Cardlytics names new CEO, shares rise

Cardlytics

20/07/2022 16:17

** Shares of digital advertising platform Cardlytics
 CDLX.O  up 4.2% at $14.75 
    ** Co appoints Karim Temsamani as CEO, effective Sept. 1,
succeeding co-founder and current CEO, Lynne Laube  urn:newsml:reuters.com:*:nGNX4DSl4L
    ** Temsamani joins Cardlytics from Stripe; Before Stripe,
Temsamani spent nearly 12 years at Google
    ** Co also said it now expects Q2 revenue to be in the range
of $74.5 mln-$76.5 mln, compared with its previous forecast of
$73 mln-$80 mln; analysts estimate $76.78 mln
    ** CDLX shares down ~78% YTD

 (Reporting by Aatrayee Chatterjee in Bengaluru)
 ((Aatrayee.Chatterjee@thomsonreuters.com;))