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Mar 31, 2020
Cardlytics Q1 2020 Earnings Report
Cardlytics reported solid first quarter results, with revenue increasing by 26% year-over-year.
Key Takeaways
Cardlytics announced financial results for the first quarter ended March 31, 2020. Revenue was $45.5 million, an increase of 26% year-over-year. FI MAUs were 140.8 million, an increase of 30%, and ARPU was $0.32, a decrease of (3)%.
Revenue was $45.5 million, an increase of 26% year-over-year.
Billings was $67.8 million, an increase of 16% year-over-year.
Gross profit was $16.0 million, an increase of 16% year-over-year.
FI MAUs were 140.8 million, an increase of 30% year-over-year.
Cardlytics
Cardlytics
Forward Guidance
The company is comfortable that its current capitalization and liquidity will provide the financial flexibility to weather the economic downturn triggered by COVID-19 and continue with some prudent, strategic investments.