Criteo (CRTO) 10-Q 31 Jul 20 2020 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2020	Jul. 30, 2020
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2020
Document Transition Report	false
Entity File Number	001-36153
Entity Registrant Name	Criteo S.A.
Entity Incorporation, State or Country Code	I0
Entity Address, Address Line One	32 Rue Blanche
Entity Address, City or Town	Paris
Entity Address, Country	FR
Entity Address, Postal Zip Code	75009
Country Region	33
City Area Code	40
Local Phone Number	40 22 90
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		60,025,828
Entity Central Index Key	0001576427
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Amendment Flag	false
American Depositary Shares
Document Information [Line Items]
Title of 12(b) Security	American Depositary Shares, each representing one Ordinary Share,nominal value €0.025 per share
Trading Symbol	CRTO
Security Exchange Name	NASDAQ
Ordinary Shares
Document Information [Line Items]
Title of 12(b) Security	​Ordinary Shares, nominal value €0.025 per share​
No Trading Symbol Flag	true
Security Exchange Name	NASDAQ

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (UNAUDITED) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 578,181	$ 418,763
Trade receivables, net of allowances of $16.1 million and $33.3 million at December 31, 2019 and June 30, 2020, respectively	329,979	481,732
Income taxes	19,932	21,817
Other taxes	54,008	60,924
Other current assets	17,306	17,225
Total current assets	999,406	1,000,461
Property, plant and equipment, net	195,736	194,161
Intangible assets, net	78,185	86,886
Goodwill	316,575	317,100
Right of use assets - operating lease	137,808	142,044
Marketable securities	22,396	0
Non-current financial assets	19,809	21,747
Deferred tax assets	34,487	27,985
Total non-current assets	804,996	789,923
Total assets	1,804,402	1,790,384
Current liabilities:
Trade payables	280,626	390,277
Contingencies	4,126	6,385
Income taxes	2,440	3,422
Financial liabilities - current portion	159,381	3,636
Operating lease liabilities - current portion	51,414	45,853
Other taxes	44,085	50,099
Employee - related payables	61,963	74,781
Other current liabilities	38,982	35,886
Total current liabilities	643,017	610,339
Deferred tax liabilities	8,079	9,272
Retirement benefit obligation	9,215	8,485
Financial liabilities - non-current portion	44	769
Operating lease liabilities - non-current portion	105,794	117,988
Other non-current liabilities	3,256	5,543
Total non-current liabilities	126,388	142,057
Total liabilities	769,405	752,396
Commitments and contingencies
Shareholders' equity:
Common shares, €0.025 par value, 66,197,181 and 66,204,881 shares authorized, issued and outstanding at December 31, 2019 and June 30, 2020, respectively.	2,158	2,158
Treasury stock, 3,903,673 and 5,589,408 shares at cost as of December 31, 2019 and June 30, 2020, respectively.	(90,714)	(74,900)
Additional paid-in capital	683,288	668,389
Accumulated other comprehensive loss	(44,297)	(40,105)
Retained earnings	452,247	451,725
Equity-attributable to shareholders of Criteo S.A.	1,002,682	1,007,267
Non-controlling interests	32,315	30,721
Total equity	1,034,997	1,037,988
Total equity and liabilities	$ 1,804,402	$ 1,790,384

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (UNAUDITED) (Parenthetical) $ in Thousands	Jun. 30, 2020€ / shares	Jun. 30, 2020USD ($)shares	Dec. 31, 2019€ / shares	Dec. 31, 2019USD ($)shares
Statement of Financial Position [Abstract]
Trade receivables, allowances | $		$ 33,294		$ 16,068
Common shares, par value (in Euro per share) | € / shares	€ 0.025		€ 0.025
Common shares authorized (in shares)		66,204,881		66,197,181
Common shares issued (in shares)		66,204,881		66,197,181
Common shares outstanding (in shares)		66,204,881		66,197,181
Treasury stock (in shares)		5,589,408		3,903,673

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Income Statement [Abstract]
Revenue	$ 437,614	$ 528,147	$ 940,990	$ 1,086,270
Cost of revenue:
Traffic acquisition costs	(257,698)	(304,229)	(555,062)	(626,658)
Other cost of revenue	(33,914)	(29,059)	(67,720)	(55,104)
Gross profit	146,002	194,859	318,208	404,508
Operating expenses:
Research and development expenses	(31,247)	(44,015)	(68,762)	(90,592)
Sales and operations expenses	(75,781)	(95,503)	(160,755)	(191,412)
General and administrative expenses	(29,185)	(35,767)	(55,100)	(69,537)
Total operating expenses	(136,213)	(175,285)	(284,617)	(351,541)
Income from operations	9,789	19,574	33,591	52,967
Financial income (expense)	(1,003)	(1,354)	(1,337)	(3,328)
Income before taxes	8,786	18,220	32,254	49,639
Provision for income taxes	(2,636)	(5,683)	(9,676)	(15,701)
Net income	6,150	12,537	22,578	33,938
Net income available to shareholders of Criteo S.A.	5,716	10,823	21,175	29,943
Net income available to non-controlling interests	$ 434	$ 1,714	$ 1,403	$ 3,995
Net income allocated to shareholders of Criteo S.A. per share:
Basic (in USD per share)	$ 0.09	$ 0.17	$ 0.34	$ 0.46
Diluted (in USD per share)	$ 0.09	$ 0.16	$ 0.34	$ 0.45
Weighted average shares outstanding used in computing per share amounts:
Basic (in shares)	61,415,467	64,581,476	61,553,875	64,459,867
Diluted (in shares)	61,790,135	65,624,505	61,958,499	65,833,642

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Statement of Comprehensive Income [Abstract]
Net income	$ 6,150	$ 12,537	$ 22,578	$ 33,938
Foreign currency translation differences, net of taxes	11,584	9,598	(4,348)	(894)
Actuarial (losses) gains on employee benefits, net of taxes	(1,357)	(585)	377	(1,638)
Other comprehensive income (loss)	10,227	9,013	(3,971)	(2,532)
Total comprehensive income (loss)	16,377	21,550	18,607	31,406
Attributable to shareholders of Criteo S.A.	15,702	19,069	16,983	26,842
Attributable to non-controlling interests	$ 675	$ 2,481	$ 1,624	$ 4,564

CONSOLIDATED STATEMENT OF SHARE

CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY (UNAUDITED) - USD ($) $ in Thousands	Total		Share capital	Treasury Stock	Additional paid-in capital	Accumulated Other Comprehensive Income (Loss)	Retained Earnings		Equity - attributable to shareholders of Criteo S.A.		Non controlling interest
Beginning balance (in shares) at Dec. 31, 2018			67,708,203	(3,459,119)
Beginning balance at Dec. 31, 2018	$ 967,891		$ 2,201	$ (79,159)	$ 663,281	$ (30,522)	$ 387,869		$ 943,670		$ 24,221
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	21,401						19,120		19,120		2,281
Other comprehensive income (loss)	(11,545)					(11,347)			(11,347)		(198)
Issuance of ordinary shares (in shares)			28,596
Issuance of ordinary shares	373		$ 1		372				373
Change in treasury stocks (in shares)			(1,594,288)	1,786,715
Change in treasury stocks			$ (45)	$ 40,080	(36,091)		(3,944)
Share-Based Compensation	13,522				13,533				13,533		(11)
Other changes in equity	154				(1)		155		154
Ending Balance (in shares) at Mar. 31, 2019			66,142,511	(1,672,404)
Ending Balance at Mar. 31, 2019	991,796		$ 2,157	$ (39,079)	641,094	(41,869)	403,200		965,503		26,293
Beginning balance (in shares) at Dec. 31, 2018			67,708,203	(3,459,119)
Beginning balance at Dec. 31, 2018	967,891		$ 2,201	$ (79,159)	663,281	(30,522)	387,869		943,670		24,221
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	33,938
Other comprehensive income (loss)	(2,532)
Ending Balance (in shares) at Jun. 30, 2019			66,161,523	(1,118,969)
Ending Balance at Jun. 30, 2019	1,024,963		$ 2,157	$ (26,564)	652,572	(33,293)	401,209		996,081		28,882
Beginning balance (in shares) at Mar. 31, 2019			66,142,511	(1,672,404)
Beginning balance at Mar. 31, 2019	991,796		$ 2,157	$ (39,079)	641,094	(41,869)	403,200		965,503		26,293
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	12,537						10,823		10,823		1,714
Other comprehensive income (loss)	9,013					8,246			8,246		767
Issuance of ordinary shares (in shares)			19,012
Issuance of ordinary shares	252				252				252
Change in treasury stocks (in shares)				553,435
Change in treasury stocks				$ 12,515			(12,515)
Share-Based Compensation	11,362				11,254				11,254		108
Other changes in equity	3				(28)	330	(299)		3
Ending Balance (in shares) at Jun. 30, 2019			66,161,523	(1,118,969)
Ending Balance at Jun. 30, 2019	$ 1,024,963		$ 2,157	$ (26,564)	652,572	(33,293)	401,209		996,081		28,882
Beginning balance (in shares) at Dec. 31, 2019	66,197,181		66,197,181	(3,903,673)
Beginning balance at Dec. 31, 2019	$ 1,037,988		$ 2,158	$ (74,900)	668,389	(40,105)	451,725		1,007,267		30,721
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	16,428						15,459		15,459		969
Other comprehensive income (loss)	(14,198)					(14,178)			(14,178)		(20)
Issuance of ordinary shares (in shares)			5,700
Issuance of ordinary shares	39				39				39
Change in treasury stocks (in shares)				(629,977)
Change in treasury stocks	(18,239)			$ (4,934)			(13,305)		(18,239)
Share-Based Compensation	8,131				8,082				8,082		49
Other changes in equity	(3,541)	[1]					(3,399)	[1]	(3,399)	[1]	(142)
Ending Balance (in shares) at Mar. 31, 2020			66,202,881	(4,533,650)
Ending Balance at Mar. 31, 2020	$ 1,026,608		$ 2,158	$ (79,834)	676,510	(54,283)	450,480		995,031		31,577
Beginning balance (in shares) at Dec. 31, 2019	66,197,181		66,197,181	(3,903,673)
Beginning balance at Dec. 31, 2019	$ 1,037,988		$ 2,158	$ (74,900)	668,389	(40,105)	451,725		1,007,267		30,721
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	22,578
Other comprehensive income (loss)	$ (3,971)
Ending Balance (in shares) at Jun. 30, 2020	66,204,881		66,204,881	(5,589,408)
Ending Balance at Jun. 30, 2020	$ 1,034,997		$ 2,158	$ (90,714)	683,288	(44,297)	452,247		1,002,682		32,315
Beginning balance (in shares) at Mar. 31, 2020			66,202,881	(4,533,650)
Beginning balance at Mar. 31, 2020	1,026,608		$ 2,158	$ (79,834)	676,510	(54,283)	450,480		995,031		31,577
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	6,150						5,716		5,716		434
Other comprehensive income (loss)	10,227					9,986			9,986		241
Issuance of ordinary shares (in shares)			2,000
Issuance of ordinary shares	13				13				13
Change in treasury stocks (in shares)				(1,055,758)
Change in treasury stocks	(14,861)			$ (10,880)			(3,981)		(14,861)
Share-Based Compensation	6,804				6,765				6,765		39
Other changes in equity	$ 56						32		32		24
Ending Balance (in shares) at Jun. 30, 2020	66,204,881		66,204,881	(5,589,408)
Ending Balance at Jun. 30, 2020	$ 1,034,997		$ 2,158	$ (90,714)	$ 683,288	$ (44,297)	$ 452,247		$ 1,002,682		$ 32,315
[1]	From January 1, 2020, we adopted ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, which requires the measurement and recognition of expected credit losses for financial assets held at amortized cost issued by the Financial Accounting Standards Board (FASB).

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Cash from operating activities
Net income		$ 6,150	$ 12,537	$ 22,578	$ 33,938
Non-cash and non-operating items		33,083	28,961	65,911	53,959
- Amortization and provisions		27,907	18,282	54,951	37,926
- Net gain or loss on disposal of non-current assets		(123)	0	2,143	0
- Equity awards compensation expense	[1]	7,160	11,713	15,662	25,595
- Change in deferred taxes		(4,939)	7,252	(7,617)	1,336
- Change in income taxes		3,056	(8,696)	727	(10,630)
- Other		22	410	45	(268)
Changes in working capital related to operating activities		(5,856)	11,466	1,631	32,287
- Decrease in trade receivables		27,318	19,325	126,706	105,343
- (Decrease) in trade payables		(22,118)	(14,995)	(103,797)	(73,480)
- Decrease in other current assets		15,448	7,504	5,050	1,512
- Increase/(Decrease) in other current liabilities		(25,503)	3,015	(26,448)	5,451
- Change in operating lease liabilities and right of use assets		(1,001)	(3,383)	120	(6,539)
Cash from operating activities		33,377	52,964	90,120	120,184
Cash used for investing activities
Acquisition of intangible assets, property, plant and equipment		(29,471)	(28,812)	(40,729)	(42,104)
Change in accounts payable related to intangible assets, property, plant and equipment		10,939	(3,980)	10,460	(14,372)
(Payment for) Disposal of a business, net of cash acquired (disposed)		0	637	0	(4,688)
Change in other non-current financial assets		(21,238)	(1,152)	(20,349)	(1,184)
Cash used for investing activities		(39,770)	(33,307)	(50,618)	(62,348)
Cash (used for) from financing activities
Proceeds from borrowings under line-of-credit agreement		154,310	0	154,310	0
Repayment of borrowings		1	(167)	(169)	(339)
Proceeds from capital increase		(20)	(98)	(16)	(87)
Repurchase of treasury stocks		(14,860)	0	(33,101)	0
Change in other financial liabilities		(573)	(209)	(927)	(239)
Cash (used for) from financing activities		138,858	(474)	120,097	(665)
Effect of exchange rates changes on cash and cash equivalents		9,210	7,099	(181)	456
Net increase in cash and cash equivalents		141,675	26,282	159,418	57,627
Net cash and cash equivalents at beginning of period		436,506	395,771	418,763	364,426
Net cash and cash equivalents at end of period		578,181	422,053	578,181	422,053
Supplemental disclosures of cash flow information
Cash paid for taxes, net of refunds		(4,519)	(7,127)	(16,566)	(24,995)
Cash paid for interest		$ (317)	$ (351)	$ (666)	$ (758)
[1]	Of which $11.4 million and $6.8 million of equity awards compensation expense consisted of share-based compensation expense according to A SC 718 Compensation - stock compensation for the quarter ended June 30, 2019 and 2020, respectively, and $24.9 million and $14.9 million for the six months ended June 30, 2019 and 2020, respectively.

