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, 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.
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.
