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Cardlytics Q3 revenue falls on lower user activity

By Reuters News


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

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Miss

$32.88 mln

$36.35 mln (2 Analysts)

Q3 Net Loss

$8.95 mln

Q3 Billings

$57.22 mln


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%


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

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