Cardlytics Stock Price, News & Analysis

Cardlytics, Inc. (NASDAQ: CDLX), an advertising platform in banks' digital channels, has announced the granting of 49,900 restricted stock units to seven newly hired employees. The grants were approved by the Compensation Committee of Cardlytics' Board of Directors on August 19, 2024, as material inducements to employment under Nasdaq Listing Rule 5635(c)(4).

The restricted stock units were granted under the Cardlytics, Inc. 2022 Inducement Plan. For all recipients, 50% of the units will vest on the first anniversary of the grant date, with the remaining 50% vesting quarterly over the subsequent 12 months, subject to continuous service with Cardlytics.

Cardlytics (NASDAQ: CDLX) reported Q2 2024 financial results, showing mixed performance. Revenue decreased 9% year-over-year to $69.6 million, while billings increased 1% to $110.4 million. The company faced challenges with slower-than-anticipated billings growth and higher consumer incentives. Net loss improved to $(4.3) million from $(23.5) million in Q2 2023. Adjusted EBITDA loss narrowed to $(2.3) million from $(4.1) million last year.

Key metrics showed Cardlytics MAUs increased 3% to 165.5 million, but ARPU declined to $0.42 from $0.48 in Q2 2023. The company remains confident in its long-term potential despite near-term challenges. For Q3 2024, Cardlytics expects billings between $100-$106 million and revenue between $56-$63 million.

Cardlytics, Inc. (NASDAQ: CDLX) has announced a significant leadership change. Amit Gupta, currently Chief Operating Officer and General Manager of Bridg, will become the new Chief Executive Officer effective August 16, 2024. He will also join the company's Board of Directors. Gupta replaces Karim Temsamani, who is stepping down to pursue another opportunity.

Gupta, who joined Cardlytics in January 2023, has been instrumental in setting the course for the company's transformation and long-term growth plans. With his extensive product and technology experience, he is expected to lead Cardlytics in its next growth phase, focusing on modernizing the tech platform and executing the revenue diversification strategy with Bridg.

Cardlytics (NASDAQ: CDLX), an advertising platform in banks' digital channels, has announced the timing of its second quarter 2024 earnings release. The financial results for the quarter ended June 30, 2024, will be released on August 7, 2024, after market close. The company will host a conference call to discuss the results at 5:00 PM (ET) / 2:00 PM (PT) on the same day.

Investors are invited to join a live audio webcast or dial in to participate in the earnings call. A replay of the call will be available on the Cardlytics Investor Relations website for those unable to attend the live event.

Cardlytics' Bridg division announced that Giant Eagle's Leap Media Group has joined the Rippl data and media network. This collaboration provides advertisers access to over 70 million shopper profiles, enhancing data-driven advertising strategies. Rippl's cookieless identity resolution technology and SKU-level purchase data enable tailored campaigns and consistent performance measurement across retailers. Giant Eagle's participation aims to elevate shopper engagement, drive growth, and ensure data privacy.

Cardlytics, Inc. announced their first quarter 2024 financial results, showcasing a 5% increase in revenue, 10% growth in billings, and a 20% rise in adjusted contribution year-over-year. Despite a net loss, the company saw positive adjusted EBITDA and improvement in balance sheet, with strong momentum in international business.

Cardlytics, Inc. announced the grant of 38,500 restricted stock units to five new employees as inducements for employment. The grants were made under the 2022 Inducement Plan in accordance with Nasdaq Listing Rule 5635(c)(4). The restricted stock units have different vesting schedules, with some vesting in full after one year and others vesting partially over a period of 12 months.