Criteo (CRTO) 10-Q1 Aug 242024 Q2 Quarterly reportFinancial data

Company Profile

Cover Page

Cover Page - shares	6 Months Ended
Cover Page - shares	Jun. 30, 2024	Jul. 26, 2024
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2024
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		55,985,114
Entity Central Index Key	0001576427
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
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	Jun. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 216,698	$ 336,341
Trade receivables, net of allowances of $38.7 million and $43.3 million at June 30, 2024 and December 31, 2023, respectively.	632,749	775,589
Income taxes	16,673	2,065
Other taxes	132,465	109,306
Other current assets	49,021	48,291
Restricted cash	75,000	75,000
Marketable securities - current portion	16,480	5,970
Total current assets	1,139,086	1,352,562
Property, plant and equipment, net	115,886	126,494
Intangible assets, net	172,744	180,888
Goodwill	519,924	524,197
Right of use assets - operating lease	103,507	112,487
Marketable securities - non-current portion	5,353	16,575
Non-current financial assets	5,441	5,294
Other non-current assets	59,699	60,742
Deferred tax assets	46,226	52,680
Total non-current assets	1,028,780	1,079,357
Total assets	2,167,866	2,431,919
Current liabilities:
Trade payables	635,208	838,522
Contingencies - current portion	1,373	1,467
Income taxes	3,334	17,213
Financial liabilities - current portion	7,020	3,389
Lease liability - operating - current portion	27,736	35,398
Other taxes	89,322	66,659
Employee - related payables	94,166	113,287
Other current liabilities	97,733	104,552
Total current liabilities	955,892	1,180,487
Deferred tax liabilities	3,061	1,083
Defined benefit plans	4,231	4,123
Financial liabilities - non-current portion	306	77
Lease liability - operating - non-current portion	78,801	83,051
Contingencies - non-current portion	32,625	32,625
Other non-current liabilities	19,760	19,082
Total non-current liabilities	138,784	140,041
Total liabilities	1,094,676	1,320,528
Shareholders' equity:
Common shares, €0.025 par value, 59,063,486 and 61,165,663 shares authorized, issued and outstanding at June 30, 2024 and December 31, 2023, respectively.	1,967	2,023
Treasury stock, 4,461,517 and 5,400,572 shares at cost as of June 30, 2024 and December 31, 2023, respectively.	(154,254)	(161,788)
Additional paid-in capital	761,681	769,240
Accumulated other comprehensive loss	(103,848)	(85,326)
Retained earnings	537,241	555,456
Equity-attributable to shareholders of Criteo S.A.	1,042,787	1,079,605
Non-controlling interests	30,403	31,786
Total equity	1,073,190	1,111,391
Total equity and liabilities	$ 2,167,866	$ 2,431,919

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (UNAUDITED) (Parenthetical) $ in Thousands	Jun. 30, 2024 € / shares	Jun. 30, 2024 USD ($) shares	Dec. 31, 2023 € / shares	Dec. 31, 2023 USD ($) shares
Statement of Financial Position [Abstract]
Trade receivables, allowances \| $		$ 38,717		$ 43,348
Common shares par value (in euro per share) \| € / shares	€ 0.025		€ 0.025
Common shares authorized (in shares)		59,063,486		61,165,663
Common shares issued (in shares)		59,063,486		61,165,663
Common shares outstanding (in shares)		59,063,486		61,165,663
Treasury stock (in shares)		4,461,517		5,400,572

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Statement [Abstract]
Revenue	$ 471,307	$ 468,934	$ 921,362	$ 913,950
Cost of revenue:
Traffic acquisition costs	(204,214)	(228,717)	(400,381)	(453,115)
Other cost of revenue	(34,248)	(40,435)	(70,913)	(79,544)
Gross profit	232,845	199,782	450,068	381,291
Operating expenses:
Research and development expenses	(59,639)	(67,775)	(126,497)	(131,365)
Sales and operations expenses	(95,069)	(112,511)	(187,911)	(213,753)
General and administrative expenses	(41,199)	(18,537)	(88,368)	(58,707)
Total operating expenses	(195,907)	(198,823)	(402,776)	(403,825)
Income (loss) from operations	36,938	959	47,292	(22,534)
Financial and Other income	(284)	(1,852)	897	4,975
Income (loss) before taxes	36,654	(893)	48,189	(17,559)
Provision for income tax (expense) benefit	(8,595)	(1,078)	(11,564)	3,517
Net Income (loss)	28,059	(1,971)	36,625	(14,042)
Net income (loss) available to shareholders of Criteo S.A.	26,987	(2,876)	34,231	(14,685)
Net income (loss) available to non-controlling interests	$ 1,072	$ 905	$ 2,394	$ 643
Weighted average shares outstanding used in computing per share amounts:
Basic shares :	54,684,560	55,924,824	54,915,140	56,094,887
Weighted average number of shares outstanding used to determine diluted earnings per share	58,974,186	55,924,824	59,151,582	56,094,887
Net income (loss) allocated to shareholders per share:
Net income allocated to shareholders, basic (in dollars per share)	$ 0.49	$ (0.05)	$ 0.62	$ (0.26)
Net income allocated to shareholders, diluted (in dollars per share)	$ 0.46	$ (0.05)	$ 0.58	$ (0.26)

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 28,059	$ (1,971)	$ 36,625	$ (14,042)
Foreign currency translation adjustments, net of taxes	(9,367)	(8,450)	(22,578)	(2,135)
Actuarial gains (losses) on employee benefits, net of taxes	449	(7)	177	(143)
Other comprehensive loss	(8,918)	(8,457)	(22,401)	(2,278)
Total comprehensive income (loss)	19,141	(10,428)	14,224	(16,320)
Attributable to shareholders of Criteo S.A.	19,901	(8,763)	15,708	(14,097)
Attributable to non-controlling interests	$ (760)	$ (1,665)	$ (1,484)	$ (2,223)

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, 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)	[1]				(1,338,049)
Change in treasury stocks	[1]	(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)		(14,042)
Other comprehensive income (loss)		(2,278)
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
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)	[1]				(89,425)
Change in treasury stocks	[1]	(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
Beginning balance (in shares) at Dec. 31, 2023				61,165,663	5,400,572
Beginning balance at Dec. 31, 2023		1,111,391	1,079,605	$ 2,023	$ (161,788)	769,240	(85,326)	555,456	31,786
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		8,566	7,244					7,244	1,322
Other comprehensive income (loss)		(13,483)	(11,437)				(11,437)		(2,046)
Issuance of ordinary shares (in shares)				15,338
Issuance of ordinary shares		395	395	$ 1		394
Change in treasury stocks (in shares)	[2]				(1,216,547)
Change in treasury stocks	[2]	(62,143)	(62,143)		$ (42,575)			(19,568)
Share-Based Compensation		27,913	27,858			27,858			55
Other changes in equity		(40)	(40)					(40)
Ending balance (in shares) at Mar. 31, 2024				61,181,001	6,617,119
Ending balance at Mar. 31, 2024		1,072,599	1,041,482	$ 2,024	$ (204,363)	797,492	(96,763)	543,092	31,117
Beginning balance (in shares) at Dec. 31, 2023				61,165,663	5,400,572
Beginning balance at Dec. 31, 2023		1,111,391	1,079,605	$ 2,023	$ (161,788)	769,240	(85,326)	555,456	31,786
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		36,625
Other comprehensive income (loss)		(22,401)
Ending balance (in shares) at Jun. 30, 2024				59,063,486	4,461,517
Ending balance at Jun. 30, 2024		1,073,190	1,042,787	$ 1,967	$ (154,254)	761,681	(103,848)	537,241	30,403
Beginning balance (in shares) at Mar. 31, 2024				61,181,001	6,617,119
Beginning balance at Mar. 31, 2024		1,072,599	1,041,482	$ 2,024	$ (204,363)	797,492	(96,763)	543,092	31,117
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		28,059	26,987					26,987	1,072
Other comprehensive income (loss)		(8,918)	(7,085)				(7,085)		(1,833)
Issuance of ordinary shares (in shares)				32,485
Issuance of ordinary shares		812	812			812
Change in treasury stocks (in shares)	[2]			(2,150,000)	2,155,602
Change in treasury stocks	[2]	(40,352)	(40,352)	$ (57)	$ 50,109	(57,871)		(32,533)
Share-Based Compensation		21,295	21,248			21,248			47
Other changes in equity		(305)	(305)					(305)
Ending balance (in shares) at Jun. 30, 2024				59,063,486	4,461,517
Ending balance at Jun. 30, 2024		$ 1,073,190	$ 1,042,787	$ 1,967	$ (154,254)	$ 761,681	$ (103,848)	$ 537,241	$ 30,403

[1] ( ) 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 2,469,577 shares repurchased at an average price of $31.3 offset by 1,042,103 treasury shares used for RSUs vesting. () On February 1, 2024, Criteo's board of directors authorized an extension of the share repurchase program to up to $630.0 million of the Company's outstanding American Depositary Shares. The change in treasury stocks is comprised of 3,089,910 shares repurchased at an average price of $33.1 offset by 1,503,965 treasury shares used for RSUs vesting, by 375,000 treasury shares used for LUSs vesting and by 2,150,000 treasury shares cancelled.

