ATLANTA, Jan. 02, 2024 (GLOBE NEWSWIRE) -- Cardlytics, Inc. (NASDAQ:CDLX), an advertising platform in banks' digital channels, is excited to announce the appointment of Andre Fernandez and Jon Francis to its Board of Directors. Additionally, John Balen and David Adams have retired from the Board effective as of January 1, 2024. In connection with these Board changes, Jack Klinck has assumed the role of Chairperson of the Board. "We are proud to welcome Andre and Jon to our Board of Directors. Andre's expert ...

Disclaimer | --- | --- | --- | --- | |-----------------------------------------------------------|-------|-------|-------| | | | | | | | | | | | We power a native ad platform in our partners' digital | | | | | channels. | | | | $3.9T+ in Annual Spend(2) 1 in 2 U.S. Purchase Transactions(3) (2) Based on data from our partners during the three months ended September 30, 202 (3) Based on aggregated data of our current partners from the June 2022 Nielson Repor Adj. Contribution(1) 7 | --- | --- | --- | --- | -- ...

Cardlytics, Inc. (NASDAQ:CDLX) Q3 2023 Earnings Conference Call November 8, 2023 12:00 PM ET Nick Lynton - Chief, Legal and Privacy Officer Alexis DeSieno - CFO Kyle Peterson - Needham Operator I would now like to hand the call over to your speaker for today, Nick Lynton, Chief, Legal and Privacy Officer. Nick, please go ahead. Good evening, and welcome to the Cardlytics Third Quarter 2023 Financial Results Call. Before we begin, let me remind everyone that today's discussion will contain forward-looking st ...

Table of Contents 4. GOODWILL AND ACQUIRED INTANGIBLES There have been no changes to the carrying amounts of goodwill since December 31, 2022. The carrying amounts of goodwill as of September 30, 2023 are as follows (in thousands): | --- | --- | --- | --- | --- | --- | --- | |---------------------------|----------------|--------------------|-------|------------------------------|-------|------------------------| | Gross goodwill | Cardlytics \n$ | Platform \n210,692 | \n$ | Bridg Platform \n538,271 | $ | Co ...

Financial Data and Key Metrics - Adjusted EBITDA improved by $11.7 million year-over-year in Q2, with operating cash flow positive at $5.7 million [5] - Billings increased 1.6% year-over-year to $109.4 million, with U.S. billings up 7% [6] - Revenue increased 1.7% year-over-year to $76.7 million, while adjusted contribution rose 6.8% to $37.5 million [6] - Bridg revenue decreased 3% year-over-year to $6 million, in line with expectations [6] - Adjusted EBITDA loss narrowed to $4.1 million in Q2 2023 from $15.8 million in Q2 2022 [14] - Cash and cash equivalents stood at $92.1 million at the end of Q2, down from $139.2 million at the end of Q1 2022 [35] - MAUs increased 4.6% year-over-year to 188.1 million, while ARPU remained flat at $0.38 [36] Business Line Performance - The company's focus on the Bridge Retail Media Network products is driving short-term viability, with billings up 1.6% year-over-year [6] - Enhanced targeting through ADE (Ad Decisioning Engine) led to a 10% increase in billings, 6.5% in activations, and 5.7% in redemptions [25] - Multi-tier offers, which provide variable incentives, shifted purchase channel behavior, increasing in-store channels from 34% to 71% of total spend in a 21-day pilot [25] - The company launched receipt-level reporting, which is expected to drive incremental demand from CPGs and retailers [11] Market Performance - U.S. revenue increased 7% year-over-year, while U.K. revenue decreased 35% due to the loss of a bank partner [59] - Consumer spend in multiline retail declined 1.3% year-over-year but increased 6.1% quarter-over-quarter to $67 billion [29] - Travel spend growth slowed to 1% year-over-year, while restaurant and retail spend grew 1% and declined 3%, respectively [55] - California accounted for 16% of multiline retail spend, followed by Texas at 11% and Florida at 9% [54] Strategic Initiatives and Industry Competition - The company is transitioning to a product-led organization, with a focus on new ad server, user experience, and cloud migration initiatives [24] - Chase is now 100% live on the new user experience, with other major U.S. banks expected to migrate by mid-2024 [9][24] - The company is diversifying its business, with retail media network pilots receiving positive feedback from major CPG brands [27] - The company is investing in new capabilities, such as target return on spending pricing pilots, which are expected to improve financial efficiency in the long term [12] Management Commentary on Operating Environment and Future Outlook - The near-term economy and advertising environment remain uncertain, but the company is focused on long-term success [13] - The company expects to achieve positive operating cash flow and adjusted EBITDA on an annual basis starting in 2024 [35] - Consumer confidence increased for the third consecutive month in July, reaching its highest level in two years, despite softening labor markets and declining inflation [31] - The company expects some variability in quarter-to-quarter results but remains committed to achieving consistent growth and profitability [34][56] Other Important Information - The company renegotiated contracts and implemented cost optimizations across AWS and Snowflake, improving efficiency [7] - The company is in discussions with multiple top 20 U.S. banks and fintechs, with confidence in signing at least one major partner by the end of 2023 [8] - The company launched its first campaign with receipt-level reporting, which is expected to drive incremental demand from CPGs and retailers [11] - The company paid $50.1 million in cash related to the Bridg earnout and had $7 million of unused available borrowings under its line of credit at the end of Q2 [60] Q&A Session Summary Question: How did ad budgets progress throughout the quarter across core verticals? - Consumer spending slowed overall, with retail spend down 3% and travel spend up slightly, impacting advertising budgets [39] - Despite consumer slowdown, some areas like travel and restaurants are showing positive trends for the company [40] Question: What are the expectations for ad budgets in the back half of the year? - The company expects some choppiness but sees positive signs from clients looking to drive additional spend in the back half of the year [41] Question: What new products or services are encouraging bank partners to renegotiate contracts? - The company is focused on providing tech and services that meet partner needs, such as receipt-level offers and target return on spending pricing pilots [43][44] Question: How are product improvements manifesting in the numbers? - Product improvements, such as UI changes and new product constructs, are driving engagement and activation, with early signs of impact in the numbers [45][46] Question: What assumptions are behind the EBITDA guidance for Q3? - The EBITDA guidance assumes continued discipline in expenses and cautious optimism about the advertising market, with potential for improvement as new products scale [70][74] Question: What has been the impact of Chase being fully rolled out on the new user experience? - Chase's full rollout has led to improved engagement, activations, and redemptions, signaling positive changes in the business [68][73]

