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Cardlytics Announces Timing of Its Fourth Quarter and Fiscal Year 2018 Financial Results Conference Call and Webcast

6 Minute Read

Atlanta, GA – February 19, 2019 – Cardlytics, Inc., (NASDAQ: CDLX), a purchase intelligence platform that helps make marketing more relevant and measurable, today announced that its fourth quarter and fiscal year ended December 31, 2018 financial results will be released on Tuesday, March 5, 2019, after close of the market. 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 domestic dial-in is available at (866) 385-4179 or (210) 874-7775 internationally. The conference ID number is 2183168. Shortly after the conclusion of the call, a replay of this conference call will be available through 8:00 PM ET on March 12, 2019 at (855) 859-2056 (domestic) or (404) 537-3406 (international). The replay passcode is 2183168.

About Cardlytics

Cardlytics (NASDAQ: CDLX) uses purchase intelligence to make marketing more relevant and measurable. We partner with more than 2,000 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.

Cardlytics: Who Will Really Win The Big Game - Pizza or Tacos?

6 Minute Read
Cardlytics spending data image

ATLANTA, GA – Jan. 28, 2019 – For restaurants, this Sunday isn’t about New England or Los Angeles, it’s about gaining the most yardage at the viewing party table. According to newly released data from Cardlytics (NASDAQ: CDLX), pizza dominated food budgets in the Patriots’ hometown of Boston last year with a 187 percent increase in spend compared to an average week. But for Los Angeles, it was all about the tacos with a 37 percent increase in spend over annual averages.

These insights come from Cardlytics, which partners with more than 2,000 financial institutions to run their digital rewards programs. The company leverages proprietary insights to understand where and when consumers spend their money, helping marketers reach likely buyers through the banks’ mobile, online, and email channels. Cardlytics’ fraud-free native advertising platform reaches more than 85 million monthly active users and analyzes $2.3T in consumer spend.

This spending data surrounding The Big Game also revealed that football fans overall spent 12 percent more nationally during the 2018 championship versus 2017. In this year’s host city of Atlanta, chicken made a big run with a 128 percent boost in sales and is the fastest growing food choice for football fans with spend surging 19 percent nationally in 2018 compared to 2017.

“The February championship is an exciting time, not only for the game and the commercials, but also in the all-important area of dining,” said Matt Drewes, Cardlytics senior vice president and group head of restaurants. “At Cardlytics, we can help restaurants gain market share, whether it’s leading into a big event or otherwise, by applying sophisticated analytics to our massive purchase dataset and delivering real insight into the customer’s buying behavior. This allows brands to identify blind spots and gauge headroom for growth within their categories.”

Other key findings around food purchases during the week of The Big Game include:

  • Spend grew 29 percent in Atlanta and 31 percent in all of Georgia from 2017 to 2018.
  • Tennessee (27 percent growth), Virginia (24 percent growth), and Florida (20 percent growth) experienced three of the largest spikes in spend for 2018 compared to 2017.
  • Sioux Falls, South Dakota (15 percent decrease), Mankato, Kansas (12 percent decrease), and Topeka, Kansas (11 percent decrease) saw the most notable decreases in spend from 2017 to 2018.
  • Chicago and St. Louis are the only two cities whose residents preferred to eat sandwiches on game day, respectively spending 85 percent and 73 percent more on this item the week of the championship than average.

Methodology: U.S. consumer spend at barbeque, premium burger, chicken, taco, pizza, and sandwich locations the week of the championship game (between February 1, 2018 and February 7, 2018, and February 2, 2017 and February 8, 2017), compared to annual averages captured between January 5, 2017 and January 2, 2019.

About Cardlytics

Cardlytics (NASDAQ: CDLX) uses purchase intelligence to make marketing more relevant and measurable. We partner with more than 2,000 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.

Cardlytics Hosts Inaugural Ceremony to Open its First Asian Office

6 Minute Read

Sathish Gaddipati to Oversee, Manohar Reddy Dendi to Lead New Research and Development Hub

ATLANTA, GA – Feb. 18, 2019 – Cardlytics (NASDAQ: CDLX), a purchase intelligence platform that makes marketing more relevant and measurable, today hosted an inaugural ceremony to open its first office in Asia. Located in India’s Sunrise State of Andhra Pradesh in the city of Visakhapatnam (Vizag), the Indian outpost is the company’s third global market. This follows the successful launch of its UK operations in 2013.

