AI Earnings Predictions for Cardlytics Inc. (CDLX)

EX-99.1

2 cdlx_form8-kx2026q3xex991.htm

EX-99.1

Document

Exhibit 99.1

Cardlytics Reports Third Quarter 2026 Financial Results and Provides Fourth Quarter Outlook

◦Revenues of $32.9 million

◦Billings of $57.2 million

◦Adjusted Contribution of $19.4 million

◦Net Loss of $(8.9) million and Adjusted EBITDA, a non-GAAP metric, was $0.4 million

Atlanta, GA – November 5, 2026 – Cardlytics, Inc. (NASDAQ: CDLX), a purchase intelligence platform, today announced financial results for the third quarter ended September 30, 2026.

"Our third quarter results came in below expectations,” said Amit Gupta, CEO of Cardlytics. “However, we remain encouraged by the progress towards our priorities. We are building supply by adding new CRP partners and continuing to grow our advertising base."

"We are running a leaner business, with lower costs, and a higher contribution margin,” said David Evans, CFO of Cardlytics. “We expect sequential growth in the fourth quarter as we work toward self-sustainability."

Third Quarter 2026 Financial Results

•Revenue was $32.9 million, a decrease of 30% year-over-year compared to $47.0 million in the third quarter of 2025.

•Billings, a non-GAAP metric, was $57.2 million, a decrease of 32% year-over-year compared to $84.1 million in the third quarter of 2025.

•Adjusted Contribution, a non-GAAP metric, was $19.4 million, a decrease of 24% year-over-year compared to $25.6 million in the third quarter of 2025.

•Net Loss was $(8.9) million in the third quarter of 2026, compared to $(72.7) million in the third quarter of 2025.

•Adjusted EBITDA, a non-GAAP metric, was $0.4 million compared to $3.3 million in the third quarter of 2025.

•Net Loss per share from continuing operations was $(1.26) per share, on a GAAP basis, compared to $(13.14) per share, in the third quarter of 2025. Adjusted Net Loss per share, on a Non-GAAP basis, was $(1.03) per share compared to $(0.58) per share in the third quarter of 2025.

•Net cash (used in) provided by operating activities was $(5.9) million, compared to $1.8 million in the third quarter of 2025.

•Free Cash Flow, a non-GAAP metric, was $(1.6) million, compared to $(2.7) million in the third quarter of 2025.

Key Metrics

•Cardlytics monthly qualified users ("MQUs") were 186.6 million, a decrease of 19% year-over-year, compared to 230.3 million in the third quarter of 2025.

•Cardlytics adjusted contribution per user ("ACPU") was $0.10 compared to $0.11 in the third quarter of 2025.

Definitions of MQUs and ACPU are included below under the caption “Other Performance Metrics."

CARDLYTICS, INC.

SUMMARY OF GAAP AND NON-GAAP RESULTS (UNAUDITED)

(Dollars in thousands)

Three Months Ended September 30,

20262025Change %

Billings(1)(2) $57,224 $84,124 (32)%

Consumer Incentives(2) 24,342 37,162 (34)%

Revenue(2) 32,882 46,962 (30)%

Partner Share and other third-party costs(2)

13,485 21,397 (37)%

Adjusted Contribution(1)(2) 19,397 25,565 (24)%

Delivery costs(2) 3,155 4,136 (24)%

Gross Profit(2) $16,242 $21,429 (24)%

Net Loss$(8,947)$(72,673)88 %

Adjusted EBITDA(1)(2) $386 $3,339 (88)%

Adjusted Contribution

% of Billings33.9 %30.4 %

% of Revenue59.0 %54.4 %

Adjusted EBITDA

% of Billings0.7 %4.0 %

% of Revenue1.2 %7.1 %

(1)Billings, Adjusted Contribution and Adjusted EBITDA are non-GAAP measures. Reconciliations of these non-GAAP measures to the most comparable GAAP measures are presented below under the headings "Reconciliation of GAAP Revenue to Billings," "Reconciliation of GAAP Gross Profit to Adjusted Contribution" and "Reconciliation of GAAP Net Loss to Adjusted EBITDA."

(2)Revenues, Consumer Incentives, Billings, Gross Profit, Adjusted Contribution, and Adjusted EBITDA reflect the effects of disposed businesses through the respective disposal dates. Reconciliations of these non-GAAP measures to the most comparable GAAP measures are presented below under the headings "Reconciliation of GAAP Revenue to Billings," "Reconciliation of GAAP Gross Profit to Adjusted Contribution" and "Reconciliation of GAAP Net Loss to Adjusted EBITDA."

