Criteo Expects FY24 Mid-Single-Digit Growth in Contribution Ex-TAC at Constant Currency, Q1 Contribution Ex-TAC of $243M-$247M Vs $231.74M Est

Author: Benzinga Newsdesk | February 07, 2024 08:06am

2024 Business Outlook

The following forward-looking statements reflect Criteo's expectations as of February 7, 2024.

Fiscal year 2024 guidance:

• Mid-single-digit growth in Contribution ex-TAC at constant currency
• Adjusted EBITDA margin of approximately 29% to 30% of Contribution ex-TAC

First quarter 2024 guidance:

• Contribution ex-TAC between $243 million and $247 million, or year-over-year growth at constant-currency of +10% to +12%
• Adjusted EBITDA between $50 million and $54 million

The above guidance for the first 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 0.909, a U.S. dollar-Japanese Yen rate of 145, a U.S. dollar-British pound rate of 0.791, a U.S. dollar-Korean Won rate of 1,300 and a U.S. dollar-Brazilian real rate of 4.95.

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

Posted In: CRTO