XML 14 R4.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]        
Revenue $ 470,345 $ 522,606 $ 1,411,335 $ 1,608,876
Cost of revenue:        
Traffic acquisition costs (284,401) (301,901) (839,463) (928,559)
Other cost of revenue (34,608) (31,101) (102,328) (86,205)
Gross profit 151,336 189,604 469,544 594,112
Operating expenses:        
Research and development expenses (30,954) (41,414) (99,716) (132,006)
Sales and operations expenses (83,659) (85,985) (244,414) (277,397)
General and administrative expenses (28,672) (32,835) (83,772) (102,372)
Total operating expenses (143,285) (160,234) (427,902) (511,775)
Income from operations 8,051 29,370 41,642 82,337
Financial expense (491) (900) (1,828) (4,228)
Income before taxes 7,560 28,470 39,814 78,109
Provision for income taxes (2,267) (7,913) (11,943) (23,614)
Net income 5,293 20,557 27,871 54,495
Net income available to shareholders of Criteo S.A. 5,227 18,778 26,402 48,721
Net income available to non-controlling interests $ 66 $ 1,779 $ 1,469 $ 5,774
Net income allocated to shareholders of Criteo S.A. per share:        
Basic (in USD per share) $ 0.09 $ 0.29 $ 0.43 $ 0.75
Diluted (in USD per share) $ 0.09 $ 0.28 $ 0.43 $ 0.74
Weighted average shares outstanding used in computing per share amounts:        
Basic (in shares) 60,080,598 64,868,545 61,059,345 64,600,869
Diluted (in shares) 61,027,795 66,067,045 61,644,827 65,916,219