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 digital advertising platform, is set to release its first quarter financial results for the period ending March 31, 2023, on May 4, 2023, after the market close. The company will conduct a conference call at 5:00 PM ET to discuss these results, which can be accessed through their Investor Relations website. Cardlytics collaborates with financial institutions to enhance customer loyalty through rewards programs, providing insights into consumer spending to assist marketers in reaching potential buyers effectively. This strategic focus on data-driven marketing aims to deepen relationships between banks and their customers, with the company headquartered in Atlanta and a presence in major U.S. cities and London.
Cardlytics (NASDAQ: CDLX) updated its Q1 2023 guidance, projecting billings between $93.0 - $97.0 million, revenue of $63.5 - $66.5 million, adjusted contribution at $30.0 - $33.0 million, and improved adjusted EBITDA ranging from ($8.0) to ($5.0) million. CEO Karim Temsamani attributed the optimistic revisions to stronger-than-expected growth in the U.S. market and effective product enhancements. Additionally, the company implemented $3.5 million in one-time cost savings to better manage expenses.
These results are preliminary and subject to change pending final quarter-end reviews.
Cardlytics (NASDAQ: CDLX) announced that Chief Financial Officer Andy Christiansen will resign effective July 21, 2023, after over three years in the role. The company is in the process of finding a successor through an executive search firm. CEO Karim Temsamani and Chairman John Balen praised Christiansen's contributions, particularly in achieving short- and long-term financial goals. Notably, Cardlytics aims for positive free cash flow in Q3 2023 and anticipates resolving the Bridg earnout dispute next month. These developments highlight ongoing financial strategies crucial for the company’s future performance.
On March 14, 2023, Cardlytics (NASDAQ: CDLX) announced borrowing $30 million from its $60 million line of credit with Pacific Western Bank. CEO Karim Temsamani emphasized this move as a proactive measure amid financial sector uncertainties. The company is also implementing a multi-bank deposit program to reduce dependence on single institutions and maximize FDIC insurance coverage. Cardlytics aims for liquidity and long-term profitability, while its advertising platform continues to enhance customer loyalty for financial partners. Further details can be found in its latest Annual Report.
Cardlytics, Inc. (NASDAQ: CDLX) reported financial results for Q4 and FY 2022, revealing total revenue of $82.5 million for Q4, down 8.4% from the previous year, and $298.5 million for the full year, a 11.8% increase. The net loss for Q4 was $(378.3) million or $(11.32) per share. Non-GAAP net loss for Q4 stood at $(9.7) million. Despite macroeconomic challenges, the company achieved double-digit growth in 2022. Looking ahead, Cardlytics expects modest growth for 2023, with Q1 guidance for revenue between $54.0 and $63.0 million.
Cardlytics, Inc. (NASDAQ: CDLX) announces its fourth-quarter financial results will be released on March 1, 2023, after market close. The company, which focuses on digital advertising within banks' channels, will host a conference call at 5:00 PM ET to discuss these results. Investors can access a live audio webcast on the Cardlytics Investor Relations website and a replay will be available until March 8, 2023. Cardlytics leverages partnerships with financial institutions to enhance customer loyalty and provide insights into consumer spending patterns for effective marketing strategies.
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