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 (CDLX) delivers purchase-based advertising intelligence through partnerships with financial institutions, transforming consumer spending data into actionable marketing insights. This news hub provides investors and analysts with essential updates on the company’s evolving strategies in digital advertising and data analytics.
Access real-time announcements including quarterly earnings, product launches, and partnership expansions. Our curated collection features press releases about platform innovations, client acquisitions, and industry recognition – all critical developments for understanding CDLX’s market position.
Key updates cover operational milestones across both core platforms: the proprietary bank advertising channel and Bridg cloud-based analytics solutions. Track developments in campaign measurement capabilities, financial institution collaborations, and data security enhancements that shape the company’s competitive edge.
Bookmark this page for streamlined monitoring of CDLX’s financial performance and strategic initiatives. Combine our news feed with SEC filings and earnings call transcripts available through Stock Titan’s financial research tools for comprehensive analysis.
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.
Cardlytics (NASDAQ: CDLX) has appointed Amit Gupta as Chief Operating Officer, effective January 23, 2023. Gupta will oversee overall operations and strategy, aligning with sales and engineering teams to enhance the platform's offerings. He also takes the role of general manager at Bridg, working closely with current CEO Amit Jain during a transition period. Gupta brings significant experience from Stripe and Google, particularly in strategy and operations related to digital advertising and financial technology. His appointment is expected to drive operational excellence and growth for the company.
Cardlytics (NASDAQ: CDLX) announced the grant of 350,000 restricted stock units to new Chief Operating Officer, Amit Gupta, as a part of its 2022 Inducement Plan. This grant is a material inducement for Gupta’s employment and adheres to Nasdaq Listing Rule 5635(c)(4). The vesting schedule includes 50% on the first anniversary and the remaining 50% quarterly over the subsequent year, contingent on Gupta's ongoing service. Cardlytics operates as a digital advertising platform leveraging banking data to enhance customer loyalty and marketer engagement.
Cardlytics (NASDAQ: CDLX), a digital advertising platform, will present at the 2022 Raymond James Technology Investors Conference on December 7 at 9:45 a.m. EST. The presentation, led by CEO Karim Temsamani, will be available via live webcast on the company's Investor Relations website. Cardlytics partners with financial institutions to enhance customer loyalty through rewards programs, leveraging consumer spending insights to assist marketers in reaching potential buyers effectively. For further details, visit http://ir.cardlytics.com/.
Cardlytics reported strong Q3 2022 results with revenue of $72.7 million, a 12% increase year-over-year. Billings also rose by 12% to $110.4 million. Gross profit reached $26.0 million, marking a 6% increase. The company turned a net income of $6.3 million, or $0.19 per diluted share, compared to a loss of $(44.5) million in the prior year. MAUs grew to 184.7 million, up 8%. For Q4, Cardlytics expects revenue between $80.0 - $90.0 million and billings of $120.0 - $132.0 million.
Cardlytics (NASDAQ: CDLX) announced it will release its third quarter financial results on November 1, 2022, after market close. A conference call will be held at 5:00 PM ET to discuss the results. The event will be available via a live audio webcast on the Cardlytics Investor Relations website. The company partners with financial institutions to enhance customer loyalty through advertising insights.
