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Sep 30, 2020
Cardlytics Q3 2020 Earnings Report
Cardlytics' Q3 2020 financial performance saw a year-over-year revenue decrease, but the company expressed optimism about momentum in new business areas and progress in its platform development.
Key Takeaways
Cardlytics reported a decrease in revenue and billings compared to the third quarter of 2019. Revenue was $46.1 million, an 18% decrease year-over-year, while billings decreased by 25% to $62.1 million. The company's net loss was $(15.2) million, or $(0.56) per diluted share.
Revenue decreased by 18% year-over-year to $46.1 million.
Billings decreased by 25% year-over-year to $62.1 million.
Net loss attributable to common stockholders was $(15.2) million, or $(0.56) per diluted share.
FI MAUs increased by 26% to 161.6 million, while ARPU decreased by 34% to $0.29.
Cardlytics
Cardlytics
Forward Guidance
Cardlytics anticipates billings to be between $79.0 million and $89.0 million and revenue to be between $55.0 million and $62.0 million for Q4 2020.