Cardlytics jumps after upbeat Q1 revenue forecast

Cardlytics

15/03/2024 10:09

** Shares of purchase intelligence provider Cardlytics
 CDLX.O  rise 38.8% to $11.36 premarket
    ** After market close on Thursday, CDLX forecast Q1 revenue
between $70 mln and $73 mln, above analysts' expectations of
$66.50 mln - LSEG data
    ** Co on path to double-digit billings growth in 2024 - CFO 
Alexis DeSieno
    ** CDLX's Q4 adjusted profit of 14 cents/shr also topped
estimates of 12 cents/shr
    ** Q4 revenue jumped 8.1% to $89.2 mln compared to last year
    ** Co partners with financial institutions such as JPMorgan
Chase  JPM.N , Bank of America  BAC.N , and Wells Fargo  WFC.N ,
which provides it with access to their anonymized purchase data
of digital banking customers
    ** As of last close, stock down 11.1% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com;))