Criteo (CRTO) 10-Q2 Nov 232023 Q3 Quarterly reportFinancial data

Company Profile

Cover Page

Cover Page - shares	9 Months Ended
Cover Page - shares	Sep. 30, 2023	Oct. 31, 2023
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2023
Document Transition Report	false
Entity File Number	001-36153
Entity Registrant Name	Criteo S.A.
Entity Incorporation, State or Country Code	I0
Entity Address, Address Line One	32 Rue Blanche
Entity Address, City or Town	Paris
Entity Address, Country	FR
Entity Address, Postal Zip Code	75009
Country Region	33
City Area Code	75
Local Phone Number	85 09 39
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		56,420,382
Entity Central Index Key	0001576427
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Amendment Flag	false
American Depositary Shares
Document Information [Line Items]
Title of 12(b) Security	American Depositary Shares, each representing one Ordinary Share,nominal value €0.025 per share
Trading Symbol	CRTO
Security Exchange Name	NASDAQ
Ordinary Shares
Document Information [Line Items]
Title of 12(b) Security	Ordinary Shares, nominal value €0.025 per share
Security Exchange Name	NASDAQ
No Trading Symbol Flag	true

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (UNAUDITED) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 194,857	$ 348,200
Trade receivables, net of allowances of $ 49.4 million and $ 47.8 million at September 30, 2023 and December 31, 2022, respectively	624,562	708,949
Income taxes	29,916	23,609
Other taxes	87,465	78,274
Other current assets	42,052	51,866
Restricted cash - current	75,000	25,000
Marketable securities - current portion	21,091	25,098
Total current assets	1,074,943	1,260,996
Property, plant and equipment, net	134,241	131,207
Intangible assets, net	174,029	175,983
Goodwill	518,655	515,140
Right of use assets - operating lease	112,178	102,176
Restricted cash - non-current	0	75,000
Marketable securities - non-current portion	15,891	0
Non-current financial assets	4,977	5,928
Other non-current assets	49,719	50,818
Deferred tax assets	56,010	31,646
Total non-current assets	1,065,700	1,087,898
Total assets	2,140,643	2,348,894
Current liabilities:
Trade payables	668,550	742,918
Contingencies - current portion	1,608	65,759
Income taxes	1,633	13,037
Financial liabilities - current portion	672	219
Lease liability - operating - current portion	35,296	31,003
Other taxes	59,584	58,031
Employee - related payables	100,483	85,569
Other current liabilities	93,115	83,457
Total current liabilities	960,941	1,079,993
Deferred tax liabilities	3,427	3,463
Defined benefit plans	4,034	3,708
Financial liabilities - non-current portion	74	74
Lease liability - operating - non-current portion	83,004	77,536
Contingencies - non-current portion	32,625	33,788
Other non-current liabilities	21,688	69,226
Total non-current liabilities	144,852	187,795
Total liabilities	1,105,793	1,267,788
Shareholders' equity:
Common shares, €0.025 par value, 63,350,663 and 63,248,728 shares authorized, issued and outstanding at September 30, 2023 and December 31, 2022, respectively.	2,082	2,079
Treasury stock,7,094,574 and 5,985,104 shares at cost as of September 30, 2023 and December 31, 2022, respectively.	(212,094)	(174,293)
Additional paid-in capital	811,381	734,492
Accumulated other comprehensive loss	(100,482)	(91,890)
Retained earnings	504,346	577,653
Equity-attributable to shareholders of Criteo S.A.	1,005,233	1,048,041
Non-controlling interests	29,617	33,065
Total equity	1,034,850	1,081,106
Total equity and liabilities	$ 2,140,643	$ 2,348,894

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (UNAUDITED) (Parenthetical) $ in Thousands	Sep. 30, 2023 € / shares	Sep. 30, 2023 USD ($) shares	Dec. 31, 2022 € / shares	Dec. 31, 2022 USD ($) shares
Statement of Financial Position [Abstract]
Trade receivables, allowances \| $		$ 49,415		$ 47,792
Common shares par value (in euro per share) \| € / shares	€ 0.025		€ 0.025
Common shares authorized (in shares)		63,350,663		63,248,728
Common shares issued (in shares)		63,350,663		63,248,728
Common shares outstanding (in shares)		63,350,663		63,248,728
Treasury stock (in shares)		7,094,574		5,985,104

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Income Statement [Abstract]
Revenue	$ 469,193	$ 446,921	$ 1,383,143	$ 1,452,578
Cost of revenue:
Traffic acquisition costs	(223,798)	(233,543)	(676,913)	(807,758)
Other cost of revenue	(40,268)	(33,771)	(119,812)	(96,214)
Gross profit	205,127	179,607	586,418	548,606
Operating expenses:
Research and development expenses	(62,522)	(42,725)	(193,887)	(118,248)
Sales and operations expenses	(94,572)	(90,051)	(308,325)	(278,363)
General and administrative expenses	(36,599)	(42,353)	(95,306)	(176,361)
Total operating expenses	(193,693)	(175,129)	(597,518)	(572,972)
Income (loss) from operations	11,434	4,478	(11,100)	(24,366)
Financial and Other income (expense)	(2,967)	3,485	2,008	23,927
Income (loss) before taxes	8,467	7,963	(9,092)	(439)
Provision for income tax (expense) benefit	(1,832)	(1,442)	1,685	(4,735)
Net Income (loss)	6,635	6,521	(7,407)	(5,174)
Net income (loss) available to shareholders of Criteo S.A.	6,927	6,579	(7,758)	(6,448)
Net income (loss) available to non-controlling interests	$ (292)	$ (58)	$ 351	$ 1,274
Weighted average shares outstanding used in computing per share amounts:
Basic shares :	56,297,666	60,318,114	56,173,218	60,431,597
Weighted average number of shares outstanding used to determine diluted earnings per share	60,172,953	63,235,811	56,173,218	60,431,597
Net income (loss) allocated to shareholders per share:
Net income allocated to shareholders, basic (in dollars per share)	$ 0.12	$ 0.11	$ (0.14)	$ (0.11)
Net income allocated to shareholders, diluted (in dollars per share)	$ 0.12	$ 0.10	$ (0.14)	$ (0.11)

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 6,635	$ 6,521	$ (7,407)	$ (5,174)
Foreign currency translation differences, net of taxes	(10,458)	(30,896)	(12,593)	(101,624)
Actuarial gains (losses) on employee benefits, net of taxes	426	409	283	2,944
Other comprehensive loss	(10,032)	(30,487)	(12,310)	(98,680)
Total comprehensive loss	(3,397)	(23,966)	(19,717)	(103,854)
Attributable to shareholders of Criteo S.A.	(2,198)	(22,142)	(16,295)	(97,806)
Attributable to non-controlling interests	$ (1,199)	$ (1,824)	$ (3,422)	$ (6,048)

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (UNAUDITED) - USD ($) $ in Thousands		Total	Equity - attributable to shareholders of Criteo S.A.	Share capital	Treasury Stock	Additional paid-in capital	Accumulated Other Comprehensive Income (Loss)	Retained Earnings	Non controlling interest
Beginning balance (in shares) at Dec. 31, 2021				65,883,347	5,207,873
Beginning balance at Dec. 31, 2021		$ 1,198,320	$ 1,163,131	$ 2,149	$ (131,560)	$ 731,248	$ (40,294)	$ 601,588	$ 35,189
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		21,278	20,587					20,587	691
Other comprehensive income (loss)		(18,132)	(16,207)				(16,207)		(1,925)
Issuance of ordinary shares (in shares)				22,047
Issuance of ordinary shares		320	320	$ 1		319
Change in treasury stocks (in shares)	[1]				(119,771)
Change in treasury stocks	[1]	(8,304)	(8,304)		$ (5,770)			(2,534)
Share-Based Compensation		9,041	8,948			8,948			93
Other changes in equity		0
Ending balance (in shares) at Mar. 31, 2022				65,905,394	5,327,644
Ending balance at Mar. 31, 2022		1,202,523	1,168,475	$ 2,150	$ (137,330)	740,515	(56,501)	619,641	34,048
Beginning balance (in shares) at Dec. 31, 2021				65,883,347	5,207,873
Beginning balance at Dec. 31, 2021		1,198,320	1,163,131	$ 2,149	$ (131,560)	731,248	(40,294)	601,588	35,189
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		(5,174)
Other comprehensive income (loss)		(98,680)
Ending balance (in shares) at Sep. 30, 2022				64,985,388	5,049,409
Ending balance at Sep. 30, 2022		1,076,900	1,047,469	$ 2,125	$ (152,889)	760,666	(131,651)	569,218	29,431
Beginning balance (in shares) at Mar. 31, 2022				65,905,394	5,327,644
Beginning balance at Mar. 31, 2022		1,202,523	1,168,475	$ 2,150	$ (137,330)	740,515	(56,501)	619,641	34,048
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		(32,972)	(33,613)					(33,613)	641
Other comprehensive income (loss)		(50,061)	(46,430)				(46,430)		(3,631)
Issuance of ordinary shares (in shares)				(111,362)
Issuance of ordinary shares		110	110			110
Change in treasury stocks (in shares)	[1]				62,251
Change in treasury stocks	[1]	(21,033)	(21,033)	$ (3)	$ (11,179)	(1,342)		(8,509)
Share-Based Compensation		11,549	11,452			11,452			97
Other changes in equity		72	72			39		33
Ending balance (in shares) at Jun. 30, 2022				65,794,032	5,265,393
Ending balance at Jun. 30, 2022		1,110,188	1,079,033	$ 2,147	$ (148,509)	750,774	(102,931)	577,552	31,155
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		6,521	6,579					6,579	(58)
Other comprehensive income (loss)		(30,487)	(28,720)				(28,720)		(1,767)
Issuance of ordinary shares (in shares)				(808,644)
Issuance of ordinary shares		1	1	$ 1
Change in treasury stocks (in shares)	[1]				215,984
Change in treasury stocks	[1]	(29,846)	(29,846)	$ (23)	$ (4,380)	(10,530)		(14,913)
Share-Based Compensation		20,523	20,422			20,422			101
Other changes in equity		0
Ending balance (in shares) at Sep. 30, 2022				64,985,388	5,049,409
Ending balance at Sep. 30, 2022		1,076,900	1,047,469	$ 2,125	$ (152,889)	760,666	(131,651)	569,218	29,431
Beginning balance (in shares) at Dec. 31, 2022				63,248,728	5,985,104
Beginning balance at Dec. 31, 2022		1,081,106	1,048,041	$ 2,079	$ (174,293)	734,492	(91,890)	577,653	33,065
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		(12,071)	(11,809)					(11,809)	(262)
Other comprehensive income (loss)		6,179	6,475				6,475		(296)
Issuance of ordinary shares (in shares)				67,968
Issuance of ordinary shares		1,297	1,297	$ 2		1,295
Change in treasury stocks (in shares)	[2]				(1,338,049)
Change in treasury stocks	[2]	(51,029)	(51,029)		$ (37,107)			(13,922)
Share-Based Compensation		24,707	24,610			24,610			97
Other changes in equity		0
Ending balance (in shares) at Mar. 31, 2023				63,316,696	7,323,153
Ending balance at Mar. 31, 2023		1,050,189	1,017,585	$ 2,081	$ (211,400)	760,397	(85,415)	551,922	32,604
Beginning balance (in shares) at Dec. 31, 2022				63,248,728	5,985,104
Beginning balance at Dec. 31, 2022		1,081,106	1,048,041	$ 2,079	$ (174,293)	734,492	(91,890)	577,653	33,065
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		(7,407)
Other comprehensive income (loss)		(12,310)
Ending balance (in shares) at Sep. 30, 2023				63,350,663	7,094,574
Ending balance at Sep. 30, 2023		1,034,850	1,005,231	$ 2,082	$ (212,094)	811,381	(100,482)	504,344	29,619
Beginning balance (in shares) at Mar. 31, 2023				63,316,696	7,323,153
Beginning balance at Mar. 31, 2023		1,050,189	1,017,585	$ 2,081	$ (211,400)	760,397	(85,415)	551,922	32,604
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		(1,971)	(2,876)					(2,876)	905
Other comprehensive income (loss)		(8,457)	(5,887)				(5,887)		(2,570)
Issuance of ordinary shares (in shares)				20,757
Issuance of ordinary shares		399	399			399
Change in treasury stocks (in shares)	[2]				(89,425)
Change in treasury stocks	[2]	(23,835)	(23,835)		$ (2,646)			(21,189)
Share-Based Compensation		26,713	26,878			26,878			(165)
Other changes in equity		(26)	(26)				(26)
Ending balance (in shares) at Jun. 30, 2023				63,337,453	7,412,578
Ending balance at Jun. 30, 2023		1,043,012	1,012,238	$ 2,081	$ (214,046)	787,674	(91,328)	527,857	30,774
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		6,635	6,927					6,927	(292)
Other comprehensive income (loss)		(10,032)	(9,125)				(9,125)		(907)
Issuance of ordinary shares (in shares)	[2]			13,210
Issuance of ordinary shares		252	252	$ 1		251
Treasury shares retired (in shares)	[2]				318,004
Treasury shares retired	[2]	28,488	28,488		$ 1,952			30,440
Share-Based Compensation		23,505	23,461			23,461			44
Other changes in equity		(34)	(34)			(5)	(29)
Ending balance (in shares) at Sep. 30, 2023				63,350,663	7,094,574
Ending balance at Sep. 30, 2023		$ 1,034,850	$ 1,005,231	$ 2,082	$ (212,094)	$ 811,381	$ (100,482)	$ 504,344	$ 29,619

