Cardlytics Q3 revenue falls on lower user activity

Overview

• Purchase intelligence platform's Q3 revenue fell 30% yr/yr to $32.9 mln

• Adjusted EBITDA dropped to $0.4 mln from $3.3 mln a year ago

• Company cites lower monthly qualified users and billings for revenue decline

Outlook

• Cardlytics expects Q4 2026 revenue of $35.0 mln to $39.0 mln

• Company forecasts Q4 2026 billings between $63.0 mln and $69.0 mln

• Company expects Q4 2026 adjusted EBITDA between ($1.0) mln and $2.0 mln

Result Drivers

• PARTNER GROWTH INITIATIVES - Co said it is adding new card rewards program partners and expanding its advertising base to build supply, per CEO Amit Gupta

• COST REDUCTIONS - Co said it is running a leaner business with lower costs and higher contribution margin, per CFO David Evans

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 3 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the software peer group is "buy."

• Wall Street's median 12-month price target for Cardlytics Inc is $5.00, about 128.3% above its November 4 closing price of $2.19

Reuters Recommended Reads

• Nov 3 - Marqeta Q3 revenue slightly beats estimates on volume growth

• Nov 3 - Oportun Financial's Q3 revenue beats estimates on higher originations in lower-risk segments

• Nov 4 - ZoomInfo Q3 revenue falls 3%

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)