Cardlytics gains on lifting Q1 rev forecast

Cardlytics

04/04/2023 13:04

** Shares of marketing firm Cardlytics Inc  CDLX.O  rise
15.7% to $3.99 in premarket 
    ** Expects Q1 revenue in the range of $63.5 million - $66.5
million from $54.0 million - $63.0 million earlier
    ** Analysts on average expect Q1 revenue to be $57.9 million
- Refinitiv data
    ** CDLX now sees a smaller Q1 adjusted earnings before
interest, taxes, depreciation and ammortization (EBITDA) loss of
$5.0 million to $8.0 million from $10.0 million to $17.0 million
earlier
    ** "Improved topline guidance is driven by better than
expected growth in the US business and product optimizations" -
CEO Karim Temsamani
    ** Up to last close, stock had fallen 40.3% this year

 (Reporting by Ashwini Raj in Bengaluru)
 ((Ashwini.Raj@thomsonreuters.com))