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, Inc. (NASDAQ: CDLX) announced the release of its third-quarter financial results for the period ending September 30, 2021, on November 2, 2021, after market close. A conference call for discussion of the results will be held at 5:00 PM ET. Investors can access a live audio webcast on the company's Investor Relations website. A replay will be available until November 9, 2021. Cardlytics partners with financial institutions to run banking rewards programs, using consumer spending insights to optimize marketing campaigns.
Cardlytics (NASDAQ: CDLX) announced the appointment of Chris Suh, former CFO of Microsoft's Cloud+ AI Group, to its Board of Directors and Audit Committee. With 25 years at Microsoft, Suh brings valuable experience in scaling digital platforms and enhancing user experience. His expertise in financial operations and cloud business is expected to support Cardlytics' transition to recurring revenue models. CEO Lynne Laube emphasized Suh's potential contributions to the company's growth strategy and AI applications.
Cardlytics (NASDAQ: CDLX) reported strong financial results for Q2 2021, with revenue reaching $58.9 million, up 109% year-over-year. Billings increased 116% to $85.3 million. Gross profit surged 193% to $23.2 million, while adjusted contribution rose 139% to $29.6 million. Despite these growth metrics, the company experienced a net loss of $(47.3) million, or $(1.43) per diluted share, exceeding previous guidance due to macroeconomic challenges. Looking ahead, Q3 2021 guidance estimates billings between $85 - $95 million.
Cardlytics, Inc. (NASDAQ: CDLX) will announce its second-quarter financial results on August 3, 2021, after market close. A conference call to discuss the results is scheduled for 5:00 PM ET. Investors can access the audio webcast on the Cardlytics Investor Relations website. The company, known for its digital advertising platform, collaborates with financial institutions to enhance customer loyalty through rewards programs. Recent acquisitions include Dosh and Bridg, which bolster its advertising capabilities.
Cardlytics (NASDAQ: CDLX) has appointed Peter Chan as the new Chief Technology Officer, bringing over 20 years of experience from Amazon and Yahoo to lead its technology and engineering strategies. This appointment comes as Cardlytics integrates its recent acquisitions of Dosh and Bridg, aiming to enhance its self-service advertising platform. The company boasts over 168 million monthly active users and significant market influence, processing approximately $3.4 trillion in annual spending. The leadership changes are expected to foster innovation and growth within the digital advertising space.
Cardlytics, Inc. (NASDAQ: CDLX) will host a virtual Investor Day on June 10, showcasing activation strategies for growth. Presentations will feature key executives including CEO Lynne Laube and CFO Andy Christiansen, discussing new user experience and integration strategies through acquisitions like Dosh and Bridg. The event starts at 9:30 a.m. ET and is expected to last about four hours. Interested parties can register through Cardlytics' investor relations site and view a live webcast.
Cardlytics (NASDAQ: CDLX) has announced its participation in the BofA Securities 2021 Global Technology Conference on June 9, 2021, at 3:15 PM ET. CEO Lynne Laube and CFO Andy Christiansen will present during the event, which will be available via a live audio webcast on the Cardlytics Investor Relations website. Following the event, an archive of the webcast will also be accessible. Cardlytics is a leading digital advertising platform that leverages consumer spending data to enhance marketing effectiveness.
Cardlytics, a leading digital advertising platform, will hold a virtual Investor Day on June 10, 2021, starting at 9:30 a.m. ET. Key executives including CEO Lynne Laube and CFO Andy Christiansen will present insights on the company’s initiatives and strategies. The event will be accessible via a live webcast on Cardlytics’ investor relations website, with a replay available afterward. Recently, Cardlytics acquired Dosh and Bridg to enhance its advertising capabilities. For more information, visit www.cardlytics.com.
Cardlytics, a major digital advertising platform listed on NASDAQ as CDLX, will present at the 16th Annual Needham Virtual Technology & Media Conference on May 18, 2021, at 3:45 p.m. ET. The presentation will feature CEO Lynne Laube and CFO Andy Christiansen and will be available via live audio webcast on the Cardlytics Investor Relations website. The company partners with financial institutions to enhance customer loyalty through banking rewards programs and recently acquired Dosh and Bridg to expand its capabilities.
Cardlytics (NASDAQ: CDLX) has successfully completed its acquisition of Bridg for approximately $350 million in cash. This acquisition aims to enhance Cardlytics’ digital advertising platform by integrating Bridg's customer data capabilities, providing SKU-level insights. The deal is strategically important as it addresses the loss of third-party cookies, allowing brands to leverage first-party insights while maintaining consumer privacy. Additionally, potential earnout payments of $100 million to $300 million are contingent on Bridg's revenue performance over the next two years.
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