| --- | --- | |-------------------------------------------|-------| | | | | | | | CARDLYTICS Q2 2023 Earnings Presentation | | | | | | August 1, 2023 | | Disclaimer This presentation includes forward-looking statements. All statements contained in this presentation other than statements of historical facts, including statements regarding expectations about future financial performance or results of Cardlytics, Inc. ("Cardlytics," "we," "us," or "our), such as including becoming cash flow positive, earnings ...

Table of Contents 62 The conversion of some or all of the Notes would dilute the ownership interests of existing stockholders to the extent we satisfy our conversion obligation by delivering shares of our common stock upon any conversion of such Notes. Our Notes may become in the future convertible at the option of their holders under certain circumstances. If holders of our Notes elect to convert their Notes, we may settle our conversion obligation by delivering to them a significant number of shares of ou ...

Company Participants Karim Temsamani – Chief Executive Officer Conference Call Participants Operator I would now like to hand the conference over to your speaker today, Chief Legal and Privacy Officer, Nick Lynton. Please, go ahead. Good evening, and welcome to the Cardlytics first quarter 2023 financial results call. Before we begin, let me remind everyone that today's discussion will contain forward-looking statements based on our current assumptions, expectations and beliefs, including expectations about ...

Offer Activation Rates by Industry Q1 2022 Q1 2023 | --- | --- | |---------------------|------------------| | | | | Revenue | $65.0 - $74.0 | | Plus: | | | Consumer Incentives | $33.0 - $35.0 | | Billings | $98.0 - $109.0 | | --- | --- | |-----------------------------------|-------| | | | | | | | CARDLYTICS Q1 2023 | | | Earnings Presentation May 4, 2023 | | | | | In addition to U.S. GAAP financial information, this presentation includes billings, adjusted contribution, adjusted partner share and other thir ...

| --- | --- | --- | --- | --- | |--------------------------------------------------------------|-------|--------------|--------------|------------------| | | | Three \n2022 | Months March | Ended 31, \n2023 | | Adjusted contribution | | $ 32,775 | $ | 30,947 | | Minus: | | | | | | Delivery costs | | 6,533 | | 6,424 | | Sales and marketing expense | | 17,648 | | 13,948 | | Research and development expense | | 12,291 | | 11,564 | | General and administration expense | | 20,425 | | 13,070 | | Acquisition and i ...