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As marketers, we know to put the needs of our customers first. Yet, we frequently still structure goals to drive purchases through distinct sales channels: in-store vs. online vs. mobile. Even with the best of intentions for an integrated approach, our marketing efforts don’t necessarily correspond to how customers actually shop. To identify the real omni opportunity available to marketers, our analytics team looked at consumer-level purchase behavior across online and in-store channels.

There is massive upside to driving omni shopping behavior – and lots of room to grow

It’s not news that consumers are relying on the convenience of shopping both online and in-store.  Our data shows that 94% of retail consumers shop both in-store and online regularly. What’s interesting is that there is a significant gap between a customer’s overall shopping behavior and their likelihood to be an omni customer at a particular retailer. It turns out that customers are rarely omni shopping with the same retailer. In fact, only 9% of customers at top retailers are omni customers with that brand, so you can see the incredible headroom that exists for marketers. It’s not that omni shopping behavior isn’t happening, it just isn’t happening enough within each retailer's properties.

Only 9% of customers at top retailers are omni customers with that brand, so you can see the incredible headroom that exists for marketers."

While retailer-specific omni behavior is stronger in some categories than others, there is still room for growth. In the apparel category, 22% of shoppers were retailer-specific omni customers, home and garden shoppers 17%, office supply shoppers 16%, and pet shoppers 13%. Customers are making omni purchases, and the marketers who are thinking about their sales channels as an “and” for their customers, and not an “or”, are reaping the rewards.

It turns out that the industry buzz around omni isn’t just hype. By evaluating where sales are happening based on actual purchase data, we see that omni customers – those who shop with a brand both online and in-store – spend significantly more. In the retail vertical alone, omni customers spend 82% more than customers who shop only in-store or only online. Converting customers from shopping in a single channel to omni can be a leading driver of loyalty and make a material difference to the bottom line.

In the retail vertical alone, omni customers spend 82% more than customers who shop only in-store or only online."

Be there throughout your customer's path to purchase

It’s critical that marketers build their campaigns with customer shopping behavior in mind in order to unlock the value of a true omni shopper. To encourage omni adoption, a consistent experience for customers throughout their purchase journey is a must, regardless of channel. As a native ad platform in banks’ digital channels, Cardlytics provides valuable cash-back offers to customers regardless of the channel through which they ultimately choose to buy. We help marketers capture the full opportunity within their own customer base by pinpointing their best omni customers (i.e., which customers are heavy omni shoppers, just not yet with that brand). We also help identify new opportunities to drive more sales from customers who are omni within their category.

Contact us today to evaluate omni consumer strategies in order to win the next sale, and the next, and the next.

Co-Founder and COO Lynne Laube to become CEO; CEO Scott Grimes to become Executive Chairman in new role

CFO David Evans to become Chief Administrative Officer in new role; SVP and Controller Andy Christiansen to become CFO

ATLANTA, GA – March 3, 2020 – Cardlytics (NASDAQ: CDLX), a purchase intelligence platform that makes marketing more relevant and measurable, today announced the creation of two new leadership roles and internal promotions for the CEO and CFO positions. Effective May 15, Cardlytics Co-Founder and COO Lynne Laube, 50, will become CEO. Cardlytics Co-Founder and CEO Scott Grimes, 57, will become Executive Chairman of the Board in a newly-created role, and John Balen, Chairman of the Cardlytics Board, will retain a leadership position on the board as Lead Independent Director at that time.

In another new role, Cardlytics CFO David Evans, 44, will become Chief Administrative Officer, reporting directly to Laube. Cardlytics SVP and Controller Andy Christiansen, 40, will become CFO. Evans and Christiansen assume their new roles on March 4.

Balen said, “On behalf of the Board, we are pleased to announce Cardlytics’ new leadership structure, including the creation of two new roles. Cardlytics has seen tremendous growth since Scott and Lynne founded the company 12 years ago. By leveraging existing leaders in new positions, we believe the company will be extremely well-positioned as it continues to scale.”

