Criteo S.A. Files Q3 2024 Quarterly Report

Ticker: CRTO · Form: 10-Q · Filed: Oct 30, 2024 · CIK: 1576427

Criteo S.A. 10-Q Filing Summary
FieldDetail
CompanyCriteo S.A. (CRTO)
Form Type10-Q
Filed DateOct 30, 2024
Risk Levellow
Pages16
Reading Time19 min
Sentimentneutral

Sentiment: neutral

Topics: 10-Q, quarterly-report, sec-filing

Related Tickers: CRTO

TL;DR

CRTO filed its Q3 2024 10-Q, all good on reporting requirements.

AI Summary

Criteo S.A. filed its quarterly report for the period ended September 30, 2024. The company, registered under commission file number 001-36153, is incorporated in France and trades its American Depositary Shares under the symbol CRTO on the Nasdaq Global Select Market. The filing indicates Criteo has met its reporting requirements for the preceding 12 months and the past 90 days.

Why It Matters

This filing provides investors with an update on Criteo's financial performance and operational status for the third quarter of 2024, crucial for assessing the company's trajectory.

Risk Assessment

Risk Level: low — This is a standard quarterly filing and does not contain immediate red flags or significant new disclosures.

Key Players & Entities

  • Criteo S.A. (company) — Registrant
  • 001-36153 (company) — Commission file number
  • CRTO (company) — Trading Symbol
  • Nasdaq Global Select Market (company) — Exchange
  • September 30, 2024 (date) — Quarterly period end date

FAQ

What is the commission file number for Criteo S.A.?

The commission file number for Criteo S.A. is 001-36153.

On which exchange are Criteo's American Depositary Shares traded?

Criteo's American Depositary Shares are traded on the Nasdaq Global Select Market.

What is the trading symbol for Criteo's American Depositary Shares?

The trading symbol for Criteo's American Depositary Shares is CRTO.

For what period is this quarterly report filed?

This quarterly report is filed for the quarterly period ended September 30, 2024.

Has Criteo S.A. submitted all required reports for the preceding 12 months?

Yes, the filing indicates that Criteo S.A. has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months.

Filing Stats: 4,852 words · 19 min read · ~16 pages · Grade level 16.9 · Accepted 2024-10-30 09:05:24

Filing Documents

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 28 Item 3

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 43 Item 4

Controls and Procedures

Controls and Procedures 44 PART II OTHER INFORMATION 45 Item 1

Legal Proceedings

Legal Proceedings 45 Item 1A

Risk Factors

Risk Factors 45 Item 2 Unregistered Sales of Equity Securities and Use of Proceeds 58 Item 5 Other Information 58 Item 6 Exhibits 46

Signatures

Signatures 48 General Except where the context otherwise requires, all references in this Quarterly Report on Form 10-Q ("Form 10-Q") to the "Company," "Criteo," "we," "us," "our" or similar words or phrases are to Criteo S.A. and its subsidiaries, taken together. In this Form 10-Q, references to "

quot; and "US
quot; are to United States dollars. Our unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America, or "GAAP." Trademarks "Criteo," the Criteo logo and other trademarks or service marks of Criteo appearing in this Form 10-Q are the property of Criteo. Trade names, trademarks and service marks of other companies appearing in this Form 10-Q are the property of their respective holders. Special Note Regarding Forward-Looking Statements This Form 10-Q contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), that are based on our management's beliefs and assumptions and on information currently available to our management. All statements other than present and historical facts and conditions contained in this Form 10-Q, including statements regarding our future results of operations and financial position, business strategy, plans and objectives for future operations, are forward-looking statements. When used in this Form 10-Q, the words "anticipate," "believe," "can," "could," "estimate," "expect," "intend," "is designed to," "may," "might," "objective," "plan," "potential," "predict," "project," "seek," "should," "will," "would," or the negative of these and similar expressions identify forward-looking statements. You should refer to Item 1A "Risk Factors" of our Annual Report on Form 10-K for the year ended December 31, 2023, and to our subsequent quarterly reports on Form 10-Q, for a discu

Financial Statements

Item 1. Financial Statements 2 CRITEO S.A. CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (UNAUDITED) Notes September 30, 2024 December 31, 2023 (in thousands) Assets Current assets: Cash and cash equivalents 3 $ 208,740 $ 336,341 Trade receivables, net of allowances of $ 35.1 million and $ 43.3 million at September 30, 2024 and December 31, 2023, respectively. 4 646,283 775,589 Income taxes 12 9,785 2,065 Other taxes 132,370 109,306 Other current assets 5 44,879 48,291 Restricted cash 3 75,250 75,000 Marketable securities - current portion 3 23,010 5,970 Total current assets 1,140,317 1,352,562 Property, plant and equipment, net 116,866 126,494 Intangible assets, net 170,359 180,888 Goodwill 526,569 524,197 Right of use assets - operating lease 7 110,350 112,487 Marketable securities - non-current portion 3 5,598 16,575 Non-current financial assets 4,957 5,294 Other non-current assets 5 62,216 60,742 Deferred tax assets 71,128 52,680 Total non-current assets 1,068,043 1,079,357 Total assets $ 2,208,360 $ 2,431,919 Liabilities and shareholders' equity Current liabilities: Trade payables $ 629,997 $ 838,522 Contingencies - current portion 14 1,604 1,467 Income taxes 12 15,490 17,213 Financial liabilities - current portion 3 4,753 3,389 Lease liability - operating - current portion 7 26,159 35,398 Other taxes 83,401 66,659 Employee - related payables 104,095 113,287 Other current liabilities 6 109,118 104,552 Total current liabilities 974,617 1,180,487 Deferred tax liabilities 3,182 1,083 Defined benefit plans 8 4,938 4,123 Financial liabilities - non-current portion 3 320 77 Lease liability - operating - non-current portion 7 87,321 83,051 Contingencies - non-current portion 14 31,939 32,625 Other non-current liabilities 6 20,536 19,082 Total non-current liabilities 148,236 140,041 Total liabilities $ 1,122,853 $ 1,320,528 Commitments and contingencies Shareholders' equity: Common shares, 0.025 par value,

View Full Filing

View this 10-Q filing on SEC EDGAR

View on ReadTheFiling | About | Contact | Privacy | Terms

Data from SEC EDGAR. Not affiliated with the SEC. Not investment advice. © 2026 OpenDataHQ.