[1]On February 3, 2022, Criteo's board of directors authorized an extension of the share repurchase program to up to $280.0 million of the Company's outstanding American Depositary Shares. The change in treasury stocks is comprised of 2,195,411 shares repurchased at an average price of $26.7 offset by 1,401,489 treasury shares used for RSUs vesting.[2]On December 7, 2022, Criteo's board of directors authorized an extension of the share repurchase program to up to $480.0 million of the Company's outstanding American Depositary Shares. The change in treasury stocks is comprised of 3,404,891 shares repurchased at an average price of $31.2 offset by 1,288,939 treasury shares used for RSUs vesting and by 1,006,482 treasury shares used for LUSs vesting.

CONDENSED CONSOLIDATED STATEM_6

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (UNAUDITED) (Parenthetical) - USD ($) $ in Millions	Dec. 07, 2022	Feb. 03, 2022
Statement of Stockholders' Equity [Abstract]
Authorized amount of share repurchase program	$ 480	$ 280
Change in treasury stocks (in shares)	3,404,891	2,195,411
Treasury stock acquired, average cost per share (in dollars per share)	$ 31.2	$ 26.7
Treasury shares used for RSUs vesting (in shares)	1,288,939	1,401,489
Treasury shares used for LUSs vesting (in shares)	1,006,482

CONDENSED CONSOLIDATED STATEM_7

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands		9 Months Ended
		Sep. 30, 2023	Sep. 30, 2022
Cash from operating activities
Net income (loss)		$ (7,407)	$ (5,174)
Non-cash and non-operating items		42,706	122,043
- Amortization and provisions		56,288	134,650
- Payment for contingent liability on regulatory matters		(43,334)	0
- Net (gain) or loss on disposal of non-current assets		(8,903)	(361)
- Equity awards compensation expense	[1]	76,353	42,594
- Interest accrued and non-cash financial income and expenses		0	(2,244)
- Change in deferred taxes		(24,742)	(16,051)
- Change in income taxes		(18,007)	(12,899)
- Other		5,051	(23,646)
Changes in working capital related to operating activities		27,607	13,661
- (Increase) / Decrease in trade receivables		78,890	75,399
- Increase / (Decrease) in trade payables		(71,190)	(19,526)
- (Increase) / Decrease in other current assets		1,968	(23,224)
- Increase/ (Decrease) in other current liabilities		17,926	(20,178)
- Change in operating lease liabilities and right of use assets		13	1,190
Cash from operating activities		62,906	130,530
Cash (used for) from investing activities
Acquisition of intangible assets, property, plant and equipment		(77,838)	(48,955)
Change in accounts payable related to intangible assets, property, plant and equipment		(16,749)	7,632
Payment for business, net of cash acquired		(6,957)	(135,453)
Proceeds from disposition of investments		9,625	0
Change in other non-current financial assets		(12,280)	43,052
Cash (used for) from investing activities		(104,199)	(133,724)
Cash used for financing activities
Proceeds from borrowings under line-of-credit agreement		0	78,513
Repayment of borrowings		0	(78,513)
Proceeds from exercise of stock options		1,948	617
Repurchase of treasury stocks		(103,354)	(59,162)
Change in other financial liabilities		0	107
Cash payment for contingent consideration		(22,025)	0
Other	[2]	(1,427)	22,242
Cash used for financing activities		(124,858)	(36,196)
Effect of exchange rates changes on cash and cash equivalents		(12,192)	(68,813)
Net increase (decrease) in cash and cash equivalents		(178,343)	(108,203)
Net cash and cash equivalents at beginning of period		448,200	515,526
Net cash and cash equivalents and restricted cash at end of period		269,857	407,323
Supplemental disclosures of cash flow information
Cash paid for taxes, net of refunds		(41,377)	(33,685)
Cash paid for interest		$ (1,055)	$ (959)

[1]Of which $74.9 million and $41.1 million of equity awards compensation expense consisted of share-based compensation expense according to ASC 718 Compensation - stock compensation for the nine months ended September 30, 2023 and 2022, respectively.

CONDENSED CONSOLIDATED STATEM_8

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (Parenthetical) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Share-based compensation expense	$ 76,353	$ 42,594
Accounting Standards Update 2021-04
Share-based compensation expense	$ 74,900	$ 41,100

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
Summary of Significant Accounting Policies	Sep. 30, 2023
Accounting Policies [Abstract]
Summary of significant accounting policies	Summary of Significant Accounting Policies Basis of Presentation The unaudited condensed consolidated financial statements included herein (the "Unaudited Condensed Consolidated Financial Statements") have been prepared by Criteo pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC"). Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") have been condensed or omitted pursuant to such rules and regulations. However, the Company believes that the disclosures are adequate to make the information presented not misleading. These unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and the notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2022, filed with the SEC on February 24, 2023. The unaudited condensed consolidated financial statements included herein reflect all adjustments (consisting of normal, recurring adjustments) which are, in the opinion of management, necessary to state fairly the results for the interim periods presented. The results of operations for the interim periods presented are not necessarily indicative of the operating results to be expected for any subsequent interim period or for the fiscal year. Conformity with U.S. GAAP requires the use of estimates and judgments that affect the reported amounts of assets, liabilities, revenue and expenses in the condensed consolidated financial statements and accompanying notes. We base our estimates and judgments on historical information and on various other assumptions that we believe are reasonable under the circumstances. Our actual results may differ from these estimates. U.S. GAAP requires us to make estimates and judgments in several areas, including, but not limited to: (1) gross vs net assessment in revenue recognition (2) allowances for credit losses, (3) income taxes, (4) assumptions used in valuing acquired assets and assumed liabilities in business combinations, (5) assumptions used in the valuation of goodwill, intangible assets and leases, (6) assumptions used in the valuation model to determine the fair value of share-based compensation plan, and (7) assumptions surrounding the recognition and valuation of contingent liabilities and losses. There have been no changes to our significant accounting policies described in our Annual Report on Form 10-K for the fiscal year ended December 31, 2022. Accounting Pronouncements Adopted in 2023 No standards were adopted in 2023 which had a material impact on the Company's financial statements. Recent Accounting Pronouncements Accounting standards that have been issued or proposed by the FASB or other standards-setting bodies that do not require adoption until a future date are not expected to have a material impact on the Company’s Consolidated Financial Statements upon adoption.

Business acquisitions

Business acquisitions	9 Months Ended
Business acquisitions	Sep. 30, 2023
Business Combination and Asset Acquisition [Abstract]
Business acquisitions	Business acquisitions Iponweb On August 1, 2022 (the "Acquisition Date"), the Company, Iponweb Holding Limited, Exezars Limited (a subsidiary of Iponweb Holding Limited and collectively with Iponweb Holding Limited, the “Sellers”), Mr. Ljubisa Bogunovic, in his capacity as trustee of the “IW General Management Trust” and Mr. Boris Mouzykantskii, founder and Chief Executive Officer of Iponweb Holding Limited (the “Founder”) entered into an amended and restated Framework Purchase Agreement (the “FPA”), amending and restating the previously disclosed framework purchase agreement, dated December 22, 2021, which provided for the acquisition of the business of Iponweb Holding Limited (the "Iponweb business"), a market-leading AdTech company with world-class media trading capabilities, by the Company (the “Iponweb Acquisition”). This business combination is composed of an asset purchase of Iponweb intellectual property and other intangible rights and a share purchase of 100% of the share capital and voting rights of nine Iponweb operational legal entities. The purchase price, as per ASC 805, was $290.2 million for the Iponweb business, out of which $61.2 million represents the fair value of the contingent consideration. This contingent consideration is payable in cash to the Sellers in an amount up to $100 million, conditioned upon the achievement of certain net revenue targets by the Iponweb business for the 2022 and 2023 fiscal years. The Company transferred Treasury shares with a fair value of $70.2 million to Iponweb's Sellers, subject to lock-up conditions. As these shares are subject to a lock-up period that expires in three installments on each of the first three the $70.2 million fair value was not included in the purchase price consideration above and will be accounted for separately from the business combination as a stock compensation expense. See Note 12 for further discussion. The transaction was accounted for as a business acquisition. The purchase price allocation has been completed and resulted in recognition of $187.6 million of goodwill. Acquisition related costs of $12.6 million were recorded within general and administrative expenses on the consolidated statements of comprehensive income for the twelve months ended December 31, 2022. In the period ending September 30, 2023, we did not record any acquisition related costs. The Company's consolidated statements of operations for the nine months ended September 30, 2023 include Iponweb's revenues of $87.8 million and pretax income (loss) of $9.1 million. Brandcrush On February 28, 2023, we completed the acquisition of all of the outstanding shares of Brandcrush Inc. ("Brandcrush"). The purchase price for the acquisition of shares was $7.1 million. The acquisition was financed by available cash resources. The transaction has been accounted for as a business combination under the acquisition method of accounting. A preliminary valuation of the fair value of Brandcrush’s assets acquired was performed as of February 28, 2023, resulting in the identification of technology of $3.5 million. Provisional goodwill amounted to $5.0 million, subject to post-closing purchase price adjustments. Once this valuation analysis is finalized, the estimate of the fair value of the assets acquired and liabilities assumed may be adjusted. The Company will finalize these amounts no later than one year from the acquisition date. In addition, acquisition costs amounting to $0.7 million were fully expensed as incurred.

Restructuring

Restructuring	9 Months Ended
Restructuring	Sep. 30, 2023
Restructuring and Related Activities [Abstract]
Restructuring	Restructuring As part of our ongoing transformation, the Company incurred restructuring costs of $2.0 million and $21.9 million for the three and nine months ended September 30, 2023, respectively. The following table summarizes restructuring activities as of September 30, 2023 included in other current liabilities on the balance sheet: Salaries and other benefits Restructuring liability as of January 1, 2023 $ — Restructuring charge 21,934 Amounts paid (11,826) Restructuring liability as of September 30, 2023 $ 10,108 For the three and nine months ended September 30, 2023, $0.1 million, and $3.5 million, respectively, was included in Research and Development expenses, $2.1 million and $4.8 million, respectively, was included in General and Administrative expenses and $(0.2) million and $13.6 million, respectively, was included in Sales and Operations expenses.

