Criteo Management Attributes Q3 2026 Contribution ex-TAC Decline to Lower Enterprise Spending, Retail Media Scope Reductions

• Criteo management commentary attributed a 15% constant-currency decline in third-quarter 2026 contribution ex-TAC to reduced enterprise spending and Retail Media scope reductions.
• Contribution ex-TAC totaled $240 million, including a $20 million impact from two Retail Media clients' scope changes.
• Performance Media contribution ex-TAC fell 13% at constant currency; spending by several large enterprise clients stabilized sequentially but remained lower year-over-year.
• Retail Media contribution ex-TAC declined 23% at constant currency; excluding scope reductions, underlying growth reached 10%, supported by demand and new formats.
• Adjusted EBITDA exceeded management's outlook at $65 million, primarily reflecting lower hiring and a partial reversal of accrued employee bonuses.

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