CONDENSED CONSOLIDATED STATEM_6

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (UNAUDITED) (Parenthetical) - USD ($) $ in Millions	Feb. 01, 2024	Dec. 07, 2022
Statement of Stockholders' Equity [Abstract]
Authorized amount of share repurchase program	$ 630	$ 480
Change in treasury stocks (in shares)	3,089,910	2,469,577
Treasury stock acquired, average cost per share (in dollars per share)	$ 33.1	$ 31.3
Treasury shares used for RSUs vesting (in shares)	1,503,965	1,042,103
Treasury shares used for LUSs vesting (in shares)	375,000
Treasury shares cancelled (in shares)	2,150,000

CONDENSED CONSOLIDATED STATEM_7

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands		6 Months Ended
		Jun. 30, 2024	Jun. 30, 2023
Cash from operating activities
Net income (loss)		$ 36,625	$ (14,042)
Non-cash and non-operating items		82,574	48,886
- Amortization and provisions		46,324	37,422
- Equity awards compensation expense	[1]	47,978	52,341
- Net (gain) or loss on disposal of non-current assets		574	(8,797)
- Change in uncertain tax position		1,757	(467)
- Net change in fair value of earn-out		3,187	516
- Change in deferred taxes		8,089	(20,536)
- Change in income taxes		(28,420)	(13,615)
- Other		3,085	2,022
Changes in working capital related to operating activities		(87,995)	8,448
- (Increase) / Decrease in trade receivables		136,520	129,454
- Increase / (Decrease) in trade payables		(193,210)	(128,557)
- (Increase) / Decrease in other current assets		(24,021)	(6,652)
- Increase/ (Decrease) in other current liabilities		(4,472)	14,597
- Change in operating lease liabilities and right of use assets		(2,812)	(394)
Cash from operating activities		31,204	43,292
Cash used for investing activities
Acquisition of intangible assets, property, plant and equipment		(36,968)	(61,507)
Change in accounts payable related to intangible assets, property, plant and equipment		2,625	(17,231)
Payment for business, net of cash acquired		(527)	(6,957)
Proceeds from disposition of investments		0	9,625
Change in other non-current financial assets		(287)	(12,267)
Cash used for investing activities		(35,157)	(88,337)
Cash used for financing activities
Proceeds from exercise of stock options		1,207	1,697
Repurchase of treasury stocks		(102,495)	(74,866)
Cash payment for contingent consideration		0	(22,025)
Change in other financing activities		(810)	(923)
Cash used for financing activities		(102,098)	(96,117)
Effect of exchange rates changes on cash and cash equivalents		(13,507)	(8,855)
Net decrease in cash and cash equivalents and restricted cash		(119,558)	(150,017)
Net cash and cash equivalents and restricted cash at beginning of period		411,257	448,200
Net cash and cash equivalents and restricted cash at end of period		291,698	298,183
Supplemental disclosures of cash flow information
Cash paid for taxes, net of refunds		(24,571)	(31,101)
Cash paid for interest		$ (653)	$ (676)

[1]Of which $47.1 million and $51.4 million of equity awards compensation expense consisted of share-based compensation expense, net of capitalized stock-based compensation relating to internally developed software according to ASC 718 Compensatio n - stock compensation for the three months ended June 30, 2024 and 2023 , respectively.

CONDENSED CONSOLIDATED STATEM_8

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (Parenthetical) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Share-based compensation expense	$ 47,978	$ 52,341
Accounting Standards Update 2021-04
Share-based compensation expense	$ 47,100	$ 51,400

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
Summary of Significant Accounting Policies	Jun. 30, 2024
Accounting Policies [Abstract]
Summary of significant accounting policies	Summary of Significant Accounting Policies Basis of Presentation The accompanying unaudited condensed consolidated financial statements (the "Unaudited Condensed Consolidated Financial Statements") have been prepared by Criteo in accordance with generally accepted accounting principles in the United States of America ("GAAP") and pursuant to the applicable rules and regulations of the Securities and Exchange Commission ("SEC"), including regarding interim financial reporting. Certain information and disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. As such, 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, 2023, filed with the SEC on February 23, 2024. The unaudited condensed consolidated financial statements included herein reflect all normal recurring adjustments that 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 ending December 31, 2024. Use of Estimates The preparation of our Consolidated Financial Statements requires the use of estimates, assumptions and judgments that affect the reported amounts of assets, liabilities, and disclosures of contingent assets and liabilities at the date of the consolidated financial statements and the reported amount of revenue and expenses during the period. We base our estimates and assumptions on historical experience and other factors that we believe to be reasonable under the circumstances. We evaluate our estimates and assumptions on an ongoing basis. Our actual results may differ from these estimates. Estimates in our financial statements include, but are not limited to, (1) gross versus net assessment in revenue recognition (2) income taxes, (3) assumptions used in the valuation of long-lived assets including intangible assets, and goodwill, (4) assumptions surrounding the recognition and valuation of contingent liabilities and losses. Significant Accounting Policies Reportable Segments Beginning with the first quarter of 2024, the Company has changed its segment reporting structure to two reportable segments: Retail Media and Performance Media, which combines our former Marketing Solutions and Iponweb segments, to align with a change in how the Chief Operating Decision Maker (CODM), our Chief Executive Officer (CEO), allocates resources and assesses performance. As such, prior period segment results and related disclosures have been conformed to reflect the Company’s current reportable segments. This change in accounting policy did not impact our results of operations, financial position, or cash flows. Refer to Note 2 for further discussion. Goodwill Interim Impairment Evaluation The Company's goodwill balance was $519.9 million and $524.2 million at June 30, 2024 and December 31, 2023, respectively. We assess goodwill for impairment at least annually during the fourth quarter and whenever events or changes in circumstances indicate that the carrying value may not be recoverable. As noted above, during the first quarter 2024, the Company made a change to its operating and reportable segments from three to two segments: Retail Media and Performance Media. As a result of this change, we reassessed our reporting units for the evaluation of goodwill. Prior to this change, consistent with the determination that we had three operating/reportable segment, we determined that we had three reporting units for goodwill assessment purposes. Our reassessment during the first quarter of 2024 determined that, consistent with the determination that we had two operating/ reportable segments, we also have two reporting units for goodwill assessment purposes: Retail Media and Performance Media. As a result of this change in reporting units, effective January 1, 2024, we estimated the fair value of our new reporting units and, based on an assessment of the relative fair values of our new reporting units after the change, we determined that the goodwill held by the Iponweb reportable unit was now allocated to the Performance Media reporting unit. This determination was largely based on the fact that the operations of the previous Iponweb operating segment/ reporting unit are significantly integrated with the Performance Media operating segment / reportable unit. The change in reporting units was also considered a triggering event indicating a test for goodwill impairment was required as of January 1, 2024 before and after the change in reporting units. The Company performed those impairment tests, which did not result in the identification of an impairment loss as of January 1, 2024. Goodwill allocated to the two reportable segments and the changes in the carrying amount for the quarter-ended June 30, 2024 were as follows: Retail Media Performance Media Total Balance at January 1, 2024 $ 149,680 $ 374,517 $ 524,197 Acquisitions — — — Disposals — — — Currency translation adjustment (1,044) (3,229) (4,273) Impairments — — — Balance at June 30, 2024 $ 148,636 $ 371,288 $ 519,924 There have been no other significant changes to our accounting policies described in our Annual Report on Form 10-K for the fiscal year ended December 31, 2023. Recently Issued Accounting Pronouncements There have been no recently issued accounting standards adopted during the period which had a material impact on the Company's financial statements. There are no recently issued accounting standards that are expected to have a material impact on our results of operations, financial condition, or cash flows.

Segment information

Segment information	6 Months Ended
Segment information	Jun. 30, 2024
Segment Reporting [Abstract]
Segment information	Segment information 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. Beginning with the first quarter of 2024, the Company changed its segment reporting structure and reports its results of operations through the following two segments: Retail Media and Performance Media. – Retail Media: This segment encompasses revenue generated from brands, agencies and retailers for the purchase and sale of retail media digital advertising inventory and audiences, and services. – Performance Media: This segment encompasses commerce activation, monetization, and services. The Company's CODM allocates resources to and assesses the performance of each segment using information about Contribution excluding Traffic Acquisition Costs (Contribution ex-TAC), which is our segment profitability measure and reflects our gross profit plus other costs of revenue. The Company's CODM does not review any other financial information for our two segments. The following table shows revenue by reportable segment: Three Months Ended Six Months Ended June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 (in thousands) Retail Media $ 54,777 $ 44,590 $ 105,649 $ 82,611 Performance Media 416,530 424,344 815,713 831,339 Total Revenue $ 471,307 $ 468,934 $ 921,362 $ 913,950 The following table shows Contribution ex-TAC by reportable segment and its reconciliation to the Company’s Consolidated Statements of Operation: Three Months Ended Six Months Ended June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 (in thousands) Contribution ex-TAC Retail Media $ 53,866 $ 43,518 $ 104,035 $ 80,870 Performance Media 213,227 196,699 416,946 379,965 $ 267,093 $ 240,217 $ 520,981 $ 460,835 Other costs of sales (34,248) (40,435) (70,913) (79,544) Gross profit $ 232,845 $ 199,782 $ 450,068 $ 381,291 Operating expenses Research and development expenses (59,639) (67,775) (126,497) (131,365) Sales and operations expenses (95,069) (112,511) (187,911) (213,753) General and administrative expenses (41,199) (18,537) (88,368) (58,707) Total Operating expenses $ (195,907) $ (198,823) $ (402,776) $ (403,825) Income (loss) from operations $ 36,938 $ 959 $ 47,292 $ (22,534) Financial and Other Income (Expense) (284) (1,852) 897 4,975 Income (loss) before tax $ 36,654 $ (893) $ 48,189 $ (17,559) 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. Three Months Ended Americas EMEA Asia-Pacific Total (in thousands) June 30, 2024 $ 212,374 $ 168,496 $ 90,437 $ 471,307 June 30, 2023 $ 208,465 $ 163,968 $ 96,501 $ 468,934 Six Months Ended Americas EMEA Asia-Pacific Total (in thousands) June 30, 2024 $ 410,739 $ 331,338 $ 179,285 $ 921,362 June 30, 2023 $ 396,753 $ 324,182 $ 193,015 $ 913,950 Revenue generated in other significant countries where we operate is presented in the followin g table: Three Months Ended Six Months Ended June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 (in thousands) Americas United States $ 190,725 $ 188,257 $ 368,002 $ 357,848 EMEA Germany $ 48,876 $ 48,418 $ 98,753 $ 94,200 France $ 22,476 $ 24,409 $ 43,949 $ 47,707 Asia-Pacific Japan $ 48,853 $ 53,862 $ 101,997 $ 113,554 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) June 30, 2024 $ 82,315 $ 193,079 $ 13,235 $ 288,630 December 31, 2023 $ 89,355 $ 202,969 $ 15,058 $ 307,382