Segment information

Segment information	9 Months Ended
Segment information	Sep. 30, 2023
Segment Reporting [Abstract]
Segment information	Segment information Reportable segments Criteo is a global technology company driving superior commerce outcomes for marketers and media owners through the world’s leading Commerce Media Platform. The Company reports segment information based on the "management" approach. The management approach designates the internal reporting used by management for making decisions and assessing performance as the source of the Company's reportable segments. The Company reports its results of operations through the following three segments: Marketing Solutions, Retail Media and Iponweb. – Marketing Solutions: This segment allows commerce companies to address multiple marketing goals by engaging their consumers with personalized ads across the web, mobile and offline store environments. – Retail Media: This segment allows retailers to generate advertising revenues from consumer brands, and/or to drive sales for themselves, by monetizing their data and audiences through personalized ads, either on their own digital property or on the open Internet, that address multiple marketing goals. – Iponweb: This segment specializes in building real-time advertising technology and trading infrastructure, delivering advanced media buying, selling, and packaging capabilities for media owners, agencies, performance advertisers, and 3rd-party ad tech platforms. Segment operating results, Contribution ex-TAC, is Criteo's segment profitability measure and reflects our gross profit plus other costs of revenue. The Company's chief operating decision maker, or CODM, does not review any other financial information for our three segments, other than Contribution ex-TAC, at the reportable segment level. The following table shows revenue by reportable segment: Three Months Ended Nine Months Ended September 30, September 30, September 30, September 30, (in thousands) Marketing Solutions $ 385,762 387,288 $ 1,162,943 1,291,599 Retail Media 49,813 41,170 132,424 142,516 Iponweb 33,618 18,463 87,776 18,463 Total Revenue $ 469,193 $ 446,921 $ 1,383,143 $ 1,452,578 The following table shows Contribution ex-TAC by reportable segment and its reconciliation to the Company’s Consolidated Statements of Operation: Three Months Ended Nine Months Ended September 30, September 30, September 30, September 30, (in thousands) Contribution ex-TAC Marketing Solutions $ 163,341 $ 158,022 $ 489,148 $ 522,079 Retail Media 48,436 36,893 129,306 104,278 Iponweb 33,618 18,463 87,776 18,463 $ 245,395 $ 213,378 $ 706,230 $ 644,820 Other costs of sales (40,268) (33,771) (119,812) (96,214) Gross profit $ 205,127 $ 179,607 $ 586,418 $ 548,606 Operating expenses Research and development expenses (62,522) (42,725) (193,887) (118,248) Sales and operations expenses (94,572) (90,051) (308,325) (278,363) General and administrative expenses (36,599) (42,353) (95,306) (176,361) Total Operating expenses (193,693) (175,129) (597,518) (572,972) Income (loss) from operations $ 11,434 $ 4,478 $ (11,100) $ (24,366) Financial and Other Income (Expense) (2,967) 3,485 2,008 23,927 Income (loss) before tax $ 8,467 $ 7,963 $ (9,092) $ (439) The Company operates in the following three geographical markets: • Americas (North and South America); • EMEA (Europe, Middle-East and Africa); and • Asia-Pacific. The following tables disclose our consolidated revenue for each geographical area for each of the reported periods. Revenue by geographical area is based on the location of advertisers’ campaigns or of the retailers. For the Three Months Ended Americas EMEA Asia-Pacific Total (in thousands) September 30, 2023 $ 213,607 $ 164,890 $ 90,696 $ 469,193 September 30, 2022 $ 201,274 $ 150,915 $ 94,732 $ 446,921 For the Nine Months Ended Americas EMEA Asia-Pacific Total (in thousands) September 30, 2023 $ 606,650 $ 483,319 $ 293,174 $ 1,383,143 September 30, 2022 $ 609,461 $ 521,736 $ 321,381 $ 1,452,578 Revenue generated in other significant countries where we operate is presented in the followin g table: Three Months Ended Nine Months Ended September 30, 2023 September 30, 2022 September 30, 2023 September 30, 2022 (in thousands) Americas United States $ 193,210 $ 180,152 $ 547,348 $ 542,034 EMEA Germany $ 56,569 $ 40,808 $ 145,541 $ 144,902 France $ 23,423 $ 23,212 $ 71,130 $ 83,393 Asia-Pacific Japan $ 49,213 $ 56,999 $ 162,767 $ 196,818 Other Information For each reported period, non-current assets (corresponding to the net book value of tangible and intangible assets, excluding right of use assets related to lease agreements) are presented in the table below. The geographical information includes results from the locations of legal entities. Americas EMEA Asia-Pacific Total (in thousands) September 30, 2023 $ 95,602 $ 196,649 $ 16,019 $ 308,270 December 31, 2022 $ 92,952 $ 193,007 $ 21,231 $ 307,190

Cash, Cash Equivalents, Marketa

Cash, Cash Equivalents, Marketable Securities and Restricted Cash	9 Months Ended
	Sep. 30, 2023
Fair Value Disclosures [Abstract]
Cash, Cash Equivalents, Marketable Securities and Restricted Cash	Cash, Cash Equivalents, Marketable Securities and Restricted Cash Fair Value Measurements September 30, 2023 December 31, 2022 Cash and Cash Equivalent Marketable Securities Cash and Cash Equivalent Marketable Securities (in thousands) Cash 194,857 $ — 282,293 $ — Level 2 Term deposits and notes — 36,982 65,907 25,098 Total $ 194,857 $ 36,982 $ 348,200 $ 25,098 Interest-bearing bank deposits are considered level 2 financial instruments as they are measured using valuation techniques based on observable market data. The fair value of term deposits approximates their carrying amount given the nature of the investments, its maturities and expected future cash flows. Marketable Securities The following table presents for each reporting period, the breakdown of the fair value of marketable securities: September 30, 2023 December 31, 2022 (in thousands) Securities Held-to-maturity Term Deposits $ 36,982 $ 25,098 Total $ 36,982 $ 25,098 The gross unrealized gains on our marketable securities were not material as of September 30, 2023. Term deposits are considered a level 2 financial instrument as they are measured using valuation techniques based on observable market data. The following table classifies our marketable securities by contractual maturities: Held-to-maturity Available-for-sale September 30, 2023 (in thousands) Due in one year $ 21,091 $ — Due in one to five years $ 15,891 $ — Total $ 36,982 $ — Restricted Cash As part of the Iponweb Acquisition in August 2022, we had deposited $100.0 million of cash into an escrow account containing withdrawal conditions. The cash secures the Company's potential payment of Iponweb Acquisition contingent consideration to the Sellers, which is conditioned upon the achievement of certain revenue targets by the Iponweb business for the 2022 and 2023 fiscal years. We have paid the contingent consideration of $22.0 million for the 2022 fiscal year in t he quarter ended March 31, 2023. September 30, 2023 December 31, 2022 (in thousands) Restricted cash – current $ 75,000 $ 25,000 Restricted cash – non-current $ — $ 75,000 Total $ 75,000 $ 100,000

Trade Receivables

Trade Receivables	9 Months Ended
Trade Receivables	Sep. 30, 2023
Receivables [Abstract]
Trade receivables	Trade Receivables The following table shows the breakdown in trade receivables net book value for the presented periods: September 30, 2023 December 31, 2022 (in thousands) Trade accounts receivables $ 673,977 $ 756,741 (Less) Allowance for credit losses (49,415) (47,792) Net book value at end of period $ 624,562 $ 708,949 At September 30, 2023 our largest receivable balance from an individual customer was 10% of our gross accounts receivable. No other customers individually exceeded 10% of our gross accounts receivables.

Other Current Assets

Other Current Assets	9 Months Ended
Other Current Assets	Sep. 30, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other current assets	Other Current Assets The following table shows the breakdown in other current assets net book value for the presented periods: September 30, 2023 December 31, 2022 (in thousands) Prepayments to suppliers $ 5,109 $ 12,421 Other debtors 5,860 6,768 Prepaid expenses 29,929 24,549 Other current assets 656 8,128 Derivative instruments 498 — Net book value at end of period $ 42,052 $ 51,866 Prepaid expenses mainly consist of amounts related to SaaS arrangements.

Other Current and Non Current L

Other Current and Non Current Liabilities	9 Months Ended
Other Current and Non Current Liabilities	Sep. 30, 2023
Other Liabilities Disclosure [Abstract]
Other current and non current liabilities	Other Current and Non-Current Liabilities Other current liabilities are presented in the following table: September 30, 2023 December 31, 2022 (in thousands) Customer prepayments $ 15,584 $ 16,334 Rebates 18,004 17,671 Accounts payable relating to capital expenditures 7,976 25,414 Other creditors 4,374 2,398 Earn out liability – current 47,177 21,640 Total current liabilities $ 93,115 $ 83,457 Other non-current liabilities are presented in the following table: September 30, 2023 December 31, 2022 (in thousands) Earn out liability – non-current $ — $ 44,696 Uncertain tax positions 18,131 17,980 Other 3,557 6,550 Total non-current liabilities $ 21,688 $ 69,226 Earn out liability As part of the Iponweb Acquisition, the Sellers are entitled to contingent consideration of a maximum of $100.0 million, which is conditioned upon the achievement of certain revenue targets by the Iponweb business for the 2022 and 2023 fiscal years. The related earn out liability is valued and discounted using management's best estimate of the consideration that is expected to be paid in 2024. The contingent consideration for fiscal year 2022 of $22.0 million has been paid in the quarter ended March 31, 2023. Uncertain tax positions Other non-current liabilities also include $18.1 million related to uncertain tax positions as of September 30, 2023. These uncertain tax positions are related to the Iponweb Acquisition.

Leases

Leases	9 Months Ended
Leases	Sep. 30, 2023
Leases [Abstract]
Leases	Leases The components of lease expense are as follows: Three Months Ended September 30, 2023 September 30, 2022 Offices Data Centers Total Offices Data Centers Total (in thousands) Lease expense $ 3,419 $ 5,644 $ 9,063 $ 2,362 $ 4,806 $ 7,168 Short term lease expense 200 13 213 149 — 149 Variable lease expense 289 14 303 107 91 198 Sublease income (277) — (277) (47) — (47) Total operating lease expense $ 3,631 $ 5,671 $ 9,302 $ 2,571 $ 4,897 $ 7,468 Nine Months Ended September 30, 2023 September 30, 2022 Offices Data Centers Total Offices Data Centers Total (in thousands) Lease expense $ 10,548 $ 16,844 $ 27,392 $ 11,114 $ 15,042 $ 26,156 Short term lease expense 489 42 531 504 5 509 Variable lease expense 493 75 568 182 182 364 Sublease income (692) — (692) (482) — (482) Total operating lease expense $ 10,838 $ 16,961 $ 27,799 $ 11,318 $ 15,229 $ 26,547 As of September 30, 2023, we have additional operating leases, that have not yet commenced which will result in additional operating lease liabilities and right of use assets: Offices Data Centers (in thousands) Additional operating lease liabilities $ — $ 6,930 Additional right of use assets $ — $ 6,930 These operating leases will commence during the fiscal years ending December 31, 2023, 2024 and 2025, respectively.