Sathish Gaddipati, Cardlytics’ chief technology officer, will oversee this research and development hub, with day-to-day onsite leadership coming from Manohar Reddy Dendi, director of engineering. The company plans to hire approximately 80 full-time employees in Vizag by the end of 2020, enhancing its full-time research and development capabilities.

“With their extensive experience in engineering and data technology, Sathish and Manohar will be instrumental in driving innovation and growth for us in Asia,” said Scott Grimes, Cardlytics’ chief executive officer. “Their proven leadership and familiarity with the Vizag area will help ensure the success of our newest global expansion.”

Prior to joining Cardlytics, Sathish directed a number of global teams in building highly scalable data and analytics platforms at The Weather Channel, The Walt Disney Company, NCR Corporation, Intercontinental Hotels Group, Sun Microsystems, and Omnitracs. He holds a Master of Science in industrial management from Indian Institute of Technology (IIT) - Mumbai.

Manohar has more than 18 years’ experience in enterprise IT and software development. Prior to joining Cardlytics, he managed NCR Corporation’s Managed Services division for India and APAC and worked as the director of business solutions at CA Technologies where he grew his team from four members to 100. He began his career at Computer Associates-TCG as a software engineer. Manohar graduated from Nizam College, Hyderabad with a Bachelor of Science and earned a Master of Science degree from Osmania University.

For more information on Cardlytics India, visit www.cardlytics.com/india.

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About Cardlytics

Cardlytics (NASDAQ: CDLX) uses purchase intelligence to make marketing more relevant and measurable. We partner with more than 2,000 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.

Cardlytics Announces Preliminary Fourth Quarter 2018 Financial Results

6 Minute Read

January 14, 2019 at 8:00 AM EST

Company to Participate in Two Upcoming Investor Conferences

ATLANTA, Jan. 14, 2019 (GLOBE NEWSWIRE) -- Cardlytics, Inc., (NASDAQ: CDLX), a purchase intelligence platform that helps make marketing more relevant and measurable, today announced preliminary financial results and FI MAUs for the fourth quarter ended December 31, 2018 in advance of participating in two upcoming investor conferences.

Preliminary Results for the Fourth Quarter 2018

  • Total revenue is expected to be between $47.0 and $48.0 million.
  • FI MAUs for the fourth quarter are expected to exceed 80.0 million.

The definition of FI MAUs is included below under the caption “Other Performance Metrics.”

Scott Grimes, CEO & Co-Founder of Cardlytics commented: “We are pleased with our revenue performance in the fourth quarter, which is expected to be above our prior guidance. In addition, we had strong MAU growth in the fourth quarter and expect that growth to continue into 2019. We will share additional information on our upcoming earnings call on March 5th.”

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 Company will report full fourth quarter 2018 results on March 5, 2019.

ICR Conference and Needham 2019 Growth Conference

As previously announced, Cardlytics will present at two upcoming conferences:

  • Scott Grimes, CEO & Co-Founder of Cardlytics, will present at the ICR Conference today, Monday, January 14, 2019, at 2:30 p.m. Eastern Time.
  • Mr. Grimes will present at the Needham 2019 Growth Conference on Wednesday, January 16, 2019 at 8:00 a.m. Eastern Time.

A live audio webcast of each event will be available on the Cardlytics Investor Relations website at http://ir.cardlytics.com/. After the events, an archive of the webcasts 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 more than 2,000 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 financial guidance for the fourth quarter of 2018 and the expected future growth of FI MAUs in 2019. These forward-looking statements are made as of the date hereof 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; risks related to our substantial dependence on our Cardlytics Direct product; risks related to our substantial dependence on Bank of America, N.A., JPMorgan Chase Bank, NA ("Chase") and a limited number of other financial institution (“FI”) partners; risks related to our ability to successfully implement Cardlytics Direct for Chase and Wells Fargo & Company ("Wells Fargo") customers and maintain a relationship with Chase and Wells Fargo; the amount and timing of budgets by advertisers, 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 financial institutions and retailers, and develop and launch new services and features; our significant amount of debt, which may affect our ability to operate the business and secure additional financing in the future, and other risks detailed in the “Risk Factors” section of our Form 10-Q filed with the Securities and Exchange Commission on November 13, 2018 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.