CONDENSED CONSOLIDATED STATEM_6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Statement of Cash Flows [Abstract]
Share-based compensation expense	$ 6,804	$ 11,362	$ 14,935	$ 24,884

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation The unaudited condensed consolidated financial statements included herein (the "Unaudited Condensed Consolidated Financial Statements") have been prepared by Criteo S.A. pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC"). Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") have been condensed or omitted pursuant to such rules and regulations. However, the Company believes that the disclosures are adequate to make the information presented not misleading. These unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and the notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2019, filed with the SEC on March 2, 2020. The unaudited condensed consolidated financial statements included herein reflect all adjustments (consisting of normal, recurring adjustments) which are, in the opinion of management, necessary to state fairly the results for the interim periods presented. The results of operations for the interim periods presented are not necessarily indicative of the operating results to be expected for any subsequent interim period or for the fiscal year. Conformity with U.S. GAAP requires the use of estimates and judgments that affect the reported amounts of assets, liabilities, revenue and expenses in the condensed consolidated financial statements and accompanying notes. We base our estimates and judgments on historical information and on various other assumptions that we believe are reasonable under the circumstances. Our actual results may differ from these estimates. U.S. GAAP requires us to make estimates and judgments in several areas, including, but not limited to: (1) revenue recognition criteria, (2) allowances for credit losses, (3) research tax credits, (4) income taxes, including i) recognition of deferred tax assets arising from the subsidiaries projected taxable profit for future years, ii) evaluation of uncertain tax positions associated with our transfer pricing policy and iii) recognition of income tax position in respect with tax reforms recently enacted in countries we operate, (5) assumptions used in valuing acquired assets and assumed liabilities in business combinations, (6) assumptions used in the valuation of goodwill, intangible assets and right of use assets - operating lease, and (7) assumptions used in the valuation model to determine the fair value of share-based compensation plan. The ongoing impact of COVID-19 increases uncertainty associated with these estimates, in particular those related to allowance for credit losses, assumptions used in the valuation of goodwill and estimates relating to income taxes. There have been no changes to our significant accounting policies described in our Annual Report on Form 10-K for the fiscal year ended December 31, 2019, except for the accounting pronouncements adopted below. Accounting Pronouncements adopted in 2020 Effective January 1, 2020, we have adopted the Financial Accounting Standards Board ("FASB") Accounting Standards Update ("ASU") No. 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments , which requires the measurement and recognition of expected credit losses for financial assets held at amortized cost. ASU 2016-13 replaces the existing incurred loss impairment model with an expected loss model which requires the use of forward-looking information to calculate credit loss estimates. This results in earlier recognition of credit losses. We measure loss allowances for all trade receivables using the lifetime expected credit loss approach, as described above. The expected credit losses on these financial assets are estimated using a provision matrix based on the Company’s historical credit loss experience, adjusted for factors that are specific to the debtors, general economic conditions and an assessment of both the current as well as the forecast direction of conditions at the reporting date. Effective January 1, 2020, we have adopted ASU 2017-04, Goodwill and Other (Topic 350) . ASU 2017-04 simplifies the subsequent measurement of goodwill and reduces the cost and complexity of evaluating goodwill for impairment. It eliminates the need for entities to calculate the implied fair value of goodwill by assigning the fair value of a reporting unit to all of its assets and liabilities as if that reporting unit had been acquired in a business combination. Under this amendment, an entity will perform its goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An impairment charge is recognized for the amount by which the carrying value exceeds the reporting unit's fair value. The adoption of the ASU did not have an impact on our financial position or results of operations as we did not recognize an impairment loss during the period. Effective January 1, 2020, we have adopted ASU 2018-15, Intangibles - Goodwill and Other - Internal Use Software - Customer’s Accounting for Implementation Costs incurred in a Cloud Computing Arrangement That is a Service Contract . This ASU was issued to clarify the accounting for implementation costs incurred for SaaS agreements. Previously the guidance only referred to development of internal use software and the accounting for SaaS agreements was not clarified. This ASU states that the implementation costs of SaaS agreements should be capitalized. The adoption of the standard did not have an impact on our financial position or results of operations, however, it did have a minor impact on expense classification in current and future periods. Recent Accounting Pronouncements In August 2018, the FASB issued ASU 2018 - 14, Compensation - Retirement Benefits - Defined Benefit Plans - General. The purpose of this update is to modify disclosure requirements for Defined Benefit Plans. It removes requirements to disclose the amounts in accumulated other comprehensive income expected to be recognized as components of net periodic benefit cost over the next fiscal year among others. It adds disclosure requirements for the items such as an explanation of the reasons for significant gains and losses related to changes in the benefit obligation for the period. We intend to adopt the standard on the effective date of January 1, 2021. The adoption of ASU 2018-14 is not expected to have a material impact on our financial position or results of operations but may have an impact on our disclosures. In December 2019, the FASB issued Accounting Standard Update No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes (ASU 2019-12), which simplifies the accounting for income taxes. We intend to adopt the standard on the effective date of January 1, 2021. The adoption of ASU 2019-12 is not expected to have a material impact on our financial position or results of operations but may have an impact on our disclosures. Other accounting standards that have been issued or proposed by the FASB or other standards-setting bodies that do not require adoption until a future date are not expected to have a material impact on the Company’s Consolidated Financial Statements upon adoption.

Significant Events and Transact

Significant Events and Transactions of the Period	6 Months Ended
	Jun. 30, 2020
Restructuring and Related Activities [Abstract]
Significant Events and Transactions of the Period	Significant Events and Transactions of the Period Share repurchase program On October 25, 2018, Criteo's Board of Directors authorized a share repurchase program of up to $80.0 million of the Company’s outstanding American Depositary Shares. We completed this share repurchase program in 2018. As of December 31, 2018, 3.5 million shares were held as treasury shares. On February 8, 2019, the Board of Directors authorized the reduction of capital resulting in the formal retirement of 1.6 million treasury shares. On July 26, 2019, Criteo's Board of Directors authorized a share repurchase program of up to $80.0 million of the Company's outstanding American Depositary Shares. As of December 31, 2019, 3.2 million shares were held as treasury shares as part of the share repurchase program authorized on July 26, 2019. We completed the 2019 share repurchase program in February 2020. On April 23, 2020, Criteo's Board of Directors authorized a share repurchase program of up to $30.0 million of the Company's outstanding American Depositary Shares. This share repurchase program is still on-going as of June 30, 2020. As of June 30, 2020, we had 5.6 million treasury shares remaining which may be used to satisfy the Company's obligations under its employee equity plans upon RSU vestings in lieu of issuing new shares, and for M&A activity. Number of Treasury Shares Amount Balance at January 1, 2020 3,903,673 $ 74,900 Treasury Shares Repurchased for RSU Vesting 2,525,492 33,100 Treasury Shares Issued for RSU Vesting (839,757) (17,286) Balance at June 30, 2020 5,589,408 $ 90,714 Restructuring Cease of our R&D operations in Palo Alto On October 7, 2019, in connection with the new organization structure, the Company announced a plan to restructure its R&D activities with the closing of its R&D operations in Palo Alto. The Company incurred additional net restructuring costs of $0.05 million and $0.5 million for the three and six months ended June 30, 2020, respectively, comprising of payroll expenses included in Research and Development expenses. The following table summarizes restructuring activities as of June 30, 2020 included in other current liabilities on the balance sheet: Six Months Ended June 30, 2020 (in thousands) Restructuring liability - January 1, 2020 $ 5,581 Restructuring costs 497 Restructuring costs - non cash items — Amount paid (5,030) Restructuring liability - June 30, 2020 1,048 New organization structure As part of a new organization structure designed to best support our multi-product platform strategy and accelerate execution, commenced in the twelve month period ended December 31, 2019, the Company incurred net restructuring costs of $0.4 million and $1.1 million for the three and six month periods ended June 30, 2020, respectively, comprising of payroll expenses. For the three and six month periods ended June 30, 2020, respectively, $0.04 million and $0.2 million was included in Research and Development expenses and $0.32 million and $0.9 million was included in Sales and Operations expenses. The following table summarizes restructuring activities as of June 30, 2020 included in other current liabilities on the balance sheet: Six Months Ended June 30, 2020 (in thousands) Restructuring liability - January 1, 2020 $ 510 Restructuring costs 1,133 Amount paid (1,529) Restructuring liability - June 30, 2020 114 Changes in Group funding In September 2015, Criteo S.A. entered into a Multicurrency Revolving Facility Agreement for general purposes of the Group including the funding of business combinations. On May 4, 2020, Criteo decided to draw €140 million ($156.8 million) under its RCF credit facility for general purposes. The drawdown is for an initial period of six months. In addition the parties to the RCF agreement have agreed to extend the term of the agreement for one additional year, from March 2022 to March 2023, composed of a €350 million ($392 million) commitment through March 2022, and a €294 million ($329 million) commitment from the end of March 2022 through March 2023. The cost of the one-year extension is 0.025% of the extended amount. Changes in Group financial investments

Financial Instruments

Financial Instruments	6 Months Ended
	Jun. 30, 2020
Fair Value Disclosures [Abstract]
Financial Instruments	Financial Instruments Financial assets The maximum exposure to credit risk at the end of each reported period is represented by the carrying amount of financial assets and summarized in the following table: December 31, 2019 June 30, 2020 (in thousands) Trade receivables, net of allowance 481,732 329,979 Other taxes 60,924 54,008 Other current assets 17,225 17,306 Non-current financial assets 21,747 19,809 Marketable Securities — 22,396 Total $ 581,628 $ 443,498 Credit Risk We maintain an allowance for estimated credit losses. During the period ended December 31, 2019 and the six-month period ended June 30, 2020, our net change in allowance for credit losses was $9.9 million and $17.2 million, respectively (note 4). The primary cause of this change was the adoption of ASU 2016-13 from January 1, 2020 resulting in an earlier recognition of credit losses, the cumulative effect of which, was recorded as an adjustment to retained earnings for $3.5 million (note 1), as well as an increase to the provision due to the expected impact of COVID-19 on the Company's future cash collection. For our financial assets, the fair value approximates the carrying amount, given the nature of the financial assets and the maturity of the expected cash flows. Trade Receivables Credit risk is defined as an unexpected loss in cash and earnings if the client is unable to pay its obligations in due time. We perform internal ongoing credit risk evaluations of our clients. When a possible risk exposure is identified, we require prepayments or pause the provision of services until payment of past due receivables is made. As of December 31, 2019 and June 30, 2020, no customer accounted for 10% or more of trade receivables . Financial Liabilities December 31, 2019 June 30, 2020 (in thousands) Trade payables $ 390,277 $ 280,626 Other taxes 50,099 44,085 Employee-related payables 74,781 61,963 Other current liabilities 35,886 38,982 Financial liabilities 4,405 159,425 Total $ 555,448 $ 585,081 For our financial liabilities, the fair value approximates the carrying amount, given the nature of the financial liabilities and the maturity of the expected cash flows. We are party to several loan agreements and a revolving credit facility, or RCF, with third-party financial institutions. There have been no significant changes from what was disclosed in Note 12 to the consolidated financial statements included in the Company's Annual Report on Form 10-K for the year ended December 31, 2019 except as presented in note 2 relating to a drawing for a total amount of €140 million ($156.8 million) under the RCF credit facility for general purposes. The drawdown is for an initial period of six months . In addition, t he parties to the RCF agreement have agreed to extend the term of the agreement for one additional year, from March 2022 to March 2023, composed of a €350 million ($392 million) commitment through March 2022, and a €294 million ($329 million) commitment from the end of March 2022 through March 2023. The cost of the one-year extension is 0.025% of the extended amount. Fair Value Measurements We measure the fair value of our cash equivalents and marketable securities, which include interest-bearing bank deposits, as level 2 measurements because they are valued using observable market data. Financial assets or liabilities include derivative financial instruments used to manage our exposure to the risk of exchange rate fluctuations. These instruments are considered level 2 financial instruments as they are measured using valuation techniques based on observable market data. Derivative Financial Instruments Derivatives consist of foreign currency forward contracts that we use to hedge intercompany transactions and other monetary assets or liabilities denominated in currencies other than the local currency of a subsidiary. We recognize gains and losses on these contracts in financial income (expense), and their position on the balance sheet is based on their fair value at the end of each respective period. These instruments are considered level 2 financial instruments as they are measured using valuation techniques based on observable market data. December 31, 2019 June 30, 2020 (in thousands) Derivative Assets: Included in other current assets $ — $ 389 Derivative Liabilities: Included in financial liabilities - current portion $ 1,284 $ — For our derivative financial instruments, the fair value approximates the carrying amount, given the nature of the derivative financial instruments and the maturity of the expected cash flows. Cash and Cash Equivalents The following table presents for each reporting period, the breakdown of cash and cash equivalents: December 31, 2019 June 30, 2020 (in thousands) Cash equivalents $ 189,119 $ 174,005 Cash on hand 229,644 404,176 Total cash and cash equivalents $ 418,763 $ 578,181 Cash equivalents are investments in interest–bearing bank deposits which meet ASC 230—Statement of Cash flows criteria: short-term, highly liquid investments, for which the risks of changes in value are considered to be insignificant. Interest-bearing bank deposits are considered level 2 financial instruments as they are measured using valuation techniques based on observable market data. For our cash and cash equivalents, the fair value approximates the carrying amount, given the nature of the cash and cash equivalents and the maturity of the expected cash flows. Marketable Securities We have made a €20 million investment into a 24 months term deposit with one of the RCF parties, with a yearly yield of 0.25%. This new investment is classified under Marketable Securities as a non-current asset as it does not meet the cash and cash equivalent criteria. We determine the appropriate classification of our investments in marketable securities at the time of purchase and re-evaluate such designation at each balance sheet date. We have classified and accounted for our marketable debt securities as available-for-sale. After consideration of our risk versus reward objectives, as well as our liquidity requirements, management may redeem these debt securities prior to their stated maturities. The following table presents for each reporting period, the breakdown of the fair value of marketable securities: December 31, 2019 June 30, 2020 (in thousands) Term Deposits $ — $ 22,396 Marketable Securities — $ 22,396 The gross unrealized gains on our marketable securities were not material as of June 30, 2020. For our marketable securities, the fair value approximates the carrying amount, given the nature of the term deposit and the maturity of the expected cash flows. The term deposit is considered a level 2 financial instruments as it is measured using valuation techniques based on observable market data. The following table classifies our marketable securities by contractual maturities: June 30, 2020 (in thousands) Due in one year $ — Due in one to five years $ 22,396 Total $ 22,396

