EarningsQ2 2026 Earnings Report
MX:CDLX Q2 2026 EPS Results
Actual EPS-$43.69
Consensus EPS-$38.95
Beat/MissMissed by -$4.74
One Year Ago EPS-$30.48
MX:CDLX Q2 2026 Revenue Results
Actual Revenue$624.52M
Expected Revenue$626.56M
Beat/MissMissed by -$2.05M
YoY Revenue Growth-41.69%
Earnings Announcement Details
QuarterQ2 2026
Date08/05/2026
TimeAfter Close
Conference CallWednesday, August 5, 2026
MX:CDLX Upcoming Earnings
Cardlytics's next earnings date is estimated for November 11, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:CDLX Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Neutral
The call mixed strong operational and product progress—advertiser expansion, large improvements in churn, meaningful AI-driven efficiency gains, and U.K. momentum—against sizable year-over-year declines in billings and revenue, negative operating and free cash flow, and reduced MQUs driven by prior partner changes. Management emphasized execution, cost discipline, and a path toward self-sustainability, while Q3 guidance is cautious but consistent with stabilization.Company Guidance
Advertiser Base Expansion and Strong New Business
Active advertisers grew 18% quarter-over-quarter and billings grew 11% quarter-over-quarter. New logo volume was up 59% quarter-over-quarter, with new business billings for that cohort up 17% year-over-year; the largest new logo this quarter was more than 100% larger than the largest new logo a year ago.
Improved Retention and Reduced Churn
Churn improved materially: down 50% by advertiser count and down 88% by dollar impact, driven by faster measurement and easier scaling for new advertisers.
Successful Bank-Funded Program Outcomes
A tested bank-funded rewards program produced significant engagement gains: total redemptions rose 105%, first-time redeemers increased 113%, and merchant-funded redemption spend grew 78%, demonstrating the platform's three-sided flywheel.
Growth in Local Third-Party Offers and U.K. Momentum
Local third-party offers are live across 4 major banks, driving nearly 5,000 daily redemptions and billings up 20% since the start of the year. The U.K. business delivered over 10% year-over-year revenue growth in Q2 and expanded a new partnership powering Monzo card-linked offers beginning July 2026.
Technology and AI-Driven Efficiency Gains
Investments in an AI-forward tech stack produced product gains: an AI-driven campaign publishing engine and insight tools reduced ad campaign build time by ~50% versus a year ago while maintaining internal targets 99.4% of the time, and new AI capabilities surface industry/brand spending insights for advertisers.
Operating Expense Reduction and Margin Improvement
Q2 adjusted operating expenses were $19.6 million, down 31% year-over-year. Adjusted contribution was $21.3 million (down 32% YoY) but rose as a percentage of revenue to 57.7% from 54%, indicating improved contribution margins.
Beat on Adjusted EBITDA Guidance
The company reported adjusted EBITDA of positive $1.7 million, which exceeded the high end of its guide for the quarter, and management stated they were within guide for billings, revenue, and adjusted contribution.
MX:CDLX Earnings History
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