154)
|
(142)
|
(131)
|
(121)
|
(118)
|
(115)
|
(121)
|
(126)
|
(137)
|
(139)
|
(141)
|
(149)
|
(188)
|
(210)
|
(237)
|
(260)
|
(239)
|
|
Depreciation & Amortization |
(3)
|
(3)
|
(7)
|
(8)
|
(10)
|
(12)
|
(11)
|
(10)
|
(15)
|
(14)
|
(15)
|
(18)
|
(18)
|
(23)
|
(28)
|
(33)
|
(37)
|
(36)
|
(35)
|
(35)
|
(36)
|
(38)
|
(40)
|
(41)
|
(49)
|
(50)
|
(47)
|
(43)
|
(32)
|
(28)
|
(27)
|
(27)
|
(27)
|
(28)
|
(29)
|
(29)
|
0
|
0
|
0
|
0
|
(52)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(28)
|
(7)
|
0
|
52
|
|
Operating Income |
7
N/A
|
13
+84%
|
28
+116%
|
31
+11%
|
54
+76%
|
64
+19%
|
63
-3%
|
69
+10%
|
79
+15%
|
85
+8%
|
95
+12%
|
102
+7%
|
124
+22%
|
117
-5%
|
115
-2%
|
123
+7%
|
145
+18%
|
159
+9%
|
168
+6%
|
161
-4%
|
149
-7%
|
150
+1%
|
145
-3%
|
149
+2%
|
155
+4%
|
146
-6%
|
136
-6%
|
127
-7%
|
129
+2%
|
149
+15%
|
171
+15%
|
183
+7%
|
185
+1%
|
170
-8%
|
89
-48%
|
66
-26%
|
24
-63%
|
(27)
N/A
|
50
N/A
|
54
+8%
|
100
+85%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(8)
|
(5)
|
2
|
10
|
11
|
15
|
11
|
(4)
|
(5)
|
(10)
|
(7)
|
(1)
|
(1)
|
(2)
|
(4)
|
(6)
|
(10)
|
(9)
|
(7)
|
(6)
|
(5)
|
(6)
|
(6)
|
(6)
|
(5)
|
(5)
|
(5)
|
(5)
|
(2)
|
(3)
|
(3)
|
(1)
|
(3)
|
2
|
19
|
21
|
17
|
12
|
(6)
|
(12)
|
(11)
|
|
Non-Reccuring Items |
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(3)
|
(0)
|
(0)
|
(2)
|
(3)
|
(3)
|
(5)
|
(4)
|
(7)
|
(7)
|
(5)
|
(5)
|
(2)
|
(4)
|
(4)
|
(4)
|
(14)
|
(14)
|
(14)
|
(26)
|
(20)
|
(30)
|
(42)
|
(30)
|
(33)
|
(25)
|
(20)
|
(24)
|
0
|
0
|
(20)
|
(17)
|
(23)
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
(0)
|
(0)
|
(1)
|
1
|
1
|
1
|
(0)
|
1
|
1
|
0
|
5
|
5
|
5
|
6
|
1
|
9
|
9
|
8
|
8
|
|
Pre-Tax Income |
(3)
N/A
|
6
N/A
|
27
+374%
|
40
+49%
|
65
+60%
|
79
+22%
|
73
-8%
|
65
-11%
|
72
+11%
|
75
+4%
|
87
+17%
|
98
+12%
|
121
+23%
|
113
-6%
|
106
-6%
|
114
+7%
|
128
+13%
|
143
+12%
|
155
+8%
|
150
-3%
|
142
-5%
|
140
-1%
|
135
-4%
|
139
+3%
|
136
-2%
|
128
-6%
|
118
-7%
|
97
-18%
|
107
+10%
|
117
+9%
|
127
+9%
|
152
+19%
|
154
+1%
|
152
-1%
|
93
-39%
|
69
-26%
|
42
-39%
|
(6)
N/A
|
33
N/A
|
33
+2%
|
75
+124%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(8)
|
(6)
|
(13)
|
(15)
|
(18)
|
(22)
|
(17)
|
(18)
|
(10)
|
(11)
|
(14)
|
(16)
|
(33)
|
(30)
|
(29)
|
(29)
|
(31)
|
(39)
|
(44)
|
(43)
|
(46)
|
(44)
|
(41)
|
(42)
|
(40)
|
(37)
|
(33)
|
(28)
|
(32)
|
(35)
|
(37)
|
(42)
|
(16)
|
(17)
|
(5)
|
1
|
(31)
|
(16)
|
(24)
|
(25)
|
(20)
|
|
Income from Continuing Operations |
(11)
|
(1)
|
14
|
25
|
47
|
57
|
56
|
47
|
62
|
64
|
73
|
82
|
87
|
83
|
77
|
85
|
98
|
104
|
112
|
107
|
96
|
96
|
94
|
97
|
96
|
91
|
85
|
69
|
75
|
82
|
91
|
110
|
138
|
135
|
87
|
70
|
11
|
(23)
|
8
|
9
|
55
|
|
Income to Minority Interest |
0
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(4)
|
(5)
|
(6)
|
(6)
|
(7)
|
(5)
|
(5)
|
(4)
|
(2)
|
(7)
|
(8)
|
(9)
|
(10)
|
(5)
|
(4)
|
(3)
|
(1)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
|
Net Income (Common) |
(11)
N/A
|
(1)
+90%
|
13
N/A
|
24
+90%
|
46
+89%
|
55
+20%
|
54
-1%
|
45
-18%
|
60
+34%
|
62
+3%
|
70
+14%
|
78
+12%
|
82
+5%
|
78
-6%
|
71
-8%
|
78
+9%
|
91
+18%
|
99
+8%
|
106
+8%
|
104
-3%
|
89
-14%
|
88
-1%
|
85
-3%
|
87
+2%
|
91
+5%
|
87
-4%
|
82
-6%
|
68
-17%
|
72
+5%
|
79
+10%
|
88
+12%
|
106
+21%
|
135
+27%
|
133
-1%
|
84
-36%
|
67
-20%
|
9
-87%
|
(23)
N/A
|
7
N/A
|
8
+4%
|
53
+601%
|
|
EPS (Diluted) |
-0.2
N/A
|
-0.01
+95%
|
0.22
N/A
|
0.39
+77%
|
0.72
+85%
|
0.86
+19%
|
0.84
-2%
|
0.68
-19%
|
0.91
+34%
|
0.94
+3%
|
1.08
+15%
|
1.18
+9%
|
1.25
+6%
|
1.17
-6%
|
1.04
-11%
|
1.15
+11%
|
1.36
+18%
|
1.47
+8%
|
1.58
+7%
|
1.51
-4%
|
1.31
-13%
|
1.33
+2%
|
1.29
-3%
|
1.3
+1%
|
1.38
+6%
|
1.4
+1%
|
1.32
-6%
|
1.12
-15%
|
1.16
+4%
|
1.22
+5%
|
1.35
+11%
|
1.65
+22%
|
2.09
+27%
|
2.07
-1%
|
1.4
-32%
|
1.06
-24%
|
0.14
-87%
|
-0.41
N/A
|
0.13
N/A
|
0.12
-8%
|
0.88
+633%
|