Cardlytics, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 02, 2022 at 04:32 pm EDT
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Cardlytics, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 75.41 million compared to USD 58.85 million a year ago. Net loss was USD 126.29 million compared to USD 47.31 million a year ago.
For the six months, sales was USD 143.33 million compared to USD 112.08 million a year ago. Net loss was USD 93.25 million compared to USD 72.2 million a year ago.
Cardlytics, Inc. is a provider of a digital advertising platform. The Company operates an advertising platform within its own and its partners' digital channels, which includes online, mobile applications, email and various real-time notifications (the Cardlytics platform). Through the Cardlytics platform, marketers can deliver advertising content to customers that allows them to earn rewards, which are funded with a portion of the fees it collects from marketers. It maintains the Cardlytics platform in both the United States and the United Kingdom. With the Cardlytics platform, it enables marketers to reach potential customers across its network of financial institutions (FI) partners through their digital banking accounts. It also operates a customer data platform, Bridg platform, which utilizes point-of-sale (POS) data, including product-level purchase data, to enable marketers to perform analytics and targeted loyalty marketing and also measure the impact of their marketing.
CARDLYTICS, INC. 