Fourth Quarter 2026 Financial Expectations

Cardlytics anticipates Billings, Revenue, Adjusted Contribution and Adjusted EBITDA to be in the following ranges (in millions, except for percentage change rates):

Q4 2026 GuidanceYoY Change

Billings(1) $63.0 - $69.0(29%) - (22%)

Revenue$35.0 - $39.0(31%) - (23%)

Adjusted Contribution(2) $20.0 - $23.0(26%) - (15%)

Adjusted EBITDA(2) ($1.0) - $2.0($10.2) - ($7.2)

(1)A reconciliation of Billings to GAAP Revenue on a forward-looking basis is presented below under the heading "Reconciliation of Forecasted GAAP Revenue to Billings."

(2)A reconciliation of Adjusted Contribution to GAAP Gross Profit and a reconciliation of Adjusted EBITDA to Net Loss on a forward-looking basis is not available without unreasonable efforts due to the high variability, complexity and low visibility with respect to the items excluded from this non-GAAP measure.

Earnings Teleconf

EX-99.1

2 cdlx_form8-kx2026q2xex991.htm

EX-99.1

Document

Exhibit 99.1

Cardlytics Second Quarter 2026 Financial Results Driven By Strong Operational Performance

•Company delivers strong second quarter results:

◦Revenues of $36.9 million

◦Billings of $65.5 million

◦Adjusted Contribution of $21.3 million

◦Net Loss of $(14.9) million and Adjusted EBITDA, a non-GAAP metric, was $1.7 million

Atlanta, GA – August 5, 2026 – Cardlytics, Inc. (NASDAQ: CDLX), a purchase intelligence platform, today announced financial results for the second quarter ended June 30, 2026.

"The second quarter shows that our execution is translating directly into results. We were within our guidance across all key metrics, with margins improving every single month of the quarter,” said Amit Gupta, CEO of Cardlytics. “We added new advertiser relationships and deepened our partnerships with existing financial institutions this quarter, reinforcing that purchase intelligence remains our core competitive advantage. We have a clear and focused path to build long-term value for our shareholders."

"We continue to execute against our game plan for sequential growth and self-sustainability,” said David Evans, CFO of Cardlytics. “Our second quarter results were strong which shows our plan is working."

Second Quarter 2026 Financial Results

•Revenue was $36.9 million, a decrease of 36% year-over-year compared to $58.0 million in the second quarter of 2025.

•Billings, a non-GAAP metric, was $65.5 million, a decrease of 34% year-over-year compared to $98.8 million in the second quarter of 2025.

•Adjusted Contribution, a non-GAAP metric, was $21.3 million, a decrease of 32% year-over-year compared to $31.3 million in the second quarter of 2025.

•Net Loss was $(14.9) million in the second quarter of 2026, compared to $(9.3) million in the second quarter of 2025.

•Adjusted EBITDA, a non-GAAP metric, was $1.7 million compared to $3.0 million in the second quarter of 2025.

•Net Loss per share from continuing operations was $(1.50) per share, on a GAAP basis, compared to $(1.15) per share, in the prior year period. Adjusted Net Loss per share, on a Non-GAAP basis, was $(0.81) per share compared to $(0.60) per share in the prior year period.

•Net cash (used in) provided by operating activities was $(8.6) million, compared to $1.2 million in the second quarter of 2025.

•Free Cash Flow, a non-GAAP metric, was $(10.7) million, compared to $(3.4) million in the second quarter of 2025.

Key Metrics

•Cardlytics monthly qualified users ("MQUs") were 185.4 million, a decrease of 17% year-over-year, compared to 224.5 million in the second quarter of 2025.

•Cardlytics adjusted contribution per user ("ACPU") was $0.11 compared to $0.14 in the second quarter of 2025.

Definitions of MQUs and ACPU are included below under the caption “Other Performance Metrics."

CARDLYTICS, INC.

