Strong Consumer Spending Rebound
Despite initial softness in February, consumer spending rebounded in March and grew steadily in April, driven by growth in categories like auto, home improvement, e-commerce, and apparel.
Successful Launch of Cardlytics Rewards Platform
Cardlytics signed its first non-FI partner agreement with a leading digital sports platform for the Cardlytics Rewards Platform, marking a significant expansion beyond financial institutions.
Expansion in the U.K. Market
Revenue in the U.K. grew by 8.6%, driven by higher billings and increased supply, with 15 new brands signing on in categories like travel, entertainment, and restaurants.
High Engagement with Insights Portal
There was a 77% sequential increase in advertisers using the Insights portal in Q1, contributing directly to high-value renewals.
Increased Supply and Engagement
Cardlytics launched with a new large FI partner and a neobank, seeing strong engagement and high redemption rates.
New Chief Business Officer
Rory Mitchell joined as the new Chief Business Officer, bringing over 15 years of experience in Commerce Media.