Trade Receivables

Trade Receivables	6 Months Ended
	Jun. 30, 2020
Receivables [Abstract]
Trade Receivables	Trade Receivables The following table shows the breakdown in trade receivables net book value for the presented periods: December 31, 2019 June 30, 2020 (in thousands) Trade accounts receivables $ 497,800 $ 363,273 (Less) Allowance for credit losses (16,068) (33,294) Net book value at end of period $ 481,732 $ 329,979 Changes in allowance for credit accounts are summarized below: 2019 2020 (in thousands) Balance at January 1 $ (25,918) $ (16,068) Allowance for credit losses through retained earnings (*) — (3,483) Allowance for credit losses (6,042) (21,040) Reversal of provision 12,318 6,974 Currency translation adjustment 96 323 Balance at June 30 $ (19,546) $ (33,294) (*) From January 1, 2020, we adopted ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments which requires the measurement and recognition of expected credit losses for financial assets held at amortized cost issued by the Financial Accounting Standards Board (FASB). ASU 2016-13 replaces the existing incurred loss impairment model with an expected loss model which requires the use of forward-looking information to calculate credit loss estimates. This results in earlier recognition of credit losses. We adopted ASU 2016-13 effective January 1, 2020 with the cumulative effect of adoption recorded as an adjustment to retained earnings (note 1). The amount charged to allowance for credit losses for the six months ended June 30, 2020 increased compared to the same period in the prior year due to the application of the expected credit loss model beginning on January 1, 2020 as well as an increase to the provision due to the expected impact of COVID-19 on the Company's future cash collections. The reversal of provision decreased during the six month period ended June 30, 2020, mainly due to lower payments received and write-offs of long outstanding receivables already reserved for which it is certain we will not collect the receivable. During the six month period ended June 30, 2020, the Company recovered $2.3 million previously written off, accounted for as a reversal of provision. The Company mitigates its credit risk with respect to accounts receivables by performing credit evaluations and monitoring agencies and advertisers' accounts receivables balances.

Other Current Assets

Other Current Assets	6 Months Ended
	Jun. 30, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Current Assets	Other Current Assets The following table shows the breakdown in other current assets net book value for the presented periods: December 31, 2019 June 30, 2020 (in thousands) Prepayments to suppliers $ 5,109 $ 5,671 Other debtors 4,225 2,809 Prepaid expenses 7,891 8,437 Derivative instruments — 389 Gross book value at end of period 17,225 17,306 Net book value at end of period $ 17,225 $ 17,306 Prepaid expenses mainly consist of office rental advance payments.

Intangible Assets and Goodwill

Intangible Assets and Goodwill	6 Months Ended
	Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible assets and Goodwill	Intangible Assets and Goodwill There have been no significant additions to intangible assets or goodwill since December 31, 2019. In addition, no events or circumstances have occurred during the three months ended June 30, 2020 that would indicate impairment of intangible assets and goodwill. The estimated amortization expense related to intangible assets for the next five years and thereafter is as follows: Software Technology and customer relationships Total (in thousands) From July 1 to December 31, 2020 $ 4,639 $ 5,721 $ 10,360 2021 8,479 11,441 19,920 2022 5,836 11,441 17,277 2023 3,291 10,948 14,239 2024 700 8,700 9,400 Thereafter 61 6,928 6,989 Total $ 23,006 $ 55,179 $ 78,185

Other Current Liabilities

Other Current Liabilities	6 Months Ended
	Jun. 30, 2020
Other Liabilities Disclosure [Abstract]
Other Current Liabilities	Other Current Liabilities Other current liabilities are presented in the following table: December 31, 2019 June 30, 2020 (in thousands) Clients' prepayments $ 13,618 $ 10,700 Credit notes 16,420 11,913 Accounts payable relating to capital expenditures 4,408 14,576 Other creditors 1,213 1,718 Deferred revenue 227 75 Total $ 35,886 $ 38,982

Leases

Leases	6 Months Ended
	Jun. 30, 2020
Leases [Abstract]
Leases	Leases We have adopted Topic 842 effective January 1, 2019 on a modified retrospective basis and elected not to restate comparative periods. We chose to use certain practical expedients offered by the standard including: • We did not reassess whether any expired or existing contracts are or contain leases, the lease classification for any expired or existing leases, or the initial direct costs for any existing leases, • We do not recognize a lease liability or right of use asset for leases with a term of 12 months or less, and • We used hindsight in determining the lease term. We lease space under non-cancellable operating leases for our offices as well as our data centers. Our office leases typically include free rent periods or rent escalation periods, and may also include leasehold improvement incentives. Leases for data centers may also include free rent periods or rent escalation periods. These leases typically do not include residual value guarantees. Both office and data center leases may contain both lease components (rent) and non-lease components (maintenance, electrical costs, and other service charges). Non-lease components are accounted for separately. Both office and data center leases typically contain options to renew, and/or early terminate. We have evaluated management's expectations for these options as of June 30, 2020. Options have been included in the lease term if management has determined it is reasonably certain it will be exercised. Operating lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term at commencement date. As most of our leases do not provide an implicit rate, we use our incremental borrowing rate at lease commencement to determine the present value of future payments. We have a centralized treasury function, and the majority of our leases are negotiated and signed by representatives of Criteo SA. As such, the incremental borrowing rate of Criteo SA is used for all of our contracts. It is then adjusted in consideration of the currency of the lease and the lease term as of the lease commencement date. Lease expense is recognized for minimum lease payments on a straight-line basis over the lease term. Variable costs are expensed in the period incurred. Variable expenses include changes in indexation. Leases for data centers may have variable costs based on electrical usage. The components of lease expense are as follows: Three Months Ended June 30, 2019 June 30, 2020 Offices Data Centers Total Offices Data Centers Total (in thousands) Lease expense $ 8,574 $ 6,154 $ 14,728 $ 7,487 $ 6,784 $ 14,271 Short term lease expense 523 525 1,048 (69) (56) (125) Variable lease expense 1,821 239 2,060 4 (428) (424) Sublease income (693) — (693) 26 — 26 Total operating lease expense $ 10,225 $ 6,918 $ 17,143 $ 7,448 $ 6,300 $ 13,748 Six Months Ended June 30, 2019 June 30, 2020 Offices Data Centers Total Offices Data Centers Total (in thousands) Lease expense $ 16,914 $ 11,341 $ 28,255 $ 13,801 $ 13,320 $ 27,121 Short term lease expense 1,448 1,055 2,503 217 — 217 Variable lease expense 1,821 353 2,174 13 88 101 Sublease income (1,769) — (1,769) (176) — (176) Total operating lease expense $ 18,414 $ 12,749 $ 31,163 $ 13,855 $ 13,408 $ 27,263 As of June 30, 2020, we had future minimum lease payments as follows: June 30, 2020 Offices Data Centers Total (in thousands) Remainder of 2020 $ 16,037 $ 12,530 $ 28,567 2021 30,042 19,486 49,528 2022 27,794 10,725 38,519 2023 18,387 4,397 22,784 2024 9,379 2,243 11,622 Thereafter 14,283 375 14,658 Total minimum lease payments 115,922 49,756 165,678 Impact of Discount Rate (7,500) (970) (8,470) Total Lease Liability $ 108,422 $ 48,786 $ 157,208 The weighted average remaining lease term and discount rates as of June 30, 2020 are as follows: June 30, 2019 June 30, 2020 Weighted average remaining lease term (years) Offices 5.19 4.28 Data Centers 2.81 2.61 Weighted average discount rate Offices 2.64 % 2.59 % Data Centers 1.75 % 1.59 % Supplemental cash flow information related to our operating leases is as follows for the three months and six month period ended June 30, 2020: Three Months Ended June 30, 2019 June 30, 2020 (in thousands) Cash paid for amounts included in the measurement of lease liabilities Cash flow for operating activities $ (13,967) $ (12,733) Right of use assets obtained in exchange for new operating lease liabilities $ 594 $ — Six Months Ended June 30, 2019 June 30, 2020 (in thousands) Cash paid for amounts included in the measurement of lease liabilities Cash flow for operating activities $ (27,931) $ (26,781) Right of use assets obtained in exchange for new operating lease liabilities $ 11,520 $ — As of June 30, 2020, we have additional operating leases, that have not yet commenced which will result in additional operating lease liabilities and right of use assets: Offices Data Centers (in thousands) Additional operating lease liabilities $ 12,291 $ 7,864 Additional right of use assets $ 9,380 $ 7,864 These operating leases will commence during the fiscal year ending December 31, 2020.

Revenue

Revenue	6 Months Ended
	Jun. 30, 2020
Revenue from Contract with Customer [Abstract]
Revenue	Revenue Revenue Recognition We sell personalized display advertisements featuring product-level recommendations either directly to clients or to advertising agencies. Historically, the Criteo model has focused solely on converting our clients' website visitors into customers, enabling us to charge our clients only when users engage with an ad we deliver, usually by clicking on it. More recently, we have expanded our solutions to address a broader range of marketing goals for our clients. We offer two families of solutions to our commerce and brand clients: • Criteo Marketing Solutions allow commerce companies to address multiple marketing goals by engaging their consumers with personalized ads across the web, mobile and offline store environments. • Criteo Retail Media solutions allow retailers to generate advertising revenues from consumer brands, and/or to drive sales for themselves, by monetizing their data and audiences through personalized ads, either on their own digital property or on the open Internet, that address multiple marketing goals. In conjunction with broadening our solutions, we have also started expanding our pricing models to now include a combination of cost-per-install and cost-per-impression for selected new solutions, in addition to cost-per-click. We recognize revenues when we transfer control of promised services directly to our clients or to advertising agencies, which we collectively refer to as our clients, in an amount that reflects the consideration to which we expect to be entitled to in exchange for those services. For campaigns priced on a cost-per-click and cost-per-install basis, we bill our clients when a user clicks on an advertisement we deliver or installs an application by clicking on an advertisement we delivered, respectively. For these pricing models, we recognize revenue when a user clicks on an advertisement or installs an application. For campaigns priced on a cost-per-impression basis, we bill our clients based on the number of times an advertisement is displayed to a user. For this pricing model, we recognize revenue when an advertisement is displayed. We act as principal in our arrangements because (i) we control the advertising inventory (spaces on websites) before it is transferred to our clients; (ii) we bear sole responsibility for fulfillment of the advertising promise and inventory risks and (iii) we have full discretion in establishing prices. Therefore, based on these factors, we report revenue earned and the related costs incurred on a gross basis. Disaggregation of revenue The following tables disclose our consolidated revenue for each geographical area for each of the reported periods. Revenue by geographical area is based on the location of advertisers’ campaigns. The following table presents our revenues disaggregated by geographical area: Americas EMEA Asia-Pacific Total For the three months ended (in thousands) June 30, 2019 $ 213,974 $ 194,359 $ 119,814 $ 528,147 June 30, 2020 $ 185,674 $ 159,621 $ 92,319 $ 437,614 Americas EMEA Asia-Pacific Total For the six months ended (in thousands) June 30, 2019 $ 431,967 $ 404,002 $ 250,301 $ 1,086,270 June 30, 2020 $ 377,419 $ 349,735 $ 213,836 $ 940,990 Excluding our historical solution for driving Conversion as part of the Criteo Marketing Solutions family (formerly called Criteo Dynamic Retargeting), no individual solution from either the Criteo Marketing Solutions family, nor the Criteo Retail Media family, accounted for more than 10% of total consolidated revenue for the periods presented. Customer Credit Notes We offer credit notes to certain customers as a form of incentive, which are accounted for as variable consideration. We estimate these amounts based on the expected amount to be provided to customers and they are recognized as a reduction of revenue. We believe that there will not be significant changes to our estimates of variable consideration. Deferred Revenues We record deferred revenues when cash payments are received or due in advance of our performance. Our payment terms vary depending on the service or the type of customer. For certain customers, we require payment before the services are delivered. Practical Expedients We do not disclose the value of unsatisfied performance obligations for (i) contracts with an original expected length of one year or less and (ii) contracts for which we recognize revenue at the amount to which we have the right to invoice for services performed. We generally expense sales commissions when incurred because the amortization period would have been one year or less. These costs are recorded within sales and operating expenses.

