NASDAQ$CDLX

Cardlytics Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Cardlytics' Q1 2024 financial results reflected progress in delivering value to consumers and advertising partners.

Cardlytics reported a 5% year-over-year increase in revenue, reaching $67.6 million, and a 10% increase in billings to $105.2 million. The company experienced a net loss of $(24.3) million, but achieved positive Adjusted EBITDA of $0.2 million. MAUs increased by 7% year-over-year to 168.5 million.

  • Revenue increased by 5% year-over-year to $67.6 million, or 8% excluding Entertainment.
  • Billings increased by 10% year-over-year to $105.2 million, or 12% excluding Entertainment.
  • Adjusted Contribution increased by 20% year-over-year to $37.1 million, or 27% excluding Entertainment.
  • Net Loss was $(24.3) million, while Adjusted EBITDA was a gain of $0.2 million.

Headline financials

Total Revenue

$67.6M

Previous: $64.3M+5.1%
EPS

-$0.56

Previous: -$0.25-124.0%
Billings

$105M

No prior period
Adjusted Contribution

$37.1M

No prior period
Adjusted EBITDA

$226K

No prior period
MQUs

191.2M

No prior period
ACPU

$0.17

No prior period
Capital Expenditures

-$651K

Previous: -$360K-80.8%
Free Cash Flow

-$24.9M

Previous: $13.2M-288.1%
Net Income

-$24.3M

Previous: $13.6M-278.4%
Operating Income

-$22.8M

Previous: $12.2M-286.7%
Gross Profit

$67.6M

Previous: $64.3M+5.1%
Cash & Equivalents

$97.8M

Previous: $139M-29.8%
Total Assets

$569M

Previous: $685M-16.9%
R&D Expense

$13M

No prior period
Stock-Based Comp

$11M

Previous: $7.97M+37.9%

Revenue & EPS history

Cardlytics · Revenue · Quarterly

$67.6M

Q1 2024+5.1%vs Q1 2023
Beat estimate in 9 of 14 quarters(64%)
ActualEstimate

Forward guidance

Cardlytics anticipates for Q2 2024, Billings to be in the range of $115.0 - $126.0 million, Revenue in the range of $73.0 - $81.0 million, Adjusted Contribution in the range of $40.0 - $45.0 million, and Adjusted EBITDA in the range of ($3.0) - $1.0 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 2024

Historical avgQ1 2024

-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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