Grimes said, “I’m happy to announce these changes to our leadership team structure to prepare us for continued growth. Lynne has always been the clear choice as the next CEO, and is the right leader to further unlock the value of the unique platform we have built. David Evans will move into a broader and much-needed role as Chief Administrative Officer; and Andy Christiansen, who has served as our SVP and Controller for more than five years, is the clear choice to serve as our next Chief Financial Officer. These announcements formalize a transition that has been underway for some time as part of our long-term succession planning. I am confident in our plans and feel that these moves best position Cardlytics to execute against our significant long-term growth opportunities.”

Laube said, “I look forward to assuming the role of CEO in May, and continue to be incredibly excited about the future of Cardlytics. I am pleased to work with Scott, David, and Andy in their new roles, and as a team, we remain laser-focused on our key long-term priorities and evolving the Cardlytics platform.”

Investor Conference Call

As previously announced, Cardlytics will conduct a Fourth Quarter and Full Year 2019 Earnings Conference call at 5:00pm (ET) / 2:00pm (PT) today, March 3. To listen to the live webcast, please visit the Cardlytics Investor Relations website at http://ir.cardlytics.com/. A replay will be available.

About Cardlytics

Cardlytics (NASDAQ: CDLX) uses purchase intelligence to make marketing more relevant and measurable. We partner with financial institutions to run their banking rewards programs that promote customer loyalty and deepen banking relationships. In turn, we have a secure view into where and when consumers are spending their money. We use these insights to help marketers identify, reach, and influence likely buyers at scale, as well as measure the true sales impact of marketing campaigns. Headquartered in Atlanta, Cardlytics has offices in London, New York, San Francisco, and Visakhapatnam. Learn more at www.cardlytics.com.

Cautionary Language Concerning Forward-Looking Statements:

This press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, including the impact of the senior leadership promotions, Cardlytics continuing to scale and long-term growth opportunities. These forward-looking statements are made as of the date they were first issued and were based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. Words such as "expect," "anticipate," "should," "believe," "hope," "target," "project," "goals," "estimate," "potential," "predict," "may," "will," "might," "could," "intend," or variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond our control.

Our actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to: our financial performance, including our revenue, margins, costs, expenditures, growth rates and operating expenses, and our ability to sustain revenue growth, generate positive cash flow and become profitable; our substantial dependence on our Cardlytics Direct product; risks related to our substantial dependence on JPMorgan Chase Bank, National Association (“Chase”), Bank of America, National Association ("Bank of America"), Wells Fargo Bank, National Association (“Wells Fargo”) and a limited number of other financial institutions (“FIs”) partners; our ability to successfully maintain relationships with Chase, Wells Fargo and Bank of America; the amount and timing of budgets by marketers, which are affected by budget cycles, economic conditions and other factors; our ability to generate sufficient revenue to offset contractual commitments to FIs; our ability to attract new FI partners and maintain relationships with bank processors and digital banking providers; our ability to maintain relationships with marketers; our ability to adapt to changing market conditions, including our ability to adapt to changes in consumer habits, negotiate fee arrangements with new and existing FIs and retailers, and develop and launch new services and features; and other risks detailed in the “Risk Factors” section of our Form 10-K filed with the Securities and Exchange Commission on March 3, 2020 and in subsequent periodic reports that we file with the Securities and Exchange Commission. Past performance is not necessarily indicative of future results.

The forward-looking statements included in this press release represent our views as of the date of this press release. We anticipate that subsequent events and developments will cause our views to change. We undertake no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to the date of this press release.

Executives will Present at Brand Innovators & High-Tech Retailing Events Alongside Uber, Saatva, Intuit, Facebook, & Other Top Brands

ATLANTA, GA – Dec. 31, 2019 – Cardlytics (NASDAQ: CDLX), a purchase intelligence platform that makes marketing more relevant and measurable, will present at CES (January 6 - 9 in Las Vegas, Nevada) on how brand marketers can navigate critical challenges—such as the growth of omnichannel shopping and generating lasting customer loyalty to drive revenue.

