Cardlytics, Inc. ( (CDLX) ) has released its Q3 earnings. Here is a breakdown of the information Cardlytics, Inc. presented to its investors.
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Cardlytics, Inc., a commerce media platform, leverages first-party purchase data to enhance customer loyalty and drive incremental sales for advertisers and publishers, with significant visibility into card-based transactions in the U.S. and U.K. In its third-quarter 2025 financial results, Cardlytics reported a revenue of $52 million, marking a 22% decline from the previous year. Despite this, the company managed to reduce its net loss by 50% year-over-year, highlighting a strategic focus on financial health and growth initiatives.
Key financial metrics revealed a 20% decrease in billings to $89.2 million and a 17% decline in adjusted contribution to $30 million. However, the company achieved a positive adjusted EBITDA of $3.2 million, a significant improvement from the negative $1.8 million in the same quarter of 2024. Notably, Cardlytics saw a 21% increase in monthly qualified users, reaching 230.3 million, although the adjusted contribution per user decreased to $0.11.
The company’s strategic focus on core strengths and disciplined initiatives is evident in its efforts to deliver value to partners and advertisers. Despite the challenges, Cardlytics is committed to unlocking long-term shareholder value by enhancing its differentiating factors and maintaining strong partnerships.
Looking ahead, Cardlytics anticipates a continued focus on strengthening its market position, with projected fourth-quarter billings and revenue expected to decline year-over-year. The company remains optimistic about its strategic initiatives aimed at driving future growth and improving financial performance.