Financial Instruments

Financial Instruments	6 Months Ended
Financial Instruments	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Financial Instruments	Financial Instruments Fair Value Measurements We classify our cash, cash equivalents and marketable debt securities within Level 1 or Level 2 because we use quoted market prices or pricing models with observable inputs to determine their fair value. Our term deposits are comprised primarily of interest-bearing term deposits and mutual funds. Interest-bearing and term bank deposits are considered Level 2 financial instruments as they are measured using valuation techniques based on observable market data. Term deposits are considered a level 2 financial instrument as they are measured using valuation techniques based on observable market data. June 30, 2024 December 31, 2023 Cash and Cash Equivalent Marketable Securities Cash and Cash Equivalent Marketable Securities (in thousands) Level 1 Cash and cash equivalents $ 177,555 $ — $ 285,518 $ — Level 2 Term deposits and notes 39,144 21,833 50,823 22,545 Total $ 216,698 $ 21,833 $ 336,341 $ 22,545 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: June 30, 2024 December 31, 2023 (in thousands) Securities Held-to-maturity Term Deposits 21,833 22,545 Total $ 21,833 $ 22,545 The gross unrealized gains on our marketable securities were not material as of June 30, 2024 . The following table classifies our marketable debt securities by contractual maturities: Held-to-maturity June 30, 2024 (in thousands) Due in one year $ 16,480 Due in one to five years 5,353 Total $ 21,833 Restricted Cash

Trade Receivables

Trade Receivables	6 Months Ended
Trade Receivables	Jun. 30, 2024
Receivables [Abstract]
Trade Receivables	Trade Receivables The following table shows the breakdown in trade receivables net book value for the presented periods: June 30, 2024 December 31, 2023 (in thousands) Trade accounts receivables $ 671,466 $ 818,937 (Less) Allowance for credit losses (38,717) (43,348) Net book value at end of period $ 632,749 $ 775,589 As of June 30, 2024 no customer individually exceeded 10% of our gross accounts receivables.

Other Current and Non-Current A

Other Current and Non-Current Assets	6 Months Ended
Other Current and Non-Current Assets	Jun. 30, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Current and Non-Current Assets	Other Current and Non-Current Assets The following table shows the breakdown in other current assets net book value for the presented periods: June 30, 2024 December 31, 2023 (in thousands) Prepayments to suppliers $ 7,107 $ 7,499 Other debtors 11,423 7,279 Prepaid expenses 30,491 32,858 Other current assets — 655 Net book value at end of period $ 49,021 $ 48,291 Prepaid expenses mainly consist of amounts related to SaaS arrangements. Other non-current assets of $59.7 million are primarily comprised of the indemnification asset of $49.1 million recorded against certain tax liabilities related to the purchase agreement for the Iponweb Acquisition.

Other Current and Non-Current L

Other Current and Non-Current Liabilities	6 Months Ended
Other Current and Non-Current Liabilities	Jun. 30, 2024
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: June 30, 2024 December 31, 2023 (in thousands) Customer prepayments $ 7,893 $ 25,914 Rebates 24,671 23,315 Accounts payable relating to capital expenditures 5,146 3,346 Other creditors 2,685 2,319 Deferred revenue 2,698 10 Earn out liability – current 54,639 49,647 Total current liabilities $ 97,733 $ 104,552 The earn out liability is related to the Iponweb Acquisition, whereas the Sellers are entitled to contingent consideration, which is conditioned upon the achievement of certain revenue targets by the Iponweb business for the 2023 fiscal year. The related earn-out liability is valued and discounted using management's best estimate of the consideration that is expected to be paid during 2024. Other non-current liabilities are presented in the following table: June 30, 2024 December 31, 2023 (in thousands) Uncertain tax positions $ 18,109 $ 16,785 Other $ 1,651 $ 2,297 Total non-current liabilities $ 19,760 $ 19,082 The uncertain tax positions are primarily related to the Iponweb Acquisition.

Leases

Leases	6 Months Ended
Leases	Jun. 30, 2024
Leases [Abstract]
Leases	Leases The components of lease expense are as follows: Three Months Ended June 30, 2024 June 30, 2023 Offices Data Centers Total Offices Data Centers Total (in thousands) Lease expense $ 3,598 $ 6,611 $ 10,209 $ 3,425 $ 5,624 $ 9,049 Short term lease expense 314 — 314 147 20 167 Variable lease expense 340 29 369 115 57 172 Sublease income (387) — (387) (186) — (186) Total operating lease expense $ 3,865 $ 6,640 $ 10,505 $ 3,501 $ 5,701 $ 9,202 Six Months Ended June 30, 2024 June 30, 2023 Offices Data Centers Total Offices Data Centers Total (in thousands) Lease expense $ 7,215 $ 12,856 $ 20,071 $ 7,129 $ 11,200 $ 18,329 Short term lease expense 627 — 627 289 29 318 Variable lease expense 671 57 728 204 61 265 Sublease income (809) — (809) (415) — (415) Total operating lease expense $ 7,704 $ 12,913 $ 20,617 $ 7,207 $ 11,290 $ 18,497

Employee Benefits

Employee Benefits	6 Months Ended
Employee Benefits	Jun. 30, 2024
Retirement Benefits [Abstract]
Employee Benefits	Employee Benefits Defined Benefit Plans According to 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, 2023 $ 3,708 Service cost 707 Interest cost 161 Curtailment (306) Actuarial losses (gains) (290) Currency translation adjustment 143 Projected benefit obligation present value at December 31, 2023 $ 4,123 Service cost 343 Interest cost 79 Actuarial losses (gains) (187) Currency translation adjustment (127) Projected benefit obligation present value at June 30, 2024 $ 4,231 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: Six Months Ended Year Ended June 30, 2024 December 31, 2023 Discount rate (Corp AA) 4.1% 3.9% Expected rate of salary increase 7.0% 7.0% Expected rate of social charges 48.0% 48.0% Expected staff turnover Company age-based table Company age-based table Estimated retirement age 65 years old 65 years old 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 Six Months Ended June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 (in thousands) Defined contributions plans included in personnel expenses $ (6,064) $ (5,536) $ (10,290) $ (9,614)

Revenue

Revenue	6 Months Ended
Revenue	Jun. 30, 2024
Revenue from Contract with Customer [Abstract]
Revenue	Revenue The following table presents our disaggregated revenues by segment: Three Months Ended Retail Media Performance Media Total (in thousands) June 30, 2024 $ 54,777 $ 416,530 $ 471,307 June 30, 2023 $ 44,590 $ 424,344 $ 468,934 Six Months Ended Retail Media Performance Media Total (in thousands) June 30, 2024 $ 105,649 $ 815,713 $ 921,362 June 30, 2023 $ 82,611 $ 831,339 $ 913,950

Share-Based Compensation

Share-Based Compensation	6 Months Ended
Share-Based Compensation	Jun. 30, 2024
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 : Six Months Ended June 30, 2024 June 30, 2023 (in thousands) Research and Development $ (23,653) $ (32,504) Sales and Operations (10,087) (9,092) General and Administrative (14,238) (10,745) Total equity awards compensation expense (1) $ (47,978) $ (52,341) Tax benefit from equity awards compensation expense 5,101 3,669 Total equity awards compensation expense, net of tax effect $ (42,877) $ (48,672) (1) The six months ended June 30, 2024 are presented net of $2.1 million capitalized stock-based compensation relating to internally developed software. During the six months ended June 30, 2024, the Company settled $13.1 million of equity instruments granted under share-based arrangements. The breakdown of the equity award compensation expense by instrument type was as follows: Six Months Ended June 30, 2024 June 30, 2023 (in thousands) Share options $ — $ (65) Lock-up shares (14,007) (21,422) Restricted stock units / Performance stock units (33,092) (29,931) Non-employee warrants (879) (923) Total equity awards compensation expense (1) $ (47,978) $ (52,341) Tax benefit from equity awards compensation expense 5,101 3,669 Total equity awards compensation expense, net of tax effect $ (42,877) $ (48,672) (1) Presented net of $2.1 million capitalized stock-based compensation relating to internally developed software. 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, 2023 319,238 Options granted — Options exercised (41,123) Options forfeited (5,690) Options canceled — Options expired (5,120) Outstanding as of June 30, 2024 267,305 Vested and exercisable as of June 30, 2024 267,305 € 19.93 4.39 € 16.14 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 June 30, 2024. As of June 30, 2024, there was no remaining unrecognized stock-based compensation related to unvested stock options. 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"), as partial consideration for the Iponweb Acquisition. 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, 2023 1,953,761 — Granted — — Vested (375,000) — Forfeited — — Outstanding as of June 30, 2024 1,578,761 € 23.94 During the six months ended June 30, 2024, the vesting resulted in the recognition of share-based compensation expense of $5.1 million. As of June 30, 2024, the Company had unrecognized stock-based compensation relating to restricted stock of approximately $6.8 million, which is expected to be recognized over a period from July 1, 2024 to August 1, 2025. Restricted Stock Units and Performance Stock Units During the six months ended June 30, 2024, the Company granted new equity under our current equity compensation plans, which was comprised of restricted stock units (“RSU”), and performance-based RSU awards consisting of total shareholder return (“TSR”) and performance vesting conditions (“PSU”) to the Company’s senior executives. Restricted Stock Units Restricted stock units 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, 2023 5,293,263 — Granted 392,804 — Vested (1,342,769) — Forfeited (179,822) — Outstanding as of June 30, 2024 4,163,476 € 27.6 The RSUs are subject to a vesting period of four years, over which the expense is recognized on a straight-line basis. A total of 392,804 shares have been granted under this plan, with a weighted-average grant-date fair value of €30.00. As of June 30, 2024, the Company had unrecognized stock-based compensation relating to restricted stock of approximately $56.4 million, which is expected to be recognized over a weighted-average period of 2.9 years. Performance Stock Units Performance stock units are subject to either a performance condition or a market condition. Awards that are subject to a performance condition, are earned based on internal financial performance metrics measured by Contribution ex-TAC. A total of 536,452 shares have been granted at target under this plan with a vesting period of three years. The target shares are subject to a range of vesting from 0% to 200% based on the performance of internal financial metrics, for a maximum number of shares of 1,072,906. The grant-date fair value is determined based on the fair-value of the shares at the grant date, which is €29.88 per share for a total fair value of approximately $17.4 million, to be expensed on a straight-line basis over the respective vesting period. The number of shares granted, vesting and outstanding subject to performance conditions is as follows: Shares (PSU) Weighted-Average Grant date Fair Value Per Share Outstanding as of December 31, 2023 660,395 — Granted 536,452 — Performance share adjustment 64,152 Vested (164,764) — Forfeited — — Outstanding as of June 30, 2024 1,096,235 € 29.90 As of June 30, 2024, the Company had unrecognized stock-based compensation related to performance stock units of approximately $21.8 million, which is expected to be recognized over a weighted-average period of 3.4 years. Awards that are subject to a market condition are earned based on the Company’s total shareholder return relative to the Nasdaq Composite Index, and certain other vesting conditions. A total of 268,226 shares have been granted at target under this plan, to be earned in two equal tranches over a term of two The grant-date fair value was determined based on a Monte-Carlo valuation model using the following key assumptions: Expected volatility of the Company 42.73 % Expected volatility of the benchmark 71.18 % Risk-free rate 4.27 % Expected dividend yield — % The number of shares granted, vested and outstanding subject to market conditions is as follows: Shares (TSR) Weighted-Average Grant date Fair Value Per Share Outstanding as of December 31, 2023 — — Granted 268,226 — Vested — — Forfeited — — Outstanding as of June 30, 2024 268,226 € 47.42 As of June 30, 2024, a total of $1.9 million expense has been recognized and the Company had unrecognized stock-based compensation related to performance stock units based of market conditions of $11.8 million, which is expected to be recognized over a period from July 1, 2024 to March 1, 2027. 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, 2023 244,457 Granted — Exercised — Canceled — Expired — Outstanding as of June 30, 2024 244,457 € 17.65 3.98 € 18.37 Vested and exercisable - June 30, 2024 244,457 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 June 30, 2024. As of June 30, 2024 all instruments have fully vested.

