SAN FRANCISCO, Jan. 28, 2025 (GLOBE NEWSWIRE) -- Cardlytics, the advertising technology company that connects marketers with consumers through their banking apps, is facing a class-action lawsuit alleging that it misled investors about its growth prospects. Hagens Berman urges Cardlytics, Inc. (NASDAQ: CDLX) investors who suffered substantial losses to submit your losses now. The firm also encourages persons with knowledge who may be able to assist in the investigation to contact its attorneys. Class Period ...

NEW YORK, Jan. 24, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Cardlytics, Inc. (NASDAQ: CDLX) resulting from allegations that Cardlytics may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Cardlytics securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arra ...

Core Viewpoint - The Schall Law Firm is inviting investors who have incurred losses to participate in an inquiry regarding Cardlytics, Inc. for potential violations of securities laws [1] Group 1 - The inquiry is focused on potential securities law violations by Cardlytics, Inc. [1] - Investors affected by losses are encouraged to join the investigation [1] - The Schall Law Firm specializes in securities class action lawsuits [1]

Cardlytics, Inc. Is Being Investigated For Securities Fraud And The Schall Law Firm Urges Affected Shareholders To Reach Out ...

Investors Are Invited To Join The Schall Law Firm In An Inquiry Into Cardlytics, Inc. For Securities Law Violations ...

NEW YORK, Jan. 16, 2025 /PRNewswire/ --Why: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Cardlytics, Inc. (NASDAQ: CDLX) resulting from allegations that Cardlytics may have issued materially misleading business information to the investing public.So What: If you purchased Cardlytics securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement ...

Cardlytics, Inc. Is Being Investigated For Securities Fraud And The Schall Law Firm Urges Shareholders With Losses To Reach Out ...

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Financial Data and Key Metrics Changes - Total billings for Q3 2024 were $112 million, a 2% decrease year-over-year, impacted by delivery challenges rather than pipeline weakness [35] - Consumer incentives increased by 20% to $44.9 million, indicating a focus on user engagement [36] - Revenue decreased by 13% to $67.1 million, attributed to increased user engagement with offers [36] - Adjusted contribution was $36.4 million, down 11% year-over-year, with an adjusted contribution margin of 54%, up 1% year-over-year [38] Business Line Data and Key Metrics Changes - US revenue decreased by 17% due to delivery challenges, but total budgets grew, especially from new brands [39] - UK revenue saw strong double-digit growth at 33%, with the highest consumer rewards in the history of the UK business [40] - Bridge revenue remained flat year-over-year, while Ripple showed early positive signals from engagement with advertisers [40] Market Data and Key Metrics Changes - The retail media market is expected to double in the next three years, positioning the company to capture market share [41] - Total monthly active users (MAUs) were 166 million, a 2% increase, driven by organic growth in the US and auto enrollment at Lloyd's [44] - Average revenue per user (ARPU) was $0.40, down 18% due to increased consumer incentives [44] Company Strategy and Development Direction - The company is focused on four key pillars: supply, demand, network performance, and Bridge [15][30] - Plans to broaden relationships with existing and new financial institutions to increase supply and reach more consumers [15] - Emphasis on enhancing network performance and stabilizing the core platform to improve delivery challenges [23][25] Management's Comments on Operating Environment and Future Outlook - Management acknowledged a challenging macroeconomic environment for some advertisers but noted positive feedback regarding the value of card-linked offers (CLO) [14] - Expectations for Q4 include billings between $102 million and $108 million, with continued challenges in delivery impacting performance [45] - Management remains optimistic about 2025, anticipating improved operational execution and contributions from Ripple [52] Other Important Information - The company is transitioning to engagement-based pricing, with 38% of total billings in Q3 utilizing this model [67] - The initial launch of a new financial institution partner will involve testing with a small card member base before scaling [15][76] - The company ended Q3 with $67 million in cash and cash equivalents, and $60 million of unused borrowings under its line of credit [43] Q&A Session Summary Question: Key drivers of under-delivery and plans to address them - Management discussed various strategies to address under-delivery, including better forecasting and testing different reward amounts [56] Question: Contrasting Q3 and Q4 performance - Management noted that while Q3 showed success, Q4 is impacted by the absence of large accounts from the previous year, although underlying advertiser spending remains strong [62] Question: Updates on engagement-based pricing - Management confirmed that engagement-based pricing is gaining traction, with a significant portion of new advertisers opting for this model [68] Question: Future revenue normalization and impact of new bank partner - Management refrained from providing specific guidance for 2025 but expressed optimism about the gradual scaling of the new bank partner's impact [76]

Cardlytics (CDLX) came out with a quarterly loss of $0.15 per share versus the Zacks Consensus Estimate of a loss of $0.33. This compares to earnings of $0.01 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 54.55%. A quarter ago, it was expected that this company would post a loss of $0.21 per share when it actually produced a loss of $0.15, delivering a surprise of 28.57%.Over the last four quarters, the company has surpassed ...