Criteo S.A. (NASDAQ: CRTO) reported Q4 EPS of $0.98, $0.22 better than the analyst estimate of $0.76. Revenue for the quarter came in at $253 million versus the consensus estimate of $228.47 million.

Fiscal year 2021 guidance:

We are targeting low to mid-single digit growth in Revenue ex-TAC at constant-currency.
We expect an Adjusted EBITDA margin above 30% of Revenue ex-TAC.

First quarter 2021 guidance:

We expect Revenue ex-TAC to be around $200 million, implying constant-currency decline of about 4% year-over-year.
We expect Adjusted EBITDA to be above $60 million.

The above guidance for the first quarter and the fiscal year ending December 31, 2021 assumes the following exchange rates for the main currencies impacting our business: a U.S. dollar-euro rate of 0.847, a U.S. dollar-Japanese Yen rate of 108, a U.S. dollar-British pound rate of 0.76, a U.S. dollar-Korean Won rate of 1,200 and a U.S. dollar-Brazilian real rate of 5.7.

The above guidance assumes no acquisitions are completed during the first quarter ending March 31, 2021 and fiscal year ended December 31, 2021.

Reconciliation of Revenue ex-TAC and Adjusted EBITDA guidance to the closest corresponding U.S. GAAP measure is not available without unreasonable efforts on a forward-looking basis due to the high variability, complexity and low visibility with respect to the charges excluded from these non-GAAP measures; in particular, the measures and effects of equity awards compensation expense specific to equity compensation awards that are directly impacted by unpredictable fluctuations in our share price. The variability of the above charges could potentially have a significant impact on our future U.S. GAAP financial results.

For earnings history and earnings-related data on Criteo S.A. (CRTO) click here.