Employee Benefits

Employee Benefits	9 Months Ended
Employee Benefits	Sep. 30, 2023
Retirement Benefits [Abstract]
Employee Benefits	Employee Benefits Defined Benefit Plans According to the French law and the Syntec Collective Agreement, French employees are entitled to compensation paid on retirement. The following table summarizes the changes in the projected benefit obligation: Projected benefit obligation (in thousands) Projected benefit obligation present value at January 1, 2022 $ 5,531 Service cost 1,756 Interest cost 73 Actuarial losses (gains) (3,311) Currency translation adjustment (341) Projected benefit obligation present value at December 31, 2022 $ 3,708 Service cost 532 Interest cost 120 Actuarial losses (gains) (283) Currency translation adjustment (43) Projected benefit obligation present value at September 30, 2023 $ 4,034 The Company does not hold any plan assets for any of the periods presented. The main assumptions used for the purposes of the actuarial valuations are listed below: Nine Months Ended Year Ended September 30, 2023 December 31, 2022 Discount rate (Corp AA) 4.55% 4.25% Expected rate of salary increase 5% 5% Expected rate of social charges 48% 48% Expected staff turnover 0% - 17.8% 0% - 17.8% Estimated retirement age Progressive table Progressive table Life table TH-TF 2000-2002 shifted TH-TF 2000-2002 shifted Defined Contribution Plans The total expense represents contributions payable to these plans by us at specified rates. In some countries, the Group’s employees are eligible for pension payments and similar financial benefits. The Group provides these benefits via defined contribution plans. Under defined contribution plans, the Group has no obligation other than to pay the agreed contributions, with the corresponding expense charged to income for the year . The main contributions relate to France, the United States (for 401k plans), and the United Kingdom. Three Months Ended Nine Months Ended September 30, September 30, September 30, September 30, (in thousands) Defined contributions plans included in personnel expenses $ (4,694) $ (3,590) $ (14,308) $ (13,726)

Revenue

Revenue	9 Months Ended
Revenue	Sep. 30, 2023
Revenue from Contract with Customer [Abstract]
Revenue	Revenue Disaggregation of revenue The following table presents our disaggregated revenues by segment: For the Three Months Ended Marketing Solutions Retail Media Iponweb Total (in thousands) September 30, 2023 $ 385,762 $ 49,813 $ 33,618 $ 469,193 September 30, 2022 $ 387,288 $ 41,170 $ 18,463 $ 446,921 For the Nine Months Ended Marketing Solutions Retail Media Iponweb Total (in thousands) September 30, 2023 $ 1,162,943 $ 132,424 $ 87,776 $ 1,383,143 September 30, 2022 $ 1,291,599 $ 142,516 $ 18,463 $ 1,452,578

Share-Based Compensation

Share-Based Compensation	9 Months Ended
Share-Based Compensation	Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]
Share-Based Compensation	Share-Based Compensation Equity awards Compensation Expense Equity awards compensation expense recorded in the consolidated statements of operations was as follows : Nine Months Ended 2023 2022 (in thousands) Research and Development (44,438) (21,166) Sales and Operations (15,240) (9,695) General and Administrative (16,675) (11,733) Total equity awards compensation expense (76,353) (42,594) Tax benefit from equity awards compensation expense 6,084 4,409 The breakdown of the equity award compensation expense by instrument type was as follows: Nine Months Ended 2023 2022 (in thousands) Share options (80) (47) Lock-up shares (28,326) (7,088) Restricted stock units / Performance stock units (46,519) (33,976) Non-employee warrants (1,428) (1,483) Total equity awards compensation expense (76,353) (42,594) Tax benefit from equity awards compensation expense 6,084 4,409 A detailed description of each instrument type is provided below. Share Options Stock options granted under the Company’s stock incentive plans generally vest over four years, subject to the holder’s continued service through the vesting date and expire no later than 10 years from the date of grant. In the following tables, exercise prices, grant date share fair values and fair value per equity instruments are provided in euros, as the Company is incorporated in France and the euro is the currency used for the grants. Options Outstanding Number of Shares Underlying Outstanding Options Weighted-Average Exercise Price Weighted-Average Remaining Contractual Term (Years) Aggregate Intrinsic Value Outstanding as of December 31, 2022 372,329 Options granted — Options exercised (41,417) Options forfeited (3,973) Options canceled — Options expired (1,861) Outstanding as of September 30, 2023 325,078 € 20.88 4.37 € 11.46 Vested and exercisable as of September 30, 2023 301,611 The aggregate intrinsic value represents the difference between the exercise price of the options and the fair market value of common stock on the date of exercise. No new stock options were granted in the period ending September 30, 2023. As of September 30, 2023, unrecognized stock-based compensation $0.01 million related to unvested stock options will be fully recognized as of December 31, 2023. Lock up shares On August 1, 2022, 2,960,243 Treasury shares were transferred to the Founder (referred to as Lock Up Shares or "LUS", see Note 2), as partial consideration for the Iponweb Acquisition. As these shares are subject to a lock-up period that expires in three three Shares Weighted-Average Grant date Fair Value Per Share Outstanding as of December 31, 2022 2,960,243 — Granted — — Vested (1,006,482) — Forfeited — — Outstanding as of September 30, 2023 1,953,761 € 23.94 At September 30, 2023, the Company had unrecognized stock-based compensation relating to restricted stock of approximately $22.4 million, which is expected to be recognized over a period from October 2023 to August 1, 2025. Restricted Stock Units / Performance Stock Units Restricted stock awards generally vest over four years, subject to the holder’s continued service and/or certain performance conditions through the vesting date. In the following tables, exercise prices, grant date share fair values and fair value per equity instruments are in euros, as the Company is incorporated in France and the euro is the currency used for the grants. Shares (RSU) Weighted-Average Grant date Fair Value Per Share Outstanding as of December 31, 2022 5,349,955 — Granted 1,575,851 — Vested (1,116,711) — Forfeited (340,383) — Outstanding as of September 30, 2023 5,468,712 € 26.2 At September 30, 2023, the Company had unrecognized stock-based compensation relating to restricted stock of approximately $77.1 million, which is expected to be recognized over a weighted-average period of 3.10 years. Shares (PSU) Weighted-Average Grant date Fair Value Per Share Outstanding as of December 31, 2022 522,467 — Granted 356,402 — Vested (173,092) — Forfeited — — Outstanding as of September 30, 2023 705,777 € 27.94 At September 30, 2023, the Company had unrecognized stock-based compensation relating to restricted stock of approximately $11.0 million, which is expected to be recognized over a weighted-average period of 3.12 years. Non-employee warrants Non-employee warrants generally vest over four years, subject to the holder’s continued service through the vesting date. Shares Weighted-Average Grant date Fair Value Per Share Weighted-Average Remaining Contractual Term (Years) Aggregate Intrinsic Value Outstanding as of December 31, 2022 302,775 Granted — Exercised (58,318) Canceled — Expired — Outstanding as of September 30, 2023 244,457 € 17.65 4.73 € 12.98 Vested and exercisable - September 30, 2023 237,852 The aggregate intrinsic value represents the difference between the exercise price of the non-employee warrants and the fair market value of common stock on the date of exercise. No new stock non-employee warrants were granted in the period ending September 30, 2023. As of September 30, 2023 there is a small portion of instruments that are set to fully vest in 2023.

Financial and Other Income and

Financial and Other Income and Expenses	9 Months Ended
Financial and Other Income and Expenses	Sep. 30, 2023
Other Income and Expenses [Abstract]
Financial and other income and expenses	Financial and Other Income and Expenses The condensed consolidated statements of income line item “Financial and Other income (expense)” can be broken down as follows: Three Months Ended Nine Months Ended September 30, September 30, September 30, September 30, (in thousands) Financial income from cash equivalents $ 1,055 $ 170 $ 3,190 $ 543 Interest and fees (437) (422) (1,500) (1,391) Foreign exchange gains (losses) (1,731) 3,795 (4,683) 24,384 Discounting impact (1,593) — (3,692) — Other financial income (expense) (261) (58) 8,693 391 Total Financial and Other income (expense) $ (2,967) $ 3,485 $ 2,008 $ 23,927 The $2.0 million in financial and other income for the nine months ended September 30, 2023, were mainly driven by proceeds from disposal of non consolidated investments partially offset by the recognition of a negative impact of foreign exchange and the accretion of earn-out liability related to Iponweb acquisition. At September 30, 2023, our exposure to foreign currency risk was centralized at Criteo S.A. and hedged using foreign currency swaps or forward purchases or sales of foreign currencies.

Income Taxes

Income Taxes	9 Months Ended
Income Taxes	Sep. 30, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Breakdown of Income Taxes The tax provision for interim periods is determined using an estimate of our annual effective tax rate (“AETR”), adjusted for discrete items arising in the period. To calculate our estimated AETR, we estimate our income before taxes and the related tax expense or benefit for the full fiscal year (total of expected current and deferred tax provisions), excluding the effect of significant unusual or infrequently occurring items or comprehensive income items not recognized in the statement of income. Each quarter, we update our estimate of the annual effective tax rate, and if our estimated annual tax rate does change, we make a cumulative adjustment in that quarter. Our quarterly tax provision, and our quarterly estimate of our annual effective tax rate, are subject to significant volatility due to several factors, including our ability to accurately predict our income (loss) before provision for income taxes in multiple jurisdictions and the changes in foreign exchange rates. Our effective tax rate in the future will depend on the portion of our profits earned within and outside of France. On October 8, 2021, the Organization for Economic Co-operation and Development (OECD) announced the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting which agreed to a two-pillar solution to address tax challenges arising from digitalization of the economy. On December 20, 2021, the OECD released Pillar Two Model Rules defining the global minimum tax, which calls for the taxation of a minimum rate of 15% for multinational companies with consolidated revenue above €750 million. Various foreign jurisdictions are in the process of enacting legislation to adopt a minimum effective tax rate. The OECD continues to release additional guidance on the two-pillar solution with an implementation anticipated by 2024. We are currently evaluating the potential impact on future periods of the Pillar Two, pending legislative adoption by individual countries. The following table presents provision for income taxes: Nine Months Ended September 30, 2023 September 30, 2022 (in thousands) Provision for income tax (expense) benefit $ 1,685 $ (4,735) For the nine months ended September 30, 2023 and September 30, 2022, provision for income tax (expense) benefit was $1.7 million and $(4.7) million, respectively. The $1.7 million tax benefit was driven by the loss from operations. The nine months ended September 30, 2023 provision for income taxes mainly differs from the nominal standard French rate of 25.0% due to the application of a reduced income tax rate on the majority of the technology royalties income in France, nondeductible equity awards compensation expense and reversal of loss of contingency on regulatory matters.

