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Sep 30, 2022

Cardlytics Q3 2022 Earnings Report

Cardlytics experienced double-digit revenue growth, driven by solid performance despite economic challenges.

Key Takeaways

Cardlytics announced its Q3 2022 financial results, demonstrating a 12% year-over-year revenue increase to $72.7 million. The company reported a net income attributable to common stockholders of $6.3 million, or $0.19 per diluted share, compared to a net loss of $(44.5) million, or $(1.35) per diluted share in Q3 2021.

Revenue increased by 12% year-over-year to $72.7 million.

Billings increased by 12% year-over-year to $110.4 million.

Net income attributable to common stockholders was $6.3 million, or $0.19 per diluted share.

Cardlytics MAUs increased by 8% year-over-year to 184.7 million.

Total Revenue
$72.7M
Previous year: $65M
+11.9%
EPS
-$0.5
Previous year: -$0.33
+51.5%
Monthly Active Users
184.7M
Previous year: 170.6M
+8.3%
Average Revenue per User
$0.36
Previous year: $0.36
+0.0%
Gross Profit
$26M
Previous year: $24.5M
+6.2%
Cash and Equivalents
$139M
Previous year: $237M
-41.6%
Free Cash Flow
-$14.6M
Previous year: -$10.8M
+35.3%
Total Assets
$1.07B
Previous year: $1.22B
-12.9%

Cardlytics

Cardlytics

Forward Guidance

Cardlytics anticipates billings to be between $120.0 million and $132.0 million, revenue between $80.0 million and $90.0 million, and adjusted contribution between $38.0 million and $44.0 million for Q4 2022.