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Jun 30, 2022

Cardlytics Q2 2022 Earnings Report

Cardlytics reported an increase in revenue and MAUs, but also a larger net loss compared to the same quarter last year.

Key Takeaways

Cardlytics announced financial results for the second quarter ended June 30, 2022, revealing a 28% increase in revenue year-over-year to $75.4 million. However, the net loss attributable to common stockholders significantly increased to $(126.3) million, or $(3.75) per diluted share, compared to $(47.3) million, or $(1.43) per diluted share, in the second quarter of 2021.

Revenue increased by 28% year-over-year, reaching $75.4 million.

Cardlytics MAUs increased by 7% year-over-year, totaling 179.9 million.

Cardlytics ARPU increased by 12% year-over-year, reaching $0.38.

Net loss attributable to common stockholders was $(126.3) million, or $(3.75) per diluted share.

Total Revenue
$75.4M
Previous year: $58.9M
+28.1%
EPS
-$0.65
Previous year: -$0.39
+66.7%
Monthly Active Users
179.9M
Previous year: 167.6M
+7.3%
Average Revenue per User
$0.38
Previous year: $0.34
+11.8%
Gross Profit
$27M
Previous year: $23.2M
+16.4%
Cash and Equivalents
$157M
Previous year: $251M
-37.3%
Free Cash Flow
-$7.17M
Total Assets
$1.09B
Previous year: $1.23B
-11.6%

Cardlytics

Cardlytics

Forward Guidance

Cardlytics expects year-over-year growth of approximately 10 to 15% in the back half of 2022.