Earnings Per Share

Earnings Per Share	9 Months Ended
Earnings Per Share	Sep. 30, 2023
Earnings Per Share [Abstract]
Earnings per share	Earnings Per Share Basic Earnings Per Share We calculate basic earnings per share by dividing the net income or loss for the period attributable to shareholders of the Parent by the weighted average number of shares outstanding. Three Months Ended Nine Months Ended September 30, 2023 September 30, 2022 September 30, 2023 September 30, 2022 Net income (loss) attributable to shareholders of Criteo S.A. $ 6,927 $ 6,579 $ (7,758) $ (6,448) Weighted average number of shares outstanding 56,297,666 60,318,114 56,173,218 60,431,597 Basic earnings per share $ 0.12 $ 0.11 $ (0.14) $ (0.11) Diluted Earnings Per Share For the nine months ended September 30, 2023 and September 30, 2022, basic net loss is the same as diluted net loss per share as the inclusion of all potential shares of common stock outstanding would have been anti-dilutive. Three Months Ended Nine Months Ended September 30, 2023 September 30, 2022 September 30, 2023 September 30, 2022 Net income (loss) attributable to shareholders of Criteo S.A. $ 6,927 $ 6,579 $ (7,758) $ (6,448) Basic shares : Weighted average number of shares outstanding of Criteo S.A. 56,297,666 60,318,114 56,173,218 60,431,597 Dilutive effect of : Restricted share awards ("RSUs") 3,718,688 2,715,552 — — Share options and BSPCE 103,221 111,342 — — Share warrants 53,378 90,803 — — Diluted shares : Weighted average number of shares outstanding used to determine diluted earnings per share 60,172,953 63,235,811 56,173,218 60,431,597 Diluted earnings per share $ 0.12 $ 0.10 $ (0.14) $ (0.11)

Commitments and contingencies

Commitments and contingencies	9 Months Ended
Commitments and contingencies	Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and contingencies	Commitments and contingencies Contingencies From time to time we may become involved in legal proceedings or be subject to claims arising in the ordinary course of our business. We are not presently a party to any legal proceedings that, if determined adversely to us, would individually or taken together have a material adverse effect on our business, results of operations, financial condition or cash flows. Regardless of the outcome, litigation can have an adverse impact on us because of defense and settlement costs, diversion of management resources and other factors. The amount of the provisions represents management’s latest estimate of the expected impact. Following a complaint from Privacy International against a number of advertising technology companies with certain data protection authorities, including in France, France's Commission Nationale de l'Informatique et des Libertés (the "CNIL") opened a formal investigation in January 2020 against Criteo. After closure of the procedure and a formal hearing, Criteo received notice that the CNIL issued their decision on June 21, 2023, in which the CNIL retained alleged European Union's General Data Protection Regulation ("GDPR") violations but reduced the financial sanction against Criteo from the original proposed amount of €60 million ($65 million) to €40 million ($44 million). The decision relates to past matters and does not include any obligation for Criteo to change its current practices. Criteo is currently appealing this decision before the Conseil d’Etat. The €40 million ($43.3 million) penalty was applied against the previously accrued liability for loss contingency reflected in our financial statements for the period ended June 30, 2022, which amounted to €60 million ($65 million). Criteo issued the required sanction payment during the third quarter of 2023. Non income tax risks

Breakdown of Revenue and Non-Cu

Breakdown of Revenue and Non-Current Assets by Geographical Areas	9 Months Ended
	Sep. 30, 2023
Segment Reporting [Abstract]
Breakdown of Revenue and Non-Current Assets by Geographical Areas	Segment information Reportable segments Criteo is a global technology company driving superior commerce outcomes for marketers and media owners through the world’s leading Commerce Media Platform. The Company reports segment information based on the "management" approach. The management approach designates the internal reporting used by management for making decisions and assessing performance as the source of the Company's reportable segments. The Company reports its results of operations through the following three segments: Marketing Solutions, Retail Media and Iponweb. – Marketing Solutions: This segment allows commerce companies to address multiple marketing goals by engaging their consumers with personalized ads across the web, mobile and offline store environments. – Retail Media: This segment allows retailers to generate advertising revenues from consumer brands, and/or to drive sales for themselves, by monetizing their data and audiences through personalized ads, either on their own digital property or on the open Internet, that address multiple marketing goals. – Iponweb: This segment specializes in building real-time advertising technology and trading infrastructure, delivering advanced media buying, selling, and packaging capabilities for media owners, agencies, performance advertisers, and 3rd-party ad tech platforms. Segment operating results, Contribution ex-TAC, is Criteo's segment profitability measure and reflects our gross profit plus other costs of revenue. The Company's chief operating decision maker, or CODM, does not review any other financial information for our three segments, other than Contribution ex-TAC, at the reportable segment level. The following table shows revenue by reportable segment: Three Months Ended Nine Months Ended September 30, September 30, September 30, September 30, (in thousands) Marketing Solutions $ 385,762 387,288 $ 1,162,943 1,291,599 Retail Media 49,813 41,170 132,424 142,516 Iponweb 33,618 18,463 87,776 18,463 Total Revenue $ 469,193 $ 446,921 $ 1,383,143 $ 1,452,578 The following table shows Contribution ex-TAC by reportable segment and its reconciliation to the Company’s Consolidated Statements of Operation: Three Months Ended Nine Months Ended September 30, September 30, September 30, September 30, (in thousands) Contribution ex-TAC Marketing Solutions $ 163,341 $ 158,022 $ 489,148 $ 522,079 Retail Media 48,436 36,893 129,306 104,278 Iponweb 33,618 18,463 87,776 18,463 $ 245,395 $ 213,378 $ 706,230 $ 644,820 Other costs of sales (40,268) (33,771) (119,812) (96,214) Gross profit $ 205,127 $ 179,607 $ 586,418 $ 548,606 Operating expenses Research and development expenses (62,522) (42,725) (193,887) (118,248) Sales and operations expenses (94,572) (90,051) (308,325) (278,363) General and administrative expenses (36,599) (42,353) (95,306) (176,361) Total Operating expenses (193,693) (175,129) (597,518) (572,972) Income (loss) from operations $ 11,434 $ 4,478 $ (11,100) $ (24,366) Financial and Other Income (Expense) (2,967) 3,485 2,008 23,927 Income (loss) before tax $ 8,467 $ 7,963 $ (9,092) $ (439) The Company operates in the following three geographical markets: • Americas (North and South America); • EMEA (Europe, Middle-East and Africa); and • Asia-Pacific. The following tables disclose our consolidated revenue for each geographical area for each of the reported periods. Revenue by geographical area is based on the location of advertisers’ campaigns or of the retailers. For the Three Months Ended Americas EMEA Asia-Pacific Total (in thousands) September 30, 2023 $ 213,607 $ 164,890 $ 90,696 $ 469,193 September 30, 2022 $ 201,274 $ 150,915 $ 94,732 $ 446,921 For the Nine Months Ended Americas EMEA Asia-Pacific Total (in thousands) September 30, 2023 $ 606,650 $ 483,319 $ 293,174 $ 1,383,143 September 30, 2022 $ 609,461 $ 521,736 $ 321,381 $ 1,452,578 Revenue generated in other significant countries where we operate is presented in the followin g table: Three Months Ended Nine Months Ended September 30, 2023 September 30, 2022 September 30, 2023 September 30, 2022 (in thousands) Americas United States $ 193,210 $ 180,152 $ 547,348 $ 542,034 EMEA Germany $ 56,569 $ 40,808 $ 145,541 $ 144,902 France $ 23,423 $ 23,212 $ 71,130 $ 83,393 Asia-Pacific Japan $ 49,213 $ 56,999 $ 162,767 $ 196,818 Other Information For each reported period, non-current assets (corresponding to the net book value of tangible and intangible assets, excluding right of use assets related to lease agreements) are presented in the table below. The geographical information includes results from the locations of legal entities. Americas EMEA Asia-Pacific Total (in thousands) September 30, 2023 $ 95,602 $ 196,649 $ 16,019 $ 308,270 December 31, 2022 $ 92,952 $ 193,007 $ 21,231 $ 307,190

Subsequent Events

Subsequent Events	9 Months Ended
Subsequent Events	Sep. 30, 2023
Subsequent Events [Abstract]
Subsequent events	Subsequent Events The Company evaluated all subsequent events that occurred after September 30, 2023 through the date of issuance of the unaudited condensed consolidated financial statements and determined there are no significant events that require adjustments or disclosure.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Pay vs Performance Disclosure
Net income (loss) attributable to shareholders of Criteo S.A.	$ 6,927	$ 6,579	$ (7,758)	$ (6,448)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Sep. 30, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
Summary of Significant Accounting Policies (Policies)	Sep. 30, 2023
Accounting Policies [Abstract]
Basis of presentation	Basis of Presentation The unaudited condensed consolidated financial statements included herein (the "Unaudited Condensed Consolidated Financial Statements") have been prepared by Criteo pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC"). Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") have been condensed or omitted pursuant to such rules and regulations. However, the Company believes that the disclosures are adequate to make the information presented not misleading. These unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and the notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2022, filed with the SEC on February 24, 2023. The unaudited condensed consolidated financial statements included herein reflect all adjustments (consisting of normal, recurring adjustments) which are, in the opinion of management, necessary to state fairly the results for the interim periods presented. The results of operations for the interim periods presented are not necessarily indicative of the operating results to be expected for any subsequent interim period or for the fiscal year. Conformity with U.S. GAAP requires the use of estimates and judgments that affect the reported amounts of assets, liabilities, revenue and expenses in the condensed consolidated financial statements and accompanying notes. We base our estimates and judgments on historical information and on various other assumptions that we believe are reasonable under the circumstances. Our actual results may differ from these estimates. U.S. GAAP requires us to make estimates and judgments in several areas, including, but not limited to: (1) gross vs net assessment in revenue recognition (2) allowances for credit losses, (3) income taxes, (4) assumptions used in valuing acquired assets and assumed liabilities in business combinations, (5) assumptions used in the valuation of goodwill, intangible assets and leases, (6) assumptions used in the valuation model to determine the fair value of share-based compensation plan, and (7) assumptions surrounding the recognition and valuation of contingent liabilities and losses.
New accounting pronouncements, policy	Accounting Pronouncements Adopted in 2023 No standards were adopted in 2023 which had a material impact on the Company's financial statements. Recent Accounting Pronouncements Accounting standards that have been issued or proposed by the FASB or other standards-setting bodies that do not require adoption until a future date are not expected to have a material impact on the Company’s Consolidated Financial Statements upon adoption.

Restructuring (Tables)

Restructuring (Tables)	9 Months Ended
Restructuring (Tables)	Sep. 30, 2023
Restructuring and Related Activities [Abstract]
Summary of restructuring activities included in other current liabilities	The following table summarizes restructuring activities as of September 30, 2023 included in other current liabilities on the balance sheet: Salaries and other benefits Restructuring liability as of January 1, 2023 $ — Restructuring charge 21,934 Amounts paid (11,826) Restructuring liability as of September 30, 2023 $ 10,108

Segment information (Tables)

Segment information (Tables)	9 Months Ended
Segment information (Tables)	Sep. 30, 2023
Segment Reporting [Abstract]
Schedule of Segment Reporting Information	The following table shows revenue by reportable segment: Three Months Ended Nine Months Ended September 30, September 30, September 30, September 30, (in thousands) Marketing Solutions $ 385,762 387,288 $ 1,162,943 1,291,599 Retail Media 49,813 41,170 132,424 142,516 Iponweb 33,618 18,463 87,776 18,463 Total Revenue $ 469,193 $ 446,921 $ 1,383,143 $ 1,452,578 The following table shows Contribution ex-TAC by reportable segment and its reconciliation to the Company’s Consolidated Statements of Operation: Three Months Ended Nine Months Ended September 30, September 30, September 30, September 30, (in thousands) Contribution ex-TAC Marketing Solutions $ 163,341 $ 158,022 $ 489,148 $ 522,079 Retail Media 48,436 36,893 129,306 104,278 Iponweb 33,618 18,463 87,776 18,463 $ 245,395 $ 213,378 $ 706,230 $ 644,820 Other costs of sales (40,268) (33,771) (119,812) (96,214) Gross profit $ 205,127 $ 179,607 $ 586,418 $ 548,606 Operating expenses Research and development expenses (62,522) (42,725) (193,887) (118,248) Sales and operations expenses (94,572) (90,051) (308,325) (278,363) General and administrative expenses (36,599) (42,353) (95,306) (176,361) Total Operating expenses (193,693) (175,129) (597,518) (572,972) Income (loss) from operations $ 11,434 $ 4,478 $ (11,100) $ (24,366) Financial and Other Income (Expense) (2,967) 3,485 2,008 23,927 Income (loss) before tax $ 8,467 $ 7,963 $ (9,092) $ (439)

