Criteo achieved double-digit organic growth for the third consecutive quarter, with Q2 revenue of $471 million and a 14% growth in Contribution ex-TAC, showing an upward trajectory in financial performance.
Adjusted EBITDA in Q2 increased by 67% year-over-year to $93 million, leading to a raised full-year 2024 guidance of 10-12% Contribution ex-TAC growth and a 32% adjusted EBITDA margin.
The partnership with Microsoft is expected to boost demand and supply on Criteo's platform, while the impact of Google's cookies policy changes is foreseen to be less severe than initially anticipated, setting a positive trajectory for the company's future.
Criteo's new solutions dominated over half of Q2, and a 24% growth in the Retail Media segment showcases positive momentum and potential for sustained growth in various business segments.
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