Share-Based Compensation

Share-Based Compensation	6 Months Ended
	Jun. 30, 2020
Share-based Payment Arrangement [Abstract]
Share-Based Compensation	Share-Based Compensation The board of directors has been authorized by the general meeting of the shareholders to grant employee warrants (Bons de Souscription de Parts de Créateur d’Entreprise or "BSPCEs"), share options (Options de Souscription d'Actions or "OSAs"), restricted share units ("RSUs") and non-employee warrants ( Bons de Souscription d'Actions or "BSAs") . During the six months ended June 30, 2020, there were three grants of RSUs and one grant of OSAs under the Employee Share Option Plan 12 as defined in Note 20 to our audited consolidated financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2019. On March 2, 2020, 40,240 RSUs were granted to Criteo employees subject to continued employment and 43,217 RSUs and 43,217 PSUs were granted to a member of the management subject to continued employment. On April 23, 2020, 72,411 RSUs were granted to Criteo employees subject to continued employment and 140,513 OSAs were granted to a member of management subject to continued employment. On June, 22, 2020, 1,626,850 RSUs were granted to Criteo employees, to certain senior managers and members of management subject to continued employment. There have been no changes in the vesting and method of valuation of the BSPCEs, OSAs, RSUs, or BSAs from what was disclosed in Note 20 to the consolidated financial statements included in the Company's Annual Report on Form 10-K for the year ended December 31, 2019, filed with the SEC on March 2, 2020. Change in Number of BSPCE/OSA/RSU/BSA OSA/BSPCE RSU/PSU BSA Total Balance at January 1, 2020 2,559,534 4,978,986 363,767 7,902,287 Granted 140,513 1,825,935 — 1,966,448 Exercised (OSA/BSPCE/BSA) (7,700) — — (7,700) Vested (RSU) — (856,938) — (856,938) Forfeited (166,459) (479,370) (12,742) (658,571) Expired (3,600) — — (3,600) Balance at June 30, 2020 2,522,288 5,468,613 351,025 8,341,926 Breakdown of the Closing Balance OSA/BSPCE RSU BSA Number outstanding 2,522,288 5,468,613 351,025 Weighted-average exercise price € 22.02 NA € 14.82 Number vested 1,808,388 NA 165,291 Weighted-average exercise price € 24.24 NA € 17.13 Weighted-average remaining contractual life of options outstanding, in years 5.80 NA 7.15 Reconciliation with the Unaudited Consolidated Statements of Income Three Months Ended June 30, 2019 June 30, 2020 (in thousands) R&D S&O G&A Total R&D S&O G&A Total RSUs $ (3,952) $ (4,669) $ (3,496) $ (12,117) $ (2,068) $ (1,516) $ (2,585) $ (6,169) Share options / BSPCE 624 777 (646) 755 — (56) (579) (635) Total share-based compensation (3,328) (3,892) (4,142) (11,362) (2,068) (1,572) (3,164) (6,804) BSAs — — (351) (351) — — (355) (355) Total equity awards compensation expense $ (3,328) $ (3,892) $ (4,493) $ (11,713) $ (2,068) $ (1,572) $ (3,519) $ (7,159) Six Months Ended June 30, 2019 June 30, 2020 (in thousands) R&D S&O G&A Total R&D S&O G&A Total RSUs $ (7,798) $ (10,624) $ (6,012) $ (24,434) $ (4,438) $ (5,135) $ (4,573) $ (14,146) Share options / BSPCE 445 531 (1,426) (450) (55) (734) (789) Total share-based compensation (7,353) (10,093) (7,438) (24,884) (4,438) (5,190) (5,307) (14,935) BSAs — — (711) (711) — — (727) (727) Total equity awards compensation expense $ (7,353) $ (10,093) $ (8,149) $ (25,595) $ (4,438) $ (5,190) $ (6,034) $ (15,662)

Financial Income and Expenses

Financial Income and Expenses	6 Months Ended
	Jun. 30, 2020
Other Income and Expenses [Abstract]
Financial Income and Expenses	Financial Income and Expenses The condensed consolidated statements of income line item “Financial income (expense)” can be broken down as follows: Three Months Ended June 30, June 30, (in thousands) Financial income from cash equivalents $ 608 $ 61 Interest and fees (481) (811) Interest on debt (443) (638) Fees (38) (173) Foreign exchange gain (loss) (1,089) (235) Other financial expense (392) (18) Total financial income (expense) $ (1,354) $ (1,003) Six Months Ended June 30, June 30, (in thousands) Financial income from cash equivalents $ 785 $ 443 Interest and fees (1,004) (1,243) Interest on debt (873) (1,018) Fees (131) (225) Foreign exchange gain (loss) (2,687) (496) Other financial expense (422) (41) Total financial income (expense) $ (3,328) $ (1,337) The $1.0 million and t he $1.3 million financial expenses for the three and six month periods ended June 30, 2020 , respectively, were driven by the up-front fees amortization, the non-utilization costs and the financial expense relating to the €140 million ($156.8 million) drawing performed in May 2020 (note 2) as part of our available Revolving Credit Facility (RCF) financing and the recognition of a negative impact of foreign exchange reevaluations net of related hedging. We manage our exposure to foreign currency risk at Criteo S.A. level and hedge using foreign currency swaps or forward purchases or sales of foreign currencies.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Breakdown of Income Taxes The tax provision for interim periods is determined using an estimate of our annual effective tax rate (“AETR”), adjusted for discrete items arising in the period. To calculate our estimated AETR, we estimate our income before taxes and the related tax expense or benefit for the full fiscal year (total of expected current and deferred tax provisions), excluding the effect of significant unusual or infrequently occurring items or comprehensive income items not recognized in the statement of income. Each quarter, we update our estimate of the annual effective tax rate, and if our estimated annual tax rate does change, we make a cumulative adjustment in that quarter. Our quarterly tax provision, and our quarterly estimate of our annual effective tax rate, are subject to significant volatility due to several factors including our ability to accurately predict our income (loss) before provision for income taxes in multiple jurisdictions and the changes in foreign exchange rates. Our effective tax rate in the future will depend on the portion of our profits earned within and outside of France. The condensed consolidated statements of income line item “Provision for income taxes” can be broken down as follows: Six Months Ended June 30, June 30, (in thousands) Current income tax $ (14,365) $ (17,293) Net change in deferred taxes (1,336) 7,617 Provision for income taxes $ (15,701) $ (9,676) For the six months ended June 30, 2019 and 2020, we used an annual estimate d tax rate of 30% to calculate the provision for income taxes. The effective tax rate was 32% and 30% fo r the six months ended June 30, 2019 and 2020, respectively. The difference between the annual estimated tax rate and the effective tax rate is mainly due to the tax impact of discrete items such as share-based compensation in the United States. Discrete items were immaterial for the six months ended June 30, 2020 resulting in no material difference between the annual estimated tax rate and the effective tax rate. Current tax assets and liabilities The total amount of current tax assets consists mainly of prepayments of income taxes and credits of Criteo SA, Criteo Corp and Criteo Gmbh. The current tax liabilities refers mainly to the corporate tax payables of Criteo K.K. Ongoing tax inspection in the United States On September 27, 2017, we received a draft notice of proposed adjustment (NOPA) from the Internal Revenue Service ("IRS") audit of Criteo Corp. for the year ended December 31, 2014, confirmed by the definitive notice dated February 8, 2018. Although we disagree with the IRS's position and are currently contesting this issue, the ultimate resolution of this litigation is uncertain and, if resolved in a manner unfavorable to us, could result in an additional federal tax liability of an estimated maximum aggregate amount of approximately $15.0 million, excluding related fees, interest and penalties.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Basic Earnings Per Share We calculate basic earnings per share by dividing the net income for the period attributable to shareholders of the Parent by the weighted average number of shares outstanding. Three Months Ended Six Months Ended June 30, 2019 June 30, 2020 June 30, 2019 June 30, 2020 Net income attributable to shareholders of Criteo S.A. $ 10,823 $ 5,716 $ 29,943 $ 21,175 Weighted average number of shares outstanding 64,581,476 61,415,467 64,459,867 61,553,875 Basic earnings per share $ 0.17 $ 0.09 $ 0.46 $ 0.34 Diluted Earnings Per Share We calculate diluted earnings per share by dividing the net income attributable to shareholders of the Parent by the weighted average number of shares outstanding plus any potentially dilutive shares not yet issued from share-based compensation plans (see Note 10). There were no other potentially dilutive instruments outstanding as of June 30, 2019 and June 30, 2020. Consequently, all potential dilutive effects from shares are considered. For each period presented, a contract to issue a certain number of shares (i.e. share option, non-employee warrant ("BSA"), restricted share unit ("RSU") or employee warrant ("BSPCE") is assessed as potentially dilutive if it is “in the money” (i.e., the exercise or settlement price is lower than the average market price). Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, Net income attributable to shareholders of Criteo S.A. $ 10,823 $ 5,716 $ 29,943 $ 21,175 Weighted average number of shares outstanding of Criteo S.A. 64,581,476 61,415,467 64,459,867 61,553,875 Dilutive effect of : Restricted share awards ("RSUs") 737,992 247,062 1,027,671 255,685 Share options and BSPCE 274,298 119,516 305,473 136,651 Share warrants 30,739 8,090 40,631 12,288 Weighted average number of shares outstanding used to determine diluted earnings per share 65,624,505 61,790,135 65,833,642 61,958,499 Diluted earnings per share $ 0.16 $ 0.09 $ 0.45 $ 0.34 The weighted average number of securities that were anti-dilutive for diluted EPS for the periods presented but which could potentially dilute EPS in the future are as follows: Three Months Ended Six Months Ended June 30, 2019 June 30, 2020 June 30, 2019 June 30, 2020 Restricted share awards 1,305,872 4,183,514 894,012 3,212,368 Share options and BSPCE 2,795 140,513 34,147 70,257 Weighted average number of anti-dilutive securities excluded from diluted earnings per share 1,308,667 4,324,027 928,159 3,282,625

Commitments and contingencies

Commitments and contingencies	6 Months Ended
	Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and contingencies	Commitments and contingencies Commitments Revolving Credit Facilities "RCF", Credit Line Facilities and Bank Overdrafts As mentioned in Notes 2 and 3, we are party to an RCF with a syndicate of banks which allow us to draw up to an additional €210.0 million ($235.2 million). We are also party to short-term credit lines and overdraft facilities with HSBC plc, BNP Paribas and LCL with an authorization to draw up to a maximum of €21.5 million ($24.1 million) in aggregate under the short-term credit lines and overdraft facilities. As of June 30, 2020, we had not drawn on any of these facilities. Any loans or overdrafts under these short-term facilities bear interest based on the one month EURIBOR rate or three month EURIBOR rate. As these facilities are exclusively short-term credit and overdraft facilities, our banks have the ability to terminate such facilities on short notice. Contingencies Changes in provisions during the presented periods are summarized below: Provision for employee-related litigation Other provisions Total (in thousands) Balance at January 1, 2020 $ 620 $ 5,765 $ 6,385 Increase 91 — 91 Provision used (4) (442) (446) Provision released not used — (1,770) (1,770) Currency translation adjustments 1 (135) (134) Balance at June 30, 2020 $ 708 $ 3,418 $ 4,126 - of which current 708 3,418 4,126 The amount of the provisions represents management’s best estimate of the future outflow.

Breakdown of Revenue and Non-Cu

Breakdown of Revenue and Non-Current Assets by Geographical Areas	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
Breakdown of Revenue and Non-Current Assets by Geographical Areas	Breakdown of Revenue and Non-Current Assets by Geographical Areas The Company operates in the following three geographical markets: • Americas (North and South America); • EMEA (Europe, Middle-East and Africa); and • Asia-Pacific. The following tables disclose our consolidated revenue for each geographical area for each of the reported periods. Revenue by geographical area is based on the location of advertisers’ campaigns. Americas EMEA Asia-Pacific Total For the three months ended: (in thousands) June 30, 2019 $ 213,974 $ 194,359 $ 119,814 $ 528,147 June 30, 2020 $ 185,674 $ 159,621 $ 92,319 $ 437,614 Revenue generated in France, the country of incorporation of the Parent, amounted to $35.2 million and $27.3 for the three months ended June 30, 2019 and 2020, respectively. Americas EMEA Asia-Pacific Total For the six months ended: (in thousands) June 30, 2019 $ 431,967 $ 404,002 $ 250,301 $ 1,086,270 June 30, 2020 $ 377,419 $ 349,735 $ 213,836 $ 940,990 Revenue generated in France amounted to $72.6 million and $59.3 million for the six month ended June 30, 2019 and 2020, respectively. Revenue generated in other significant countries where we operate is presented in the followin g table: Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, (in thousands) Americas United States $ 192,815 $ 169,879 $ 388,606 $ 342,906 EMEA Germany $ 46,998 $ 39,621 $ 100,593 $ 90,239 United Kingdom $ 21,180 $ 20,857 $ 42,948 $ 41,677 Asia-Pacific Japan $ 82,263 $ 67,782 $ 175,431 $ 152,419 As of June 30, 2019 and 2020, our largest client represented 1.4% and 1.1%, respectively, of our consolidated revenue. Other Information For each reported period, non-current assets (corresponding to the net book value of tangible and intangible assets, excluding right of use assets related to lease agreements) are presented in the table below. The geographical information includes results from the locations of legal entities. Of which Of which Holding Americas United States EMEA Asia-Pacific Japan Singapore Total (in thousands) December 31, 2019 $ 136,621 $ 104,389 $ 100,107 $ 20,336 $ 19,701 $ 9,617 $ 5,970 $ 281,047 June 30, 2020 $ 125,403 $ 98,751 $ 98,538 $ 17,016 $ 32,751 $ 20,405 $ 8,460 $ 273,921

