| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 34.32 | 39.2% |
| Total Income | 34.32 | 39.2% |
| Expenditure | 42.59 | 44.0% |
| PBT | -13.80 | 3.9% |
| Net Profit | -4.48 | 66.3% |
| OPM | -24.11% | 0.84pp |
| NPM | -13.05% | 10.48pp |
| EPS | — |
Cardlytics Reports Q1 2026 Revenue of $34.3 Million
08 May 2026 · 8 May, 1:40 am
Summary
Cardlytics, Inc. announced its financial results for the first quarter ended March 31, 2026. Revenue was $34.3 million, a 39% decrease year-over-year. Billings decreased by 37% to $58.1 million, and Adjusted Contribution decreased by 28% to $19.7 million. The company reported a Net Loss of $(4.5) million, an improvement compared to the $(13.3) million loss in the first quarter of 2025. The company anticipates Billings, Revenue, Adjusted Contribution and Adjusted EBITDA to be in the following ranges for Q2 2026.
Key Highlights
- 1
Cardlytics' revenue was $34.3 million, a decrease of 39% year-over-year compared to $56.4 million in the first quarter of 2025.
- 2
Billings were $58.1 million, a decrease of 37% year-over-year compared to $92.1 million in the first quarter of 2025.
- 3
Adjusted Contribution was $19.7 million, a decrease of 28% year-over-year compared to $27.3 million in the first quarter of 2025.
- 4
Net Loss was $(4.5) million, compared to a Net Loss of $(13.3) million in the first quarter of 2025.
- 5
Adjusted EBITDA was $0.2 million compared to $(4.1) million in the first quarter of 2025.
- 6
Cardlytics monthly qualified users (MQUs) were 197.0 million, a decrease of 8% year-over-year.
- 7
The company successfully completed the divestiture of Bridg on March 24, 2026.
Management Comments
Amit Gupta
"The first quarter of 2026 marks a definitive shift from stabilization to execution. By exceeding the midpoint of our guidance range across all key metrics, we have demonstrated that our leaner, more disciplined operating model is delivering real results." "While we navigated the anticipated shift in our banking mix, our ability to drive high-intent commerce for our advertisers remains our core competitive advantage. We have a clear and focused path to drive long-term value for our shareholders."
David Evans
"We continue to execute against our game plan for achieving sequential growth and self sustainability throughout 2026.”
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