NASDAQ$CDLX

Cardlytics Inc · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Cardlytics' financial performance improved, marked by revenue growth and increased profitability.

Cardlytics reported a 9% year-over-year increase in revenue, reaching $79.0 million for the third quarter of 2023. The company also saw a significant improvement in gross profit, which increased by 38% compared to the same period last year. Additionally, Cardlytics reported a net loss attributable to common stockholders of $(24.0) million, or $(0.63) per diluted share, and a non-GAAP net loss was $0.3 million, or $0.01 per diluted share.

  • Revenue increased by 9% year-over-year to $79.0 million.
  • Gross profit increased by 38% year-over-year to $35.8 million.
  • Cardlytics MAUs increased by 4% year-over-year to 162.5 million.
  • Cardlytics ARPU increased to $0.49 compared to $0.47 in the third quarter of 2022.

Headline financials

Total Revenue

$79M

Previous: $72.7M+8.7%
EPS (adj)

-$0.01

Previous: -$0.50+98.0%
Capital Expenditures

-$393K

Previous: -$1.09M+63.9%
Free Cash Flow

-$24.4M

Previous: $5.18M-570.5%
Net Income

-$24M

Previous: $6.27M-482.4%
Operating Income

-$20.7M

Previous: $11.5M-279.3%
Gross Profit

$79M

Previous: $72.7M+8.7%
Cash & Equivalents

$90.1M

Previous: $139M-35.0%
Total Assets

$635M

Previous: $1.07B-40.5%
R&D Expense

$12.4M

No prior period
Stock-Based Comp

$10.2M

Previous: $5.77M+77.7%

Revenue & EPS history

Cardlytics · Revenue · Quarterly

$79M

Q3 2023+8.7%vs Q3 2022
Beat estimate in 9 of 14 quarters(64%)
ActualEstimate

Forward guidance

Cardlytics anticipates billings to be between $122.0 - $133.0 million, revenue between $82.0 - $90.0 million, adjusted contribution between $44.0 - $50.0 million and adjusted EBITDA between $4.0 - $8.0 million for Q4 2023.

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 Q3 2023

Historical avgQ3 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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