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 reports as a Nasdaq-listed commerce media platform that connects advertisers with consumers through publishers’ digital channels and a card-linked offer network. Company updates commonly cover revenue, billings, consumer incentives, partner-share costs, adjusted contribution, Adjusted EBITDA, and guidance tied to advertiser demand and publisher relationships.
Recurring announcements also address governance and equity compensation under its inducement plan, capital-structure matters, and strategic portfolio actions. Recent company history includes the completed divestiture of Bridg, the identity resolution and shopper intelligence platform that had used point-of-sale data for analytics, loyalty marketing, and measurement.
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.
Cardlytics, a leader in digital banking advertising, announced its participation in the 23rd Annual Needham Virtual Growth Conference. CEO Lynne Laube will present on January 13, 2021, at 12:30 p.m. ET, with a live audio webcast accessible on the company’s Investor Relations website. Cardlytics collaborates with financial institutions to enhance customer loyalty through banking rewards programs, leveraging consumer spending insights to optimize marketing efforts. The company is headquartered in Atlanta, with additional locations in London, New York, San Francisco, and Visakhapatnam.
Cardlytics (NASDAQ: CDLX) announced a multi-year renewal of its Spending Rewards Agreement with Lloyds Bank Plc on December 16, 2020. This agreement extends their partnership to provide Cardlytics Direct to Lloyds customers through December 31, 2023. The renewal signifies ongoing collaboration in enhancing customer loyalty and banking relationships through targeted advertising in banks' digital channels. More information is available on the Cardlytics Investor Relations site.
Cardlytics (NASDAQ: CDLX) announced its participation in two upcoming virtual conferences. CEO Lynne Laube and CFO Andy Christiansen will present at the Wells Fargo Securities Virtual TMT Summit on December 1, 2020, at 10:40 a.m. ET, and at the Raymond James 2020 Virtual Technology Investors Conference on December 8, 2020, at 4:10 p.m. ET. Both presentations will be webcast live on the Cardlytics Investor Relations website. Cardlytics is focused on leveraging insights from consumer spending to enhance marketing effectiveness and deepen banking relationships.
Cardlytics, Inc. (NASDAQ: CDLX) reported third-quarter 2020 results, showing revenue of $46.1 million, down 18% year-over-year from $56.4 million. Billings also decreased by 25% to $62.1 million, while gross profit fell 30% to $14.6 million. Net loss increased to $(15.4) million, or $(0.56) per diluted share, compared to $(7.7) million in Q3 2019. Despite challenges, the company highlights a 26% rise in Financial Institution Monthly Active Users (FI MAUs) to 161.6 million. For Q4 2020, Cardlytics expects revenue between $55.0 and $62.0 million.
Cardlytics (NASDAQ: CDLX) will announce its third quarter financial results on November 2, 2020, after market close. A conference call to discuss these results will follow at 5:00 PM ET. Investors can access a live audio webcast on their Investor Relations website. The call can be joined by phone, with specific numbers for domestic and international callers. A replay will be available until November 9, 2020. The company specializes in advertising within banks' digital channels, enhancing customer loyalty through banking rewards programs.
Cardlytics, Inc. (CDLX) announced the pricing of $200 million in 1.00% convertible senior notes due 2025 in a private placement aimed at qualified institutional buyers. The notes will accrue interest semiannually, maturing on September 15, 2025, with an initial conversion price of approximately $85.14 per share. Net proceeds are estimated at $193.5 million, intended for capped call transactions and general corporate purposes, including potential acquisitions. The offering is set to close on September 22, 2020, subject to customary conditions.
Cardlytics (NASDAQ: CDLX) announced a proposed offering of $200 million in convertible senior notes due 2025, with an option for initial purchasers to buy an additional $30 million. The notes, which will be unsecured and pay semiannual interest, may be converted into cash or shares of the company’s common stock. Proceeds will be used for capped call transactions, working capital, and potential acquisitions. The offering is targeting qualified institutional buyers and is not registered under the Securities Act.