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.
Next Coast Ventures has successfully raised $310 million across three funds, boosting its total assets under management to over $520 million in just six years. This Austin-based venture capital firm targets entrepreneurs in Texas and other emerging tech hubs. Since 2016, it has achieved multiple successful exits, including significant investments in companies like LivePerson (LPSN) and Radiant Logistics (RLGT). The funds will primarily support early-stage tech businesses, with a strong emphasis on operational expertise from its experienced team.
Cardlytics reported strong Q4 2021 results, with total revenue of $90.0 million, a 34.2% increase year-over-year. Billings reached $134.0 million, up 42.6%, marking the highest billings quarter ever. However, the net loss attributable to common stockholders widened to $(11.8) million, or $(0.35) per share. For the full year, total revenue was $267.1 million, up 42.9%, with an annual net loss of $(128.6) million. Despite the losses, the company expects broad recovery and growth exceeding 30% in the long term.
Cardlytics (NASDAQ: CDLX) has extended the PNC Purchase Payback program, enhancing customer rewards for PNC Bank's client base. Introduced in 2011, this loyalty initiative provides cash back offers reaching up to 20% from major brands like Starbucks and McDonald's. The partnership enables Cardlytics to leverage insights from over $3.5 trillion in annual consumer spending, positioning the company as a significant player in digital advertising. With a user base exceeding 170 million, Cardlytics aims to foster deeper customer relationships for its banking partners.
Cardlytics, Inc. (NASDAQ: CDLX) announced its fourth quarter financial results for the period ending December 31, 2021, set to be released on March 1, 2022, after market close. A conference call will follow at 5:00 PM ET to discuss the financial outcomes. Investors can access the live audio webcast via the Cardlytics Investor Relations website. A replay of the call will also be made available shortly after its conclusion. As a leader in digital advertising, Cardlytics collaborates with financial institutions to enhance customer loyalty through rewards programs.
On February 2, 2022, Upgrade launched Upgrade Shopping™, a cashback rewards program aimed at helping consumers counter inflation by offering rewards at over 20,000 merchants, including H&M (6%) and Shake Shack (10%). This program enhances the Upgrade Card's existing rewards, allowing users to earn up to 8.2% cashback. Upgrade has facilitated over $12 billion in credit since 2017, promoting responsible credit use. The service is in partnership with Cardlytics (NASDAQ: CDLX), further integrating consumer benefits into financial services.
Payfare (TSX: PAY) has launched a new rewards program in partnership with Cardlytics (NASDAQ: CDLX) that allows gig workers to earn instant cash back with their Payfare cards. This program enables cardholders to earn cash back automatically while shopping at various brands. The initiative aims to enhance financial empowerment and loyalty for gig workers, which is crucial in the expanding gig economy. Payfare continues to strengthen its digital banking solutions, highlighting the growing importance of financial health in this sector.
Cardlytics (NASDAQ: CDLX), a leading digital advertising platform, will present at the 24th Annual Needham Growth Conference on January 11, 2022, at 3:30 p.m. Eastern Time. The presentation will feature CEO Lynne Laube and CFO Andy Christiansen and will be available via live audio webcast on the company's Investor Relations website. Following the event, a limited-time archive will also be accessible. Cardlytics partners with financial institutions to enhance banking rewards programs and leverage consumer spending data to improve marketing effectiveness.
Cardlytics, a leading digital advertising platform, announced its participation at the Raymond James 2021 Technology Investors Conference. The presentation will feature CEO Lynne Laube and CFO Andy Christiansen on December 6, 2021, at 4:00 p.m. ET. The event will be webcast live, and an archive will be available afterward on the company's Investor Relations website. Cardlytics collaborates with financial institutions to enhance customer loyalty through banking rewards programs, using spending insights for targeted advertising.
Cardlytics, Inc. (NASDAQ: CDLX) reported a strong third quarter for 2021, achieving a revenue of $65.0 million, a 41% increase year-over-year.
Billings rose to $98.4 million (+59%), and gross profit increased by 68% to $24.5 million.
However, net loss attributable to common stockholders was $(44.5) million or $(1.35) per diluted share. The company anticipates fourth-quarter revenue between $70.0 - $80.0 million and billings of $105.0 - $120.0 million.
Sliide has launched a new Cashback rewards program in the U.S., allowing smartphone users to earn cash rewards at over 10,000 retailers, including Walmart and Pizza Hut. The program, developed in partnership with Cardlytics, provides users with cash for purchases made using linked debit or credit cards. Subscribers can redeem their rewards as cash, retail vouchers, or additional voice and data. This initiative aims to enhance user engagement and generate revenue for mobile partners while being easy to use via an integrated app.
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