Criteo expects 2026 contribution ex-TAC to fall 10%-12% at constant currency

By Public Technologies
  • Criteo expects 2026 contribution ex-TAC to decline 10%-12% at constant currency.
  • The outlook includes a $75 million Retail Media headwind tied to scope reductions at two clients.
  • Underlying Retail Media contribution ex-TAC growth is forecast in the low teens, versus 16% in 2025.
  • Adjusted EBITDA margin is expected near 30%, reflecting agentic AI investments and financial discipline.
  • Operating cash flow conversion should reach approximately 85% of adjusted EBITDA; free cash flow conversion should approximate 35%, excluding nonrecurring items.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Criteo SA published the original content used to generate this news brief on November 11, 2026, and is solely responsible for the information contained therein.

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