Criteo S.A.
CRTOHIGH VELOCITYPRESSURE LEANCriteo S.A. reads as High Velocity (composite 70/100); pressure / disclosure signals dominate the posture this cycle · primary market Marketing & Data.
Lens
Disclosed M&A capital (2023–2025)
$8M
vs $180M in 2020–2022
Disclosed transactions
1
2/3 active fiscal years in window
Buyer archetype
Consistent Strategic Buyer
Meaningful spend appears across repeat years.
Composite score
70
High Velocity dominates · Pressure Lean
Behavioral posture, nine reads.
Each index scores the issuer 0–100 against an EDGAR-anchored definition. Scores ≥ threshold elevate the issuer into the index's constituent set; the dominant index drives the masthead label.
Active Acquirer
Companies actively deploying disclosed capital into M&A
- $897M disclosed buyer spend
Buyer Cadence
Buyer-side companies with recent filing activity
- Filed within 33d
- 106 8-Ks
Target Probability
Issuers showing target-side patterns from filings
- Control-process language
- 10 activism filings
Spin/Carve
Issuers showing spin-off, carve-out, or sum-of-parts posture
- 10 activism filings
Pressure Watch
Issuers facing activism, governance, or control pressure
- 10 activism filings
- Latest activism 1.7y ago
- Control-process filings
Distress Watch
Issuers showing financial-distress filing patterns
- 10 activism filings
Restatement Risk
Issuers with accounting-integrity flags from filings
Capital Velocity
DominantIssuers with the highest filing-activity intensity
- 106 8-Ks
- 5 form types
Quiet Power
Large issuers with low signal volume and clean disclosure cadence
- Enterprise value $642M
- 10-Q 35d ago
- 4 active signals
Capital cadence.
Ten-year disclosed M&A activity. Bars show spend ($MM); ticks show recorded transaction count. Disclosure tier annotated where v6 audited corpus carries an entry.
Disclosed spend $MM Disclosed transactions (right axis)Peak spend year: $313M · Peak count: 2
| FY | Disclosed buys | Disclosed spend | Avg ticket | Audited tier |
|---|---|---|---|---|
| 2025 | N/A | N/A | N/A | N/A |
| 2024 | N/A | $500K | N/A | N/A |
| 2023 | 1 | $7M | $7M | N/A |
| 2022 | 1 | $180M | $180M | N/A |
| 2021 | 1 | N/A | N/A | N/A |
| 2020 | N/A | N/A | N/A | N/A |
Strategy posture.
The buyer's playbook in terms of strategic archetype: what each disclosed move says about how they're deploying capital.
Archetype mix
- Technology Acquisition20%
- Bolt On20%
- Geographic Expansion20%
- Platform20%
- Talent Acquisition20%
Strategy keywords
Terms recurring across recent 10-K acquisition disclosures.
- technology_acquisition
- bolt_on
- geographic_expansion
- platform
- talent_acquisition
Filing language.
Direct excerpts from acquisition disclosures and strategy sections: the verbs the buyer chose, in the filings they signed.
“We selectively evaluate technologies and businesses that we believe have potential to enhance, complement or expand our strategic capabilities, including our technology, our solutions, go-to-market, or R&D team.”
“This strategic acquisition is expected to accelerate our Commerce Media Platform vision by adding scale, complementary products, and stronger first-party data capabilities”
“rapidly consolidating. We face significant competition in this market, which we expect to intensify in the future, partially as a”
“In December 2021, we executed a purchase agreement to acquire the business of IPONWEB Holding Limited ... for $380 million”
“In May 2021, we acquired Doobe In Site Ltd. ("Mabaya"), a leading retail media technology company”
Market context.
Where this issuer sits inside its SE-Cluster rollup wedge, with disclosed-spend rank plus trading comparables against the public peer set.
Primary market
Marketing & Data
- Market spend (2023–2025)
- $51.4B
- Market spend (2020–2022)
- $63.5B
- Recent vs prior
- −19%
- Issuer rank in market
- N/A
- Share of market capital
- 0.0%
Valuation positioning
CRTO trades at a -20.3-turn discount to the Marketing & Data peer median of 22.4×.
- EV / Revenue
- 0.3×
- Net debt / EBITDA
- -1.0×
- Peer median EV / EBITDA
- 22.4×
Trading comparables
FMP market data · 2026-05-10
| Company | EV / EBITDA | EV / Rev | Net debt / EBITDA | Revenue | M&A 2023–2025 |
|---|---|---|---|---|---|
Alphabet Inc.GOOG | 22.4× | 11.6× | -0.2× | $422.6B | $3.2B |
Criteo S.A.CRTO | 2.1× | 0.3× | -1.0× | $1.9B | $8M |
Trading multiples from FMP market data; disclosed M&A spend from the SE-Cluster EDGAR 10-K corpus. Peer set = top disclosed buyers in Marketing & Data. Bars scaled to the highest EV/EBITDA in the set.
Buyer landscape.
Public buyers whose stated archetypes, target categories, and recent cadence align with this issuer as a plausible acquisition target. Scores cross EDGAR signal and disclosure overlap.
Likely buyers
No public buyers surface as a strong target-side fit on current signal.
Likely sellers / divestiture partners
No reciprocal divestiture / strategic-alternatives matches identified.
Filing activity & signal stream.
Filing cadence and event-driven signals visible on EDGAR. The signal stream below is curated from restatement / spin-carve / activism categories, providing context for any near-term call.
Filing cadence
- 10-K (annual)152026-04-28
- 10-Q (quarterly)322026-05-06
- 8-K (event)1062026-05-06
- Proxy / DEF 14A542026-05-08
- Activism (13D / DFAN / PREC)102024-09-24
Signals on file
- elevated
Activism on file
2024-09-2410 activist filings on file (13D, DFAN14A, PREC14A series).
- info
Signal
Serial acquisition history
- info
Signal
10-K strategy themes
- info
Signal
Recent transaction activity
Audited corpus.
No audited record on file for this CIK in the current v6 corpus.
This issuer has not been extracted into the v6 audited acquirer corpus yet. The brief above pulls from ranking-level aggregates and issuer-index signal only.