Q1 2025 Criteo SA Earnings Call Transcript
Key Points
- Criteo SA (CRTO) reported solid first-quarter results with a 7% year-over-year growth in contribution ex-TAC at constant currency.
- The company activated $335 million in media spend for Retail Media, marking a 21% increase year-over-year.
- Criteo SA (CRTO) has expanded its partnerships, now working with 70% of the top 30 retailers in the US.
- The company is seeing success with its AI-powered Commerce Go tool, which has increased campaign volume by 45% quarter-over-quarter.
- Criteo SA (CRTO) continues to innovate with new product offerings, including on-site video and outcome-based native display, enhancing its Retail Media capabilities.
- A major retail media client will discontinue managed services, impacting growth rates for the Retail Media business starting in Q4 2025.
- The company faces a challenging macroeconomic environment, with softness in certain verticals like beauty and fashion.
- Criteo SA (CRTO) revised its 2025 growth outlook downwards due to macroeconomic headwinds and specific client changes.
- There is a significant impact from the reduced scope of services for two major clients, expected to result in a $25 million negative impact in 2025.
- Despite strong execution, the company acknowledges that it has not yet realized its fullest potential and needs to reaccelerate growth.
Good morning, and welcome to Criteo's first-quarter 2025 earnings call. (Operator Instructions) Please note, this event is being recorded.
I would now like to turn the conference over to Melanie Dambre, Vice President, Investor Relations. Please go ahead.
Good morning, everyone, and welcome to Criteo's first-quarter 2025 earnings call. Joining us on the call today is Chief Executive Officer, Michael Komasinski; and Chief Financial Officer, Michael Komasinski are going to share some prepared remarks. Todd Parsons, our Chief Product Officer, will join us for the Q&A session.
As usual, you will find our investor presentation on our Investor Relations website now as well as the prepared remarks and transcript after the call.
Before we get started, I would like to remind you that our remarks will include forward-looking statements, which reflect Criteo's judgments, assumptions and analysis as of today. Our actual results may differ materially from current expectations based on a
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