SUMMARY OF GAAP AND NON-GAAP RESULTS (UNAUDITED)

(Dollars in thousands)

Three Months Ended June 30,

20262025Change %

Billings(1)(2) $65,469 $98,840 (34)%

Consumer Incentives(2) 28,587 40,799 (30)%

Revenue(2) 36,882 58,041 (36)%

Partner Share and other third-party costs(2)

15,614 26,721 (42)%

Adjusted Contribution(1)(2) 21,268 31,320 (32)%

Delivery costs(2) 2,648 5,356 (51)%

Gross Profit(2) $18,620 $25,964 (28)%

Net Loss$(14,876)$(9,283)(60)%

Adjusted EBITDA(1)(2) $1,702 $2,996 (43)%

Adjusted Contribution

% of Billings32.5 %31.7 %

% of Revenue57.7 %54.0 %

Adjusted EBITDA

% of Billings2.6 %3.0 %

% of Revenue4.6 %5.2 %

(1)Billings, Adjusted Contribution and Adjusted EBITDA are non-GAAP measures. Reconciliations of these non-GAAP measures to the most comparable GAAP measures are presented below under the headings "Reconciliation of GAAP Revenue to Billings," "Reconciliation of GAAP Gross Profit to Adjusted Contribution" and "Reconciliation of GAAP Net Loss to Adjusted EBITDA."

(2)Revenues, Consumer Incentives, Billings, Gross Profit, Adjusted Contribution, and Adjusted EBITDA reflect the effects of disposed businesses through the respective disposal dates. Reconciliations of these non-GAAP measures to the most comparable GAAP measures are presented below under the headings "Reconciliation of GAAP Revenue to Billings," "Reconciliation of GAAP Gross Profit to Adjusted Contribution" and "Reconciliation of GAAP Net Loss to Adjusted EBITDA."

Third Quarter 2026 Financial Expectations

Cardlytics anticipates Billings, Revenue, Adjusted Contribution and Adjusted EBITDA to be in the following ranges (in millions, except for percentage change rates):

Q3 2026 GuidanceYoY Change

Billings(1) $61.0 - $67.0(27%) - (20%)

Revenue$34.0 - $39.0(27%) - (17%)

Adjusted Contribution(2) $20.0 - $23.0(22%) - (10%)

Adjusted EBITDA(2) $0 - $3.0($3.4) - ($0.4)

(1)A reconciliation of Billings to GAAP Revenue on a forward-looking basis is presented below under the heading "Reconciliation of Forecasted GAAP Revenue to Billings."

(2)A reconciliation of Adjusted Contribution to GAAP

SEC.gov | Request Rate Threshold Exceeded

U.S. Securities and Exchange Commission

You’ve Exceeded the SEC’s Traffic Limit

Your request rate has exceeded the SEC’s maximum allowable requests per second. Your access to SEC.gov will be limited for 10 minutes.

Current guidelines limit each user to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests. To ensure that SEC.gov remains available to all users, we reserve the right to block IP addresses that submit excessive requests.

The block will be lifted automatically by waiting 10 minutes. Continuing to exceed the SEC’s maximum allowable request rate during the time-out period will extend the duration of the time-out period. To ensure fair access for all users, please reduce the rate of your requests and visit SEC.gov again after the 10 minute time-out period has passed.

For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. You can also sign up for email updates on the SEC open data program, including best practices that make it more efficient to download data, and SEC.gov enhancements that may impact scripted downloading processes. For more information, contact opendata@sec.gov.

For more information, please see the SEC’s Web Site Privacy and Security Policy. Thank you for your interest in the U.S. Securities and Exchange Commission.

Reference ID: 0.c706d217.1784378299.d5923576

More Information

Internet Security Policy

By using this site, you are agreeing to security monitoring and auditing. For security purposes, and to ensure that the public service remains available to users, this government computer system employs programs to monitor network traffic to identify unauthorized attempts to upload or change information or to otherwise cause damage, including attempts to deny service to users.

Unauthorized attempts to upload information and/or change information on any portion of this site are strictly prohibited and are subject to prosecution under the Computer Fraud and Abuse Act of 1986 and the National Information Infrastructure Protection Act of 1996 (see Title 18 U.S.C. §§ 1001 and 1030).

To ensure our website performs well for all users, the SEC monitors the frequency of requests for SEC.gov content to ensure automated searches do not impact the ability of others to access SEC.gov content. We reserve the right to block IP addresses that submit excessive requests. Current guidelines limit users to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests.

If a user or application submits more than 10 requests per second, further requests from the IP address(es) may be limited for a brief period. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. This SEC practice is designed to limit excessive automated searches on SEC.gov and is not intended or expected to impact individuals browsing the SEC.gov website.

Note that this policy may change as the SEC manages SEC.gov to ensure that the website performs efficiently and remains available to all users.

Note: We do not offer technical support for developing or debugging scripted downloading processes.