Cardlytics Q1 2024 Earnings Report
Key Takeaways
Cardlytics reported a 5% year-over-year increase in revenue, reaching $67.6 million, and a 10% increase in billings to $105.2 million. The company experienced a net loss of $(24.3) million, but achieved positive Adjusted EBITDA of $0.2 million. MAUs increased by 7% year-over-year to 168.5 million.
Revenue increased by 5% year-over-year to $67.6 million, or 8% excluding Entertainment.
Billings increased by 10% year-over-year to $105.2 million, or 12% excluding Entertainment.
Adjusted Contribution increased by 20% year-over-year to $37.1 million, or 27% excluding Entertainment.
Net Loss was $(24.3) million, while Adjusted EBITDA was a gain of $0.2 million.
Cardlytics
Cardlytics
Forward Guidance
Cardlytics anticipates for Q2 2024, Billings to be in the range of $115.0 - $126.0 million, Revenue in the range of $73.0 - $81.0 million, Adjusted Contribution in the range of $40.0 - $45.0 million, and Adjusted EBITDA in the range of ($3.0) - $1.0 million.