Criteo SA has released its financial outlook for the upcoming quarters, based on a consensus compiled from 13 analyst models. The company anticipates a Contribution ex-TAC of $275.1 million for Q2 2025, reflecting a year-over-year growth of -1% at constant currency. For Q3 2025, the Contribution ex-TAC is expected to rise slightly to $276.9 million, marking a 4% year-over-year increase. On an annual basis, Criteo forecasts a total Contribution ex-TAC of $1,154.1 million for 2025, representing a 2% growth at constant currency. The Performance Media segment is projected to contribute $215.1 million in Q2 2025, with a modest 1% growth year-over-year, and $210.9 million in Q3 2025, up by 2% year-over-year. For the year 2025, Performance Media is expected to generate $886.4 million, a 2% increase from the previous year. The Retail Media sector shows more robust growth projections, with a Contribution ex-TAC of $60.0 million for Q2 2025, reflecting an 11% year-over-year increase. This upward trend is expected to continue into Q3 2025, with a forecast of $66.3 million, also an 11% increase year-over-year. The annual outlook for Retail Media is set at $267.6 million, which translates to a 5% growth rate. Criteo's Adjusted EBITDA is estimated at $65.9 million for Q2 2025, increasing to $82.8 million in Q3 2025, with an annual forecast of $384.3 million. The Adjusted EBITDA Margin is projected at 24.0% for Q2, 29.9% for Q3, and 33.3% for the full year 2025. These figures highlight Criteo's focus on maintaining profitability while navigating a dynamic market landscape.
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