Key Cardlytics presentations include:

• High-Tech Retailing: Ross McNab, Cardlytics’ President of U.S. Advertising, will join executives from Saatva, Facebook, Johnson & Johnson Consumer Health, Meijer, and Coresight Research on Wednesday, January 8, at 12:15 p.m. PST at the Las Vegas Convention Center. While traditional retail continued to face strong headwinds in 2019, many digitally native, high-growth companies expanded by opening physical locations. The panel, From Clicks to Bricks: Online Gets Physical, discusses this growing trend, and how marketers can build their own winning omnichannel strategies to drive revenue.
  
  
• Brand Innovators Mega-Trends: Dani Cushion, Cardlytics’ Chief Marketing Officer, will moderate a Women in Marketing Leadership session with thought leaders from Uber, Intuit, Sutter Health, and Crane USA on Wednesday, January 8, at 11:35 a.m. PST at the Four Seasons Hotel Las Vegas. The panelists will share their perspectives on the most important topics in marketing today, how they build customer loyalty, and how their paths to success can help guide other women to excel as leaders.

“As customer shopping behavior evolves, marketers are relying on innovative technology solutions and data-driven insights to drive growth,” said Cardlytics’ CMO, Dani Cushion. “As the only native ad platform built within banks’ digital channels and a view into $2.8T in purchase data, Cardlytics is intimately familiar with the challenges facing brands today. We look forward to sharing purchase-based insights to help CES attendees achieve their 2020 goals.”

For more information on how to meet with Cardlytics executives at CES, visit the Cardlytics blog.

About Cardlytics

Cardlytics (NASDAQ: CDLX) uses purchase intelligence to make marketing more relevant and measurable. We partner with financial institutions to run their banking rewards programs that promote customer loyalty and deepen banking relationships. In turn, we have a secure view into where and when consumers are spending their money. We use these insights to help marketers identify, reach and influence likely buyers at scale, as well as measure the true sales impact of marketing campaigns. Headquartered in Atlanta, Cardlytics has offices in London, New York, San Francisco, and Visakhapatnam. Learn more at www.cardlytics.com.

Atlanta, GA – March 2, 2020 – Cardlytics, Inc., (NASDAQ: CDLX) is bringing key purchase insights to various industry events throughout the month of March. With a view into more than $2.8 trillion in annual spend, the company uncovers spend trends as they happen, then uses those insights to help marketers identify headroom and reach likely customers in banks’ digital channels.

The key March events include:

• Millennium Alliance Digital Marketing Transformation: Cardlytics will host a roundtable on Tuesday, March 3 at 10:50 a.m. ET at the Millennium Alliance Digital Assembly in Las Vegas. Germaine Montagne, vice president of marketing for Cardlytics, and Michael Novosel, Cardlytics’ vice president of advertising partnerships, will facilitate a discussion about the use of purchase insights to identify threats and opportunities for your brand.
• Brand Innovators at South by Southwest (SXSW): Nate Bucholz, vice president of ecommerce partnerships for Cardlytics, will host a fireside chat with Freshly’s creative director, Clifford Borress. The session is Friday, March 13 at 11:30 a.m. ET in Austin and will cover trends in e-commerce and how brands can stay relevant in a crowded marketplace.
• Advertising Week Europe: Dani Cushion, Cardlytics’ chief marketing officer, will participate in a panel discussion about the sharing economy on March 18 at 10:55 a.m. ET in London. The panelists, including leaders from Pinterest, eBay, and TRIBE, will talk about how the retail industry is responding to the growing shared economy and a world where customers own less and less.

“As our advertising platform continues to substantially grow, now to more than 130 million monthly active users, we have direct line of sight into how consumers prefer to spend their money,” said Dani Cushion, chief marketing officer for Cardlytics. “These insights are incredibly impactful in helping marketers identify headroom and tap into consumer preference. From building an omni-consumer strategy to driving loyalty and everything in between, our data-driven insights are transforming commerce for many of the top brands in the country.”

Cardlytics will also have a presence at the Restaurant Leadership Conference in Phoenix March 22 - 25 and the Shoptalk conference in Las Vegas March 22 - 25.