Related Parties

Related Parties	6 Months Ended
	Jun. 30, 2020
Related Party Transactions [Abstract]
Related Parties	Related Parties There were no significant related-party transactions during the period nor any change in the nature of the transactions as described in Note 25 to the consolidated financial statements included in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2019 except as follows: On May 15, 2020, the Group announced the appointment of Dave Anderson as the Company’s Interim Chief Financial Officer for a six-month term in replacement of Benoit Fouilland, effective May 18, 2020. During his engagement, Mr. Anderson is also the Company’s Principal Financial Officer and Principal Accounting Officer. Mr. Fouilland departed Criteo on June 30, 2020. The Executive Officers as of June 30, 2020 were: •Megan Clarken - Chief Executive Officer; • Dave Anderson - Interim Chief Financial Officer; and •Ryan Damon - General Counsel and Corporate Secretary.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2020
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Given the ongoing impact that the COVID-19 pandemic is having on the Company's clients' business, it will remain a factor in our analysis of estimates residing in the financial statements, including, but not limited to, estimates related to receivable reserves calculated under the CECL model, the impairment analysis, and the income tax calculation. These estimates involve projections and assumptions regarding the future economic environment and as such it is possible that events may occur rapidly or unexpectedly that could lead to their changes. We will continue to closely monitor the effects of the COVID-19 pandemic, and continuously evaluate its impact on our key estimates. The Company evaluated all other subsequent events that occurred after June 30, 2020 through the date of issuance of the unaudited condensed consolidated financial statements and determined there are no other significant events that require adjustments or disclosures.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The unaudited condensed consolidated financial statements included herein (the "Unaudited Condensed Consolidated Financial Statements") have been prepared by Criteo S.A. pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC"). Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") have been condensed or omitted pursuant to such rules and regulations. However, the Company believes that the disclosures are adequate to make the information presented not misleading. These unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and the notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2019, filed with the SEC on March 2, 2020. The unaudited condensed consolidated financial statements included herein reflect all adjustments (consisting of normal, recurring adjustments) which are, in the opinion of management, necessary to state fairly the results for the interim periods presented. The results of operations for the interim periods presented are not necessarily indicative of the operating results to be expected for any subsequent interim period or for the fiscal year. Conformity with U.S. GAAP requires the use of estimates and judgments that affect the reported amounts of assets, liabilities, revenue and expenses in the condensed consolidated financial statements and accompanying notes. We base our estimates and judgments on historical information and on various other assumptions that we believe are reasonable under the circumstances. Our actual results may differ from these estimates. U.S. GAAP requires us to make estimates and judgments in several areas, including, but not limited to: (1) revenue recognition criteria, (2) allowances for credit losses, (3) research tax credits, (4) income taxes, including i) recognition of deferred tax assets arising from the subsidiaries projected taxable profit for future years, ii) evaluation of uncertain tax positions associated with our transfer pricing policy and iii) recognition of income tax position in respect with tax reforms recently enacted in countries we operate, (5) assumptions used in valuing acquired assets and assumed liabilities in business combinations, (6) assumptions used in the valuation of goodwill, intangible assets and right of use assets - operating lease, and (7) assumptions used in the valuation model to determine the fair value of share-based compensation plan. The ongoing impact of COVID-19 increases uncertainty associated with these estimates, in particular those related to allowance for credit losses, assumptions used in the valuation of goodwill and estimates relating to income taxes.
Recently Issued Accounting Standards	Accounting Pronouncements adopted in 2020 Effective January 1, 2020, we have adopted the Financial Accounting Standards Board ("FASB") Accounting Standards Update ("ASU") No. 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments , which requires the measurement and recognition of expected credit losses for financial assets held at amortized cost. ASU 2016-13 replaces the existing incurred loss impairment model with an expected loss model which requires the use of forward-looking information to calculate credit loss estimates. This results in earlier recognition of credit losses. We measure loss allowances for all trade receivables using the lifetime expected credit loss approach, as described above. The expected credit losses on these financial assets are estimated using a provision matrix based on the Company’s historical credit loss experience, adjusted for factors that are specific to the debtors, general economic conditions and an assessment of both the current as well as the forecast direction of conditions at the reporting date. Effective January 1, 2020, we have adopted ASU 2017-04, Goodwill and Other (Topic 350) . ASU 2017-04 simplifies the subsequent measurement of goodwill and reduces the cost and complexity of evaluating goodwill for impairment. It eliminates the need for entities to calculate the implied fair value of goodwill by assigning the fair value of a reporting unit to all of its assets and liabilities as if that reporting unit had been acquired in a business combination. Under this amendment, an entity will perform its goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An impairment charge is recognized for the amount by which the carrying value exceeds the reporting unit's fair value. The adoption of the ASU did not have an impact on our financial position or results of operations as we did not recognize an impairment loss during the period. Effective January 1, 2020, we have adopted ASU 2018-15, Intangibles - Goodwill and Other - Internal Use Software - Customer’s Accounting for Implementation Costs incurred in a Cloud Computing Arrangement That is a Service Contract . This ASU was issued to clarify the accounting for implementation costs incurred for SaaS agreements. Previously the guidance only referred to development of internal use software and the accounting for SaaS agreements was not clarified. This ASU states that the implementation costs of SaaS agreements should be capitalized. The adoption of the standard did not have an impact on our financial position or results of operations, however, it did have a minor impact on expense classification in current and future periods. Recent Accounting Pronouncements In August 2018, the FASB issued ASU 2018 - 14, Compensation - Retirement Benefits - Defined Benefit Plans - General. The purpose of this update is to modify disclosure requirements for Defined Benefit Plans. It removes requirements to disclose the amounts in accumulated other comprehensive income expected to be recognized as components of net periodic benefit cost over the next fiscal year among others. It adds disclosure requirements for the items such as an explanation of the reasons for significant gains and losses related to changes in the benefit obligation for the period. We intend to adopt the standard on the effective date of January 1, 2021. The adoption of ASU 2018-14 is not expected to have a material impact on our financial position or results of operations but may have an impact on our disclosures. In December 2019, the FASB issued Accounting Standard Update No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes (ASU 2019-12), which simplifies the accounting for income taxes. We intend to adopt the standard on the effective date of January 1, 2021. The adoption of ASU 2019-12 is not expected to have a material impact on our financial position or results of operations but may have an impact on our disclosures. Other accounting standards that have been issued or proposed by the FASB or other standards-setting bodies that do not require adoption until a future date are not expected to have a material impact on the Company’s Consolidated Financial Statements upon adoption.
Revenue	Revenue Recognition We sell personalized display advertisements featuring product-level recommendations either directly to clients or to advertising agencies. Historically, the Criteo model has focused solely on converting our clients' website visitors into customers, enabling us to charge our clients only when users engage with an ad we deliver, usually by clicking on it. More recently, we have expanded our solutions to address a broader range of marketing goals for our clients. We offer two families of solutions to our commerce and brand clients: • Criteo Marketing Solutions allow commerce companies to address multiple marketing goals by engaging their consumers with personalized ads across the web, mobile and offline store environments. • Criteo Retail Media solutions allow retailers to generate advertising revenues from consumer brands, and/or to drive sales for themselves, by monetizing their data and audiences through personalized ads, either on their own digital property or on the open Internet, that address multiple marketing goals. In conjunction with broadening our solutions, we have also started expanding our pricing models to now include a combination of cost-per-install and cost-per-impression for selected new solutions, in addition to cost-per-click. We recognize revenues when we transfer control of promised services directly to our clients or to advertising agencies, which we collectively refer to as our clients, in an amount that reflects the consideration to which we expect to be entitled to in exchange for those services. For campaigns priced on a cost-per-click and cost-per-install basis, we bill our clients when a user clicks on an advertisement we deliver or installs an application by clicking on an advertisement we delivered, respectively. For these pricing models, we recognize revenue when a user clicks on an advertisement or installs an application. For campaigns priced on a cost-per-impression basis, we bill our clients based on the number of times an advertisement is displayed to a user. For this pricing model, we recognize revenue when an advertisement is displayed. We act as principal in our arrangements because (i) we control the advertising inventory (spaces on websites) before it is transferred to our clients; (ii) we bear sole responsibility for fulfillment of the advertising promise and inventory risks and (iii) we have full discretion in establishing prices. Therefore, based on these factors, we report revenue earned and the related costs incurred on a gross basis. Excluding our historical solution for driving Conversion as part of the Criteo Marketing Solutions family (formerly called Criteo Dynamic Retargeting), no individual solution from either the Criteo Marketing Solutions family, nor the Criteo Retail Media family, accounted for more than 10% of total consolidated revenue for the periods presented. Customer Credit Notes We offer credit notes to certain customers as a form of incentive, which are accounted for as variable consideration. We estimate these amounts based on the expected amount to be provided to customers and they are recognized as a reduction of revenue. We believe that there will not be significant changes to our estimates of variable consideration. Deferred Revenues We record deferred revenues when cash payments are received or due in advance of our performance. Our payment terms vary depending on the service or the type of customer. For certain customers, we require payment before the services are delivered. Practical Expedients We do not disclose the value of unsatisfied performance obligations for (i) contracts with an original expected length of one year or less and (ii) contracts for which we recognize revenue at the amount to which we have the right to invoice for services performed. We generally expense sales commissions when incurred because the amortization period would have been one year or less. These costs are recorded within sales and operating expenses.

Significant Events and Transa_2

Significant Events and Transactions of the Period (Tables)	6 Months Ended
	Jun. 30, 2020
Restructuring and Related Activities [Abstract]
Balance of Treasury Shares	As of June 30, 2020, we had 5.6 million treasury shares remaining which may be used to satisfy the Company's obligations under its employee equity plans upon RSU vestings in lieu of issuing new shares, and for M&A activity. Number of Treasury Shares Amount Balance at January 1, 2020 3,903,673 $ 74,900 Treasury Shares Repurchased for RSU Vesting 2,525,492 33,100 Treasury Shares Issued for RSU Vesting (839,757) (17,286) Balance at June 30, 2020 5,589,408 $ 90,714
Schedule of Restructuring Reserve by Type of Cost	The following table summarizes restructuring activities as of June 30, 2020 included in other current liabilities on the balance sheet: Six Months Ended June 30, 2020 (in thousands) Restructuring liability - January 1, 2020 $ 5,581 Restructuring costs 497 Restructuring costs - non cash items — Amount paid (5,030) Restructuring liability - June 30, 2020 1,048 The following table summarizes restructuring activities as of June 30, 2020 included in other current liabilities on the balance sheet: Six Months Ended June 30, 2020 (in thousands) Restructuring liability - January 1, 2020 $ 510 Restructuring costs 1,133 Amount paid (1,529) Restructuring liability - June 30, 2020 114

Financial Instruments (Tables)

Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2020
Fair Value Disclosures [Abstract]
Schedules of concentration of risk	The maximum exposure to credit risk at the end of each reported period is represented by the carrying amount of financial assets and summarized in the following table: December 31, 2019 June 30, 2020 (in thousands) Trade receivables, net of allowance 481,732 329,979 Other taxes 60,924 54,008 Other current assets 17,225 17,306 Non-current financial assets 21,747 19,809 Marketable Securities — 22,396 Total $ 581,628 $ 443,498
Schedule of financial liabilities	December 31, 2019 June 30, 2020 (in thousands) Trade payables $ 390,277 $ 280,626 Other taxes 50,099 44,085 Employee-related payables 74,781 61,963 Other current liabilities 35,886 38,982 Financial liabilities 4,405 159,425 Total $ 555,448 $ 585,081
Schedule of derivative financial instruments	December 31, 2019 June 30, 2020 (in thousands) Derivative Assets: Included in other current assets $ — $ 389 Derivative Liabilities: Included in financial liabilities - current portion $ 1,284 $ —
Schedule of assets and liabilities carried at fair value	December 31, 2019 June 30, 2020 (in thousands) Cash equivalents $ 189,119 $ 174,005 Cash on hand 229,644 404,176 Total cash and cash equivalents $ 418,763 $ 578,181 The following table presents for each reporting period, the breakdown of the fair value of marketable securities: December 31, 2019 June 30, 2020 (in thousands) Term Deposits $ — $ 22,396 Marketable Securities — $ 22,396
Debt Securities, Available-for-sale	The following table classifies our marketable securities by contractual maturities: June 30, 2020 (in thousands) Due in one year $ — Due in one to five years $ 22,396 Total $ 22,396

Trade Receivables (Tables)

Trade Receivables (Tables)	6 Months Ended
	Jun. 30, 2020
Receivables [Abstract]
Schedules of trade receivables net book value and Changes in allowance for doubtful accounts	The following table shows the breakdown in trade receivables net book value for the presented periods: December 31, 2019 June 30, 2020 (in thousands) Trade accounts receivables $ 497,800 $ 363,273 (Less) Allowance for credit losses (16,068) (33,294) Net book value at end of period $ 481,732 $ 329,979 Changes in allowance for credit accounts are summarized below: 2019 2020 (in thousands) Balance at January 1 $ (25,918) $ (16,068) Allowance for credit losses through retained earnings (*) — (3,483) Allowance for credit losses (6,042) (21,040) Reversal of provision 12,318 6,974 Currency translation adjustment 96 323 Balance at June 30 $ (19,546) $ (33,294) (*) From January 1, 2020, we adopted ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments which requires the measurement and recognition of expected credit losses for financial assets held at amortized cost issued by the Financial Accounting Standards Board (FASB). ASU 2016-13 replaces the existing incurred loss impairment model with an expected loss model which requires the use of forward-looking information to calculate credit loss estimates. This results in earlier recognition of credit losses. We adopted ASU 2016-13 effective January 1, 2020 with the cumulative effect of adoption recorded as an adjustment to retained earnings (note 1).

