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Jun 30, 2024

Cardlytics Q2 2024 Earnings Report

Cardlytics' financial results were announced for the second quarter ended June 30, 2024.

Key Takeaways

Cardlytics reported a revenue of $69.6 million, a decrease of 9% year-over-year. The company's MAUs increased by 3% year-over-year, reaching 165.5 million, while ARPU decreased to $0.42. The company is focused on modernizing its platform and confident in long term growth.

Revenue was $69.6 million, a decrease of 9% year-over-year.

Billings were $110.4 million, an increase of 1% year-over-year.

Net Loss was $(4.3) million, or $(0.09) per diluted share.

Cardlytics MAUs were 165.5 million, an increase of 3% year-over-year.

Total Revenue
$69.6M
Previous year: $76.7M
-9.2%
EPS
-$0.15
Previous year: -$0.24
-37.5%
Monthly Active Users
165.5M
Previous year: 188.1M
-12.0%
Average Revenue per User
$0.42
Previous year: $0.38
+10.5%
Gross Profit
$28.7M
Previous year: $30.5M
-5.9%
Cash and Equivalents
$71.2M
Previous year: $92.1M
-22.6%
Free Cash Flow
-$400K
Previous year: $5.77M
-106.9%
Total Assets
$534M
Previous year: $633M
-15.6%

Cardlytics

Cardlytics

Forward Guidance

Cardlytics anticipates Billings, Revenue, Adjusted Contribution and Adjusted EBITDA to be in the following ranges for Q3 2024.