Earnings release
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CRITEO Exhibit 99.1 CRITEO REPORTS STRONG FINANCIAL RESULTS IN THIRD QUARTER 2021 Raises Outlook for Fiscal 2021 Revenue ex - TAC and Adjusted EBITDA margin Announces Extension of Share Repurchase Authorization from $ 100 million to $ 175 million NEW YORK - November 3 , 2021 - Criteo S.A. ( NASDAQ : CRTO ) ( " Criteo " or the " Company " ) , the global technology company that provides the world's leading Commerce Media Platform , today announced financial results for the third quarter ended September 30 , 2021 that exceeded the Company's quarterly guidance . Third Quarter 2021 Financial Highlights : The following table summarizes our consolidated financial results for the three and nine months ended September 30 , 2021 and 2020 : Three Months Ended September 30 , 2021 2020 YOY Change 2021 Nine Months Ended September 30 , 2020 YOY Change ( in millions , except EPS data ) GAAP Results Revenue $ 509 $ 470 Gross Profit $ 176 $ 151 8 % $ 16 % $ 1,601 $ 1,411 13 % 538 $ 470 14 % Net Income $ 24 $ 5 358 % $ 63 28 125 % Diluted EPS $ 0.37 $ 0.09 311 % $ 0.94 Cash from operating activities $ 51 $ 51 - % $ 155 Net cash position $ 497 $ 627 ( 21 ) % $ 497 SA SA SA $ 0.43 119 % $ 141 10 % $ 627 ( 21 ) % Non - GAAP Results 1 Revenue ex - TAC $ EA 211 $ 186 13 % $ 645 $ 572 13 % Revenue ex - TAC margin Adjusted EBITDA 41 % 40 % 1ppt 40 % 41 % ( 1 ) ppt $ 68 $ 49 Adjusted diluted EPS $ 0.64 $ 0.40 Free Cash Flow ( FCF ) $ 35 $ 38 FCF / Adjusted EBITDA 51 % 77 % 38 % $ 60 % $ ( 8 ) % $ ( 26 ) ppt 212 1.94 112 $ EA SASA $ 148 43 % $ 1.18 64 % 98 14 % 53 % 66 % ( 13 ) ppt " We achieved yet another strong quarter of double - digit growth , driven by the acceleration of our new solutions and healthy performance in retargeting , " said Megan Clarken , Chief Executive Officer . " As a global powerhouse in commerce media , we are focused on delivering the best performing commerce audiences at scale for our large and growing base of 22,000 marketer and brand customers across the open Internet . The sustained momentum in our company transformation and solid execution of our Commerce Media Platform strategy position us well to drive long - term sustainable growth and shareholder