Welcome to our dedicated page for Cardlytics news (Ticker: CDLX), a resource for investors and traders seeking the latest updates and insights on Cardlytics stock.
Cardlytics, Inc. (NASDAQ: CDLX) is a cutting-edge digital advertising platform that leverages purchase-based intelligence to enhance marketing relevance and measurability. Headquartered in Atlanta, GA, Cardlytics partners with over 2,000 financial institutions to operate their banking rewards programs, thereby fostering customer loyalty and strengthening banking relationships. This collaboration grants Cardlytics a secure view into consumer spending patterns, enabling the company to provide invaluable insights to marketers. These insights help in identifying, reaching, and influencing potential buyers at scale, and measuring the true sales impact of marketing campaigns.
Cardlytics operates through two main segments: the Cardlytics platform in the U.S. and U.K., and the Bridg platform. The Cardlytics platform generates significant revenue by offering a proprietary native bank advertising channel, allowing marketers to reach consumers via trusted and frequently accessed online and mobile banking channels. The Bridg platform, on the other hand, provides revenue through the sale of subscriptions to its cloud-based customer-data platform and the delivery of professional services such as implementation, onboarding, and technical support.
Recent achievements include a settlement agreement with SRS, resolving all disputes related to the Bridg merger agreement. This settlement will see Cardlytics paying $25 million in cash and issuing 3.6 million shares of common stock. Additionally, preliminary financial results for Q4 2023 suggest that the company is on track to meet or exceed its previous guidance, indicating sustained profitability and the potential to extend the maturity date of its credit facility to April 2025.
Cardlytics also announced the integration of Giant Eagle’s Leap Media Group into the Rippl data and media network, a partnership that significantly enhances first-party data for regional retailers and provides advertisers with access to more than 70 million anonymized shopper profiles. This integration is expected to drive enhanced shopper engagement, top-line growth, and improved ROI for all ecosystem partners.
Cardlytics continues to focus on cost discipline, efficiency, and building a best-in-class platform with top-tier targeting capabilities. With offices in New York City, London, San Francisco, Chicago, Menlo Park, and Los Angeles, the company is well-positioned to deliver superior outcomes for partners, customers, and advertisers.
Cardlytics, a leader in digital banking advertising, announced its participation in the 23rd Annual Needham Virtual Growth Conference. CEO Lynne Laube will present on January 13, 2021, at 12:30 p.m. ET, with a live audio webcast accessible on the company’s Investor Relations website. Cardlytics collaborates with financial institutions to enhance customer loyalty through banking rewards programs, leveraging consumer spending insights to optimize marketing efforts. The company is headquartered in Atlanta, with additional locations in London, New York, San Francisco, and Visakhapatnam.
Cardlytics (NASDAQ: CDLX) announced a multi-year renewal of its Spending Rewards Agreement with Lloyds Bank Plc on December 16, 2020. This agreement extends their partnership to provide Cardlytics Direct to Lloyds customers through December 31, 2023. The renewal signifies ongoing collaboration in enhancing customer loyalty and banking relationships through targeted advertising in banks' digital channels. More information is available on the Cardlytics Investor Relations site.
Cardlytics (NASDAQ: CDLX) announced its participation in two upcoming virtual conferences. CEO Lynne Laube and CFO Andy Christiansen will present at the Wells Fargo Securities Virtual TMT Summit on December 1, 2020, at 10:40 a.m. ET, and at the Raymond James 2020 Virtual Technology Investors Conference on December 8, 2020, at 4:10 p.m. ET. Both presentations will be webcast live on the Cardlytics Investor Relations website. Cardlytics is focused on leveraging insights from consumer spending to enhance marketing effectiveness and deepen banking relationships.
Cardlytics, Inc. (NASDAQ: CDLX) reported third-quarter 2020 results, showing revenue of $46.1 million, down 18% year-over-year from $56.4 million. Billings also decreased by 25% to $62.1 million, while gross profit fell 30% to $14.6 million. Net loss increased to $(15.4) million, or $(0.56) per diluted share, compared to $(7.7) million in Q3 2019. Despite challenges, the company highlights a 26% rise in Financial Institution Monthly Active Users (FI MAUs) to 161.6 million. For Q4 2020, Cardlytics expects revenue between $55.0 and $62.0 million.
Cardlytics (NASDAQ: CDLX) will announce its third quarter financial results on November 2, 2020, after market close. A conference call to discuss these results will follow at 5:00 PM ET. Investors can access a live audio webcast on their Investor Relations website. The call can be joined by phone, with specific numbers for domestic and international callers. A replay will be available until November 9, 2020. The company specializes in advertising within banks' digital channels, enhancing customer loyalty through banking rewards programs.
Cardlytics, Inc. (CDLX) announced the pricing of $200 million in 1.00% convertible senior notes due 2025 in a private placement aimed at qualified institutional buyers. The notes will accrue interest semiannually, maturing on September 15, 2025, with an initial conversion price of approximately $85.14 per share. Net proceeds are estimated at $193.5 million, intended for capped call transactions and general corporate purposes, including potential acquisitions. The offering is set to close on September 22, 2020, subject to customary conditions.
Cardlytics (NASDAQ: CDLX) announced a proposed offering of $200 million in convertible senior notes due 2025, with an option for initial purchasers to buy an additional $30 million. The notes, which will be unsecured and pay semiannual interest, may be converted into cash or shares of the company’s common stock. Proceeds will be used for capped call transactions, working capital, and potential acquisitions. The offering is targeting qualified institutional buyers and is not registered under the Securities Act.
Cardlytics, a leading advertising platform in banks' digital channels, announced its participation in the Keybanc Capital Markets’ Virtual Future of Technology Series. CFO Andy Christiansen will present on September 10, 2020, at 11:20 a.m. Eastern Time, with a live webcast available on the Cardlytics Investor Relations website. This event showcases Cardlytics' unique insights into consumer spending, allowing marketers to effectively reach potential buyers. The company is headquartered in Atlanta, with additional offices in major cities worldwide.
Cardlytics, Inc. (NASDAQ: CDLX) announced the appointment of Farrell Hudzik as Executive Vice President of Financial Institutions on August 3, 2020. Hudzik's role will focus on enhancing the Cardlytics program for U.S. financial institutions and deepening platform integration. Previously, she held leadership roles at Synchrony and Accenture, bringing extensive experience in customer engagement and loyalty. CEO Lynne Laube expressed confidence that Hudzik's expertise will be vital in maximizing value for bank partners, driving spend, and increasing customer loyalty.
On July 29, 2020, Cardlytics (NASDAQ: CDLX) announced the retirement of David Evans, chief administrative officer and former CFO, effective at the end of the quarter. Evans’ six-year tenure included significant contributions to Cardlytics’ transformation into a leading digital marketing platform. Key figures, including co-founders Scott Grimes and Lynne Laube, acknowledged Evans' vital role in executing the company's strategy and guiding its IPO in 2018. Cardlytics specializes in banking rewards programs that enhance customer loyalty by leveraging consumer spending insights.
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