Other Current Assets (Tables)

Other Current Assets (Tables)	6 Months Ended
	Jun. 30, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of other current assets net book value	The following table shows the breakdown in other current assets net book value for the presented periods: December 31, 2019 June 30, 2020 (in thousands) Prepayments to suppliers $ 5,109 $ 5,671 Other debtors 4,225 2,809 Prepaid expenses 7,891 8,437 Derivative instruments — 389 Gross book value at end of period 17,225 17,306 Net book value at end of period $ 17,225 $ 17,306

Intangible Assets and Goodwill

Intangible Assets and Goodwill (Tables)	6 Months Ended
	Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of estimated future amortization expense related to intangible assets	The estimated amortization expense related to intangible assets for the next five years and thereafter is as follows: Software Technology and customer relationships Total (in thousands) From July 1 to December 31, 2020 $ 4,639 $ 5,721 $ 10,360 2021 8,479 11,441 19,920 2022 5,836 11,441 17,277 2023 3,291 10,948 14,239 2024 700 8,700 9,400 Thereafter 61 6,928 6,989 Total $ 23,006 $ 55,179 $ 78,185

Other Current Liabilities (Tabl

Other Current Liabilities (Tables)	6 Months Ended
	Jun. 30, 2020
Other Liabilities Disclosure [Abstract]
Other current liabilities	Other current liabilities are presented in the following table: December 31, 2019 June 30, 2020 (in thousands) Clients' prepayments $ 13,618 $ 10,700 Credit notes 16,420 11,913 Accounts payable relating to capital expenditures 4,408 14,576 Other creditors 1,213 1,718 Deferred revenue 227 75 Total $ 35,886 $ 38,982

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2020
Leases [Abstract]
Components of leases	The components of lease expense are as follows: Three Months Ended June 30, 2019 June 30, 2020 Offices Data Centers Total Offices Data Centers Total (in thousands) Lease expense $ 8,574 $ 6,154 $ 14,728 $ 7,487 $ 6,784 $ 14,271 Short term lease expense 523 525 1,048 (69) (56) (125) Variable lease expense 1,821 239 2,060 4 (428) (424) Sublease income (693) — (693) 26 — 26 Total operating lease expense $ 10,225 $ 6,918 $ 17,143 $ 7,448 $ 6,300 $ 13,748 Six Months Ended June 30, 2019 June 30, 2020 Offices Data Centers Total Offices Data Centers Total (in thousands) Lease expense $ 16,914 $ 11,341 $ 28,255 $ 13,801 $ 13,320 $ 27,121 Short term lease expense 1,448 1,055 2,503 217 — 217 Variable lease expense 1,821 353 2,174 13 88 101 Sublease income (1,769) — (1,769) (176) — (176) Total operating lease expense $ 18,414 $ 12,749 $ 31,163 $ 13,855 $ 13,408 $ 27,263 The weighted average remaining lease term and discount rates as of June 30, 2020 are as follows: June 30, 2019 June 30, 2020 Weighted average remaining lease term (years) Offices 5.19 4.28 Data Centers 2.81 2.61 Weighted average discount rate Offices 2.64 % 2.59 % Data Centers 1.75 % 1.59 % Supplemental cash flow information related to our operating leases is as follows for the three months and six month period ended June 30, 2020: Three Months Ended June 30, 2019 June 30, 2020 (in thousands) Cash paid for amounts included in the measurement of lease liabilities Cash flow for operating activities $ (13,967) $ (12,733) Right of use assets obtained in exchange for new operating lease liabilities $ 594 $ — Six Months Ended June 30, 2019 June 30, 2020 (in thousands) Cash paid for amounts included in the measurement of lease liabilities Cash flow for operating activities $ (27,931) $ (26,781) Right of use assets obtained in exchange for new operating lease liabilities $ 11,520 $ —
Schedule of future minimum lease payments	As of June 30, 2020, we had future minimum lease payments as follows: June 30, 2020 Offices Data Centers Total (in thousands) Remainder of 2020 $ 16,037 $ 12,530 $ 28,567 2021 30,042 19,486 49,528 2022 27,794 10,725 38,519 2023 18,387 4,397 22,784 2024 9,379 2,243 11,622 Thereafter 14,283 375 14,658 Total minimum lease payments 115,922 49,756 165,678 Impact of Discount Rate (7,500) (970) (8,470) Total Lease Liability $ 108,422 $ 48,786 $ 157,208
Additional operating lease liabilities and right of use assets	As of June 30, 2020, we have additional operating leases, that have not yet commenced which will result in additional operating lease liabilities and right of use assets: Offices Data Centers (in thousands) Additional operating lease liabilities $ 12,291 $ 7,864 Additional right of use assets $ 9,380 $ 7,864
Schedule of Restructuring Reserve by Type of Cost	The following table summarizes restructuring activities as of June 30, 2020 included in other current liabilities on the balance sheet: Six Months Ended June 30, 2020 (in thousands) Restructuring liability - January 1, 2020 $ 5,581 Restructuring costs 497 Restructuring costs - non cash items — Amount paid (5,030) Restructuring liability - June 30, 2020 1,048 The following table summarizes restructuring activities as of June 30, 2020 included in other current liabilities on the balance sheet: Six Months Ended June 30, 2020 (in thousands) Restructuring liability - January 1, 2020 $ 510 Restructuring costs 1,133 Amount paid (1,529) Restructuring liability - June 30, 2020 114

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Jun. 30, 2020
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following table presents our revenues disaggregated by geographical area: Americas EMEA Asia-Pacific Total For the three months ended (in thousands) June 30, 2019 $ 213,974 $ 194,359 $ 119,814 $ 528,147 June 30, 2020 $ 185,674 $ 159,621 $ 92,319 $ 437,614 Americas EMEA Asia-Pacific Total For the six months ended (in thousands) June 30, 2019 $ 431,967 $ 404,002 $ 250,301 $ 1,086,270 June 30, 2020 $ 377,419 $ 349,735 $ 213,836 $ 940,990

Share-Based Compensation (Table

Share-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2020
Share-based Payment Arrangement [Abstract]
Disclosure of share-based compensation by share-based payment award	Change in Number of BSPCE/OSA/RSU/BSA OSA/BSPCE RSU/PSU BSA Total Balance at January 1, 2020 2,559,534 4,978,986 363,767 7,902,287 Granted 140,513 1,825,935 — 1,966,448 Exercised (OSA/BSPCE/BSA) (7,700) — — (7,700) Vested (RSU) — (856,938) — (856,938) Forfeited (166,459) (479,370) (12,742) (658,571) Expired (3,600) — — (3,600) Balance at June 30, 2020 2,522,288 5,468,613 351,025 8,341,926 Breakdown of the Closing Balance OSA/BSPCE RSU BSA Number outstanding 2,522,288 5,468,613 351,025 Weighted-average exercise price € 22.02 NA € 14.82 Number vested 1,808,388 NA 165,291 Weighted-average exercise price € 24.24 NA € 17.13 Weighted-average remaining contractual life of options outstanding, in years 5.80 NA 7.15
Schedule of share-based compensation reconciliation with the Consolidated Statements of Income	Reconciliation with the Unaudited Consolidated Statements of Income Three Months Ended June 30, 2019 June 30, 2020 (in thousands) R&D S&O G&A Total R&D S&O G&A Total RSUs $ (3,952) $ (4,669) $ (3,496) $ (12,117) $ (2,068) $ (1,516) $ (2,585) $ (6,169) Share options / BSPCE 624 777 (646) 755 — (56) (579) (635) Total share-based compensation (3,328) (3,892) (4,142) (11,362) (2,068) (1,572) (3,164) (6,804) BSAs — — (351) (351) — — (355) (355) Total equity awards compensation expense $ (3,328) $ (3,892) $ (4,493) $ (11,713) $ (2,068) $ (1,572) $ (3,519) $ (7,159) Six Months Ended June 30, 2019 June 30, 2020 (in thousands) R&D S&O G&A Total R&D S&O G&A Total RSUs $ (7,798) $ (10,624) $ (6,012) $ (24,434) $ (4,438) $ (5,135) $ (4,573) $ (14,146) Share options / BSPCE 445 531 (1,426) (450) (55) (734) (789) Total share-based compensation (7,353) (10,093) (7,438) (24,884) (4,438) (5,190) (5,307) (14,935) BSAs — — (711) (711) — — (727) (727) Total equity awards compensation expense $ (7,353) $ (10,093) $ (8,149) $ (25,595) $ (4,438) $ (5,190) $ (6,034) $ (15,662)

Financial Income and Expenses (

Financial Income and Expenses (Tables)	6 Months Ended
	Jun. 30, 2020
Other Income and Expenses [Abstract]
Schedule of financial income (expense)	The condensed consolidated statements of income line item “Financial income (expense)” can be broken down as follows: Three Months Ended June 30, June 30, (in thousands) Financial income from cash equivalents $ 608 $ 61 Interest and fees (481) (811) Interest on debt (443) (638) Fees (38) (173) Foreign exchange gain (loss) (1,089) (235) Other financial expense (392) (18) Total financial income (expense) $ (1,354) $ (1,003) Six Months Ended June 30, June 30, (in thousands) Financial income from cash equivalents $ 785 $ 443 Interest and fees (1,004) (1,243) Interest on debt (873) (1,018) Fees (131) (225) Foreign exchange gain (loss) (2,687) (496) Other financial expense (422) (41) Total financial income (expense) $ (3,328) $ (1,337)

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Schedule of Provision for income taxes	The condensed consolidated statements of income line item “Provision for income taxes” can be broken down as follows: Six Months Ended June 30, June 30, (in thousands) Current income tax $ (14,365) $ (17,293) Net change in deferred taxes (1,336) 7,617 Provision for income taxes $ (15,701) $ (9,676)

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Schedule of basic earnings per share	Three Months Ended Six Months Ended June 30, 2019 June 30, 2020 June 30, 2019 June 30, 2020 Net income attributable to shareholders of Criteo S.A. $ 10,823 $ 5,716 $ 29,943 $ 21,175 Weighted average number of shares outstanding 64,581,476 61,415,467 64,459,867 61,553,875 Basic earnings per share $ 0.17 $ 0.09 $ 0.46 $ 0.34
Schedule of diluted earnings per share	For each period presented, a contract to issue a certain number of shares (i.e. share option, non-employee warrant ("BSA"), restricted share unit ("RSU") or employee warrant ("BSPCE") is assessed as potentially dilutive if it is “in the money” (i.e., the exercise or settlement price is lower than the average market price). Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, Net income attributable to shareholders of Criteo S.A. $ 10,823 $ 5,716 $ 29,943 $ 21,175 Weighted average number of shares outstanding of Criteo S.A. 64,581,476 61,415,467 64,459,867 61,553,875 Dilutive effect of : Restricted share awards ("RSUs") 737,992 247,062 1,027,671 255,685 Share options and BSPCE 274,298 119,516 305,473 136,651 Share warrants 30,739 8,090 40,631 12,288 Weighted average number of shares outstanding used to determine diluted earnings per share 65,624,505 61,790,135 65,833,642 61,958,499 Diluted earnings per share $ 0.16 $ 0.09 $ 0.45 $ 0.34
Schedule of weighted average number of anti-dilutive securities	The weighted average number of securities that were anti-dilutive for diluted EPS for the periods presented but which could potentially dilute EPS in the future are as follows: Three Months Ended Six Months Ended June 30, 2019 June 30, 2020 June 30, 2019 June 30, 2020 Restricted share awards 1,305,872 4,183,514 894,012 3,212,368 Share options and BSPCE 2,795 140,513 34,147 70,257 Weighted average number of anti-dilutive securities excluded from diluted earnings per share 1,308,667 4,324,027 928,159 3,282,625

Commitments and contingencies (

Commitments and contingencies (Tables)	6 Months Ended
	Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Changes in provisions for contingencies	Changes in provisions during the presented periods are summarized below: Provision for employee-related litigation Other provisions Total (in thousands) Balance at January 1, 2020 $ 620 $ 5,765 $ 6,385 Increase 91 — 91 Provision used (4) (442) (446) Provision released not used — (1,770) (1,770) Currency translation adjustments 1 (135) (134) Balance at June 30, 2020 $ 708 $ 3,418 $ 4,126 - of which current 708 3,418 4,126

Breakdown of Revenue and Non-_2

Breakdown of Revenue and Non-Current Assets by Geographical Areas (Tables)	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
Schedule of consolidated revenue for each geographical area	The following tables disclose our consolidated revenue for each geographical area for each of the reported periods. Revenue by geographical area is based on the location of advertisers’ campaigns. Americas EMEA Asia-Pacific Total For the three months ended: (in thousands) June 30, 2019 $ 213,974 $ 194,359 $ 119,814 $ 528,147 June 30, 2020 $ 185,674 $ 159,621 $ 92,319 $ 437,614 Revenue generated in France, the country of incorporation of the Parent, amounted to $35.2 million and $27.3 for the three months ended June 30, 2019 and 2020, respectively. Americas EMEA Asia-Pacific Total For the six months ended: (in thousands) June 30, 2019 $ 431,967 $ 404,002 $ 250,301 $ 1,086,270 June 30, 2020 $ 377,419 $ 349,735 $ 213,836 $ 940,990 Revenue generated in France amounted to $72.6 million and $59.3 million for the six month ended June 30, 2019 and 2020, respectively.
Schedule of revenue generated in other significant countries	Revenue generated in other significant countries where we operate is presented in the following table: Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, (in thousands) Americas United States $ 192,815 $ 169,879 $ 388,606 $ 342,906 EMEA Germany $ 46,998 $ 39,621 $ 100,593 $ 90,239 United Kingdom $ 21,180 $ 20,857 $ 42,948 $ 41,677 Asia-Pacific Japan $ 82,263 $ 67,782 $ 175,431 $ 152,419
Schedule of non-current assets by geographical area and country	For each reported period, non-current assets (corresponding to the net book value of tangible and intangible assets, excluding right of use assets related to lease agreements) are presented in the table below. The geographical information includes results from the locations of legal entities. Of which Of which Holding Americas United States EMEA Asia-Pacific Japan Singapore Total (in thousands) December 31, 2019 $ 136,621 $ 104,389 $ 100,107 $ 20,336 $ 19,701 $ 9,617 $ 5,970 $ 281,047 June 30, 2020 $ 125,403 $ 98,751 $ 98,538 $ 17,016 $ 32,751 $ 20,405 $ 8,460 $ 273,921

