Cardlytics, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 02, 2021 at 04:33 pm EDT
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Cardlytics, Inc. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was USD 64.98 million compared to USD 46.08 million a year ago. Net loss was USD 44.53 million compared to USD 15.36 million a year ago. Basic loss per share from continuing operations was USD 1.35 compared to USD 0.56 a year ago.
For the nine months, sales was USD 177.07 million compared to USD 119.81 million a year ago. Net loss was USD 116.73 million compared to USD 48.65 million a year ago. Basic loss per share from continuing operations was USD 3.67 compared to USD 1.8 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. 