To schedule time to meet with Cardlytics executives throughout the month, email events@cardlytics.com.

For more information about Cardlytics and its insight-driven advertising platform built within banks’ digital channels, visit cardlytics.com.

About Cardlytics

Cardlytics (NASDAQ: CDLX) uses purchase intelligence to make marketing more relevant and measurable. We partner with financial institutions to run their banking rewards programs that promote customer loyalty and deepen banking relationships. In turn, we have a secure view into where and when consumers are spending their money. We use these insights to help marketers identify, reach, and influence likely buyers at scale, as well as measure the true sales impact of marketing campaigns. Headquartered in Atlanta, Cardlytics has offices in London, New York, San Francisco and Visakhapatnam. Learn more at www.cardlytics.com.

LONDON – 19 02 2020 – Cardlytics (NASDAQ: CDLX), a purchase intelligence platform that drives loyalty and engagement through merchant-funded rewards, today announced the expansion of its UK financial services team with the appointment of Susan Sutherland as International Business Development Director.

In this role, Sutherland is responsible for leading the expansion of Cardlytics’ financial services business through new partnership development, including retail banks, building societies, and digital providers. Expanding on the success of its existing financial partnerships with Santander, Lloyds, Halifax, and Bank of Scotland, Sutherland will also be contributing to the development of new product and service initiatives from Cardlytics’ European headquarters in London.

“The way people engage with their banks is changing. As the industry, including established high street banks and innovative new entrants, embraces this evolution, Susan’s appointment comes at an important time,” said Peter Gleason, President of Cardlytics’ International Operations. “The challenge facing banks today is how to stand out amid increasing competition while driving valuable relationships with their own customers. Susan’s industry knowledge and network will be a tremendous asset as we further develop our financial services offering.”

Sutherland joins Cardlytics from Fiserv where, as EMEA Digital Banking Director, she focused on launching a Global Digital Banking offering to banks and building societies.

With more than 20 years’ experience leading operations and developing customer propositions at various FinTech and FI’s, including Fiserv/Monitise, The Royal Bank of Scotland, and Tesco Bank, Sutherland is well positioned to bring insights on digital propositions, the current market, and strategic thinking to Cardlytics and its financial services partners.

Susan Sutherland, International Business Development Director at Cardlytics, added, “How banks adapt to a landscape of unprecedented change across customer behaviour, industry competition, and regulation will be critical in this new decade. That’s exactly why Cardlytics’ unique customer-centric proposition intrigued me. Having spent most of my career in customer-focused product innovation working within FinTechs and large retail banking brands, I’m delighted to join Cardlytics to help the financial services industry adapt a new kind of customer mindset amid current disruption.”

- ENDS –

About Cardlytics

Cardlytics (NASDAQ: CDLX) uses purchase-based intelligence to make marketing more relevant and measurable. We partner with major financial institutions – including JPMorgan Chase, Bank of America, Wells Fargo, Lloyds Banking Group and Santander – to run their banking rewards programs that promote customer loyalty and deepen banking relationships. In turn, we have a secure view into where and when consumers are spending their money. We use these insights to help marketers identify, reach, and influence likely buyers at scale, as well as measure the true sales impact of marketing campaigns. Headquartered in Atlanta, Cardlytics has offices in London, New York, San Francisco, and Visakhapatnam. Learn more at www.cardlytics.com.

Atlanta, GA – February 18, 2020 – Cardlytics, Inc., (NASDAQ: CDLX), a purchase intelligence platform that makes marketing more relevant and measurable, today announced that its fourth quarter and fiscal year ended December 31, 2019 financial results will be released on Tuesday, March 3, 2020, after market close. The company will host a conference call and webcast at 5:00 PM (ET) / 2:00 PM (PT) to discuss the company’s financial results.

A live audio webcast of the event will be available on the Cardlytics Investor Relations website at http://ir.cardlytics.com/.

