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 (CDLX) generates news across strategic partnerships, platform developments, and financial performance as the company navigates the evolving digital advertising landscape. The company's quarterly earnings announcements provide insights into advertiser demand for purchase-based marketing, platform engagement metrics, and the performance of banking partnerships that power its rewards ecosystem.
Product launches and platform expansions represent another significant news category for Cardlytics. The company regularly announces new features, partnerships with financial institutions or retailers, and enhancements to its data analytics capabilities. These developments signal the company's efforts to expand beyond traditional banking rewards into retail media networks and broaden its advertiser base.
Organizational changes, including workforce adjustments and leadership appointments, also drive material news for CDLX. Given the company's position in the competitive marketing technology sector, strategic realignments and cost optimization initiatives often indicate shifts in business priorities or responses to market conditions. Investors tracking Cardlytics follow these announcements to understand how the company adapts its operations amid changing advertiser budgets and digital marketing trends.
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.
On September 1, 2022, Cardlytics (NASDAQ: CDLX) announced the grant of 1,345,261 restricted stock units to its new CEO, Karim Temsamani, as part of his employment inducement. This grant, valued at $20 million, was calculated based on a 30-day average stock price of $14.87. The restricted stock units will vest over four years, with 25% vesting after one year and the remainder quarterly over the next three years, contingent upon Mr. Temsamani's continued employment.
BitPay has launched a rewards program for its prepaid card, managed by Cardlytics, enabling cardholders to earn up to 15% cash back on purchases at participating retailers. The program is automatically available to users, and no additional sign-up is required. BitPay supports multiple cryptocurrencies, facilitating easy conversion to USD for spending. A study indicates a potential $55 billion in cryptocurrency purchases over the next year, highlighting growing interest in crypto transactions. Cardholders also benefit from a referral bonus of $10 for bringing in new users.
Cardlytics, Inc. (NASDAQ: CDLX) reported Q2 2022 financial results with revenue of $75.4 million, a 28% increase year-over-year. Billings rose 26% to $107.7 million, while gross profit grew 16% to $27.0 million. The company posted a net loss of $(126.3) million, up from $(47.3) million in Q2 2021. Adjusted EBITDA loss widened to $(15.8) million. The acquisition of Bridg is progressing, expected to enhance growth. Cardlytics anticipates a 10-15% revenue increase in H2 2022 despite economic pressures.
Cardlytics (NASDAQ: CDLX) released its annual back-to-school (BTS) trend analysis, highlighting consumer behavior shifts as inflation rises. The analysis found that omnichannel shopping boosts consumer spending, with multichannel shoppers spending over $1,000 compared to $900 for single-channel shoppers. However, overall spending showed only a 1.2% increase between 2020 and 2021 due to declining customer volume. Early 2022 insights reveal an 8.4% year-over-year spending decline as economic uncertainty prevails, suggesting consumers may focus on essentials and one-stop shopping.
Cardlytics has appointed Karim Temsamani as the new CEO, effective September 1, 2022, succeeding co-founder Lynne Laube, who is retiring. Laube will stay on as a strategic advisor until May 2024 to aid in the transition. Temsamani joins from Stripe, where he led partnerships, and has significant experience from Google. The company also updated its Q2 2022 guidance for billings ($106.5 - $108.5 million), revenue ($74.5 - $76.5 million), and adjusted contribution ($34.0 - $36.0 million), reflecting optimistic growth potential.
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.
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