Criteo Reports Q3 2026 Revenue Decline Amid Enterprise Client Spending Reductions
Criteo (CRTO) reported a challenging third quarter for fiscal year 2026, with total revenue falling 11% to $416 million. The decline was primarily driven by reduced spending from large enterprise clients and specific scope reductions within the retail media segment. Contribution ex-TAC dropped 15% at constant currency to $240 million, reflecting headwinds in both performance media and discretionary fashion demand. Despite these top-line pressures, Criteo demonstrated operational efficiency, reporting an Adjusted EBITDA of $65 million with a 27% margin, exceeding internal expectations due to lower hiring and bonus accruals. The company is seeing significant momentum in new business pipelines, which grew 72% year-over-year, and expansion in high-growth areas such as Connected TV (CTV) and AI platform integrations via OpenAI.
Tickers: $CRTO
Topics: EBITDA margin Fiscal Year Guidance Retail Media performance Revenue decline