Criteo's Q2 Contribution ex-TAC Outlook Of $261M - $265M $259.2M Estimate

Author: Benzinga Newsdesk | May 02, 2024 07:19am

2024 Business Outlook

The following forward-looking statements reflect Criteo's expectations as of May 2, 2024.

Fiscal year 2024 guidance:

• We now expect Contribution ex-TAC to grow high-single-digit at constant currency, compared to our previous guidance of mid-single-digit growth at constant currency.
• We now expect an Adjusted EBITDA margin of approximately 31% of Contribution ex-TAC, compared to our previous guidance of 29% to 30% of Contribution ex-TAC.

Second quarter 2024 guidance:

• We expect Contribution ex-TAC between $261 million and $265 million, or year-over-year growth at constant-currency of +10% to +12%.
• We expect Adjusted EBITDA between $70 million and $74 million.

The guidance for the second quarter and fiscal year ending December 31, 2024 assumes the following exchange rates for the main currencies impacting our business: a U.S. dollar-euro rate of 0.915, a U.S. dollar-Japanese Yen rate of 149, a U.S. dollar-British pound rate of 0.785, a U.S. dollar-Korean Won rate of 1,342 and a U.S. dollar-Brazilian real rate of 4.95.

The guidance assumes that no additional acquisitions are completed during the second quarter of 2024 or the fiscal year ended December 31, 2024.

Posted In: CRTO