Criteo SA (CRTO) shares soared 7.50% in pre-market trading on Wednesday, following the release of its financial outlook for 2025. Despite projecting a slight decline in Q2 2025 Contribution ex-TAC, investors appear to be focusing on the company's positive long-term prospects and growth in key segments.

According to the consensus compiled from 13 analyst models, Criteo expects its Q2 2025 Contribution ex-TAC to be $275.1 million, representing a 1% year-over-year decline at constant currency. However, the outlook improves for subsequent periods, with Q3 2025 projected to see a 4% year-over-year increase to $276.9 million. For the full year 2025, Criteo forecasts a total Contribution ex-TAC of $1,154.1 million, marking a 2% growth at constant currency.

Investors seem particularly encouraged by the robust growth projections in Criteo's Retail Media sector. This segment is expected to generate a Contribution ex-TAC of $60.0 million in Q2 2025, an 11% year-over-year increase, with similar growth forecasted for Q3. The annual outlook for Retail Media stands at $267.6 million, representing a 5% growth rate. Additionally, Criteo's focus on profitability is evident in its Adjusted EBITDA projections, with an estimated $384.3 million for the full year 2025 and an impressive Adjusted EBITDA Margin of 33.3%. These positive indicators appear to be outweighing concerns about the slight decline in Q2 numbers, driving the significant pre-market stock surge.