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Item 3 — Quantitative and Qualitative Disclosures About Market Risk
Criteo S.a. · 10-Q · Q2 FY2026 · Period ended Jun 30, 2026
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Market Risk
We are mainly exposed to foreign currency exchange rate fluctuations. There have been no material changes to our exposure to market risk during the six months ended June 30, 2026.
For a description of our foreign exchange risk, please see "Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations - B. Liquidity and Capital Resources" in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025.
A hypothetical 10% increase or decrease of the Pound Sterling, the Brazilian real, the Japanese yen or the Euro against the U.S. dollar would have impacted the Condensed Consolidated Statements of Income as follows:
Six Months Ended
June 30, 2026 June 30, 2025
(in thousands)
GBP/USD +10% -10% +10% -10%
Net income (loss) impact $ 132 $ (132) $ 298 $ (298)
Six Months Ended
June 30, 2026 June 30, 2025
(in thousands)
BRL/USD +10% -10% +10% -10%
Net income (loss) impact $ 29 $ (29) $ 77 $ (77)
Six Months Ended
June 30, 2026 June 30, 2025
(in thousands)
JPY/USD +10% -10% +10% -10%
Net income (loss) impact $ 389 $ (389) $ 4,857 $ (4,857)
Six Months Ended
June 30, 2026 June 30, 2025
(in thousands)
EUR/USD +10% -10% +10% -10%
Net income (loss) impact $ (427) $ 427 $ (1,335) $ 1,335
Credit Risk and Trade Receivables
For a description of our trade receivables, please see "Note 5. Trade Receivables" in the Notes to the Unaudited Condensed Consolidated Financial Statements.
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