We continue to grow the profiles in our database and we are actively onboarding top regional grocers with a line of sight to 100 million profiles and we believe we have the scale to be relevant to CPG customers. Alexis DeSieno Thank you, Karim. We are pleased with our financial results for the first quarter driven by strength in redemptions, which indicates that our product initiatives are working as well as the material improvement to our balance sheet. Turning briefly to segment results. U.S. revenue incr ...

Depreciation and amortization expense includes depreciation of property and equipment over the estimated useful life of the applicable asset as well as amortization of acquired intangible assets, deferred patent costs and capitalized internal-use software development costs. Interest expense, net consists of interest incurred on our debt facilities, as well as related discount amortization and financing costs, partially offset by interest income on our cash balances. Foreign Currency (Loss) Gain Foreign curr ...

Exhibit 99.1 Key Metrics • Cardlytics MAUs were 168.5 million, an increase of 7% year-over-year, compared to 158.1 million in the first quarter of 2023. • Cardlytics ARPU was $0.40 compared to $0.41 in the first quarter of 2023. Definitions of MAUs and ARPU are included below under the caption "Non-GAAP Measures and Other Performance Metrics." Cardlytics anticipates Billings, Revenue, Adjusted Contribution and Adjusted EBITDA to be in the following ranges (in millions, except for percentage change rates): 2 ...

ATLANTA, April 09, 2024 (GLOBE NEWSWIRE) -- Cardlytics, Inc. (NASDAQ:CDLX), a digital advertising platform, is excited to announce the appointment of Liane Hornsey to its Board of Directors. In connection with her appointment to the Board of Directors, Hornsey was also appointed to the Board's Compensation Committee, and she will assume the role of Compensation Committee Chairperson upon Cardlytics' upcoming Annual Meeting of Stockholders in May 2024. Hornsey, who is currently Executive Vice President and A ...

The business is stabilizing, but it's still working through past mistakes.Shares of advertising-technology (adtech) company Cardlytics (CDLX -5.60%) skyrocketed 74.8% in March, according to data provided by S&P Global Market Intelligence. Investors had disregarded this company's prospects entirely. But its latest financial report surprisingly showed modest growth and improved financials.Cardlytics' partners are financial institutions, and the company's software helps these companies manage loyalty and rewar ...

Shares of advertising technology (adtech) company Cardlytics (CDLX 50.28%) absolutely skyrocketed on Friday after reporting its financial results for the fourth quarter of 2023. As of 10:15 a.m. ET, Cardlytics stock is up 51% and up more than 240% over the past year.Cardlytics is bucking the market's narrativeFor Cardlytics, I believe the market was overly pessimistic about its long-term prospects. For perspective, the stock traded at book value earlier this year -- highly unusual for a tech stock. And prio ...

Leading digital advertising and financial technology company, Cardlytics (NASDAQ:CDLX), reported its fourth-quarter results after market closing yesterday. Although the company missed analysts’ EPS and revenue expectations by $0.03 and $0.35 million, respectively, its stock jumped over 37% post-market buoyed by optimistic guidance for Q1 2024.From bullish peaks to bearish strugglesCopy link to sectionFollowing a remarkable bull run between 2019 and 2020 that saw the stock reach highs above $160 in early 202 ...