A live dial-in will be available at (866) 385-4179 (domestic) or (210) 874-7775 (international). The conference ID number is 8886276. Shortly after the conclusion of the call, a replay of this conference call will be available through 8:00 PM ET on March 10, 2020 at (855) 859-2056 (domestic) or (404) 537-3406 (international). The replay passcode is 8886276.

About Cardlytics

Cardlytics (NASDAQ: CDLX) uses purchase intelligence to make marketing more relevant and measurable. We partner with financial institutions to run their banking rewards programs that promote customer loyalty and deepen banking relationships. In turn, we have a secure view into where and when consumers are spending their money. We use these insights to help marketers identify, reach, and influence likely buyers at scale, as well as measure the true sales impact of marketing campaigns. Headquartered in Atlanta, Cardlytics has offices in London, New York, San Francisco and Visakhapatnam. Learn more at www.cardlytics.com.

Company to Participate in an Upcoming Investor Conference

Atlanta, GA - January 13, 2020 - Cardlytics, Inc., (NASDAQ: CDLX), a purchase intelligence platform that makes marketing more relevant and measurable, today announced preliminary financial results for the fourth quarter ended December 31, 2019 in advance of participating in an upcoming investor conference.

Preliminary Results for the Fourth Quarter 2019

• Total revenue is expected to be between $68.5 million and $69.5 million.
• Total billings is expected to be between $99.0 million and $101.0 million.

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."

Scott Grimes, CEO & Co-Founder of Cardlytics commented: "We experienced strong growth in 2019, as illustrated by a meaningful acceleration in the back half of the year. We are pleased with the incremental budget expansions that contributed to our revenue performance in the fourth quarter, which is expected to be above our prior guidance. As our partnership with Wells Fargo continues to execute against the phased launch, we expect our FI MAU growth to continue in 2020."

The foregoing expected results are preliminary and are subject to change based on the completion of the Company’s quarter-end review process. These preliminary financial results include calculations or figures that have been prepared internally by management and have not been reviewed or audited by the Company’s auditors. The definition of FI MAUs is included below under the caption “Other Performance Metrics.”

ICR Conference

Scott Grimes, CEO & Co-Founder of Cardlytics will present at the ICR Conference today, Monday, January 13, 2020, at 3:30 p.m. Eastern Time. A live audio webcast of the event will be available on the Cardlytics Investor Relations website at http://ir.cardlytics.com/. After the event, an archive of the webcast will also be available for a limited time on the Cardlytics Investor Relations website.

About Cardlytics

Cardlytics (NASDAQ: CDLX) uses purchase intelligence to make marketing more relevant and measurable. We partner with financial institutions to run their banking rewards programs that promote customer loyalty and deepen banking relationships. In turn, we have a secure view into where and when consumers are spending their money. We use these insights to help marketers identify, reach, and influence likely buyers at scale, as well as measure the true sales impact of marketing campaigns. Headquartered in Atlanta, Cardlytics has offices in London, New York, San Francisco and Visakhapatnam. Learn more at www.cardlytics.com.

Cautionary Language Concerning Forward-Looking Statements:

This press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to our preliminary financial results for the fourth quarter of 2019 and our expected future growth of FI MAUs in 2020. These forward-looking statements are made as of the date they were first issued and were based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. Words such as "expect," "anticipate," "should," "believe," "hope," "target," "project," "goals," "estimate," "potential," "predict," "may," "will," "might," "could," "intend," variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond our control.

Our actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to: our financial performance, including our revenue, margins, costs, expenditures, growth rates and operating expenses, and our ability to sustain revenue growth, generate positive cash flow and become profitable; our substantial dependence on our Cardlytics Direct product; risks related to our substantial dependence on JPMorgan Chase Bank, National Association (“Chase”), Bank of America, National Association ("Bank of America") and a limited number of other financial institution (“FI”) partners; our ability to successfully implement Cardlytics Direct for Wells Fargo Bank, National Association (“Wells Fargo”) customers and maintain relationships with Chase, Wells Fargo and Bank of America; the amount and timing of budgets by marketers, which are affected by budget cycles, economic conditions and other factors; our ability to generate sufficient revenue to offset contractual commitments to FIs; our ability to attract new FI partners and maintain relationships with bank processors and digital banking providers; our ability to maintain relationships with marketers; our ability to adapt to changing market conditions, including our ability to adapt to changes in consumer habits, negotiate fee arrangements with new and existing FIs and retailers, and develop and launch new services and features, and other risks detailed in the “Risk Factors” section of our Form 10-Q filed with the Securities and Exchange Commission on November 12, 2019 and in subsequent periodic reports that we file with the Securities and Exchange Commission. Past performance is not necessarily indicative of future results.

