Financial PerformanceQ3 billings of $112.0M were above consensus of $101.7M, and CDLX reported 3Q results that came in above expectations across the board as several large upsell deals came through in the quarter and helped numbers beat Street forecasts.
Growth ProspectsCardlytics’ pipeline is promising with strong growth prospects in restaurant and travel coupled with its major FI partner going live in 2025.
Partnerships And Market PositionCDLX has built a strong moat around its core business by securing partnerships with 4 of the 5 largest U.S. card issuers, which represent over ~60% of U.S. card transaction volumes.