Cardlytics(CDLX)
$1.43-0.22 (-13.33%)
CDLX
Cardlytics earnings date
$1.43
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Cardlytics (CDLX) Q3 2026 Earnings Report
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CDLX Q3 2026 EPS Results
- Actual EPS
- -$1.26
- Consensus EPS
- -$1.93
- Beat/Miss
- Beat by +$0.67
- One Year Ago EPS
- -$13.60
CDLX Q3 2026 Revenue Results
- Actual Revenue
- $32.88M
- Expected Revenue
- $36.35M
- Beat/Miss
- Missed by -$3.47M
- YoY Revenue Growth
- -36.80%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 11/05/2026
- Time
- After Close
- Conference Call
- Thursday, November 5, 2026
CDLX Upcoming Earnings
Cardlytics's next earnings date is estimated for March 2, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
CDLX Q3 2026 Earnings Call
0:00 / 0:00
Q3 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q3 2026 Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a mixed outlook. Q3 financial performance was weak, with billings, revenue, Adjusted Contribution, Adjusted EBITDA, and MQUs down year-over-year, alongside a U.K. bank disruption and advertiser budget pressure. However, management highlighted strong new-business growth, advertiser retention, expanding CRP partnerships, technology and AI initiatives, improved contribution margin and Free Cash Flow, and guidance for 10%-20% sequential billings growth in Q4. The positive strategic and forward-looking developments broadly balanced the significant Q3 declines.
Company Guidance
For Q4 2026, Cardlytics expects billings between $63 million and $69 million, revenue between $35 million and $39 million, Adjusted Contribution between $20 million and $23 million, and Adjusted EBITDA between negative $1 million and positive $2 million; the guidance represents 10%-20% growth in billings quarter-over-quarter and a return to sequential growth, and the company expects to return to sequential growth in Q4.
- New CRP Partnerships Expand Publisher NetworkCardlytics signed three new Card-Linked Rewards Program (CRP) partners in Q3: Yahoo, VodafoneThree, and Rove, and signed a fourth partner, Coupert, after quarter-end. The partnerships expand distribution beyond traditional financial institutions across online media, telecom, travel, and cashback. More than half of cards linked through CRP come from outside Cardlytics' existing bank network.
- Notable VodafoneThree and Yahoo LaunchesCardlytics plans to bring personalized offers to Yahoo Mail users and to launch on the Three+ Rewards app for Three mobile customers. The VodafoneThree partnership is Cardlytics' first U.K. open banking partner at scale, first U.K. CRP partner outside financial institutions, and first U.K. partner offering rewards as a credit against a phone bill.
- Bank Partners Increasing Q4 Program InvestmentSeveral large bank partners are investing heavily in Q4 through bank-funded offers, bonus redemption days, boosted rewards, and sweepstakes to promote their programs and increase engagement.
- New Business Billings and Advertiser Retention GrowthNew business billings grew 25% from Q2. Advertisers that launched in Q2 increased their billing 58% in Q3, 70% renewed with new budgets, and more than half billed more in Q3. One national electronics retailer nearly tripled its billing.
- Growing Everyday-Spend Advertiser BaseRestaurant, gas, and grocery advertisers represented 29% of active advertisers, reflecting continued growth in Cardlytics' everyday-spend categories.
- Consumer Spending and Travel Demand Remain StrongU.S. consumer spending grew 10% compared with Q3 2025, purchases increased 7%, and average transaction size was about 3% larger. Gas and convenience spending grew 27% because of higher fuel prices, while travel spending grew 17%.
- Travel Advertiser Base ExpandsThe number of active travel advertisers increased more than 50% year-over-year, including new airline, hotel, cruise, and online travel agency logos. Cardlytics said travel brands value verified redemptions and the ability to deliver revenue within a set window.
- U.K. Advertiser Base Remained Healthy Beneath the DisruptionDespite the U.K. technical disruption, Cardlytics reported growth across its top 10 advertisers and approximately 5% growth in retail. The company also said U.K. shoppers are spreading purchases across the holiday season rather than concentrating them around the deepest discount days, leading retail partners to invest earlier and more steadily.
- Boosted Rewards Test Increased BillingCardlytics tested boosted rewards for customers who had not redeemed an offer in more than six months. Early tests across bank partners produced a 13% billing increase in the test groups, and the company is finalizing an expansion plan.
- Technology Platform EnhancementsCardlytics launched custom reward tiers that allow banks to offer higher reward multipliers to encourage customers to move to higher account tiers, and extended one partner's program to a broader customer base.
- AI Insights Agent Scaled Across Seven IndustriesThe AI insights agent was scaled to produce industry outlook content across hundreds of brands with very little engineering effort. Industry reports now cover seven sectors, including quick service restaurants, grocery, and travel, helping the sales team build customized advertiser campaigns quickly.
- Cardlytics Demand Index ReleasedCardlytics released the Cardlytics Demand Index, designed to convert its verified purchase data into aggregated, privacy-safe insights on consumer spending and provide advertisers with additional planning information.
- Plans to Support AI-Agent ShoppingCardlytics is designing its technology so AI shopping agents can become a new type of publisher in its network, showing relevant offers at the point of purchase and linking those offers to verified redemptions.
- Q4 Guidance Calls for Sequential RecoveryQ4 guidance calls for billings of $63 million to $69 million, revenue of $35 million to $39 million, Adjusted Contribution of $20 million to $23 million, and Adjusted EBITDA between negative $1 million and positive $2 million. The billings outlook represents 10%-20% quarter-over-quarter growth and a return to sequential growth.
- Improved Contribution Margin and Lower Operating ExpensesQ3 Adjusted Contribution as a percentage of revenue increased to 59% from 54.4% in the prior year. Adjusted operating expenses decreased 14% year-over-year to $19 million, primarily due to reduction-in-force actions taken in the second half of 2025 and cloud infrastructure optimization.
- Free Cash Flow Improved Year-Over-YearQ3 Free Cash Flow was negative $1.6 million compared with negative $2.7 million in Q3 2025. Management said Free Cash Flow is trending in the right direction and converging closer to Adjusted EBITDA going forward.
- MQUs Increased SequentiallyMonthly Qualified Users were 187 million, down year-over-year, but increased by 1.2 million from the end of Q2.
CDLX Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Mar 02, 2027 | 2026 (Q4) | -1.49- | -1.5 | ― | ― |
| Nov 05, 2026 | 2026 (Q3) | -1.93-1.26 | -13.6 | 90.74% (+12.34) | |
| Aug 05, 2026 | 2026 (Q2) | -2.30-2.58 | -1.8 | -43.33% (-0.78) | |
| May 07, 2026 | 2026 (Q1) | -3.70-0.80 | -2.6 | 69.23% (+1.80) | |
| Mar 04, 2026 | 2025 (Q4) | -2.07-1.50 | -3.1 | 51.61% (+1.60) | |
| Nov 05, 2025 | 2025 (Q3) | -3.27-13.60 | -29 | 53.10% (+15.40) | |
| Aug 06, 2025 | 2025 (Q2) | -3.90-1.80 | -0.9 | -100.00% (-0.90) | |
| May 07, 2025 | 2025 (Q1) | -4.80-2.60 | -5.6 | 53.57% (+3.00) | |
| Mar 12, 2025 | 2024 (Q4) | -4.70-3.10 | -23.55 | 86.83% (+20.45) | |
| Nov 06, 2024 | 2024 (Q3) | -5.67-29.00 | -6.3 | -360.32% (-22.70) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat Missed
