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) reported Q1 2021 revenue of $53.2 million, up 17% year-over-year. Billings reached $76.3 million, a 13% increase, and gross profit rose 22% to $19.5 million. Despite these gains, the company recorded a net loss of $(24.9) million, or $(0.85) per diluted share. Monthly Active Users (MAUs) increased to 168.6 million, a 20% growth. Cardlytics anticipates Q2 2021 revenue between $58.0 million and $65.0 million and full-year guidance of $260.0 million to $285.0 million.
Cardlytics (NASDAQ: CDLX) will announce its first-quarter financial results for 2021 on May 4, after market close. A conference call will follow at 5 PM ET. The company specializes in digital advertising through banking channels, providing insights into consumer spending for effective marketing. Recently, it acquired Dosh and has signed a definitive agreement to acquire Bridg, enhancing its service offerings. Cardlytics aims to deepen banking relationships via customer loyalty programs.
Cardlytics (NASDAQ: CDLX) announced its plan to acquire Bridg, a customer data platform, for approximately $350 million in cash. This strategic move will integrate Bridg's SKU-level insights with Cardlytics' advertising platform, enhancing marketers' ability to understand and reach consumers effectively. The acquisition aims to create a self-serve marketing solution for over 163 million monthly active users. Additionally, Cardlytics may make further earnout payments between $100 million to $300 million based on Bridg's performance.
On March 9, 2021, Cardlytics (NASDAQ: CDLX) announced the completion of its $275 million acquisition of Dosh, a cash-back offers platform. This strategic move aims to enhance Cardlytics’ digital advertising capabilities by integrating Dosh's innovative platform with its existing audience of over 163 million monthly active users. Dosh will continue to operate separately under its CEO, Ryan Wuerch, while reporting to Cardlytics' CEO, Lynne Laube. This acquisition marks Cardlytics' first in its 13-year history, potentially driving growth in advertising partnerships.
Cardlytics (NASDAQ: CDLX) announced a public offering of 3,850,000 shares at $130.00 each, aiming for approximately $500.5 million in gross proceeds. The offering, expected to close around March 5, 2021, includes a 30-day option for underwriters to purchase an additional 577,500 shares. BofA Securities and J.P. Morgan are leading the underwriting. The offering follows a shelf registration effective March 1, 2021. This capital will likely support business growth and operational initiatives.
Cardlytics (NASDAQ: CDLX) has announced a public offering of $500 million in common stock, with an option for underwriters to purchase an additional $75 million. The offering is subject to market conditions, and no assurance can be given regarding its completion. Joint book-running managers include BofA Securities and J.P. Morgan, with Wells Fargo and Raymond James also participating. A registration statement has been filed with the SEC, which became effective on March 1, 2021. Cardlytics focuses on advertising in banks’ digital channels and enhancing customer loyalty through insights into consumer spending.
Cardlytics, a purchase intelligence platform, reported its Q4 and full-year results for 2020, revealing a 3.2% decrease in Q4 revenue to $67.1 million and an 11.2% decline in total revenue for the year at $186.9 million. Net loss attributable to common stockholders was $(6.8) million for Q4 and $(55.4) million for the fiscal year. Key metrics showed a 22.6% increase in average FI MAUs, while ARPU fell 21.2% in Q4. Looking ahead, the company expects Q1 2021 billings between $67-$75 million and total revenue of $47-$53 million.
Cardlytics (NASDAQ: CDLX) announced its acquisition of Dosh, a cash-back offers platform, for $275 million in cash and stock. Founded in 2016, Dosh's app provides cash-back offers to consumers and has seen year-over-year growth by partnering with financial institutions. Cardlytics expects the integration to enhance its advertising platform, which currently serves over 163 million monthly active users, by leveraging Dosh's technology for better consumer engagement. The transaction is set to close later this quarter, with BofA Securities advising Cardlytics on the deal.
Cardlytics (NASDAQ: CDLX) announced its participation in two upcoming conferences: the Raymond James 42nd Annual Institutional Investors Conference and the Truist Securities Technology, Internet & Services Conference. CEO Lynne Laube and CFO Andy Christiansen will present at the Raymond James conference on March 3, 2021, at 10:50 a.m. ET, and at the Truist conference on March 9, 2021, at 10:30 a.m. ET. Both presentations will be webcast live, with archives available afterward on the Cardlytics Investor Relations website.
Cardlytics, operating under NASDAQ: CDLX, will release its fourth quarter and fiscal year 2020 financial results on March 1, 2021, before market open. A conference call scheduled for 8:00 AM (ET) will discuss these results.
The company partners with financial institutions to enhance customer loyalty by providing insights into consumer spending, thereby helping marketers effectively reach potential buyers.
FAQ
What is the current stock price of Cardlytics (CDLX)?
What is the market cap of Cardlytics (CDLX)?
What does Cardlytics, Inc. do?
Where is Cardlytics headquartered?
What are the main segments of Cardlytics’ operations?
What recent achievements has Cardlytics made?
What is the Rippl data and media network?
How does Cardlytics help marketers?
What financial institutions does Cardlytics partner with?
What are the preliminary financial results for Q4 2023?
How does the Bridg platform generate revenue?
What is Cardlytics’ main focus moving forward?
