Criteo sees FY26 Adjusted EBITDA margin 32%-34% of Contribution ex-TAC

Sees FY26 Contribution ex-TAC growth of flat to +2% at constant currency. The Company’s Q1 and FY26 guidance reflects the near-term impact of previously communicated scope changes with two specific Retail Media clients. The Q1 of 2026 is expected to represent the low point of the year. The Company’s adjusted EBITDA outlook reflects growth investments in agentic AI, foreign exchange headwinds on euro-based costs, and costs related to certain corporate matters. The above guidance assumes the following exchange rates for the main currencies impacting our business: a U.S. dollar-euro rate of 0.847, a U.S. dollar-Japanese Yen rate of 154, a U.S. dollar-British pound rate of 0.737, a U.S. dollar-Korean Won rate of 1,450 and a U.S. dollar-Brazilian real rate of 5.40. The above guidance assumes no acquisitions and dispositions.