Criteo Q1 Revenue Drops 6% to $425M, Net Income Falls 79%, Buys Back $31M Shares
Criteo reported Q1 2026 revenue of $425 million, down 6% year-over-year, and GAAP net income plunged 79% to $9 million, with diluted EPS falling to $0.15. Activated media spend topped $1 billion for the first time and the company deployed $31 million for share repurchases while planning Luxembourg redomiciliation in Q3.
1. First Quarter Financial Results
Criteo reported revenue of $425 million in Q1 2026, down 6% year-over-year, with GAAP net income of $9 million, a 79% decline, and diluted EPS of $0.15. Cash from operations fell 23% to $48 million, adjusted EBITDA declined 30% to $65 million, and free cash flow dropped 65% to $16 million.
2. Operational Milestones
Activated media spend surpassed $1 billion for the first time, rising 8% year-over-year at constant currency. The company integrated its ad technology platform with OpenAI’s advertising solution and expanded its GO platform with full self-service access and agentic onboarding for small and mid-sized businesses.
3. Corporate Actions and Outlook
Criteo deployed $31 million for share repurchases in Q1 and received shareholder approval to redomicile from France to Luxembourg, with completion expected in Q3 2026. Management noted a cautious near-term outlook due to macro volatility and lower U.S. media budgets but reaffirmed confidence in AI-driven growth initiatives.