UPLOAD Filing
Criteo S.A.
Date: June 25, 2025 · CIK: 0001576427 · Accession: 0000000000-25-006669
AI Filing Summary & Sentiment
Reasoning
File numbers found in text: 001-36153
Letter
Re: Criteo S.A. Form 10-K for Fiscal Year Ended December 31, 2024 Form 10-Q for Fiscal Quarter Ended March 31, 2025 File No. 001-36153 Dear Sarah Glickman:
June 25, 2025
Sarah Glickman Chief Financial Officer Criteo S.A. 32 Rue Blanche Paris, France 75009
We have limited our review of your filing to the financial statements and related disclosures and have the following comment(s).
Please respond to this letter within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe a comment applies to your facts and circumstances, please tell us why in your response.
After reviewing your response to this letter, we may have additional comments.
Form 10-Q for the Fiscal Quarter Ended March 31, 2025 Note 16. Subsequent Events , page 24
1. We note your largest customer notified you that they will curtail the scope of services to be provided commencing November 1, 2025, which will reduce the expected revenue from that date onwards. For context please revise to disclose an estimate of its financial effect or a statement that such an estimate cannot be made. Please refer to ASC 855-10-50-2b for further guidance. Form 10-K for Fiscal Year Ended December 31, 2024 Index to Consolidated Financial Statements Note 4. Segment Information, page F-21
2. You disclose the CODM "only reviews revenues and corresponding TAC for each segment, and does not regularly review any other expense nor financial information for our two segments. The significant expense principal is based on expense information regularly provided to (or easily computed by) the CODM, whether the June 25, 2025 Page 2
CODM reviews that information or not. Please tell us whether segment expense information regularly provided to the CODM consists only of TAC. If so, please revise to state that the only significant segment expense provided to the CODM is TAC. If not, tell us your consideration of the requirements of ASC 280-10-50-26A and 55-15A. In closing, we remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff.
Please contact Aamira Chaudhry at 202-551-3389 or Amy Geddes at 202-551-3304 with any questions.
Sincerely,
Division of
Corporation Finance
Office of Trade &
Services
Show Raw Text
<DOCUMENT> <TYPE>TEXT-EXTRACT <SEQUENCE>2 <FILENAME>filename2.txt <TEXT> June 25, 2025 Sarah Glickman Chief Financial Officer Criteo S.A. 32 Rue Blanche Paris, France 75009 Re: Criteo S.A. Form 10-K for Fiscal Year Ended December 31, 2024 Form 10-Q for Fiscal Quarter Ended March 31, 2025 File No. 001-36153 Dear Sarah Glickman: We have limited our review of your filing to the financial statements and related disclosures and have the following comment(s). Please respond to this letter within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe a comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this letter, we may have additional comments. Form 10-Q for the Fiscal Quarter Ended March 31, 2025 Note 16. Subsequent Events , page 24 1. We note your largest customer notified you that they will curtail the scope of services to be provided commencing November 1, 2025, which will reduce the expected revenue from that date onwards. For context please revise to disclose an estimate of its financial effect or a statement that such an estimate cannot be made. Please refer to ASC 855-10-50-2b for further guidance. Form 10-K for Fiscal Year Ended December 31, 2024 Index to Consolidated Financial Statements Note 4. Segment Information, page F-21 2. You disclose the CODM "only reviews revenues and corresponding TAC for each segment, and does not regularly review any other expense nor financial information for our two segments. The significant expense principal is based on expense information regularly provided to (or easily computed by) the CODM, whether the June 25, 2025 Page 2 CODM reviews that information or not. Please tell us whether segment expense information regularly provided to the CODM consists only of TAC. If so, please revise to state that the only significant segment expense provided to the CODM is TAC. If not, tell us your consideration of the requirements of ASC 280-10-50-26A and 55-15A. In closing, we remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. Please contact Aamira Chaudhry at 202-551-3389 or Amy Geddes at 202-551-3304 with any questions. Sincerely, Division of Corporation Finance Office of Trade & Services </TEXT> </DOCUMENT>