Other Performance Metrics

Cardlytics defines FI MAUs as customers or accounts of its FI partners that logged in and visited the online or mobile banking applications of, or opened an email from, its FI partners during a monthly period. Cardlytics then calculates a monthly average of FI MAUs in the applicable period.

Cardlytics to Present at the 21st Annual ICR Conference and the 2019 Needham Growth Conference

6 Minute Read

January 7, 2019 at 4:05 PM EST

ATLANTA, Jan. 07, 2019 (GLOBE NEWSWIRE) -- Cardlytics, Inc., (NASDAQ: CDLX), a purchase intelligence platform that helps make marketing more relevant and measurable, today announced it will present at two upcoming conferences in January: the 21st Annual ICR Conference and the 2019 Needham Growth Conference

  • Chief Executive Officer and Co-Founder, Scott Grimes, will present at the ICR Conference on Monday, January 14, 2019 at 2:30 p.m. Eastern Time and will be webcast live.
  • Mr. Grimes will present at the Needham Conference on Wednesday, January 16, 2019 at 8:00 a.m. Eastern Time and will be webcast live.

A live audio webcast of each event will be available on the Cardlytics Investor Relations website at http://ir.cardlytics.com/. After the events, an archive of the webcasts 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 more than 2,000 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.

Cardlytics to Present at the Raymond James 2018 Technology Investors Conference and the Wells Fargo 2018 Tech Summit

6 Minute Read

November 27, 2018 at 4:05 PM EST

ATLANTA, Nov. 27, 2018 (GLOBE NEWSWIRE) -- Cardlytics, Inc., (NASDAQ: CDLX), a purchase intelligence platform that helps make marketing more relevant and measurable, today announced it will present at two upcoming conferences in December: the Raymond James 2018 Technology Investors Conference, and the Wells Fargo 2018 Tech Summit.

  • Chief Operating Officer and Co-Founder, Lynne Laube, will present at the Raymond James Conference on Tuesday, December 4, 2018 at 2:25 p.m. Eastern Time and will be webcast live.
  • Chief Financial Officer, David Evans, will present at the Wells Fargo conference on Wednesday, December 5, 2018 at 12:50 p.m. Eastern Time and will be webcast live.

A live audio webcast of each event will be available on the Cardlytics Investor Relations website at http://ir.cardlytics.com/. After the events, an archive of the webcasts 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 more than 2,000 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.

Cardlytics Expands Purchase Intelligence Platform with Launch of Chase Offers

6 Minute Read

Significantly increases impact of Cardlytics Direct native advertising channel

ATLANTA, GA – Nov. 20, 2018 – Cardlytics (NASDAQ: CDLX), a purchase intelligence platform that makes marketing more relevant and measurable, announced today the launch of Chase Offers, a new program for the largest bank in the U.S.

Through Chase Offers, customers will receive offers that earn them statement credits on everyday purchases, with targeted digital marketing designed to drive incremental in-store and online sales for merchant partners. The launch of Chase Offers will significantly increase the scale of the Cardlytics Direct native channel just in time for the holiday season.

By adding Chase to the Cardlytics platform, the company will be working with financial institutions that collectively represent $2.3T in annual consumer spend, representing two out of every five credit and debit transactions in the U.S.

Through strong relationships with leading marketers across a variety of industries, including retail, restaurant, telecommunications, home services, travel, entertainment, and grocery, Cardlytics will connect brands with millions of Chase consumer debit and credit card customers.

“Launching Chase Offers has been one of the most significant bank implementations in Cardlytics’ history, both in terms of scale and complexity,” said Cardlytics CEO and Co-Founder, Scott Grimes. “With the addition of Chase, we can now offer marketers even more impactful scale, which puts us in line with other major media channels. This comes alongside the added benefit of delivering relevant ads in a secure, trusted, fraud-free channel when consumers are thinking about their money.”

Chase Offers will be delivered across a majority of Chase’s consumer credit and debit card customers through Chase-owned channels.

For more information on Cardlytics, visit cardlytics.com. For more information on Chase Offers, visit chase.com/chaseoffers.

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About Cardlytics

Cardlytics (NASDAQ: CDLX) uses purchase intelligence to make marketing more relevant and measurable. We partner with more than 2,000 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.