Financial Data and Key Metrics - The company generated $453.4 million in billings in 2023, representing 2% growth YoY, and $309.2 million in revenue, up 4% YoY [41] - Adjusted EBITDA was positive for the first time since 2019 at $3.8 million, nearly $50 million better than in 2022 [41] - Q4 billings reached $131.9 million, a 5% increase YoY, driven by success in everyday spend and travel categories [42] - Q4 revenue was $89.2 million, up 8% YoY, partially due to a one-time revenue-related benefit of $2.2 million [42] - Adjusted contribution in Q4 increased 18% to $47.3 million, with a margin of 53% compared to 48% a year ago [43] - Free cash flow for the year improved by nearly $55 million compared to 2022, though Q4 free cash flow was negative $0.8 million [45] - Adjusted EBITDA exceeded guidance at positive $10 million in Q4, the largest in the company's history [22] Business Line Performance - The U.S. revenue increased 8% YoY, while the U.K. showed growth for the first time in several quarters at 4% [21] - The restaurant category turned slightly positive in Q4, with efforts to rebuild the sales team beginning to pay off [42] - Bridge, the company's retail media and data network, was profitable for the third consecutive quarter [22] - Bridge revenue grew 12% in Q4 due to an existing customer expanding its contract and a new large restaurant joining the platform [66] - The company signed a new large bank partner in the U.S., with promising discussions ongoing with additional banks in the U.S. and U.K. [9] Market Performance - The company re-signed Lloyds to a three-year contract and implemented an auto-enrollment program, which has allowed the sales team to sell and deliver larger budgets [21] - The company's new technology, ADE (Ads Decision Engine), has seen 80% of the network traffic now on AWS, with 40% on the latest version [11] - Banks on ADE have seen a 23% increase in redemption rates compared to a 9% increase across the whole network [11] - The company's Ripple platform has attracted leading retailers like Wegmans and Giant Eagle, with a national footprint of around 70 million profiles [62] Strategic Direction and Industry Competition - The company has made fundamental changes to its cost structure, including renegotiating partner contracts and rightsizing expenses [8] - The company is focusing on four key pillars to drive engagement: content and insights, customizable tools for merchants, easier offer discovery, and differentiated offerings for each bank [33][36][37][16] - The company is leveraging its tech and network size to create differentiated offerings such as featured offers, increased curations, and proximity offers [16] - The company is working towards a broader and deeper dataset, more sophisticated audience targeting, better analytics, and a variety of ad formats to drive increased engagement [18] Management Commentary on Operating Environment and Future Outlook - The company resolved the SRS dispute and rebalanced its cost structure, allowing it to focus on execution and growth [7][30] - The company expects 12% to 16% billings growth in Q1 2024, excluding entertainment, which was resolved in Q4 [30] - The company is confident in its long-term growth prospects, with a focus on driving consumer engagement, top-line growth, and adjusted EBITDA [47] - The company expects double-digit billings growth for 2024 and to be operating cash flow positive on an annual basis [47] Other Important Information - The company added a new non-GAAP metric, free cash flow, to its 10-K, which it believes is useful for measuring funds available to invest in the business [23] - The company ended Q4 with $91.8 million in cash and cash equivalents and $16.7 million of unused available borrowings under its line of credit [67] - The company amended its line of credit in February, allowing it to borrow up to 75% of its eligible accounts receivable, up from 50% previously [67] Q&A Session Summary Question: Timing and expenses related to the new FI partner - The company cannot provide specific timing details beyond what was referenced in the 8-K, but there are no major upfront expenses expected [50][75] Question: Upside to billings growth and drivers - The company is confident in its initiatives to re-accelerate revenue, with a focus on increased customer spend and engagement [52] Question: Progress on ADE adoption and challenges - 80% of the network is on ADE, with 20% not yet migrated due to larger tech changes required for some partners [82] Question: Multi-tier offers program rollout - The company is testing multi-tier offers with several clients and will update the market on the broader rollout when more data is available [86] Question: Return of larger marketers to the platform - The company has reinvested in its sales teams and introduced new product initiatives, which have helped bring back larger marketers [87] Question: Discovery and consumer activation improvements - The company is working with bank partners to improve offer placements and has seen a 5x higher activation rate for offers placed on line-item transactions in bank statements [84][90]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________________ to _________________ Commission File Number: 001-38386 CARDLYTICS, INC. (Exact Name of Registrant as Specified in its Charter) Delaware 26-3039436 (State or o ...

Shares of digital advertising company Cardlytics (CDLX 26.52%) skyrocketed on Monday after the company settled a lawsuit and reported preliminary financial results for the fourth quarter of 2023. As of 9:50 a.m. ET, Cardlytics stock was up about 34%. That said, it's still down 95% from its high set in 2021.Are things looking up for Cardlytics?Cardlytics works with financial institutions to manage their reward programs. It then takes this information to help marketers better target consumers. Even though the ...