Significant Events and Transa_3

Significant Events and Transactions of the Period - Narrative (Details)	May 04, 2020USD ($)	May 04, 2020EUR (€)	Feb. 08, 2019shares	Jun. 30, 2020USD ($)shares	Jun. 30, 2020USD ($)shares	Jun. 30, 2020EUR (€)shares	Apr. 23, 2020USD ($)	Dec. 31, 2019USD ($)shares	Jul. 26, 2019USD ($)	Dec. 31, 2018shares	Oct. 25, 2018USD ($)
Restructuring Cost and Reserve [Line Items]
Treasury stock (in shares) | shares				5,589,408	5,589,408	5,589,408		3,903,673		3,500,000
Treasury stock, retired (in shares) | shares			1,600,000
Marketable securities				$ 22,396,000	$ 22,396,000			$ 0
Revolving credit facility | Amended RCF To The End Of March 2022 Through March 2023 | Line of Credit [Member]
Restructuring Cost and Reserve [Line Items]
Revolving credit facility, maximum borrowing capacity				329,000,000	329,000,000	€ 294,000,000
Revolving credit facility | Bank Syndicate RCF | Line of Credit [Member]
Restructuring Cost and Reserve [Line Items]
Revolving credit facility, maximum borrowing capacity				235,200,000	235,200,000	210,000,000
Proceeds from lines of credit	$ 156,800,000	€ 140,000,000
Investments [Member]
Restructuring Cost and Reserve [Line Items]
Marketable securities				$ 22,000,000	$ 22,000,000	€ 20,000,000
Interest rate percentage				0.25%	0.25%	0.25%
Closing R&D Operations In Palo Alto
Restructuring Cost and Reserve [Line Items]
Restructuring costs				$ (50,000)	$ (497,000)
New Organization Structure
Restructuring Cost and Reserve [Line Items]
Restructuring costs				(400,000)	(1,133,000)
New Organization Structure | Research and Development expense
Restructuring Cost and Reserve [Line Items]
Restructuring costs				(40,000)	(200,000)
New Organization Structure | Sales and Operations expense
Restructuring Cost and Reserve [Line Items]
Restructuring costs				$ (320,000)	$ (900,000)
American Depositary Shares
Restructuring Cost and Reserve [Line Items]
Authorized amount of share repurchase program							$ 30,000,000		$ 80,000,000		$ 80,000,000
Treasury stock (in shares) | shares								3,200,000

Significant Events and Transa_4

Significant Events and Transactions of the Period - Treasury Shares (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2020
Number of Treasury Shares
Beginning Balance (in shares)		3,903,673		3,500,000	3,903,673
Ending Balance (in shares)	5,589,408				5,589,408
Amount (in thousands of dollars)
Beginning Balance		$ 74,900			$ 74,900
Treasury Shares Repurchased	$ 14,861	$ 18,239
Ending Balance	$ 90,714				$ 90,714
Treasury Stock
Number of Treasury Shares
Beginning Balance (in shares)		3,903,673			3,903,673
Treasury Shares Repurchased (in shares)	(1,055,758)	(629,977)	553,435	1,786,715
Ending Balance (in shares)	5,589,408				5,589,408
Amount (in thousands of dollars)
Beginning Balance		$ 74,900			$ 74,900
Treasury Shares Repurchased	$ 10,880	$ 4,934	$ (12,515)	$ (40,080)
Ending Balance	$ 90,714				$ 90,714
Treasury Shares Repurchased for RSU Vesting
Number of Treasury Shares
Treasury Shares Repurchased (in shares)					2,525,492
Amount (in thousands of dollars)
Treasury Shares Repurchased					$ 33,100
Treasury Shares Issued for RSU Vesting
Number of Treasury Shares
Treasury Shares Issued for RSU Vesting (in shares)					(839,757)
Amount (in thousands of dollars)
Treasury Shares Issued for RSU Vesting					$ (17,286)

Significant Events and Transa_5

Significant Events and Transactions of the Period - Schedule of Restructuring Costs (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2020
Closing R&D Operations In Palo Alto
Restructuring Cost and Reserve [Line Items]
Restructuring costs	$ (50)	$ (497)
New Organization Structure
Restructuring Cost and Reserve [Line Items]
Restructuring costs	$ (400)	$ (1,133)

Significant Events and Transa_6

Significant Events and Transactions of the Period - Summary of Restructuring Reserve (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2020
Closing R&D Operations In Palo Alto
Restructuring Reserve [Roll Forward]
Beginning balance		$ 5,581
Restructuring costs	$ 50	497
Restructuring costs - non cash item		0
Amount paid		(5,030)
Ending balance	1,048	1,048
New Organization Structure
Restructuring Reserve [Roll Forward]
Beginning balance		510
Restructuring costs	400	1,133
Amount paid		(1,529)
Ending balance	$ 114	$ 114

Financial Instruments - Financi

Financial Instruments - Financial Assets and Credit Risk (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Concentration Risk [Line Items]
Maximum exposure	$ 443,498	$ 581,628
Trade receivables, net of allowance
Concentration Risk [Line Items]
Maximum exposure	329,979	481,732
Other taxes
Concentration Risk [Line Items]
Maximum exposure	54,008	60,924
Other current assets
Concentration Risk [Line Items]
Maximum exposure	17,306	17,225
Non-current financial assets
Concentration Risk [Line Items]
Maximum exposure	$ 19,809	$ 21,747

Financial Instruments - Finan_2

Financial Instruments - Financial Liabilities (Details) - Fair value - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trade payables	$ 280,626	$ 390,277
Other taxes	44,085	50,099
Employee-related payables	61,963	74,781
Other current liabilities	38,982	35,886
Financial liabilities	159,425	4,405
Total	$ 585,081	$ 555,448

Financial Instruments - Derivat

Financial Instruments - Derivative Financial Instruments (Details) - Fair Value, Inputs, Level 2 - Fair value - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Derivative Assets:
Included in other current assets	$ 389	$ 0
Derivative Liabilities:
Included in financial liabilities - current portion	$ 0	$ 1,284

Financial Instruments - Cash an

Financial Instruments - Cash and Cash Equivalents (Details) - Fair Value, Inputs, Level 2 - Fair value - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	$ 578,181	$ 418,763
Cash equivalents
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	174,005	189,119
Cash on hand
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	$ 404,176	$ 229,644

Financial Instruments - Narrati

Financial Instruments - Narrative (Details)	May 04, 2020USD ($)	May 04, 2020EUR (€)	Jun. 30, 2020USD ($)	Dec. 31, 2019USD ($)	Jun. 30, 2020EUR (€)	Jan. 01, 2020USD ($)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net change in allowance for credit losses			$ 17,200,000	$ 9,900,000
Retained earnings			$ 452,247,000	451,725,000
Line of credit facility, cost expressed as a percentage of extended amount			0.025%
Accounting Standards Update [Extensible List]			us-gaap:AccountingStandardsUpdate201613Member
Marketable securities			$ 22,396,000	$ 0
Investments [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Marketable securities			$ 22,000,000		€ 20,000,000
Interest rate percentage			0.25%		0.25%
RCF | Amended RCF Through March 2022 | Revolving credit facility
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Revolving credit facility, maximum borrowing capacity			$ 392,000,000		€ 350,000,000
RCF | Amended RCF To The End Of March 2022 Through March 2023 | Revolving credit facility
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Revolving credit facility, maximum borrowing capacity			329,000,000		294,000,000
RCF | Bank Syndicate RCF | Revolving credit facility
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Revolving credit facility, maximum borrowing capacity			$ 235,200,000		€ 210,000,000
Proceeds from lines of credit	$ 156,800,000	€ 140,000,000
Cumulative Effect, Period Of Adoption, Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Retained earnings						$ 3,500,000

Financial Instruments - Fair Va

Financial Instruments - Fair Value of Marketable Securities (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Marketable securities	$ 22,396	$ 0
Fair value | Term Deposits
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Marketable securities	$ 22,396	$ 0

Financial Instruments - Marketa

Financial Instruments - Marketable Securities Maturities (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Fair Value Disclosures [Abstract]
Due in one year	$ 0
Due in one to five years	22,396
Marketable securities	$ 22,396	$ 0

Trade Receivables - Breakdown i

Trade Receivables - Breakdown in Trade Receivables (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019	Dec. 31, 2018
Receivables [Abstract]
Trade accounts receivables	$ 363,273	$ 497,800
(Less) Allowance for credit losses	(33,294)	(16,068)	$ (19,546)	$ (25,918)
Net book value at end of period	$ 329,979	$ 481,732

Trade Receivables - Allowance f

Trade Receivables - Allowance for Doubtful Accounts Rollforward (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
January 1	$ (16,068)	$ (25,918)
Allowance for credit losses through retained earnings	(21,040)	(6,042)
Reversal of provision	6,974	12,318
Currency translation adjustment	323	96
June 30	(33,294)	(19,546)
Retained Earnings
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Allowance for credit losses through retained earnings	$ (3,483)	$ 0

Trade Receivables - Narrative (

Trade Receivables - Narrative (Details) $ in Millions	6 Months Ended
	Jun. 30, 2020USD ($)
Receivables [Abstract]
Accounts receivable, allowance for credit loss, recovery	$ 2.3

Other Current Assets (Details)

Other Current Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepayments to suppliers	$ 5,671	$ 5,109
Other debtors	2,809	4,225
Prepaid expenses	8,437	7,891
Derivative instruments	389	0
Gross book value at end of period	17,306	17,225
Net book value at end of period	$ 17,306	$ 17,225

Intangible Assets and Goodwil_2

Intangible Assets and Goodwill (Details) $ in Thousands	Jun. 30, 2020USD ($)
Estimated Amortization Expense Maturity
From July 1 to December 31, 2020	$ 10,360
2021	19,920
2022	17,277
2023	14,239
2024	9,400
Thereafter	6,989
Total	78,185
Software
Estimated Amortization Expense Maturity
From July 1 to December 31, 2020	4,639
2021	8,479
2022	5,836
2023	3,291
2024	700
Thereafter	61
Total	23,006
Technology and customer relationships
Estimated Amortization Expense Maturity
From July 1 to December 31, 2020	5,721
2021	11,441
2022	11,441
2023	10,948
2024	8,700
Thereafter	6,928
Total	$ 55,179

Other Current Liabilities (Deta

Other Current Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Other Liabilities Disclosure [Abstract]
Clients' prepayments	$ 10,700	$ 13,618
Credit notes	11,913	16,420
Accounts payable relating to capital expenditures	14,576	4,408
Other creditors	1,718	1,213
Deferred revenue	75	227
Total	$ 38,982	$ 35,886

Leases - Components of Lease Ex

Leases - Components of Lease Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Lessee, Lease, Description [Line Items]
Lease expense	$ 14,271	$ 14,728	$ 27,121	$ 28,255
Short term lease expense	(125)	1,048	217	2,503
Variable lease expense	(424)	2,060	101	2,174
Sublease income	26	(693)	(176)	(1,769)
Total operating lease expense	13,748	17,143	27,263	31,163
Offices
Lessee, Lease, Description [Line Items]
Lease expense	7,487	8,574	13,801	16,914
Short term lease expense	(69)	523	217	1,448
Variable lease expense	4	1,821	13	1,821
Sublease income	26	(693)	(176)	(1,769)
Total operating lease expense	7,448	10,225	13,855	18,414
Data Centers
Lessee, Lease, Description [Line Items]
Lease expense	6,784	6,154	13,320	11,341
Short term lease expense	(56)	525	0	1,055
Variable lease expense	(428)	239	88	353
Sublease income	0	0	0	0
Total operating lease expense	$ 6,300	$ 6,918	$ 13,408	$ 12,749

Leases - Future Minimum Lease P

Leases - Future Minimum Lease Payments (Details) $ in Thousands	Jun. 30, 2020USD ($)
Lessee, Lease, Description [Line Items]
Remainder of 2020	$ 28,567
2021	49,528
2022	38,519
2023	22,784
2024	11,622
Thereafter	14,658
Total minimum lease payments	165,678
Impact of Discount Rate	(8,470)
Total Lease Liability	157,208
Offices
Lessee, Lease, Description [Line Items]
Remainder of 2020	16,037
2021	30,042
2022	27,794
2023	18,387
2024	9,379
Thereafter	14,283
Total minimum lease payments	115,922
Impact of Discount Rate	(7,500)
Total Lease Liability	108,422
Data Centers
Lessee, Lease, Description [Line Items]
Remainder of 2020	12,530
2021	19,486
2022	10,725
2023	4,397
2024	2,243
Thereafter	375
Total minimum lease payments	49,756
Impact of Discount Rate	(970)
Total Lease Liability	$ 48,786

