NASDAQ$CDLX

Cardlytics Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Announced financial results for the first quarter ended March 31, 2023.

Cardlytics' Q1 2023 revenue was $64.3 million, a decrease of 5% year-over-year. Net income attributable to common stockholders was $13.6 million, or $0.40 per diluted share. Cardlytics MAUs were 188.8 million, an increase of 6% year-over-year.

  • Revenue was $64.3 million, a decrease of (5)% year-over-year.
  • Billings was $95.6 million, a decrease of (3)% year-over-year.
  • Gross profit was $24.5 million, a decrease of (7)% year-over-year.
  • Net income attributable to common stockholders was $13.6 million, or $0.40 per diluted share.

Headline financials

Total Revenue

$64.3M

Previous: $67.9M-5.3%
EPS (adj)

-$0.25

Previous: -$0.38+34.2%
Capital Expenditures

-$360K

Previous: -$397K+9.3%
Free Cash Flow

$13.2M

Previous: $32.6M-59.4%
Net Income

$13.6M

Previous: $33M-58.8%
Operating Income

$12.2M

Previous: $35.7M-65.7%
Gross Profit

$64.3M

Previous: $67.9M-5.3%
Cash & Equivalents

$139M

Previous: $208M-33.2%
Total Assets

$685M

Previous: $1.23B-44.4%
Stock-Based Comp

$7.97M

Previous: $13.6M-41.3%

Revenue & EPS history

Cardlytics · Revenue · Quarterly

$64.3M

Q1 2023-5.3%vs Q1 2022
Beat estimate in 9 of 14 quarters(64%)
ActualEstimate

Forward guidance

Cardlytics anticipates billings, revenue, adjusted contribution and adjusted EBITDA to be in the following ranges for Q2 2023: Billings $98.0 - $109.0 million, Revenue $65.0 - $74.0 million, Adjusted contribution $32.0 - 38.0 million, Adjusted EBITDA ($10.0) - ($6.0) million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

-6.1%

Avg return

Earnings day

-6.2%

Avg return

5 days after

+14.5%

Avg return

30 days after

47%

16 / 34 earnings

Positive

+68.6%

Q4 2023

Best reaction

-59.6%

Q2 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.0%-15.0%+654.7%
Q4 2025-9.9%-21.8%+25.6%
Q3 2025-28.5%-16.5%-37.5%
Q1 2025-13.0%-2.8%-17.1%
Q4 2024+4.5%+18.7%-25.3%
Q3 2024-13.2%-3.0%-15.8%
Q2 2024-59.6%-51.9%-53.1%
Q1 2024-39.8%-40.8%-43.4%
Q4 2023+68.6%+64.0%+57.8%
Q3 2023-55.7%-47.6%-40.1%
Q2 2023+15.7%+21.2%+42.8%
Q1 2023-26.0%-29.4%-29.9%
Q4 2022-10.8%-9.4%-37.7%
Q3 2022-52.2%-51.2%-52.9%
Q2 2022+18.3%+10.6%-7.6%
Q1 2022+10.2%-8.5%-24.2%
Q4 2021+5.7%-7.1%-5.2%
Q3 2021+6.7%+8.3%-20.4%
Q2 2021-32.5%-29.2%-22.3%
Q1 2021-20.6%-24.8%-24.2%
Q4 2020+1.2%-3.3%-17.2%
Q3 2020+2.9%+22.7%+56.5%
Q2 2020-9.1%-8.9%+0.8%
Q1 2020+13.0%+8.9%+50.9%
Q4 2019-36.4%-43.7%-64.3%
Q3 2019+43.6%+42.9%+44.4%
Q2 2019+20.0%+24.1%+39.8%
Q1 2019+20.9%+14.8%+47.1%
Q4 2018-5.6%-11.7%-7.2%
Q3 2018-24.9%-19.9%-29.3%
Q2 2018+0.3%+3.0%+27.3%
Q2 2017+0.3%+3.0%+27.3%
Q1 2018-1.0%-7.4%+6.5%
Q4 2017+1.0%+0.5%-13.6%
Q3 2017
Q1 2017
Q4 2016
Q3 2016
Q2 2016
Q1 2016

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