Cash, Cash Equivalents, Marke_2

Cash, Cash Equivalents, Marketable Securities and Restricted Cash (Tables)	9 Months Ended
	Sep. 30, 2023
Fair Value Disclosures [Abstract]
Fair Value, Assets Measured on Recurring Basis	September 30, 2023 December 31, 2022 Cash and Cash Equivalent Marketable Securities Cash and Cash Equivalent Marketable Securities (in thousands) Cash 194,857 $ — 282,293 $ — Level 2 Term deposits and notes — 36,982 65,907 25,098 Total $ 194,857 $ 36,982 $ 348,200 $ 25,098
Schedule of Financial Assets	The following table presents for each reporting period, the breakdown of the fair value of marketable securities: September 30, 2023 December 31, 2022 (in thousands) Securities Held-to-maturity Term Deposits $ 36,982 $ 25,098 Total $ 36,982 $ 25,098
Debt Securities, Available-for-Sale	The following table classifies our marketable securities by contractual maturities: Held-to-maturity Available-for-sale September 30, 2023 (in thousands) Due in one year $ 21,091 $ — Due in one to five years $ 15,891 $ — Total $ 36,982 $ —
Restrictions on Cash and Cash Equivalents	September 30, 2023 December 31, 2022 (in thousands) Restricted cash – current $ 75,000 $ 25,000 Restricted cash – non-current $ — $ 75,000 Total $ 75,000 $ 100,000

Trade Receivables (Tables)

Trade Receivables (Tables)	9 Months Ended
Trade Receivables (Tables)	Sep. 30, 2023
Receivables [Abstract]
Schedule of Breakdown in Trade Receivables	The following table shows the breakdown in trade receivables net book value for the presented periods: September 30, 2023 December 31, 2022 (in thousands) Trade accounts receivables $ 673,977 $ 756,741 (Less) Allowance for credit losses (49,415) (47,792) Net book value at end of period $ 624,562 $ 708,949

Other Current Assets (Tables)

Other Current Assets (Tables)	9 Months Ended
Other Current Assets (Tables)	Sep. 30, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Other Current Assets	The following table shows the breakdown in other current assets net book value for the presented periods: September 30, 2023 December 31, 2022 (in thousands) Prepayments to suppliers $ 5,109 $ 12,421 Other debtors 5,860 6,768 Prepaid expenses 29,929 24,549 Other current assets 656 8,128 Derivative instruments 498 — Net book value at end of period $ 42,052 $ 51,866

Other Current and Non Current_2

Other Current and Non Current Liabilities (Tables)	9 Months Ended
Other Current and Non Current Liabilities (Tables)	Sep. 30, 2023
Other Liabilities Disclosure [Abstract]
Schedule of Other Current Liabilities	Other current liabilities are presented in the following table: September 30, 2023 December 31, 2022 (in thousands) Customer prepayments $ 15,584 $ 16,334 Rebates 18,004 17,671 Accounts payable relating to capital expenditures 7,976 25,414 Other creditors 4,374 2,398 Earn out liability – current 47,177 21,640 Total current liabilities $ 93,115 $ 83,457
Schedule of Other Noncurrent Liabilities	Other non-current liabilities are presented in the following table: September 30, 2023 December 31, 2022 (in thousands) Earn out liability – non-current $ — $ 44,696 Uncertain tax positions 18,131 17,980 Other 3,557 6,550 Total non-current liabilities $ 21,688 $ 69,226

Leases (Tables)

Leases (Tables)	9 Months Ended
Leases (Tables)	Sep. 30, 2023
Leases [Abstract]
Schedule of Components of Lease Expense	The components of lease expense are as follows: Three Months Ended September 30, 2023 September 30, 2022 Offices Data Centers Total Offices Data Centers Total (in thousands) Lease expense $ 3,419 $ 5,644 $ 9,063 $ 2,362 $ 4,806 $ 7,168 Short term lease expense 200 13 213 149 — 149 Variable lease expense 289 14 303 107 91 198 Sublease income (277) — (277) (47) — (47) Total operating lease expense $ 3,631 $ 5,671 $ 9,302 $ 2,571 $ 4,897 $ 7,468 Nine Months Ended September 30, 2023 September 30, 2022 Offices Data Centers Total Offices Data Centers Total (in thousands) Lease expense $ 10,548 $ 16,844 $ 27,392 $ 11,114 $ 15,042 $ 26,156 Short term lease expense 489 42 531 504 5 509 Variable lease expense 493 75 568 182 182 364 Sublease income (692) — (692) (482) — (482) Total operating lease expense $ 10,838 $ 16,961 $ 27,799 $ 11,318 $ 15,229 $ 26,547
Schedule of Additional Operating Lease Liabilities and Right of Use Assets	As of September 30, 2023, we have additional operating leases, that have not yet commenced which will result in additional operating lease liabilities and right of use assets: Offices Data Centers (in thousands) Additional operating lease liabilities $ — $ 6,930 Additional right of use assets $ — $ 6,930

Employee Benefits (Tables)

Employee Benefits (Tables)	9 Months Ended
Employee Benefits (Tables)	Sep. 30, 2023
Retirement Benefits [Abstract]
Schedule of Accumulated and Projected Benefit Obligations	The following table summarizes the changes in the projected benefit obligation: Projected benefit obligation (in thousands) Projected benefit obligation present value at January 1, 2022 $ 5,531 Service cost 1,756 Interest cost 73 Actuarial losses (gains) (3,311) Currency translation adjustment (341) Projected benefit obligation present value at December 31, 2022 $ 3,708 Service cost 532 Interest cost 120 Actuarial losses (gains) (283) Currency translation adjustment (43) Projected benefit obligation present value at September 30, 2023 $ 4,034
Schedule of Assumptions Used for Actuarial Valuations	The main assumptions used for the purposes of the actuarial valuations are listed below: Nine Months Ended Year Ended September 30, 2023 December 31, 2022 Discount rate (Corp AA) 4.55% 4.25% Expected rate of salary increase 5% 5% Expected rate of social charges 48% 48% Expected staff turnover 0% - 17.8% 0% - 17.8% Estimated retirement age Progressive table Progressive table Life table TH-TF 2000-2002 shifted TH-TF 2000-2002 shifted
Schedule of Defined Contribution Plan	Three Months Ended Nine Months Ended September 30, September 30, September 30, September 30, (in thousands) Defined contributions plans included in personnel expenses $ (4,694) $ (3,590) $ (14,308) $ (13,726)

Revenue (Tables)

Revenue (Tables)	9 Months Ended
Revenue (Tables)	Sep. 30, 2023
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue	The following table presents our disaggregated revenues by segment: For the Three Months Ended Marketing Solutions Retail Media Iponweb Total (in thousands) September 30, 2023 $ 385,762 $ 49,813 $ 33,618 $ 469,193 September 30, 2022 $ 387,288 $ 41,170 $ 18,463 $ 446,921 For the Nine Months Ended Marketing Solutions Retail Media Iponweb Total (in thousands) September 30, 2023 $ 1,162,943 $ 132,424 $ 87,776 $ 1,383,143 September 30, 2022 $ 1,291,599 $ 142,516 $ 18,463 $ 1,452,578

Share-Based Compensation (Table

Share-Based Compensation (Tables)	9 Months Ended
Share-Based Compensation (Tables)	Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs	Equity awards compensation expense recorded in the consolidated statements of operations was as follows : Nine Months Ended 2023 2022 (in thousands) Research and Development (44,438) (21,166) Sales and Operations (15,240) (9,695) General and Administrative (16,675) (11,733) Total equity awards compensation expense (76,353) (42,594) Tax benefit from equity awards compensation expense 6,084 4,409 The breakdown of the equity award compensation expense by instrument type was as follows: Nine Months Ended 2023 2022 (in thousands) Share options (80) (47) Lock-up shares (28,326) (7,088) Restricted stock units / Performance stock units (46,519) (33,976) Non-employee warrants (1,428) (1,483) Total equity awards compensation expense (76,353) (42,594) Tax benefit from equity awards compensation expense 6,084 4,409 A detailed description of each instrument type is provided below.
Schedule of Stock Options Roll Forward	Options Outstanding Number of Shares Underlying Outstanding Options Weighted-Average Exercise Price Weighted-Average Remaining Contractual Term (Years) Aggregate Intrinsic Value Outstanding as of December 31, 2022 372,329 Options granted — Options exercised (41,417) Options forfeited (3,973) Options canceled — Options expired (1,861) Outstanding as of September 30, 2023 325,078 € 20.88 4.37 € 11.46 Vested and exercisable as of September 30, 2023 301,611
Schedule of Nonvested Share Activity	Shares Weighted-Average Grant date Fair Value Per Share Outstanding as of December 31, 2022 2,960,243 — Granted — — Vested (1,006,482) — Forfeited — — Outstanding as of September 30, 2023 1,953,761 € 23.94
Schedule of Nonvested Restricted Stock Units Activity	Shares (RSU) Weighted-Average Grant date Fair Value Per Share Outstanding as of December 31, 2022 5,349,955 — Granted 1,575,851 — Vested (1,116,711) — Forfeited (340,383) — Outstanding as of September 30, 2023 5,468,712 € 26.2
Share-Based Payment Arrangement, Performance Shares, Activity	Shares (PSU) Weighted-Average Grant date Fair Value Per Share Outstanding as of December 31, 2022 522,467 — Granted 356,402 — Vested (173,092) — Forfeited — — Outstanding as of September 30, 2023 705,777 € 27.94
Schedule of Stockholders' Equity Note, Warrants or Rights	Shares Weighted-Average Grant date Fair Value Per Share Weighted-Average Remaining Contractual Term (Years) Aggregate Intrinsic Value Outstanding as of December 31, 2022 302,775 Granted — Exercised (58,318) Canceled — Expired — Outstanding as of September 30, 2023 244,457 € 17.65 4.73 € 12.98 Vested and exercisable - September 30, 2023 237,852

Financial and Other Income an_2

Financial and Other Income and Expenses (Tables)	9 Months Ended
Financial and Other Income and Expenses (Tables)	Sep. 30, 2023
Other Income and Expenses [Abstract]
Schedule of Financial Income (Expense)	The condensed consolidated statements of income line item “Financial and Other income (expense)” can be broken down as follows: Three Months Ended Nine Months Ended September 30, September 30, September 30, September 30, (in thousands) Financial income from cash equivalents $ 1,055 $ 170 $ 3,190 $ 543 Interest and fees (437) (422) (1,500) (1,391) Foreign exchange gains (losses) (1,731) 3,795 (4,683) 24,384 Discounting impact (1,593) — (3,692) — Other financial income (expense) (261) (58) 8,693 391 Total Financial and Other income (expense) $ (2,967) $ 3,485 $ 2,008 $ 23,927

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
Income Taxes (Tables)	Sep. 30, 2023
Income Tax Disclosure [Abstract]
Schedule of Provision for Income Taxes	The following table presents provision for income taxes: Nine Months Ended September 30, 2023 September 30, 2022 (in thousands) Provision for income tax (expense) benefit $ 1,685 $ (4,735)

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
Earnings Per Share (Tables)	Sep. 30, 2023
Earnings Per Share [Abstract]
Schedule of Basic Earnings Per Share	Three Months Ended Nine Months Ended September 30, 2023 September 30, 2022 September 30, 2023 September 30, 2022 Net income (loss) attributable to shareholders of Criteo S.A. $ 6,927 $ 6,579 $ (7,758) $ (6,448) Weighted average number of shares outstanding 56,297,666 60,318,114 56,173,218 60,431,597 Basic earnings per share $ 0.12 $ 0.11 $ (0.14) $ (0.11)
Schedule of Diluted Earnings Per Share	Three Months Ended Nine Months Ended September 30, 2023 September 30, 2022 September 30, 2023 September 30, 2022 Net income (loss) attributable to shareholders of Criteo S.A. $ 6,927 $ 6,579 $ (7,758) $ (6,448) Basic shares : Weighted average number of shares outstanding of Criteo S.A. 56,297,666 60,318,114 56,173,218 60,431,597 Dilutive effect of : Restricted share awards ("RSUs") 3,718,688 2,715,552 — — Share options and BSPCE 103,221 111,342 — — Share warrants 53,378 90,803 — — Diluted shares : Weighted average number of shares outstanding used to determine diluted earnings per share 60,172,953 63,235,811 56,173,218 60,431,597 Diluted earnings per share $ 0.12 $ 0.10 $ (0.14) $ (0.11)