Financial and Other Income and

Financial and Other Income and Expenses	6 Months Ended
Financial and Other Income and Expenses	Jun. 30, 2024
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” can be broken down as follows: Three Months Ended Six Months Ended June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 (in thousands) Financial income from cash equivalents $ 1,640 $ 1,072 $ 3,829 $ 2,135 Interest and fees (409) (577) (832) (1,063) Foreign exchange gains (losses) (1,437) (1,003) (559) (2,952) Discounting impact 12 (1,419) (1,766) (2,099) Other financial income (90) 75 225 8,954 Total Financial and Other Income (Expense) $ (284) $ (1,852) $ 897 $ 4,975 The $0.9 million in financial and other income for the six months ended June 30, 2024, were mainly driven by financial income from cash equivalents, partially offset by a negative impact of foreign exchange loss and the change in the accretion of the earn-out liability related to the Iponweb Acquisition. As of June 30, 2024, 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	6 Months Ended
Income Taxes	Jun. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	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. Our effective tax rate in the future will depend on the portion of our profits earned within and outside of France. In December 2021, the Organization for Economic Cooperation and Development (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. Numerous jurisdictions have enacted or are in the process of enacting legislation to adopt a minimum effective tax rate. While the adoption of Pillar Two did not have a material impact on the first six months of 2024, the Company will continue to assess the ongoing impact as additional guidance becomes available. The following table presents provision for income taxes: Six Months Ended June 30, 2024 June 30, 2023 (in thousands) Provision for income tax (expense) benefit $ (11,564) $ 3,517 The $(11.6) million provision for income tax expense for the six months ended June 30, 2024 was driven by profits from operations. The six months ended June 30, 2024 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 and nondeductible equity awards compensation expense.

Earnings Per Share

Earnings Per Share	6 Months Ended
Earnings Per Share	Jun. 30, 2024
Earnings Per Share [Abstract]
Earnings per share	Earnings Per Share Basic Earnings Per Share We calculate basic earnings (loss) per share ("EPS") 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 Six Months Ended June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 Net income (loss) attributable to shareholders of Criteo S.A. $ 26,987 $ (2,876) $ 34,231 $ (14,685) Weighted average number of shares outstanding 54,684,560 55,924,824 54,915,140 56,094,887 Basic earnings (loss) per share $ 0.49 $ (0.05) $ 0.62 $ (0.26) Diluted Earnings Per Share We calculate diluted earnings (loss) per share by dividing the net income or loss attributable to shareholders of the Parent by the weighted average number of shares outstanding plus any potentially dilutive shares not yet issued from share-based compensation plans (refer to Note 10). For the six months ended June 30, 2023, the Company reported a net loss hence basic net loss per share was the same as diluted net loss per share, as the inclusion of all potential shares of common stock outstanding would have been anti-dilutive. For each period presented, a contract to issue a certain number of shares (i.e., share option, non-employee warrant, employee warrant ("BSPCE")) is assessed as potentially dilutive if it is “in the money” (i.e., the exercise or settlement price is lower than the average market price). Three Months Ended Six Months Ended June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 Net income (loss) attributable to shareholders of Criteo S.A. $ 26,987 $ (2,876) $ 34,231 $ (14,685) Basic shares : Weighted average number of shares outstanding of Criteo S.A. 54,684,560 55,924,824 54,915,140 56,094,887 Dilutive effect of : Restricted share awards ("RSUs") 2,766,726 — 2,880,402 — Lock-up shares ('LUSs") 1,333,396 — 1,187,404 — Share options and BSPCE 118,366 — 107,565 — Share warrants 71,138 — 61,072 — Diluted shares : Weighted average number of shares outstanding used to determine diluted earnings per share 58,974,186 55,924,824 59,151,582 56,094,887 Diluted earnings (loss) per share $ 0.46 $ (0.05) $ 0.58 $ (0.26) The weighted average number of securities that were anti-dilutive for diluted EPS for the periods presented but which could potentially dilute EPS in the future are as follows: Six Months Ended June 30, 2024 June 30, 2023 Restricted share awards 454,891 248,911 Share options and BSPCE — — Weighted average number of anti-dilutive securities excluded from diluted earnings per share 454,891 248,911

Commitments and contingencies

Commitments and contingencies	6 Months Ended
Commitments and contingencies	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and contingencies	Commitments and 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. Legal and Regulatory matters 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. In June 2023, the CNIL issued its decision, which retained alleged European Union's General Data Protection Regulation ("GDPR") violations but reduced the financial sanction against Criteo from the original amount of €60 million ($64.2 million) to €40 million ($42.8 million). Criteo issued the required sanction payment during the third quarter of 2023. The decision relates to past matters and does not include any obligation for Criteo to change its current practices. Criteo has appealed this decision before the French Council of State ( Conseil d’Etat) . We are party to a claim (Doe v. GoodRx Holdings, Inc. et al. in the U.S. District Court for the Northern District of California), alleging violations of various state and federal laws. We intend to vigorously defend our position, but we are unable to predict the potential outcome. Non income tax risks

Breakdown of Revenue and Non-Cu

Breakdown of Revenue and Non-Current Assets by Geographical Areas	6 Months Ended
	Jun. 30, 2024
Segment Reporting [Abstract]
Breakdown of Revenue and Non-Current Assets by Geographical Areas	Segment information 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. Beginning with the first quarter of 2024, the Company changed its segment reporting structure and reports its results of operations through the following two segments: Retail Media and Performance Media. – Retail Media: This segment encompasses revenue generated from brands, agencies and retailers for the purchase and sale of retail media digital advertising inventory and audiences, and services. – Performance Media: This segment encompasses commerce activation, monetization, and services. The Company's CODM allocates resources to and assesses the performance of each segment using information about Contribution excluding Traffic Acquisition Costs (Contribution ex-TAC), which is our segment profitability measure and reflects our gross profit plus other costs of revenue. The Company's CODM does not review any other financial information for our two segments. The following table shows revenue by reportable segment: Three Months Ended Six Months Ended June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 (in thousands) Retail Media $ 54,777 $ 44,590 $ 105,649 $ 82,611 Performance Media 416,530 424,344 815,713 831,339 Total Revenue $ 471,307 $ 468,934 $ 921,362 $ 913,950 The following table shows Contribution ex-TAC by reportable segment and its reconciliation to the Company’s Consolidated Statements of Operation: Three Months Ended Six Months Ended June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 (in thousands) Contribution ex-TAC Retail Media $ 53,866 $ 43,518 $ 104,035 $ 80,870 Performance Media 213,227 196,699 416,946 379,965 $ 267,093 $ 240,217 $ 520,981 $ 460,835 Other costs of sales (34,248) (40,435) (70,913) (79,544) Gross profit $ 232,845 $ 199,782 $ 450,068 $ 381,291 Operating expenses Research and development expenses (59,639) (67,775) (126,497) (131,365) Sales and operations expenses (95,069) (112,511) (187,911) (213,753) General and administrative expenses (41,199) (18,537) (88,368) (58,707) Total Operating expenses $ (195,907) $ (198,823) $ (402,776) $ (403,825) Income (loss) from operations $ 36,938 $ 959 $ 47,292 $ (22,534) Financial and Other Income (Expense) (284) (1,852) 897 4,975 Income (loss) before tax $ 36,654 $ (893) $ 48,189 $ (17,559) 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. Three Months Ended Americas EMEA Asia-Pacific Total (in thousands) June 30, 2024 $ 212,374 $ 168,496 $ 90,437 $ 471,307 June 30, 2023 $ 208,465 $ 163,968 $ 96,501 $ 468,934 Six Months Ended Americas EMEA Asia-Pacific Total (in thousands) June 30, 2024 $ 410,739 $ 331,338 $ 179,285 $ 921,362 June 30, 2023 $ 396,753 $ 324,182 $ 193,015 $ 913,950 Revenue generated in other significant countries where we operate is presented in the followin g table: Three Months Ended Six Months Ended June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 (in thousands) Americas United States $ 190,725 $ 188,257 $ 368,002 $ 357,848 EMEA Germany $ 48,876 $ 48,418 $ 98,753 $ 94,200 France $ 22,476 $ 24,409 $ 43,949 $ 47,707 Asia-Pacific Japan $ 48,853 $ 53,862 $ 101,997 $ 113,554 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) June 30, 2024 $ 82,315 $ 193,079 $ 13,235 $ 288,630 December 31, 2023 $ 89,355 $ 202,969 $ 15,058 $ 307,382