Leases - Weighted Average Remai

Leases - Weighted Average Remaining Lease Term and Discount Rates (Details)	Jun. 30, 2020	Jun. 30, 2019
Offices
Weighted average remaining lease term (years)
Weighted average remaining lease term (years)	4 years 3 months 10 days	5 years 2 months 8 days
Weighted average discount rate
Weighted average discount rate	2.59%	2.64%
Data Centers
Weighted average remaining lease term (years)
Weighted average remaining lease term (years)	2 years 7 months 9 days	2 years 9 months 21 days
Weighted average discount rate
Weighted average discount rate	1.59%	1.75%

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Cash Flow, Operating Activities, Lessee [Abstract]
Cash flow for operating activities	$ (12,733)	$ (13,967)	$ (26,781)	$ (27,931)
Right of use assets obtained in exchange for new operating lease liabilities	$ 0	$ 594	$ 0	$ 11,520

Leases - Additional Operating L

Leases - Additional Operating Leases and Right of Use Assets (Details) $ in Thousands	Jun. 30, 2020USD ($)
Offices
Lessee, Lease, Description [Line Items]
Additional operating lease liabilities	$ 12,291
Additional right of use assets	9,380
Data Centers
Lessee, Lease, Description [Line Items]
Additional operating lease liabilities	7,864
Additional right of use assets	$ 7,864

Revenue (Details)

Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Disaggregation of Revenue [Line Items]
Revenue	$ 437,614	$ 528,147	$ 940,990	$ 1,086,270
Americas
Disaggregation of Revenue [Line Items]
Revenue	185,674	213,974	377,419	431,967
EMEA
Disaggregation of Revenue [Line Items]
Revenue	159,621	194,359	349,735	404,002
Asia-Pacific
Disaggregation of Revenue [Line Items]
Revenue	$ 92,319	$ 119,814	$ 213,836	$ 250,301

Share-Based Compensation - Narr

Share-Based Compensation - Narrative (Details) - shares	Jun. 22, 2020	Apr. 23, 2020	Mar. 02, 2020	Jun. 30, 2020
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)				1,825,935
RSUs | Plan 12
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)	1,626,850	72,411	40,240
RSUs | Plan 12 | Management
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)			43,217
PSUs | Plan 12 | Management
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)			43,217
OSAs | Management
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, options (in shares)		140,513

Share-Based Compensation - Chan

Share-Based Compensation - Change in Number of BSPCE/OSA/RSU/BSA (Details)	6 Months Ended
	Jun. 30, 2020shares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments [Roll Forward]
Beginning balance (in shares)	7,902,287
Granted (in shares)	1,966,448
Exercised (in shares)	(7,700)
Vested (in shares)	(856,938)
Forfeited (in shares)	(658,571)
Expired (in shares)	(3,600)
Ending balance (in shares)	8,341,926
OSA/BSPCE
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Beginning balance, options (in shares)	2,559,534
Granted, options (in shares)	140,513
Exercised, options (in shares)	(7,700)
Vested, options (in shares)	0
Forfeited, options (in shares)	(166,459)
Expired, options (in shares)	(3,600)
Ending balance, options (in shares)	2,522,288
RSU/PSU
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Beginning balance (in shares)	4,978,986
Granted (in shares)	1,825,935
Exercised (in shares)	0
Vested (in shares)	(856,938)
Forfeited (in shares)	(479,370)
Expired (in shares)	0
Ending balance (in shares)	5,468,613
BSAs
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Beginning balance, options (in shares)	363,767
Granted, options (in shares)	0
Exercised, options (in shares)	0
Vested, options (in shares)	0
Forfeited, options (in shares)	(12,742)
Expired, options (in shares)	0
Ending balance, options (in shares)	351,025

Share-Based Compensation - Brea

Share-Based Compensation - Breakdown of the Closing Balance (Details) - € / shares	6 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
OSA/BSPCE
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number outstanding, options (in shares)	2,522,288	2,559,534
Weighted-average exercise price, options (in Euro per share)	€ 22.02
Number vested, options (in shares)	1,808,388
Weighted-average exercise price, options (in Euro per share)	€ 24.24
Weighted-average remaining contractual life of options outstanding	5 years 9 months 18 days
RSU/PSU
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number outstanding (in shares)	5,468,613	4,978,986
BSAs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number outstanding, options (in shares)	351,025	363,767
Weighted-average exercise price, options (in Euro per share)	€ 14.82
Number vested, options (in shares)	165,291
Weighted-average exercise price, options (in Euro per share)	€ 17.13
Weighted-average remaining contractual life of options outstanding	7 years 1 month 24 days

Share-Based Compensation - Shar

Share-Based Compensation - Share-based compensation expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based compensation expense	$ (6,804)	$ (11,362)	$ (14,935)	$ (24,884)
Total equity awards compensation expense	(7,159)	(11,713)	(15,662)	(25,595)
R&D
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based compensation expense	(2,068)	(3,328)	(4,438)	(7,353)
Total equity awards compensation expense	(2,068)	(3,328)	(4,438)	(7,353)
S&O
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based compensation expense	(1,572)	(3,892)	(5,190)	(10,093)
Total equity awards compensation expense	(1,572)	(3,892)	(5,190)	(10,093)
G&A
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based compensation expense	(3,164)	(4,142)	(5,307)	(7,438)
Total equity awards compensation expense	(3,519)	(4,493)	(6,034)	(8,149)
RSUs
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based compensation expense	(6,169)	(12,117)	(14,146)	(24,434)
RSUs | R&D
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based compensation expense	(2,068)	(3,952)	(4,438)	(7,798)
RSUs | S&O
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based compensation expense	(1,516)	(4,669)	(5,135)	(10,624)
RSUs | G&A
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based compensation expense	(2,585)	(3,496)	(4,573)	(6,012)
Share options / BSPCE
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based compensation expense	(635)	755	(789)	(450)
Share options / BSPCE | R&D
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based compensation expense	0	624		445
Share options / BSPCE | S&O
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based compensation expense	(56)	777	(55)	531
Share options / BSPCE | G&A
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based compensation expense	(579)	(646)	(734)	(1,426)
BSAs
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Issuance of Stock and Warrants for Services or Claims	(355)	(351)	(727)	(711)
BSAs | R&D
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Issuance of Stock and Warrants for Services or Claims	0	0	0	0
BSAs | S&O
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Issuance of Stock and Warrants for Services or Claims	0	0	0	0
BSAs | G&A
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Issuance of Stock and Warrants for Services or Claims	$ (355)	$ (351)	$ (727)	$ (711)

Financial Income and Expenses -

Financial Income and Expenses - Financial income (expense) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Other Income and Expenses [Abstract]
Financial income from cash equivalents	$ 61	$ 608	$ 443	$ 785
Interest and fees	(811)	(481)	(1,243)	(1,004)
Interest on debt	(638)	(443)	(1,018)	(873)
Fees	(173)	(38)	(225)	(131)
Foreign exchange gain (loss)	(235)	(1,089)	(496)	(2,687)
Other financial expense	(18)	(392)	(41)	(422)
Total financial income (expense)	$ (1,003)	$ (1,354)	$ (1,337)	$ (3,328)

Financial Income and Expenses_2

Financial Income and Expenses - Narrative (Details) $ in Thousands, € in Millions	May 04, 2020USD ($)	May 04, 2020EUR (€)	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)
Other Income and Expenses [Abstract]
Financial income (expense)			$ 1,003	$ 1,354	$ 1,337	$ 3,328
Revolving credit facility | Bank Syndicate RCF | Line of Credit [Member]
Debt Instrument [Line Items]
Proceeds from lines of credit	$ 156,800	€ 140

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Income Tax Disclosure [Abstract]
Current income tax			$ (17,293)	$ (14,365)
Net change in deferred taxes	$ 4,939	$ (7,252)	7,617	(1,336)
Provision for income taxes	$ (2,636)	$ (5,683)	$ (9,676)	$ (15,701)

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Millions	Sep. 27, 2017	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Income Tax Examination [Line Items]
Estimated tax rate				30.00%	30.00%
Effective tax rate		30.00%	32.00%
Internal Revenue Service (IRS)
Income Tax Examination [Line Items]
Estimate of possible loss	$ 15

Earnings Per Share - Basic (Det

Earnings Per Share - Basic (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Earnings Per Share [Abstract]
Net income attributable to shareholders of Criteo S.A.	$ 5,716	$ 10,823	$ 21,175	$ 29,943
Weighted average number of shares outstanding (in shares)	61,415,467	64,581,476	61,553,875	64,459,867
Basic earnings per share (in USD per share)	$ 0.09	$ 0.17	$ 0.34	$ 0.46

Earnings Per Share - Diluted (D

Earnings Per Share - Diluted (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Earnings Per Share [Abstract]
Net income attributable to shareholders of Criteo S.A.	$ 5,716	$ 10,823	$ 21,175	$ 29,943
Weighted average number of shares outstanding (in shares)	61,415,467	64,581,476	61,553,875	64,459,867
Dilutive effect of :
Restricted share awards (RSU's) (in shares)	247,062	737,992	255,685	1,027,671
Share options and (BSPCEs) (in shares)	119,516	274,298	136,651	305,473
Share warrants (in shares)	8,090	30,739	12,288	40,631
Weighted average number of shares outstanding used to determine diluted earnings per share (in shares)	61,790,135	65,624,505	61,958,499	65,833,642
Diluted earnings per share (in USD per share)	$ 0.09	$ 0.16	$ 0.34	$ 0.45

Earnings Per Share - Anti-Dilut

Earnings Per Share - Anti-Dilutive Securities (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted average number of anti-dilutive securities excluded from diluted earnings per share (in shares)	4,324,027	1,308,667	3,282,625	928,159
Restricted share awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted average number of anti-dilutive securities excluded from diluted earnings per share (in shares)	4,183,514	1,305,872	3,212,368	894,012
Share options / BSPCE
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted average number of anti-dilutive securities excluded from diluted earnings per share (in shares)	140,513	2,795	70,257	34,147

Commitments and contingencies -

Commitments and contingencies - Commitments (Details) - Jun. 30, 2020 - Revolving credit facility - RCF	EUR (€)	USD ($)
Bank Syndicate RCF
Debt Instrument [Line Items]
Revolving credit facility, maximum borrowing capacity	€ 210,000,000	$ 235,200,000
HSBC and LCL Facilities
Debt Instrument [Line Items]
Revolving credit facility, maximum borrowing capacity	€ 21,500,000	$ 24,100,000

Commitments and contingencies_2

Commitments and contingencies - Contingencies (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2020USD ($)
Loss Contingency Accrual [Roll Forward]
Contingencies accrual, beginning balance	$ 6,385
Increase	91
Provision used	(446)
Provision released not used	(1,770)
Currency translation adjustments	(134)
Contingencies accrual, ending balance	4,126
Contingencies accrual, of which current	4,126
Provision for employee-related litigation
Loss Contingency Accrual [Roll Forward]
Contingencies accrual, beginning balance	620
Increase	91
Provision used	(4)
Provision released not used	0
Currency translation adjustments	1
Contingencies accrual, ending balance	708
Contingencies accrual, of which current	708
Other provisions
Loss Contingency Accrual [Roll Forward]
Contingencies accrual, beginning balance	5,765
Increase	0
Provision used	(442)
Provision released not used	(1,770)
Currency translation adjustments	(135)
Contingencies accrual, ending balance	3,418
Contingencies accrual, of which current	$ 3,418

Breakdown of Revenue and Non-_3

Breakdown of Revenue and Non-Current Assets by Geographical Areas - Narrative (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020USD ($)market	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)market	Jun. 30, 2019USD ($)
Revenues from External Customers and Long-Lived Assets [Line Items]
Number of geographical markets | market	3		3
Revenue	$ 437,614	$ 528,147	$ 940,990	$ 1,086,270
Sales Revenue, Net | Customer Concentration Risk
Revenues from External Customers and Long-Lived Assets [Line Items]
Concentration risk, percentage			1.10%	1.40%
France
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 27,300	$ 35,200	$ 59,300	$ 72,600

Breakdown of Revenue and Non-_4

Breakdown of Revenue and Non-Current Assets by Geographical Areas - Revenue by Geographical Area (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 437,614	$ 528,147	$ 940,990	$ 1,086,270
Americas
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	185,674	213,974	377,419	431,967
EMEA
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	159,621	194,359	349,735	404,002
Asia-Pacific
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 92,319	$ 119,814	$ 213,836	$ 250,301

Breakdown of Revenue and Non-_5

Breakdown of Revenue and Non-Current Assets by Geographical Areas - Revenue by Significant Other Countries (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 437,614	$ 528,147	$ 940,990	$ 1,086,270
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	169,879	192,815	342,906	388,606
Germany
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	39,621	46,998	90,239	100,593
United Kingdom
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	20,857	21,180	41,677	42,948
Japan
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 67,782	$ 82,263	$ 152,419	$ 175,431

Breakdown of Revenue and Non-_6

Breakdown of Revenue and Non-Current Assets by Geographical Areas - Other Information (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Revenues from External Customers and Long-Lived Assets [Line Items]
Non-current assets	$ 273,921	$ 281,047
Americas
Revenues from External Customers and Long-Lived Assets [Line Items]
Non-current assets	98,751	104,389
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Non-current assets	98,538	100,107
EMEA
Revenues from External Customers and Long-Lived Assets [Line Items]
Non-current assets	17,016	20,336
Asia-Pacific
Revenues from External Customers and Long-Lived Assets [Line Items]
Non-current assets	32,751	19,701
Japan
Revenues from External Customers and Long-Lived Assets [Line Items]
Non-current assets	20,405	9,617
Singapore
Revenues from External Customers and Long-Lived Assets [Line Items]
Non-current assets	8,460	5,970
Holding
Revenues from External Customers and Long-Lived Assets [Line Items]
Non-current assets	$ 125,403	$ 136,621