Breakdown of Revenue and Non-_2

Breakdown of Revenue and Non-Current Assets by Geographical Areas (Tables)	9 Months Ended
	Sep. 30, 2023
Segment Reporting [Abstract]
Schedule of Consolidated Revenue by Geographical Area	Revenue by geographical area is based on the location of advertisers’ campaigns or of the retailers. For the Three Months Ended Americas EMEA Asia-Pacific Total (in thousands) September 30, 2023 $ 213,607 $ 164,890 $ 90,696 $ 469,193 September 30, 2022 $ 201,274 $ 150,915 $ 94,732 $ 446,921
Schedule of Revenue Generated in Other Significant Countries	Revenue generated in other significant countries where we operate is presented in the following table: Three Months Ended Nine Months Ended September 30, 2023 September 30, 2022 September 30, 2023 September 30, 2022 (in thousands) Americas United States $ 193,210 $ 180,152 $ 547,348 $ 542,034 EMEA Germany $ 56,569 $ 40,808 $ 145,541 $ 144,902 France $ 23,423 $ 23,212 $ 71,130 $ 83,393 Asia-Pacific Japan $ 49,213 $ 56,999 $ 162,767 $ 196,818
Schedule of Non-Current Assets by Geographical Area and Country	For each reported period, non-current assets (corresponding to the net book value of tangible and intangible assets, excluding right of use assets related to lease agreements) are presented in the table below. The geographical information includes results from the locations of legal entities. Americas EMEA Asia-Pacific Total (in thousands) September 30, 2023 $ 95,602 $ 196,649 $ 16,019 $ 308,270 December 31, 2022 $ 92,952 $ 193,007 $ 21,231 $ 307,190

Business acquisitions - Narrati

Business acquisitions - Narrative (Details)			3 Months Ended		9 Months Ended		12 Months Ended
Business acquisitions - Narrative (Details)	Feb. 28, 2023 USD ($)	Aug. 01, 2022 USD ($) entity	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)
Business Acquisition [Line Items]
Goodwill			$ 518,655,000		$ 518,655,000		$ 515,140,000
Revenue			469,193,000	$ 446,921,000	1,383,143,000	$ 1,452,578,000
Iponweb
Business Acquisition [Line Items]
Revenue			33,618,000	$ 18,463,000	87,776,000	$ 18,463,000
Iponweb
Business Acquisition [Line Items]
Business acquisition, percentage of voting interests acquired		100%
Number of legal entities acquired \| entity		9
Business combination, consideration transferred		$ 290,200,000
Business combination, contingent consideration, liability		61,200,000
Business acquisition, equity interest issued or issuable, value assigned		$ 70,200,000
Lock-up period		3 years
Goodwill			$ 187,600,000		187,600,000
Transaction costs during the period					0		12,600,000
Earnings or loss of acquiree since acquisition date					$ 9,100,000
Iponweb \| Maximum
Business Acquisition [Line Items]
Business combination, contingent consideration, liability		$ 100,000,000					$ 100,000,000
Brandcrush
Business Acquisition [Line Items]
Business combination, consideration transferred	$ 7,100,000
Goodwill	5,000,000
Acquisition costs	700,000
Brandcrush \| Technology-based intangible assets
Business Acquisition [Line Items]
Intangible assets	$ 3,500,000

Restructuring - Narrative (Deta

Restructuring - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2023
Restructuring Cost and Reserve [Line Items]
Restructuring charge	$ 2,000	$ 21,934
Research and Development
Restructuring Cost and Reserve [Line Items]
Restructuring charge	100	3,500
General and Administrative
Restructuring Cost and Reserve [Line Items]
Restructuring charge	2,100	4,800
Sales and Operations Expenses
Restructuring Cost and Reserve [Line Items]
Restructuring charge		$ 13,600
Restructuring income	$ (200)

Restructuring - Summary of rest

Restructuring - Summary of restructuring activities included in other current liabilities (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2023
Restructuring Cost and Reserve [Line Items]
Restructuring liability, beginning balance		$ 0
Restructuring charge	$ 2,000	21,934
Amounts paid		(11,826)
Restructuring liability, ending balance	10,108	10,108
Research and Development
Restructuring Cost and Reserve [Line Items]
Restructuring charge	100	3,500
General and Administrative
Restructuring Cost and Reserve [Line Items]
Restructuring charge	$ 2,100	4,800
Sales and Operations Expenses
Restructuring Cost and Reserve [Line Items]
Restructuring charge		$ 13,600

Segment information - Narrative

Segment information - Narrative (Details)	9 Months Ended
Segment information - Narrative (Details)	Sep. 30, 2023 segment
Segment Reporting [Abstract]
Number of reportable segments	3
Number of operating segments	3

Segment information - Schedule

Segment information - Schedule of Segment Reporting Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Segment Reporting Information [Line Items]
Total Revenue	$ 469,193	$ 446,921	$ 1,383,143	$ 1,452,578
Contribution ex-TAC	245,395	213,378	706,230	644,820
Other costs of sales	(40,268)	(33,771)	(119,812)	(96,214)
Gross profit	205,127	179,607	586,418	548,606
Operating expenses
Research and development expenses	(62,522)	(42,725)	(193,887)	(118,248)
Sales and operations expenses	(94,572)	(90,051)	(308,325)	(278,363)
General and administrative expenses	(36,599)	(42,353)	(95,306)	(176,361)
Total operating expenses	(193,693)	(175,129)	(597,518)	(572,972)
Income (loss) from operations	11,434	4,478	(11,100)	(24,366)
Financial and Other Income (Expense)	(2,967)	3,485	2,008	23,927
Income (loss) before taxes	8,467	7,963	(9,092)	(439)
Marketing Solutions
Segment Reporting Information [Line Items]
Total Revenue	385,762	387,288	1,162,943	1,291,599
Contribution ex-TAC	163,341	158,022	489,148	522,079
Retail Media
Segment Reporting Information [Line Items]
Total Revenue	49,813	41,170	132,424	142,516
Contribution ex-TAC	48,436	36,893	129,306	104,278
Iponweb
Segment Reporting Information [Line Items]
Total Revenue	33,618	18,463	87,776	18,463
Contribution ex-TAC	$ 33,618	$ 18,463	$ 87,776	$ 18,463

Cash, Cash Equivalents, Marke_3

Cash, Cash Equivalents, Marketable Securities and Restricted Cash - Fair Value Measurements (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash	$ 194,857	$ 282,293
Level 2
Cash and Cash Equivalent	0	65,907
Marketable Securities	36,982	25,098
Cash and cash equivalents	194,857	348,200
Level 2
Level 2
Marketable Securities	$ 36,982	$ 25,098

Cash, Cash Equivalents, Marke_4

Cash, Cash Equivalents, Marketable Securities and Restricted Cash - Schedule of Breakdown of Marketable Securities (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total	$ 36,982	$ 25,098
Term Deposits
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities Held-to-maturity	$ 36,982	$ 25,098

Cash, Cash Equivalents, Marke_5

Cash, Cash Equivalents, Marketable Securities and Restricted Cash - Schedule of Marketable Securities by Contractual Maturity (Details) - Term Deposits - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Schedule of Held-to-maturity Securities [Line Items]
Due in one year	$ 21,091
Due in one to five years	15,891
Held-to-maturity	36,982	$ 25,098
Due in one year	0
Due in one to five years	0
Available-for-sale	$ 0

Cash, Cash Equivalents, Marke_6

Cash, Cash Equivalents, Marketable Securities and Restricted Cash - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Mar. 31, 2023	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022	Aug. 31, 2022
Fair Value Disclosures [Abstract]
Restricted cash		$ 75,000		$ 100,000	$ 100,000
Cash payment for contingent consideration	$ 22,000	$ 22,025	$ 0

Cash, Cash Equivalents, Marke_7

Cash, Cash Equivalents, Marketable Securities and Restricted Cash - Schedule of Restricted Cash (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022	Aug. 31, 2022
Fair Value Disclosures [Abstract]
Restricted cash - current	$ 75,000	$ 25,000
Restricted cash - non-current	0	75,000
Total	$ 75,000	$ 100,000	$ 100,000

Trade Receivables - Schedule of

Trade Receivables - Schedule of Breakdown in Trade Receivables (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Receivables [Abstract]
Trade accounts receivables	$ 673,977	$ 756,741
(Less) Allowance for credit losses	(49,415)	(47,792)
Net book value at end of period	$ 624,562	$ 708,949

Other Current Assets (Details)

Other Current Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepayments to suppliers	$ 5,109	$ 12,421
Other debtors	5,860	6,768
Prepaid expenses	29,929	24,549
Other current assets	656	8,128
Derivative instruments	498	0
Net book value at end of period	$ 42,052	$ 51,866

Other Current and Non Current_3

Other Current and Non Current Liabilities - Schedule of Other Current Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Other Liabilities Disclosure [Abstract]
Customer prepayments	$ 15,584	$ 16,334
Rebates	18,004	17,671
Accounts payable relating to capital expenditures	7,976	25,414
Other creditors	4,374	2,398
Earn out liability – current	47,177	21,640
Total current liabilities	$ 93,115	$ 83,457

Other Current and Non Current_4

Other Current and Non Current Liabilities - Schedule of Other Noncurrent Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Other Liabilities Disclosure [Abstract]
Earn out liability – non-current	$ 0	$ 44,696
Uncertain tax positions	18,131	17,980
Other non-current liabilities	3,557	6,550
Other non-current liabilities	$ 21,688	$ 69,226

Other Current and Non Current_5

Other Current and Non Current Liabilities - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Mar. 31, 2023	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022	Aug. 01, 2022
Business Acquisition [Line Items]
Cash payment for contingent consideration	$ 22,000	$ 22,025	$ 0
Uncertain tax positions		$ 18,131		$ 17,980
Iponweb
Business Acquisition [Line Items]
Business combination, contingent consideration, liability					$ 61,200
Maximum \| Iponweb
Business Acquisition [Line Items]
Business combination, contingent consideration, liability				$ 100,000	$ 100,000

Leases - Schedule of Components

Leases - Schedule of Components of Lease Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Lessee, Lease, Description [Line Items]
Lease expense	$ 9,063	$ 7,168	$ 27,392	$ 26,156
Short term lease expense	213	149	531	509
Variable lease expense	303	198	568	364
Sublease income	(277)	(47)	(692)	(482)
Total operating lease expense	9,302	7,468	27,799	26,547
Offices
Lessee, Lease, Description [Line Items]
Lease expense	3,419	2,362	10,548	11,114
Short term lease expense	200	149	489	504
Variable lease expense	289	107	493	182
Sublease income	(277)	(47)	(692)	(482)
Total operating lease expense	3,631	2,571	10,838	11,318
Data Centers
Lessee, Lease, Description [Line Items]
Lease expense	5,644	4,806	16,844	15,042
Short term lease expense	13	0	42	5
Variable lease expense	14	91	75	182
Sublease income	0	0	0	0
Total operating lease expense	$ 5,671	$ 4,897	$ 16,961	$ 15,229

Leases - Schedule of Additional

Leases - Schedule of Additional Operating Lease Liabilities and Right of Use Assets (Details) $ in Thousands	Sep. 30, 2023 USD ($)
Offices
Lessee, Lease, Description [Line Items]
Additional operating lease liabilities	$ 0
Additional right of use assets	0
Data Centers
Lessee, Lease, Description [Line Items]
Additional operating lease liabilities	6,930
Additional right of use assets	$ 6,930