Cardlytics Expands U.S. Travel and Entertainment Division

6 Minute Read

Industry veteran, Sasha Trifunac, appointed to lead growth efforts

ATLANTA, GA – Nov. 7, 2018 – Cardlytics (NASDAQ: CDLX), a purchase intelligence platform that makes marketing more relevant and measurable, today announced the appointment of Alexander “Sasha” Trifunac to propel the company’s commitment to helping U.S. travel, hospitality, and entertainment brands increase customer loyalty and drive profits through targeted marketing campaigns. As vice president of ad partnerships for travel and entertainment, Trifunac will showcase the company’s successful purchase intelligence platform in an effort to grow these important verticals and expand existing relationships.

“Our ability to drive incremental return on ad spend of 4:1 or better in our bank partners’ fraud-free, trusted digital channels provides travel, hospitality, and entertainment brands with a great opportunity,” said Randall Beard, Cardlytics’ group president, advertisers. “Sasha’s background in the industry, coupled with the success we’ve seen with our existing portfolio of clients, will allow us to help other companies realize the potential of reaching likely customers and measuring their impact on actual sales.”

Prior to Cardlytics, Trifunac led global partnership and loyalty development for Intercontinental Hotels Group (IHG), where he successfully launched partnership programs with Amazon, Open Table, Cisco, Shell, and the Wall Street Journal, among others. Prior to IHG, across a number of roles with United Airlines and MileagePlus, Trifunac led commercial engagement for airline joint ventures, loyalty business development, and co-brand credit card relationships.

Cardlytics partners with a broad range of major brands, including 20 of the top 25 U.S. restaurant chains, 23 of the top 50 U.S. retailers, three of the top five U.S. cable providers, and three of the top four U.S. wireless carriers. For more information, visit www.cardlytics.com.

About Cardlytics

Cardlytics (NASDAQ: CDLX) uses purchase intelligence to make marketing more relevant and measurable. We partner with more than 2,000 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.

Cardlytics wins Lloyds Banking Group’s ‘Build an Open Bank Challenge’ Hackathon

6 Minute Read

ATLANTA, GA – Dec. 18, 2017Cardlytics, a purchase intelligence platform that makes marketing more relevant and measurable, has won Lloyds Banking Group’s ‘Build an Open Bank Challenge’ Hackathon.

The event tasked some of the biggest names in the finance and technology worlds with showing how bank partners can make the most of regulatory and commercial Open Banking APIs to support the needs of customers.

Cardlytics’ successful idea centered on the guiding principle that customers must see real value to ensure a meaningful data exchange in a world of Open Banking. The team developed a prototype that would use data to build a privacy-safe 360-degree view of customer spend, including spending habits, demographics, real-time location, and key life changes, so they don’t miss out on uniquely relevant and valuable offers.

The winning Cardlytics team comprised specialists from both its UK and US offices, bringing knowledge and understanding of delivering customer rewards in two of the world’s most competitive retail banking landscapes.

“We believe Open Banking presents a major opportunity for Cardlytics. As banks try to build loyalty among new and existing customers, they will need to help customers understand the value in sharing data by developing platforms that provide even more relevant and timely offers,” said Campbell Shaw, Head of Banking Relationships at Cardlytics. “Our history of running major reward programs in a privacy-focused way means we’re well positioned to help them do this.”

Lloyds’ ‘Build an Open Bank Challenge’ came as part of its Inspire Series. It enabled Lloyds Banking Group and partners to explore opportunities in light of the forthcoming Open Banking regulation.

Aneet Morar, Head of Digital Partnerships and Ecosystem Development at Lloyds Banking Group, added: “Next year banks have a golden opportunity. But as we seek to build a better understanding of our customers, transforming the way they engage with us, we need to make sure we put them first. Ultimately the Cardlytics team separated themselves by answering the question which will be posed by all customers: ‘what’s in it for me?’”

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About Cardlytics

Cardlytics uses purchase-based intelligence to make marketing more relevant and measurable. We partner with more than 2,000 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, Chicago and San Francisco. Learn more at www.cardlytics.com.

Media Contact
Crystal Cooper,
Senior Marketing and Communications Manager, Cardlytics, ccooper@cardlytics.com

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