Subsequent Events

Subsequent Events	6 Months Ended
Subsequent Events	Jun. 30, 2024
Subsequent Events [Abstract]
Subsequent events	Subsequent Events The Company evaluated all subsequent events that occurred after June 30, 2024 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		6 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net income (loss) attributable to shareholders of Criteo S.A.	$ 26,987	$ (2,876)	$ 34,231	$ (14,685)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Jun. 30, 2024
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)	6 Months Ended
Summary of Significant Accounting Policies (Policies)	Jun. 30, 2024
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements (the "Unaudited Condensed Consolidated Financial Statements") have been prepared by Criteo in accordance with generally accepted accounting principles in the United States of America ("GAAP") and pursuant to the applicable rules and regulations of the Securities and Exchange Commission ("SEC"), including regarding interim financial reporting. Certain information and disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. As such, 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, 2023, filed with the SEC on February 23, 2024. The unaudited condensed consolidated financial statements included herein reflect all normal recurring adjustments that 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 ending December 31, 2024.
Use of Estimates	Use of Estimates The preparation of our Consolidated Financial Statements requires the use of estimates, assumptions and judgments that affect the reported amounts of assets, liabilities, and disclosures of contingent assets and liabilities at the date of the consolidated financial statements and the reported amount of revenue and expenses during the period. We base our estimates and assumptions on historical experience and other factors that we believe to be reasonable under the circumstances. We evaluate our estimates and assumptions on an ongoing basis. Our actual results may differ from these estimates. Estimates in our financial statements include, but are not limited to, (1) gross versus net assessment in revenue recognition (2) income taxes, (3) assumptions used in the valuation of long-lived assets including intangible assets, and goodwill, (4) assumptions surrounding the recognition and valuation of contingent liabilities and losses.
Significant Accounting Policies	Significant Accounting Policies Reportable Segments Beginning with the first quarter of 2024, the Company has changed its segment reporting structure to two reportable segments: Retail Media and Performance Media, which combines our former Marketing Solutions and Iponweb segments, to align with a change in how the Chief Operating Decision Maker (CODM), our Chief Executive Officer (CEO), allocates resources and assesses performance. As such, prior period segment results and related disclosures have been conformed to reflect the Company’s current reportable segments. This change in accounting policy did not impact our results of operations, financial position, or cash flows. Refer to Note 2 for further discussion. Goodwill Interim Impairment Evaluation The Company's goodwill balance was $519.9 million and $524.2 million at June 30, 2024 and December 31, 2023, respectively. We assess goodwill for impairment at least annually during the fourth quarter and whenever events or changes in circumstances indicate that the carrying value may not be recoverable. As noted above, during the first quarter 2024, the Company made a change to its operating and reportable segments from three to two segments: Retail Media and Performance Media. As a result of this change, we reassessed our reporting units for the evaluation of goodwill. Prior to this change, consistent with the determination that we had three operating/reportable segment, we determined that we had three reporting units for goodwill assessment purposes. Our reassessment during the first quarter of 2024 determined that, consistent with the determination that we had two operating/ reportable segments, we also have two reporting units for goodwill assessment purposes: Retail Media and Performance Media. As a result of this change in reporting units, effective January 1, 2024, we estimated the fair value of our new reporting units and, based on an assessment of the relative fair values of our new reporting units after the change, we determined that the goodwill held by the Iponweb reportable unit was now allocated to the Performance Media reporting unit. This determination was largely based on the fact that the operations of the previous Iponweb operating segment/ reporting unit are significantly integrated with the Performance Media operating segment / reportable unit. The change in reporting units was also considered a triggering event indicating a test for goodwill impairment was required as of January 1, 2024 before and after the change in reporting units. The Company performed those impairment tests, which did not result in the identification of an impairment loss as of January 1, 2024. Goodwill allocated to the two reportable segments and the changes in the carrying amount for the quarter-ended June 30, 2024 were as follows: Retail Media Performance Media Total Balance at January 1, 2024 $ 149,680 $ 374,517 $ 524,197 Acquisitions — — — Disposals — — — Currency translation adjustment (1,044) (3,229) (4,273) Impairments — — — Balance at June 30, 2024 $ 148,636 $ 371,288 $ 519,924
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements There have been no recently issued accounting standards adopted during the period which had a material impact on the Company's financial statements. There are no recently issued accounting standards that are expected to have a material impact on our results of operations, financial condition, or cash flows.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	6 Months Ended
Summary of Significant Accounting Policies (Tables)	Jun. 30, 2024
Accounting Policies [Abstract]
Schedule of Goodwill	Goodwill allocated to the two reportable segments and the changes in the carrying amount for the quarter-ended June 30, 2024 were as follows: Retail Media Performance Media Total Balance at January 1, 2024 $ 149,680 $ 374,517 $ 524,197 Acquisitions — — — Disposals — — — Currency translation adjustment (1,044) (3,229) (4,273) Impairments — — — Balance at June 30, 2024 $ 148,636 $ 371,288 $ 519,924

Segment information (Tables)

Segment information (Tables)	6 Months Ended
Segment information (Tables)	Jun. 30, 2024
Segment Reporting [Abstract]
Schedule of Segment Reporting Information	The following table shows revenue by reportable segment: Three Months Ended Six Months Ended June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 (in thousands) Retail Media $ 54,777 $ 44,590 $ 105,649 $ 82,611 Performance Media 416,530 424,344 815,713 831,339 Total Revenue $ 471,307 $ 468,934 $ 921,362 $ 913,950 The following table shows Contribution ex-TAC by reportable segment and its reconciliation to the Company’s Consolidated Statements of Operation: Three Months Ended Six Months Ended June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 (in thousands) Contribution ex-TAC Retail Media $ 53,866 $ 43,518 $ 104,035 $ 80,870 Performance Media 213,227 196,699 416,946 379,965 $ 267,093 $ 240,217 $ 520,981 $ 460,835 Other costs of sales (34,248) (40,435) (70,913) (79,544) Gross profit $ 232,845 $ 199,782 $ 450,068 $ 381,291 Operating expenses Research and development expenses (59,639) (67,775) (126,497) (131,365) Sales and operations expenses (95,069) (112,511) (187,911) (213,753) General and administrative expenses (41,199) (18,537) (88,368) (58,707) Total Operating expenses $ (195,907) $ (198,823) $ (402,776) $ (403,825) Income (loss) from operations $ 36,938 $ 959 $ 47,292 $ (22,534) Financial and Other Income (Expense) (284) (1,852) 897 4,975 Income (loss) before tax $ 36,654 $ (893) $ 48,189 $ (17,559)

Financial Instruments (Tables)

Financial Instruments (Tables)	6 Months Ended
Financial Instruments (Tables)	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value, Assets Measured on Recurring Basis	June 30, 2024 December 31, 2023 Cash and Cash Equivalent Marketable Securities Cash and Cash Equivalent Marketable Securities (in thousands) Level 1 Cash and cash equivalents $ 177,555 $ — $ 285,518 $ — Level 2 Term deposits and notes 39,144 21,833 50,823 22,545 Total $ 216,698 $ 21,833 $ 336,341 $ 22,545
Schedule of Financial Assets	The following table presents for each reporting period, the breakdown of the fair value of marketable securities: June 30, 2024 December 31, 2023 (in thousands) Securities Held-to-maturity Term Deposits 21,833 22,545 Total $ 21,833 $ 22,545
Debt Securities, Available-for-Sale	The following table classifies our marketable debt securities by contractual maturities: Held-to-maturity June 30, 2024 (in thousands) Due in one year $ 16,480 Due in one to five years 5,353 Total $ 21,833

Trade Receivables (Tables)

Trade Receivables (Tables)	6 Months Ended
Trade Receivables (Tables)	Jun. 30, 2024
Receivables [Abstract]
Schedule of Breakdown in Trade Receivables	The following table shows the breakdown in trade receivables net book value for the presented periods: June 30, 2024 December 31, 2023 (in thousands) Trade accounts receivables $ 671,466 $ 818,937 (Less) Allowance for credit losses (38,717) (43,348) Net book value at end of period $ 632,749 $ 775,589

Other Current and Non-Current_2

Other Current and Non-Current Assets (Tables)	6 Months Ended
Other Current and Non-Current Assets (Tables)	Jun. 30, 2024
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: June 30, 2024 December 31, 2023 (in thousands) Prepayments to suppliers $ 7,107 $ 7,499 Other debtors 11,423 7,279 Prepaid expenses 30,491 32,858 Other current assets — 655 Net book value at end of period $ 49,021 $ 48,291

Other Current and Non-Current_3

Other Current and Non-Current Liabilities (Tables)	6 Months Ended
Other Current and Non-Current Liabilities (Tables)	Jun. 30, 2024
Other Liabilities Disclosure [Abstract]
Schedule of Other Current Liabilities	Other current liabilities are presented in the following table: June 30, 2024 December 31, 2023 (in thousands) Customer prepayments $ 7,893 $ 25,914 Rebates 24,671 23,315 Accounts payable relating to capital expenditures 5,146 3,346 Other creditors 2,685 2,319 Deferred revenue 2,698 10 Earn out liability – current 54,639 49,647 Total current liabilities $ 97,733 $ 104,552
Schedule of Other Noncurrent Liabilities	Other non-current liabilities are presented in the following table: June 30, 2024 December 31, 2023 (in thousands) Uncertain tax positions $ 18,109 $ 16,785 Other $ 1,651 $ 2,297 Total non-current liabilities $ 19,760 $ 19,082

Leases (Tables)