Non-GAAP Measures and Other Performance Metrics

To supplement the financial measures presented in our press release in accordance with generally accepted accounting principles in the United States (“GAAP”), we also present billings, a non-GAAP measure of financial performance, as well as certain other performance metrics, such as FI monthly active users (“FI MAUs”).

A “non-GAAP financial measure” refers to a numerical measure of our historical or future financial performance or financial position that is included in (or excluded from) the most directly comparable measure calculated and presented in accordance with GAAP in our financial statements. We provide certain non-GAAP measures as additional information relating to our operating results as a complement to results provided in accordance with GAAP. The non-GAAP financial information presented herein should be considered in conjunction with, and not as a substitute for or superior to, the financial information presented in accordance with GAAP and should not be considered a measure of liquidity. There are significant limitations associated with the use of non-GAAP financial measures. Further, these measures may differ from the non-GAAP information, even where similarly titled, used by other companies and therefore should not be used to compare our performance to that of other companies.

We have presented billings as a non-GAAP financial measure in this press release. Billings represents the gross amount billed to marketers for advertising campaigns in order to generate revenue. Billings is reported gross of both Consumer Incentives and FI Share. Our GAAP revenue is recognized net of Consumer Incentives and gross of FI Share.

We believe the use of non-GAAP financial measures, as a supplement to GAAP measures, is useful to investors in that they eliminate items that are either not part of our core operations or do not require a cash outlay. Management uses these non-GAAP financial measures when evaluating operating performance and for internal planning and forecasting purposes. We believe that these non-GAAP financial measures help indicate underlying trends in the business, are important in comparing current results with prior period results, and are useful to investors and financial analysts in assessing operating performance.

We define FI MAUs as targetable customers or accounts of our FI partners that logged in and visited the online or mobile banking applications of, or opened an email containing our offers from, our FI partners during a monthly period. We then calculate a monthly average of these FI MAUs for the periods presented.

CARDLYTICS, INC.

RECONCILIATION OF FORECASTED GAAP REVENUE TO BILLINGS (UNAUDITED)

(Amounts in millions)

Q4 2019 Preliminary Results

Revenue

$68.5 - $69.5

Plus:

Consumer Incentives

$29.5 - $32.5

Billings

$99.0 - $101.0

Atlanta, GA – Jan. 7, 2020 – Cardlytics, Inc., (NASDAQ: CDLX), a purchase intelligence platform that makes marketing more relevant and measurable, today announced it will present at the ICR Conference 2020 at the Grande Lakes Hotel & Resort in Orlando, Florida.

Chief Executive Officer and Co-Founder, Scott Grimes, will present on Monday, January 13 at 3:30 p.m. Eastern Time. A live audio webcast will be available on the Cardlytics Investor Relations website at http://wsw.com/webcast/icr6/cdlx/. After the event, an archive of the webcast will also be available for a limited time on the Cardlytics Investor Relations website.

About Cardlytics

Cardlytics (NASDAQ: CDLX) uses purchase intelligence to make marketing more relevant and measurable. We partner with financial institutions to run their banking rewards programs that promote customer loyalty and deepen banking relationships. In turn, we have a secure view into where and when consumers are spending their money. We use these insights to help marketers identify, reach and influence likely buyers at scale, as well as measure the true sales impact of marketing campaigns. Headquartered in Atlanta, Cardlytics has offices in London, New York, San Francisco, and Visakhapatnam. Learn more at www.cardlytics.com.