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 commerce media platform in the advertising services space that regularly issues news and updates through press releases and SEC-related announcements. The company’s news flow reflects its focus on using publishers’ first-party purchase data, card-linked offers, and identity resolution capabilities to help advertisers and publishers strengthen customer loyalty.
On this page, readers can find Cardlytics news related to quarterly financial results, cost-optimization initiatives, leadership changes, partnerships, and platform developments. Recent updates have included earnings releases for multiple quarters, detailing metrics such as Billings, Adjusted Contribution, Adjusted EBITDA, and key operating indicators like monthly qualified users (MQUs) and adjusted contribution per user (ACPU). These releases often provide context on how management views the company’s performance and operating environment.
Cardlytics also announces corporate and strategic actions such as workforce reduction plans intended to optimize its cost structure, repayment of convertible senior notes, and amendments to key agreements with partners. In addition, the company issues news on executive appointments and equity compensation arrangements, including the appointment of its Chief Financial Officer and inducement equity grants under its plans.
Sector-specific news features partnerships and network expansion through Bridg and the Rippl Retail Media Network, including collaborations with regional grocers and retail media networks. Cardlytics has also highlighted recognition of its card-linked offer network in industry awards programs, underscoring the role of its CLO network within the digital advertising ecosystem.
Investors, analysts, and other interested readers can use this news feed to follow Cardlytics’ reported financial performance, strategic decisions, and developments across its Cardlytics and Bridg platforms. Regularly reviewing these updates can provide insight into how the company manages its commerce media operations, relationships with publishers and advertisers, and its approach to cost structure and capital management.
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.
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.
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