Leases (Tables)	6 Months Ended
Leases (Tables)	Jun. 30, 2024
Leases [Abstract]
Schedule of Components of Lease Expense	The components of lease expense are as follows: Three Months Ended June 30, 2024 June 30, 2023 Offices Data Centers Total Offices Data Centers Total (in thousands) Lease expense $ 3,598 $ 6,611 $ 10,209 $ 3,425 $ 5,624 $ 9,049 Short term lease expense 314 — 314 147 20 167 Variable lease expense 340 29 369 115 57 172 Sublease income (387) — (387) (186) — (186) Total operating lease expense $ 3,865 $ 6,640 $ 10,505 $ 3,501 $ 5,701 $ 9,202 Six Months Ended June 30, 2024 June 30, 2023 Offices Data Centers Total Offices Data Centers Total (in thousands) Lease expense $ 7,215 $ 12,856 $ 20,071 $ 7,129 $ 11,200 $ 18,329 Short term lease expense 627 — 627 289 29 318 Variable lease expense 671 57 728 204 61 265 Sublease income (809) — (809) (415) — (415) Total operating lease expense $ 7,704 $ 12,913 $ 20,617 $ 7,207 $ 11,290 $ 18,497

Employee Benefits (Tables)

Employee Benefits (Tables)	6 Months Ended
Employee Benefits (Tables)	Jun. 30, 2024
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, 2023 $ 3,708 Service cost 707 Interest cost 161 Curtailment (306) Actuarial losses (gains) (290) Currency translation adjustment 143 Projected benefit obligation present value at December 31, 2023 $ 4,123 Service cost 343 Interest cost 79 Actuarial losses (gains) (187) Currency translation adjustment (127) Projected benefit obligation present value at June 30, 2024 $ 4,231
Schedule of Assumptions Used for Actuarial Valuations	The main assumptions used for the purposes of the actuarial valuations are listed below: Six Months Ended Year Ended June 30, 2024 December 31, 2023 Discount rate (Corp AA) 4.1% 3.9% Expected rate of salary increase 7.0% 7.0% Expected rate of social charges 48.0% 48.0% Expected staff turnover Company age-based table Company age-based table Estimated retirement age 65 years old 65 years old Life table TH-TF 2000-2002 shifted TH-TF 2000-2002 shifted
Schedule of Defined Contribution Plan	Three Months Ended Six Months Ended June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 (in thousands) Defined contributions plans included in personnel expenses $ (6,064) $ (5,536) $ (10,290) $ (9,614)

Revenue (Tables)

Revenue (Tables)	6 Months Ended
Revenue (Tables)	Jun. 30, 2024
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue	The following table presents our disaggregated revenues by segment: Three Months Ended Retail Media Performance Media Total (in thousands) June 30, 2024 $ 54,777 $ 416,530 $ 471,307 June 30, 2023 $ 44,590 $ 424,344 $ 468,934 Six Months Ended Retail Media Performance Media Total (in thousands) June 30, 2024 $ 105,649 $ 815,713 $ 921,362 June 30, 2023 $ 82,611 $ 831,339 $ 913,950

Share-Based Compensation (Table

Share-Based Compensation (Tables)	6 Months Ended
Share-Based Compensation (Tables)	Jun. 30, 2024
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 : Six Months Ended June 30, 2024 June 30, 2023 (in thousands) Research and Development $ (23,653) $ (32,504) Sales and Operations (10,087) (9,092) General and Administrative (14,238) (10,745) Total equity awards compensation expense (1) $ (47,978) $ (52,341) Tax benefit from equity awards compensation expense 5,101 3,669 Total equity awards compensation expense, net of tax effect $ (42,877) $ (48,672) (1) The six months ended June 30, 2024 are presented net of $2.1 million capitalized stock-based compensation relating to internally developed software. During the six months ended June 30, 2024, the Company settled $13.1 million of equity instruments granted under share-based arrangements. The breakdown of the equity award compensation expense by instrument type was as follows: Six Months Ended June 30, 2024 June 30, 2023 (in thousands) Share options $ — $ (65) Lock-up shares (14,007) (21,422) Restricted stock units / Performance stock units (33,092) (29,931) Non-employee warrants (879) (923) Total equity awards compensation expense (1) $ (47,978) $ (52,341) Tax benefit from equity awards compensation expense 5,101 3,669 Total equity awards compensation expense, net of tax effect $ (42,877) $ (48,672) (1) Presented net of $2.1 million capitalized stock-based compensation relating to internally developed software.
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, 2023 319,238 Options granted — Options exercised (41,123) Options forfeited (5,690) Options canceled — Options expired (5,120) Outstanding as of June 30, 2024 267,305 Vested and exercisable as of June 30, 2024 267,305 € 19.93 4.39 € 16.14
Schedule of Nonvested Share Activity	Shares Weighted-Average Grant date Fair Value Per Share Outstanding as of December 31, 2023 1,953,761 — Granted — — Vested (375,000) — Forfeited — — Outstanding as of June 30, 2024 1,578,761 € 23.94
Schedule of Nonvested Restricted Stock Units Activity	Shares (RSU) Weighted-Average Grant date Fair Value Per Share Outstanding as of December 31, 2023 5,293,263 — Granted 392,804 — Vested (1,342,769) — Forfeited (179,822) — Outstanding as of June 30, 2024 4,163,476 € 27.6
Share-Based Payment Arrangement, Performance Shares, Activity	Shares (PSU) Weighted-Average Grant date Fair Value Per Share Outstanding as of December 31, 2023 660,395 — Granted 536,452 — Performance share adjustment 64,152 Vested (164,764) — Forfeited — — Outstanding as of June 30, 2024 1,096,235 € 29.90
Share Based Compensation Performance Shares Award Total Shareholder Return Unvested Activity	The grant-date fair value was determined based on a Monte-Carlo valuation model using the following key assumptions: Expected volatility of the Company 42.73 % Expected volatility of the benchmark 71.18 % Risk-free rate 4.27 % Expected dividend yield — % The number of shares granted, vested and outstanding subject to market conditions is as follows: Shares (TSR) Weighted-Average Grant date Fair Value Per Share Outstanding as of December 31, 2023 — — Granted 268,226 — Vested — — Forfeited — — Outstanding as of June 30, 2024 268,226 € 47.42
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, 2023 244,457 Granted — Exercised — Canceled — Expired — Outstanding as of June 30, 2024 244,457 € 17.65 3.98 € 18.37 Vested and exercisable - June 30, 2024 244,457

Financial and Other Income an_2

Financial and Other Income and Expenses (Tables)	6 Months Ended
Financial and Other Income and Expenses (Tables)	Jun. 30, 2024
Other Income and Expenses [Abstract]
Schedule of Financial Income (Expense)	The condensed consolidated statements of income line item “Financial and Other income” can be broken down as follows: Three Months Ended Six Months Ended June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 (in thousands) Financial income from cash equivalents $ 1,640 $ 1,072 $ 3,829 $ 2,135 Interest and fees (409) (577) (832) (1,063) Foreign exchange gains (losses) (1,437) (1,003) (559) (2,952) Discounting impact 12 (1,419) (1,766) (2,099) Other financial income (90) 75 225 8,954 Total Financial and Other Income (Expense) $ (284) $ (1,852) $ 897 $ 4,975

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
Income Taxes (Tables)	Jun. 30, 2024
Income Tax Disclosure [Abstract]
Schedule of Provision for Income Taxes	The following table presents provision for income taxes: Six Months Ended June 30, 2024 June 30, 2023 (in thousands) Provision for income tax (expense) benefit $ (11,564) $ 3,517

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
Earnings Per Share (Tables)	Jun. 30, 2024
Earnings Per Share [Abstract]
Schedule of Basic Earnings Per Share	Three Months Ended Six Months Ended June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 Net income (loss) attributable to shareholders of Criteo S.A. $ 26,987 $ (2,876) $ 34,231 $ (14,685) Weighted average number of shares outstanding 54,684,560 55,924,824 54,915,140 56,094,887 Basic earnings (loss) per share $ 0.49 $ (0.05) $ 0.62 $ (0.26)
Schedule of Diluted Earnings Per Share	Three Months Ended Six Months Ended June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 Net income (loss) attributable to shareholders of Criteo S.A. $ 26,987 $ (2,876) $ 34,231 $ (14,685) Basic shares : Weighted average number of shares outstanding of Criteo S.A. 54,684,560 55,924,824 54,915,140 56,094,887 Dilutive effect of : Restricted share awards ("RSUs") 2,766,726 — 2,880,402 — Lock-up shares ('LUSs") 1,333,396 — 1,187,404 — Share options and BSPCE 118,366 — 107,565 — Share warrants 71,138 — 61,072 — Diluted shares : Weighted average number of shares outstanding used to determine diluted earnings per share 58,974,186 55,924,824 59,151,582 56,094,887 Diluted earnings (loss) per share $ 0.46 $ (0.05) $ 0.58 $ (0.26)
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	The weighted average number of securities that were anti-dilutive for diluted EPS for the periods presented but which could potentially dilute EPS in the future are as follows: Six Months Ended June 30, 2024 June 30, 2023 Restricted share awards 454,891 248,911 Share options and BSPCE — — Weighted average number of anti-dilutive securities excluded from diluted earnings per share 454,891 248,911

Breakdown of Revenue and Non-_2

Breakdown of Revenue and Non-Current Assets by Geographical Areas (Tables)	6 Months Ended
	Jun. 30, 2024
Segment Reporting [Abstract]
Schedule of Consolidated Revenue by Geographical Area	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. Three Months Ended Americas EMEA Asia-Pacific Total (in thousands) June 30, 2024 $ 212,374 $ 168,496 $ 90,437 $ 471,307 June 30, 2023 $ 208,465 $ 163,968 $ 96,501 $ 468,934 Six Months Ended Americas EMEA Asia-Pacific Total (in thousands) June 30, 2024 $ 410,739 $ 331,338 $ 179,285 $ 921,362 June 30, 2023 $ 396,753 $ 324,182 $ 193,015 $ 913,950
Schedule of Revenue Generated in Other Significant Countries	Revenue generated in other significant countries where we operate is presented in the followin g table: Three Months Ended Six Months Ended June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 (in thousands) Americas United States $ 190,725 $ 188,257 $ 368,002 $ 357,848 EMEA Germany $ 48,876 $ 48,418 $ 98,753 $ 94,200 France $ 22,476 $ 24,409 $ 43,949 $ 47,707 Asia-Pacific Japan $ 48,853 $ 53,862 $ 101,997 $ 113,554
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) June 30, 2024 $ 82,315 $ 193,079 $ 13,235 $ 288,630 December 31, 2023 $ 89,355 $ 202,969 $ 15,058 $ 307,382