Employee Benefits - Schedule of

Employee Benefits - Schedule of Accumulated and Projected Benefit Obligations (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Projected benefit obligation present value at beginning of period	$ 3,708	$ 5,531
Service cost	532	1,756
Interest cost	120	73
Actuarial losses (gains)	(283)	(3,311)
Currency translation adjustment	(43)	(341)
Projected benefit obligation present value at end of period	$ 4,034	$ 3,708

Employee Benefits - Schedule _2

Employee Benefits - Schedule of Assumptions Used for Actuarial Valuations (Details)	9 Months Ended	12 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Defined Benefit Plan Disclosure [Line Items]
Discount rate (Corp AA)	4.55%	4.25%
Expected rate of salary increase	5%	5%
Minimum
Defined Benefit Plan Disclosure [Line Items]
Expected rate of social charges	48%	48%
Expected staff turnover	0%	0%
Maximum
Defined Benefit Plan Disclosure [Line Items]
Expected staff turnover	17.80%	17.80%

Employee Benefits - Schedule _3

Employee Benefits - Schedule of Defined Contribution Plans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Retirement Benefits [Abstract]
Defined contributions plans included in personnel expenses	$ (4,694)	$ (3,590)	$ (14,308)	$ (13,726)

Revenue (Details)

Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Revenue (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Disaggregation of Revenue [Line Items]
Total Revenue	$ 469,193	$ 446,921	$ 1,383,143	$ 1,452,578
Marketing Solutions
Disaggregation of Revenue [Line Items]
Total Revenue	385,762	387,288	1,162,943	1,291,599
Retail Media
Disaggregation of Revenue [Line Items]
Total Revenue	49,813	41,170	132,424	142,516
Iponweb
Disaggregation of Revenue [Line Items]
Total Revenue	$ 33,618	$ 18,463	$ 87,776	$ 18,463

Share-Based Compensation - Equi

Share-Based Compensation - Equity Awards Compensation Expense (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total equity awards compensation expense	$ (76,353)	$ (42,594)
Tax benefit from equity awards compensation expense	6,084	4,409
Share options
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total equity awards compensation expense	(80)	(47)
Lock-up shares
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total equity awards compensation expense	(28,326)	(7,088)
Restricted stock units / Performance stock units
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total equity awards compensation expense	(46,519)	(33,976)
Non-employee warrants
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total equity awards compensation expense	(1,428)	(1,483)
Research and Development
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total equity awards compensation expense	(44,438)	(21,166)
Sales and Operations
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total equity awards compensation expense	(15,240)	(9,695)
General and Administrative
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total equity awards compensation expense	$ (16,675)	$ (11,733)

Share-Based Compensation - Narr

Share-Based Compensation - Narrative (Details) - USD ($) $ in Thousands		9 Months Ended
	Aug. 01, 2022	Sep. 30, 2023
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Unrecognized stock-based compensation, stock options		$ 10
Granted, options (in shares)		0
Warrants term		4 years
Iponweb
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Lock-up period	3 years
Iponweb \| Tranche 1
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Vesting schedule of grant (as a percent)		33.33%
Iponweb \| Tranche 2
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Vesting schedule of grant (as a percent)		33.33%
Iponweb \| Tranche 3
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Vesting schedule of grant (as a percent)		33.33%
Share options
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Award vesting period		4 years
Expiration period		10 years
Lock-up shares
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Award vesting period	3 years
Granted, options (in shares)	2,960,243
Unrecognized stock-based compensation, nonvested awards		$ 22,400
Restricted Stock Units (RSUs)
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Award vesting period	4 years
Unrecognized stock-based compensation, nonvested awards		$ 77,100
Stock-based compensation, recognition period		3 years 1 month 6 days
Performance Stock Units (PSUs)
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Unrecognized stock-based compensation, nonvested awards		$ 11,000
Stock-based compensation, recognition period		3 years 1 month 13 days

Share-Based Compensation - Opti

Share-Based Compensation - Options Activity (Details) - € / shares	9 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Number of Shares Underlying Outstanding Options
Number outstanding, options (in shares)	325,078	372,329
Granted, options (in shares)	0
Exercised, options (in shares)	(41,417)
Forfeited, options (in shares)	(3,973)
Canceled, options (in shares)	0
Expired, options (in shares)	(1,861)
Vested and exercisable, options (in shares)	301,611
Weighted-average exercise price, options (in Euro per share)	€ 20.88
Weighted-average remaining contractual term outstanding, options	4 years 4 months 13 days
Aggregate intrinsic value, options	€ 11.46

Share-Based Compensation - Lock

Share-Based Compensation - Lock Up Shares Activity (Details) - Lock-up shares - $ / shares	9 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Shares
Outstanding (in shares)	1,953,761	2,960,243
Granted (in shares)	0
Vested (in shares)	(1,006,482)
Forfeited (in shares)	0
Outstanding (in Euro per share)	$ 23.94

Share-Based Compensation - RSU

Share-Based Compensation - RSU Activity (Details) $ in Millions	9 Months Ended
	Sep. 30, 2023 USD ($) shares	Sep. 30, 2023 € / shares	Dec. 31, 2022 shares
Restricted Stock Units (RSUs)
Shares
Outstanding (in shares)	5,468,712		5,349,955
Granted (in shares)	1,575,851
Vested (in shares)	(1,116,711)
Forfeited (in shares)	(340,383)
Outstanding (in Euro per share) \| € / shares		€ 26.2
Unrecognized stock-based compensation, nonvested awards \| $	$ 77.1
Stock-based compensation, recognition period	3 years 1 month 6 days
Performance Stock Units (PSUs)
Shares
Outstanding (in shares)	705,777		522,467
Granted (in shares)	356,402
Vested (in shares)	(173,092)
Forfeited (in shares)	0
Outstanding (in Euro per share) \| € / shares		€ 27.94
Unrecognized stock-based compensation, nonvested awards \| $	$ 11
Stock-based compensation, recognition period	3 years 1 month 13 days

Share-Based Compensation - Warr

Share-Based Compensation - Warrants (Details) - € / shares	9 Months Ended
Share-Based Compensation - Warrants (Details) - € / shares	Sep. 30, 2023	Dec. 31, 2022
Shares
Outstanding (in shares)	244,457	302,775
Granted (in shares)	0
Exercised (in shares)	(58,318)
Canceled (in shares)	0
Expired (in shares)	0
Vested and exercisable (in shares)	237,852
Weighted-average exercise price (in Euro per share)	€ 17.65
Weighted-average remaining contractual term outstanding	4 years 8 months 23 days
Aggregate intrinsic value	€ 12.98

Financial and Other Income an_3

Financial and Other Income and Expenses - Schedule of Financial Income (Expense) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Other Income and Expenses [Abstract]
Financial income from cash equivalents	$ 1,055	$ 170	$ 3,190	$ 543
Interest and fees	(437)	(422)	(1,500)	(1,391)
Foreign exchange gains (losses)	(1,731)	3,795	(4,683)	24,384
Discounting impact	(1,593)	0	(3,692)	0
Other financial income (expense)	(261)	(58)	8,693	391
Total Financial and Other income (expense)	$ (2,967)	$ 3,485	$ 2,008	$ 23,927

Financial and Other Income an_4

Financial and Other Income and Expenses - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Other Income and Expenses [Abstract]
Financial and other income	$ (2,967)	$ 3,485	$ 2,008	$ 23,927

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Income Taxes - Narrative (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Provision for income tax (expense) benefit	$ 1,832	$ 1,442	$ (1,685)	$ 4,735

Income Taxes - Schedule of Prov

Income Taxes - Schedule of Provision for Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Provision for income tax (expense) benefit	$ 1,832	$ 1,442	$ (1,685)	$ 4,735

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of Basic Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Earnings Per Share [Abstract]
Net income (loss) attributable to shareholders of Criteo S.A.	$ 6,927	$ 6,579	$ (7,758)	$ (6,448)
Weighted average number of shares outstanding of Criteo S.A.	56,297,666	60,318,114	56,173,218	60,431,597
Basic earnings per share (in dollars per share)	$ 0.12	$ 0.11	$ (0.14)	$ (0.11)

Earnings Per Share - Schedule_2

Earnings Per Share - Schedule of Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Earnings Per Share [Abstract]
Net income (loss) attributable to shareholders of Criteo S.A.	$ 6,927	$ 6,579	$ (7,758)	$ (6,448)
Basic shares :
Weighted average number of shares outstanding of Criteo S.A.	56,297,666	60,318,114	56,173,218	60,431,597
Dilutive effect of :
Restricted share awards ("RSUs") (in shares)	3,718,688	2,715,552	0	0
Share options and BSPCE (in shares)	103,221	111,342	0	0
Share warrants (in shares)	53,378	90,803	0	0
Diluted shares :
Weighted average number of shares outstanding used to determine diluted earnings per share	60,172,953	63,235,811	56,173,218	60,431,597
Diluted earnings per share	$ 0.12	$ 0.10	$ (0.14)	$ (0.11)

Commitments and contingencies -

Commitments and contingencies - Narrative (Details) € in Millions, $ in Millions	9 Months Ended
	Sep. 30, 2023 EUR (€)	Sep. 30, 2023 USD ($)	Jun. 21, 2023 EUR (€)	Jun. 21, 2023 USD ($)	Aug. 03, 2022 EUR (€)	Aug. 03, 2022 USD ($)	Jun. 30, 2022 EUR (€)	Jun. 30, 2022 USD ($)
Loss Contingencies [Line Items]
Loss contingency, estimate of possible loss			€ 40	$ 44	€ 60	$ 65	€ 60	$ 65
Loss contingency accrual, period increase (decrease)	€ 40	$ 43.3
Iponweb
Loss Contingencies [Line Items]
Loss contingency accrual		$ 31.9

Breakdown of Revenue and Non-_3

Breakdown of Revenue and Non-Current Assets by Geographical Areas - Narrative (Details)	Sep. 30, 2023 market
Segment Reporting [Abstract]
Number of geographical markets in which entity operates	3

Breakdown of Revenue and Non-_4

Breakdown of Revenue and Non-Current Assets by Geographical Areas - Schedule of Consolidated Revenue by Geographical Area (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Revenues from External Customers and Long-Lived Assets [Line Items]
Total Revenue	$ 469,193	$ 446,921	$ 1,383,143	$ 1,452,578
Americas
Revenues from External Customers and Long-Lived Assets [Line Items]
Total Revenue	213,607	201,274	606,650	609,461
EMEA
Revenues from External Customers and Long-Lived Assets [Line Items]
Total Revenue	164,890	150,915	483,319	521,736
Asia-Pacific
Revenues from External Customers and Long-Lived Assets [Line Items]
Total Revenue	$ 90,696	$ 94,732	$ 293,174	$ 321,381

Breakdown of Revenue and Non-_5

Breakdown of Revenue and Non-Current Assets by Geographical Areas - Schedule of Revenue Generated in Other Significant Countries (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 469,193	$ 446,921	$ 1,383,143	$ 1,452,578
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	193,210	180,152	547,348	542,034
Germany
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	56,569	40,808	145,541	144,902
France
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	23,423	23,212	71,130	83,393
Japan
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 49,213	$ 56,999	$ 162,767	$ 196,818

Breakdown of Revenue and Non-_6

Breakdown of Revenue and Non-Current Assets by Geographical Areas - Schedule of Non-Current Assets by Geographical Area and Country (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	$ 308,270	$ 307,190
Americas
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	95,602	92,952
EMEA
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	196,649	193,007
Asia-Pacific
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	$ 16,019	$ 21,231