Core Viewpoint - Cardlytics, Inc. reported third quarter 2024 financial results that exceeded the high end of their guidance, indicating a focus on overcoming short-term challenges while emphasizing the need for time to transform the business and enhance consumer engagement and rewards [2]. Financial Results - Revenue for Q3 2024 was $67.1 million, a decrease of 15% year-over-year, or 13% when excluding the Entertainment segment [2][3]. - Billings were $112.0 million, down 4% year-over-year, or 2% excluding Entertainment [2][3]. - Adjusted Contribution was $36.4 million, reflecting a 15% decrease year-over-year, or 11% excluding Entertainment [2][3]. - The net loss was $(145.2) million, or $(2.90) per diluted share, compared to a net loss of $(24.0) million, or $(0.63) per diluted share in Q3 2023 [2][3]. - Adjusted EBITDA was a loss of $(1.8) million, compared to a gain of $3.9 million in Q3 2023 [2][3]. Key Metrics - Monthly Active Users (MAUs) increased to 166.4 million, up 2% year-over-year [3]. - Average Revenue Per User (ARPU) decreased to $0.40 from $0.49 in Q3 2023 [3]. Future Expectations - For Q4 2024, Cardlytics anticipates Billings to be in the range of $102.0 - $108.0 million, representing a year-over-year decline of 23% to 18% [9]. - Revenue is expected to be between $62.0 - $67.0 million, reflecting a year-over-year decrease of 30% to 25% [9]. - Adjusted Contribution is projected to be between $33.0 - $36.0 million, indicating a year-over-year decline of 30% to 24% [9]. - Adjusted EBITDA is expected to range from $(5.0) million to $(1.0) million [9].

ATLANTA, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Cardlytics, Inc. (NASDAQ: CDLX), an advertising platform in banks’ digital channels, today announced that its financial results for the third quarter ending September 30, 2024 will be released on November 6, 2024, after market close. The results will be discussed via conference call at 5:00 PM ET / 2:00 PM PT. The company invites investors to join a live audio webcast at http://ir.cardlytics.com/ or to dial-in by registering at this link. A replay will be available ...

ATLANTA, Aug. 19, 2024 (GLOBE NEWSWIRE) -- Cardlytics, Inc. (NASDAQ: CDLX), an advertising platform in banks' digital channels, today announced that, on August 19, 2024, the Compensation Committee of Cardlytics' Board of Directors granted an aggregate of 49,900 restricted stock units of Cardlytics to seven newly hired employees. The restricted stock units were granted as material inducements to employment with Cardlytics in accordance with Nasdaq Listing Rule 5635(c)(4) and were granted under the Cardlytics ...

NEW YORK, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Cardlytics, Inc. ("Cardlytics" or "the Company") (NASDAQ: CDLX). Investors who purchased Cardlytics securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/CDLX. Investigation Details Cardlytics claimed to the market that its technology initiatives were "really paying off." How ...

LOS ANGELES, Aug. 14, 2024 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Cardlytics, Inc. ("Cardlytics" or "the Company") (NASDAQ: CDLX) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Cardlytics claimed to the market that its technology initiatives were "really ...

SAN FRANCISCO, Aug. 13, 2024 (GLOBE NEWSWIRE) -- 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. Visit: www.hbsslaw.com/investor-fraud/cdlx Contact the Firm Now: CDLX@hbsslaw.com 844-916-0895 Investigation Into Cardlytics, Inc. (CDLX): Cardlytics Inc. is facing scrutiny from prominent shareholder rights firm Hagens B ...

ATLANTA, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Holzer & Holzer, LLC is investigating whether Cardlytics, Inc. ("Cardlytics" or the "Company") (NASDAQ: CDLX) complied with federal securities laws. On August 7, 2024, Cardlytics reported financial results for its second quarter ended June 30, 2024, including a decrease of 9% year-over-year in revenue, stating "our results were challenged by slower-than-anticipated billings growth coupled with higher consumer incentives." Following this news, the price of the Compa ...

NEW YORK, Aug. 10, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Cardlytics, Inc. ("Cardlytics" or the "Company") (NASDAQ:CDLX) on behalf of Cardlytics stockholders. Our investigation concerns whether Cardlytics has violated the federal securities laws and/or engaged in other unlawful business practices. Click here to participate in the action. On August 7, 2024, Cardlytics announced its second quarter 202 ...

Core Insights - Johnson Fistel, LLP is investigating potential violations of securities laws by Cardlytics, Inc. and its executives regarding misrepresentation or failure to disclose adverse information to investors [1][3] - Cardlytics reported a 9% year-over-year decrease in revenue to $69.6 million and a 3% decline in adjusted contribution to $36.4 million for Q2 2024 [3] - Following the financial results announcement, Cardlytics' stock dropped 56% in pre-market trading on August 8, 2024 [3] Investigation Details - The investigation focuses on the losses suffered by investors and the possibility of recovering those losses under federal securities laws [1][3] - Individuals with nonpublic information about Cardlytics are encouraged to assist in the investigation or consider the SEC Whistleblower program, which may offer rewards for original information leading to successful recovery [4] Company Background - Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, Georgia, and Colorado, representing individual and institutional investors in securities class action lawsuits [5]

Cardlytics, Inc. (NASDAQ:CDLX) Q2 2024 Earnings Conference Call August 7, 2024 5:00 PM ET Company Participants Nick Lynton - Chief, Legal & Privacy Officer Jack Klinck - Chairperson of the Board Amit Gupta - Chief Operating Officer Alexis DeSieno - Chief Financial Officer Conference Call Participants Jaeson Schmidt - Lake Street Capital Markets Kyle Peterson - Needham Luke Horton - Northland Capital Markets Jason Kreyer - Craig-Hallum Operator Good day, and thank you for standing by. Welcome to the Cardlyti ...