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Additional Information (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024 USD ($) segment	Jun. 30, 2023 segment	Jun. 30, 2024 USD ($) segment
Goodwill [Line Items]
Number of reportable segments \| segment	2	3	2
Goodwill balance, beginning of the period			$ 524,197
Acquisitions			0
Disposals			0
Currency translation adjustment			(4,273)
Impairments			0
Goodwill balance, end of the period	$ 519,924		519,924
Retail Media
Goodwill [Line Items]
Goodwill balance, beginning of the period			149,680
Acquisitions			0
Disposals			0
Currency translation adjustment			(1,044)
Impairments			0
Goodwill balance, end of the period	148,636		148,636
Performance Media
Goodwill [Line Items]
Goodwill balance, beginning of the period			374,517
Acquisitions			0
Disposals			0
Currency translation adjustment			(3,229)
Impairments			0
Goodwill balance, end of the period	$ 371,288		$ 371,288

Segment information - Narrative

Segment information - Narrative (Details) - segment	3 Months Ended		6 Months Ended
Segment information - Narrative (Details) - segment	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024
Segment Reporting [Abstract]
Number of reportable segments	2	3	2
Number of operating segments			2

Segment information - Schedule

Segment information - Schedule of Segment Reporting Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Segment Reporting Information [Line Items]
Revenue	$ 471,307	$ 468,934	$ 921,362	$ 913,950
Contribution ex-TAC	267,093	240,217	520,981	460,835
Other costs of sales	(34,248)	(40,435)	(70,913)	(79,544)
Gross profit	232,845	199,782	450,068	381,291
Operating expenses
Research and development expenses	(59,639)	(67,775)	(126,497)	(131,365)
Sales and operations expenses	(95,069)	(112,511)	(187,911)	(213,753)
General and administrative expenses	(41,199)	(18,537)	(88,368)	(58,707)
Total operating expenses	(195,907)	(198,823)	(402,776)	(403,825)
Income (loss) from operations	36,938	959	47,292	(22,534)
Financial and Other Income (Expense)	(284)	(1,852)	897	4,975
Income (loss) before taxes	36,654	(893)	48,189	(17,559)
Retail Media
Segment Reporting Information [Line Items]
Revenue	54,777	44,590	105,649	82,611
Contribution ex-TAC	53,866	43,518	104,035	80,870
Performance Media
Segment Reporting Information [Line Items]
Revenue	416,530	424,344	815,713	831,339
Contribution ex-TAC	$ 213,227	$ 196,699	$ 416,946	$ 379,965

Cash, Cash Equivalents, Marketa

Cash, Cash Equivalents, Marketable Securities and Restricted Cash - Fair Value Measurements (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalent	$ 216,698	$ 336,341
Marketable Securities	21,833	22,545
Level 2
Cash and Cash Equivalent	216,698	336,341
Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalent	177,555	285,518
Level 2
Cash and Cash Equivalent	177,555	285,518
Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalent	39,144	50,823
Level 2
Cash and Cash Equivalent	$ 39,144	$ 50,823

Financial Instruments - Schedul

Financial Instruments - Schedule of Breakdown of Marketable Securities (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total	$ 21,833	$ 22,545
Term Deposits
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities Held-to-maturity	$ 21,833	$ 22,545

Financial Instruments - Sched_2

Financial Instruments - Schedule of Marketable Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Schedule of Held-to-maturity Securities [Line Items]
Due in one year	$ 16,480	$ 5,970
Due in one to five years	5,353	16,575
Term Deposits
Schedule of Held-to-maturity Securities [Line Items]
Due in one year	16,480
Due in one to five years	5,353
Held-to-maturity	$ 21,833	$ 22,545

Financial Instruments - Narrati

Financial Instruments - Narrative (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Restricted cash	$ 75,000	$ 75,000

Trade Receivables - Schedule of

Trade Receivables - Schedule of Breakdown in Trade Receivables (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Receivables [Abstract]
Accounts Receivable, before Allowance for Credit Loss, Current	$ 671,466	$ 818,937
Accounts Receivable, Allowance for Credit Loss, Current	(38,717)	(43,348)
Accounts Receivable, after Allowance for Credit Loss, Current, Total	$ 632,749	$ 775,589

Other Current and Non-Current_4

Other Current and Non-Current Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepayments to suppliers	$ 7,107	$ 7,499
Other debtors	11,423	7,279
Prepaid expenses	30,491	32,858
Other current assets	0	655
Net book value at end of period	$ 49,021	$ 48,291

Other Current and Non-Current_5

Other Current and Non-Current Assets - Additional Information (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Other Non-current Assets [Line Items]
Other non-current assets	$ 59,699	$ 60,742
Iponweb
Other Non-current Assets [Line Items]
Indemnification asset	$ 49,100

Other Current and Non-Current_6

Other Current and Non-Current Liabilities - Schedule of Other Current Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Other Liabilities Disclosure [Abstract]
Customer prepayments	$ 7,893	$ 25,914
Rebates	24,671	23,315
Accounts payable relating to capital expenditures	5,146	3,346
Other creditors	2,685	2,319
Deferred revenue	2,698	10
Earn out liability – current	54,639	49,647
Total current liabilities	$ 97,733	$ 104,552

Other Current and Non-Current_7

Other Current and Non-Current Liabilities - Schedule of Other Noncurrent Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Other Liabilities Disclosure [Abstract]
Uncertain tax positions	$ 18,109	$ 16,785
Other non-current liabilities	1,651	2,297
Other non-current liabilities	$ 19,760	$ 19,082

Leases - Schedule of Components

Leases - Schedule of Components of Lease Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Lessee, Lease, Description [Line Items]
Lease expense	$ 10,209	$ 9,049	$ 20,071	$ 18,329
Short term lease expense	314	167	627	318
Variable lease expense	369	172	728	265
Sublease income	(387)	(186)	(809)	(415)
Total operating lease expense	10,505	9,202	20,617	18,497
Offices
Lessee, Lease, Description [Line Items]
Lease expense	3,598	3,425	7,215	7,129
Short term lease expense	314	147	627	289
Variable lease expense	340	115	671	204
Sublease income	(387)	(186)	(809)	(415)
Total operating lease expense	3,865	3,501	7,704	7,207
Data Centers
Lessee, Lease, Description [Line Items]
Lease expense	6,611	5,624	12,856	11,200
Short term lease expense	0	20	0	29
Variable lease expense	29	57	57	61
Sublease income	0	0	0	0
Total operating lease expense	$ 6,640	$ 5,701	$ 12,913	$ 11,290

Employee Benefits - Schedule of

Employee Benefits - Schedule of Accumulated and Projected Benefit Obligations (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Projected benefit obligation present value at beginning of period		$ 3,708
Service cost	$ 343	707
Interest cost	79	161
Curtailment		(306)
Actuarial losses (gains)	(187)	(290)
Currency translation adjustment	$ (127)	143
Interest cost, location not disclosed	Interest cost
Curtailment, location not disclosed	Operating Expenses
Defined benefit plans	$ 4,231	$ 4,123

Employee Benefits - Schedule _2

Employee Benefits - Schedule of Assumptions Used for Actuarial Valuations (Details)	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Retirement Benefits [Abstract]
Discount rate (Corp AA)	4.10%	3.90%
Expected rate of salary increase	7%	7%
Expected rate of social charges	48%	48%

Employee Benefits - Schedule _3

Employee Benefits - Schedule of Defined Contribution Plans (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Retirement Benefits [Abstract]
Defined contributions plans included in personnel expenses	$ (6,064)	$ (5,536)	$ (10,290)	$ (9,614)

Revenue (Details)

Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Revenue (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Disaggregation of Revenue [Line Items]
Total Revenue	$ 471,307	$ 468,934	$ 921,362	$ 913,950
Retail Media
Disaggregation of Revenue [Line Items]
Total Revenue	54,777	44,590	105,649	82,611
Performance Media
Disaggregation of Revenue [Line Items]
Total Revenue	$ 416,530	$ 424,344	$ 815,713	$ 831,339

Share-Based Compensation - Equi

Share-Based Compensation - Equity Awards Compensation Expense (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based compensation expense	$ (47,978)	$ (52,341)
Tax benefit from equity awards compensation expense	5,101	3,669
Total equity awards compensation expense, net of tax effect	(42,877)	(48,672)
Capitalized stock-based compensation relating to internally developed software	2,100
Share options
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based compensation expense	0	(65)
Lock-up shares
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based compensation expense	(14,007)	(21,422)
Restricted stock units / Performance stock units
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based compensation expense	(33,092)	(29,931)
Non-employee warrants
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based compensation expense	(879)	(923)
Research and Development
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based compensation expense	(23,653)	(32,504)
Sales and Operations
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based compensation expense	(10,087)	(9,092)
General and Administrative
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based compensation expense	$ (14,238)	$ (10,745)

