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 (NASDAQ: CDLX) announces its second quarter financial results will be released on August 2, 2022, after market close. A conference call will follow at 5:00 PM ET to discuss these results. Investors can access the call via a live audio webcast on the Cardlytics Investor Relations website. A replay will be available shortly after the call until August 9, 2022.
Cardlytics operates a digital advertising platform that partners with banks to enhance customer loyalty through rewards programs, giving marketers insight into consumer spending.
Credit Karma Money has launched a new cash back rewards feature for its users, allowing members to earn cash back on purchases made at select merchants using their Credit Karma Visa debit card. This initiative aims to provide all users, especially those with non-prime credit, access to financial benefits usually reserved for credit card users. Members will be automatically enrolled in the program, with no payout minimums for cash back earned. The feature builds on Credit Karma Money's commitment to enhance spending behaviors and provide more value to its over 110 million members.
Cardlytics (NASDAQ: CDLX), a digital advertising platform, will present at the Bank of America 2022 Global Technology Conference on June 7 at 3:05 p.m. PT. CEO Lynne Laube is set to deliver the presentation, which will be available via a live audio webcast on Cardlytics' Investor Relations website. Following the event, an archive of the webcast will also be accessible for a limited time. Based in Atlanta, Cardlytics partners with financial institutions to enhance customer loyalty through banking rewards programs, leveraging consumer spending insights to optimize marketing campaigns.
Cardlytics (NASDAQ: CDLX) reported a 7% increase in overall consumer spending in Q1 2022 compared to the previous year, reaching the highest levels in four years despite inflation concerns. Notable growth was seen in travel and entertainment spending (54%), including airlines (99%) and cruise lines (345%). However, retail spending showed signs of slowing, with no growth in 2022 versus 2021. The Chief Business Officer emphasized the need for brands to optimize marketing strategies to maximize return on ad spend amidst ongoing economic challenges.
Cardlytics (NASDAQ: CDLX) has announced a repurchase program for up to $40 million of its Common Stock, approved by the Board of Directors. The CFO stated that this initiative represents a strategic investment aimed at enhancing shareholder value. The buyback will occur on the open market or through negotiated transactions and is expected to continue until the end of the fiscal year, subject to Board discretion. This move signals confidence in the company's market position and underscores its commitment to returning value to shareholders.
Cardlytics, Inc. (NASDAQ: CDLX) reported a strong first quarter for 2022, achieving record revenue of $67.9 million, reflecting a 28% year-over-year increase. Billings reached $98.2 million, up 29% from Q1 2021. Gross profit also rose 34% to $26.2 million, while adjusted contribution increased 35% year-over-year to $32.8 million. The company reported a net income of $33.0 million or $0.91 per diluted share, a significant turnaround from a net loss in the previous year. Monthly Active Users (MAUs) grew to 178.5 million, a 6% increase from last year.
Cardlytics (NASDAQ: CDLX) has appointed Jose Singer as Chief Product Officer, effective May 16, 2022. He succeeds Michael Akkerman and will spearhead the company’s product strategy, focusing on enhancing its advertising platform. Singer brings extensive experience from his tenure at Nextdoor and Yahoo, aiming to integrate product and engineering functions for better performance. His leadership is expected to align with Cardlytics’ migration to AWS and the launch of new platform capabilities, crucial for expanding advertiser adoption and improving user interfaces.
Cardlytics, an advertising platform focused on banks’ digital channels, will release its first quarter financial results for 2022 on May 2, after market close. The company will conduct a conference call and webcast at 5:00 PM ET to discuss the results. Investors can access a live audio stream on the Cardlytics Investor Relations website, and a replay will be available shortly after the call until May 9, 2022. As a key player in digital advertising, Cardlytics partners with financial institutions to enhance customer loyalty and analyze consumer spending.
Kora, a fintech serving college students, has launched the Kora Rewards program in partnership with Cardlytics. Users can earn up to 10% cash back when shopping with the KoraCard at various brands. This feature aims to enhance financial management for students, who have limited options for financial rewards. The Kora app also includes KoraCoach for financial education and KoraCash for flexible financing between $25 and $2000. This initiative aligns with Kora's mission to improve financial literacy among students.
Crypto.com has partnered with Cardlytics to enhance its Visa Card rewards program for U.S. cardholders, allowing them to earn up to 10% cash back in addition to existing rewards. The automatic enrollment process enables cardholders to access rewards from popular retailers like Adidas, Costco, and Shake Shack. This initiative aims to drive cryptocurrency adoption by providing users with tangible benefits for everyday purchases. Over 10 million customers currently use Crypto.com, reflecting the platform's rapid growth.
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