Share-Based Compensation - Narr

Share-Based Compensation - Narrative (Details) € / shares in Units, $ in Thousands, € in Millions			3 Months Ended	6 Months Ended
	Mar. 01, 2024 tranche	Aug. 01, 2022 day shares	Jun. 30, 2024 USD ($)	Jun. 30, 2024 USD ($) shares	Jun. 30, 2024 EUR (€) € / shares shares	Jun. 30, 2023 USD ($)	Jun. 30, 2024 EUR (€)
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Cash used to settle share-based payment award			$ 13,100
Granted, options (in shares) \| shares				0	0
Number of trading days \| day		20
Share-based compensation expense				$ 47,978		$ 52,341
Warrants term			4 years	4 years			4 years
Granted (in shares) \| shares				0	0
Iponweb
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Lock-up period		3 years
Share options
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Award vesting period				4 years	4 years
Expiration period				10 years	10 years
Unrecognized stock-based compensation, stock options \| €							€ 0
Share-based compensation expense				$ 0		65
Lock-up shares
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Award vesting period		3 years
Granted, options (in shares) \| shares		2,960,243
Share-based compensation expense due to vesting in period			$ 5,100
Unrecognized stock-based compensation, nonvested awards			6,800	$ 6,800
Granted (in shares) \| shares				0	0
Share-based compensation expense				$ 14,007		$ 21,422
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			56,400	$ 56,400
Weighted average grant date fair value (in EUR per share) \| € / shares					€ 30
Stock-based compensation, recognition period				2 years 10 months 24 days	2 years 10 months 24 days
Granted (in shares) \| shares				392,804	392,804
Performance Stock Units (PSUs)
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Award vesting period		3 years
Unrecognized stock-based compensation, nonvested awards			$ 21,800	$ 21,800
Weighted average grant date fair value (in EUR per share) \| € / shares					€ 29.88
Stock-based compensation, recognition period				3 years 4 months 24 days	3 years 4 months 24 days
Granted (in shares) \| shares				536,452	536,452
Minimum percentage increase to target shares			0
Maximum percentage increase to target shares			2
Number of shares granted (in shares) \| shares				1,072,906	1,072,906
Total share-based payment expense \| €					€ 17.4
Total Shareholder Return (TSR)
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Unrecognized stock-based compensation, nonvested awards			$ 11,800	$ 11,800
Granted (in shares) \| shares				268,226	268,226
Number of tranches \| tranche	2
Minimum percentage increase to target shares			0
Maximum percentage increase to target shares			2
Number of shares granted (in shares) \| shares				536,452	536,452
Total share-based payment expense				$ 13,700
Share-based compensation expense				$ 1,900
Total Shareholder Return (TSR) \| Tranche 1
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Award vesting period	2 years
Total Shareholder Return (TSR) \| Tranche 2
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Award vesting period	3 years

Share-Based Compensation - Opti

Share-Based Compensation - Options Activity (Details)	6 Months Ended
Share-Based Compensation - Options Activity (Details)	Jun. 30, 2024 € / shares shares
Number of Shares Underlying Outstanding Options
Beginning balance, options (in shares)	319,238
Granted, options (in shares)	0
Exercised, options (in shares)	(41,123)
Forfeited, options (in shares)	(5,690)
Canceled, options (in shares)	0
Expired, options (in shares)	(5,120)
Ending balance, options (in shares)	267,305
Vested and exercisable, options (in shares)	267,305
Weighted-average exercise price, options outstanding (in Euro per share) \| € / shares
Weighted-average remaining contractual term, options outstanding
Aggregate intrinsic value, options outstanding \| € / shares
Weighted-average exercise price, vested and exercisable options (in Euro per share) \| € / shares	€ 19.93
Weighted-average remaining contractual term, vested and exercisable options	4 years 4 months 20 days
Aggregate intrinsic value, vested and exercisable options \| € / shares	€ 16.14

Share-Based Compensation - Lock

Share-Based Compensation - Lock Up Shares Activity (Details) - Lock-up shares	6 Months Ended
	Jun. 30, 2024 $ / shares shares
Shares
Beginning balance (in shares)	1,953,761
Granted (in shares)	0
Vested (in shares)	(375,000)
Forfeited (in shares)	0
Ending balance (in shares)	1,578,761
Outstanding (in Euro per share) \| $ / shares	$ 23.94

Share-Based Compensation - RSU

Share-Based Compensation - RSU and PSU Activity (Details)	6 Months Ended
Share-Based Compensation - RSU and PSU Activity (Details)	Jun. 30, 2024 € / shares shares
Restricted Stock Units (RSUs)
Shares
Beginning balance (in shares)	5,293,263
Granted (in shares)	392,804
Vested (in shares)	(1,342,769)
Forfeited (in shares)	(179,822)
Ending balance (in shares)	4,163,476
Outstanding (in Euro per share) \| € / shares	€ 27.6
Performance Stock Units (PSUs)
Shares
Beginning balance (in shares)	660,395
Granted (in shares)	536,452
Performance share adjustment (in shares)	64,152
Vested (in shares)	(164,764)
Forfeited (in shares)	0
Ending balance (in shares)	1,096,235
Outstanding (in Euro per share) \| € / shares	€ 29.90

Share-Based Compensation - Perf

Share-Based Compensation - Performance Stock Units Total Shareholder Return Activity (Details) - Total Shareholder Return (TSR)	3 Months Ended	6 Months Ended
	Jun. 30, 2024 € / shares shares	Jun. 30, 2024 € / shares shares
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Expected volatility of the Company	0.4273
Expected volatility of the benchmark	0.7118
Risk-free rate	4.27%
Expected dividend yield	0%
Shares
Beginning balance (in shares)		0
Granted (in shares)		268,226
Vested (in shares)		0
Forfeited (in shares)		0
Ending balance (in shares)	268,226	268,226
Outstanding (in Euro per share) \| € / shares	€ 47.42	€ 47.42

Share-Based Compensation - Warr

Share-Based Compensation - Warrants (Details)	6 Months Ended
Share-Based Compensation - Warrants (Details)	Jun. 30, 2024 € / shares shares
Shares
Beginning balance (in shares)	244,457
Granted (in shares)	0
Exercised (in shares)	0
Canceled (in shares)	0
Expired (in shares)	0
Ending balance (in shares)	244,457
Vested and exercisable (in shares)	244,457
Weighted-average exercise price (in Euro per share) \| € / shares	€ 17.65
Weighted-average remaining contractual term outstanding	3 years 11 months 23 days
Aggregate intrinsic value \| € / shares	€ 18.37

Financial and Other Income an_3

Financial and Other Income and Expenses - Schedule of Financial Income (Expense) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Other Income and Expenses [Abstract]
Financial income from cash equivalents	$ 1,640	$ 1,072	$ 3,829	$ 2,135
Interest and fees	(409)	(577)	(832)	(1,063)
Foreign exchange gains (losses)	(1,437)	(1,003)	(559)	(2,952)
Discounting impact	12	(1,419)	(1,766)	(2,099)
Other financial income	(90)	75	225	8,954
Total Financial and Other Income (Expense)	$ (284)	$ (1,852)	$ 897	$ 4,975

Financial and Other Income an_4

Financial and Other Income and Expenses - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Other Income and Expenses [Abstract]
Financial and Other income	$ (284)	$ (1,852)	$ 897	$ 4,975

Income Taxes - Schedule of Prov

Income Taxes - Schedule of Provision for Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Provision for income tax (expense) benefit	$ (8,595)	$ (1,078)	$ (11,564)	$ 3,517

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Income Taxes - Narrative (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Provision for income tax (expense) benefit	$ (8,595)	$ (1,078)	$ (11,564)	$ 3,517

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of Basic Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Earnings Per Share [Abstract]
Net income (loss) attributable to shareholders of Criteo S.A.	$ 26,987	$ (2,876)	$ 34,231	$ (14,685)
Weighted average number of shares outstanding of Criteo S.A.	54,684,560	55,924,824	54,915,140	56,094,887
Basic earnings (loss) per share (in dollars per share)	$ 0.49	$ (0.05)	$ 0.62	$ (0.26)

Earnings Per Share - Schedule_2

Earnings Per Share - Schedule of Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Earnings Per Share [Abstract]
Net income (loss) attributable to shareholders of Criteo S.A.	$ 26,987	$ (2,876)	$ 34,231	$ (14,685)
Basic shares :
Weighted average number of shares outstanding of Criteo S.A.	54,684,560	55,924,824	54,915,140	56,094,887
Dilutive effect of :
Restricted share awards ("RSUs") (in shares)	2,766,726	0	2,880,402	0
Lock-up shares ("LUSs") (in shares)	1,333,396	0	1,187,404	0
Share options and BSPCE (in shares)	118,366	0	107,565	0
Share warrants (in shares)	71,138	0	61,072	0
Diluted shares :
Weighted average number of shares outstanding used to determine diluted earnings per share	58,974,186	55,924,824	59,151,582	56,094,887
Diluted earnings (loss) per share	$ 0.46	$ (0.05)	$ 0.58	$ (0.26)

Earnings Per Share - Anti-Dilut

Earnings Per Share - Anti-Dilutive Securities (Details) - shares	3 Months Ended	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted average number of anti-dilutive securities excluded from diluted earnings per share (in shares)	248,911	454,891
Restricted stock awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted average number of anti-dilutive securities excluded from diluted earnings per share (in shares)		454,891	248,911
Share options and BSPCE
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted average number of anti-dilutive securities excluded from diluted earnings per share (in shares)		0	0

Commitments and contingencies -

Commitments and contingencies - Narrative (Details) € in Millions, $ in Millions	Jun. 30, 2024 USD ($)	Jun. 21, 2023 EUR (€)	Jun. 21, 2023 USD ($)	Aug. 03, 2022 EUR (€)	Aug. 03, 2022 USD ($)
Loss Contingencies [Line Items]
Loss contingency, estimate of possible loss		€ 40	$ 42.8	€ 60	$ 64.2
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)	Jun. 30, 2024 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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Revenues from External Customers and Long-Lived Assets [Line Items]
Total Revenue	$ 471,307	$ 468,934	$ 921,362	$ 913,950
Americas
Revenues from External Customers and Long-Lived Assets [Line Items]
Total Revenue	212,374	208,465	410,739	396,753
EMEA
Revenues from External Customers and Long-Lived Assets [Line Items]
Total Revenue	168,496	163,968	331,338	324,182
Asia-Pacific
Revenues from External Customers and Long-Lived Assets [Line Items]
Total Revenue	$ 90,437	$ 96,501	$ 179,285	$ 193,015

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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 471,307	$ 468,934	$ 921,362	$ 913,950
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	190,725	188,257	368,002	357,848
Germany
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	48,876	48,418	98,753	94,200
France
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	22,476	24,409	43,949	47,707
Japan
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 48,853	$ 53,862	$ 101,997	$ 113,554

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	Jun. 30, 2024	Dec. 31, 2023
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	$ 288,630	$ 307,382
Americas
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	82,315	89,355
EMEA
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	193,079	202,969
Asia-Pacific
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	$ 13,235	$ 15,058